Skip to content
etf.net

WEBL

GradeBNew York Stock Exchange Arca

Direxion Daily Dow Jones Internet Bull 3X Shares

Leveraged · Leveraged & Inverse · Direxion · Inception 2019-11-07 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$29.20−0.69 (−2.29%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 29.88 to 29.20. Range 28.95 to 29.89. Use the arrow keys to read each point.$29.60$30.0010 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$93M
1Y return
−13.9%
Yield · Last 12 months
0.15%
Holdings
48
Volume · 30D
0.2M sh
NAV per share
$29.42
52W range
low $14.90high $34.79

The ETF.net WEBL Grade

B

55/ 100

Rank 11 of 31 in 3x Leveraged Long⁠

Confidence Medium

Six-pillar profile for WEBL. Scores out of 100: Cost 73, Risk 34, Mission not scored, Tradability 50, Holdings not scored, Durability 35. Strongest: Cost (73). Weakest: Risk (34). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 73
    Category rank12/31 · top 39%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 34
    Category rank24/30 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 50
    Category rank16/31 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 35
    Category rank23/31 · mid-pack

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on WEBL

ETF.net Research

BMost 3x funds crank up the Dow or the Nasdaq. WEBL aims at a narrower target: 300% of the daily move of the Dow Jones Internet Composite, a basket of US internet names. Direxion has run it since 2019.

Stated mandate

The fund seeks daily investment results equal to 300% of the performance of the Dow Jones Internet Composite Index, before fees and expenses.

Why people hold it

  1. 01Charges 0.96%, under the 1.04% median for leveraged bull funds, and stands in the upper tier of that roughly 100-fund crowd.
  2. 02The mandate is mechanical: 300% of the Dow Jones Internet Composite Index's daily performance, before fees and expenses. No stock picking, no manager discretion.direxion.com
  3. 03Internet-specific at 3x, roughly 50 stocks, rather than a Nasdaq-100 or broad-index wrapper like most of its leveraged peers. Trading since 2019.

Worth knowing

  1. 01Leverage resets every day. Hold longer and each day compounds on the last, so a multi-day result can land well away from 3x the index's move over that stretch.direxion.com
  2. 02A narrow internet basket magnified threefold moves hard in both directions, and with roughly 50 names, single-company news carries real weight.
  3. 03Smaller asset base and only moderate trading next to the biggest 3x funds, so spreads and order sizing matter. Distributions land annually or semiannually.

WEBL Holdings

As of Sep 22, 2026, 10:02 PM
Asset class
Stocks
Holdings
48
Top-10 weight
89%
Largest holding
DJINET SWAP ASSET LEG (DJINETJPL)29.4%

Sectors

  • Technology46.8%
  • Consumer Discr.25.7%
  • Communication22.7%
  • Financials2.1%
  • Health Care1.6%
  • Industrials1.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—DJINET SWAP ASSET LEG (DJINETJPL)29.41%68,878$94M1
002—DJINET SWAP ASSET LEG (DJINETUBL)26.98%63,185$86M1
003—DJINET SWAP ASSET LEG (DJINETMLL)10.87%25,446$35M1
004—DREYFUS GOVT CASH MAN INS5.75%18,331,264$18M108
005—DJINET SWAP ASSET LEG (DJINETCTL)5.31%12,446$17M1
006—GOLDMAN FINL SQ TRSRY INST 5063.91%12,463,899$12M100
007METAMETA PLATFORMS INC-CLASS A1.96%8,407$6M683
008AMZNAMAZON.COM INC1.77%21,774$6M720
009CSCOCISCO SYSTEMS INC1.53%43,725$5M567
010NFLXNETFLIX INC1.05%45,491$3M493
011GOOGLALPHABET INC-CL A1.03%9,211$3M704
012ANETARISTA NETWORKS INC0.83%12,818$3M490
013GOOGALPHABET INC-CL C0.82%7,461$3M471
014CRMSALESFORCE INC0.75%10,129$2M457
015BKNGBOOKING HOLDINGS INC0.75%14,102$2M432

Showing 1–15 of 47 holdings

WEBL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

WEBL$8,610
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. WEBL $8,610. SPY $11,723. Use the arrow keys to read each point.$3,787$8,070$12,352Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for WEBL. Periods over one year show the average yearly return.
PeriodWEBL
Year to date+9.4%
1 month+5.4%
3 months+36.5%
1 year−13.9%
3 years+44.4%per year
5 years−18.6%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for WEBL
YearReturn barWEBL
2026 YTD+9.4%
2025+2.4%
2024+76.8%
2023+165.5%
2022−91.0%
2021+2.9%
2020+132.6%

WEBL in the news

ETF.net Research hasn’t filed on WEBL yet — coverage lands here as it’s written.

WEBL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.15%Last 12 months
Payout per share
$0.05Last 12 months
Upcoming payment
$0.0041 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2019–2026

One bar per payment. 8 payments from 2019 to 2026 YTD. Dec 23, 2019 $0.02; Dec 9, 2021 $3.05; Jun 21, 2023 $0.00011; Mar 25, 2025 $0.02; Jun 24, 2025 $0.04; Mar 24, 2026 $0.0082; Jun 23, 2026 $0.03; Sep 22, 2026 $0.0041. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Pays Sep 29, 2026$0.0041
Jun 23, 2026Jun 30, 2026$0.03
Mar 24, 2026Mar 31, 2026$0.0082
Jun 24, 2025Jul 1, 2025$0.04
Mar 25, 2025Apr 1, 2025$0.02
Jun 21, 2023Jun 28, 2023$0.00011
Dec 9, 2021Dec 16, 2021$3.05
Dec 23, 2019Dec 31, 2019$0.02

WEBL Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
62.2%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.70
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−94.2%
Trough Dec 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
4.11
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

WEBL Cost

Expense ratio0.96%
  • The middle half of 3x Leveraged Long funds
  • Median 0.98%

6 of the 30 3x Leveraged Long funds charge less.

WEBL costs $96.00 a year on $10,000. The median 3x Leveraged Long fund costs $98.50.