Skip to content
etf.net

Launched · SEC filings

Direxion Daily Dow Jones Internet Bull 3X Shares

WEBLNYSE ArcaDirexionCThis 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.

$20.96−0.74 (−3.41%)

At close: Nov 2, 2026, 4:00 PM ET

C47/ 100

Rank 14 of 31 in 3x Leveraged Long

C47/100Rank 14 of 31in3x Leveraged Long
Intraday session: down, 79 prints from 21.70 to 20.96. Range 20.90 to 22.39. Use the arrow keys to read each point.21.2521.5022.0022.2510 AM12 PM2 PM4 PM
Expense ratio
0.96%
Fund size
$74M
1Y total return
−34.2%
Yield · Last 12 months
0.21%
Holdings
47
Avg volume · 30D
194K sh
52W range
low $14.90high $34.12
Launched
Filings
SEC EDGAR

The ETF.net WEBL Grade

Based on 4 of 6 pillars

C

Score 47 out of 100

Category
3x Leveraged Long⁠
Rank
14 of 31
Six-pillar profile for WEBL. Scores out of 100: Cost 62, Risk 31, Mission not scored, Tradability 41, Holdings not scored, Durability 32. Strongest: Cost (62). Weakest: Risk (31). Based on 4 of 6 pillars.

Score 47 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B62 out of 100
    Rank 9 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D31 out of 100
    Rank 27 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 18 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D32 out of 100
    Rank 26 of 31

Our read on WEBL

ETF.net Research

In short

CMost 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

  • Charges 0.96%, under the 1.04% median for leveraged bull funds, and stands in the upper tier of that roughly 100-fund crowd.
  • The 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
  • Internet-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

  • Leverage 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
  • A narrow internet basket magnified threefold moves hard in both directions, and with roughly 50 names, single-company news carries real weight.
  • Smaller asset base and only moderate trading next to the biggest 3x funds, so spreads and order sizing matter. Distributions land annually or semiannually.

WEBL Performance

Launched Nov 7, 2019

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

Not enough history yet.
WEBL$6,580
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. WEBL $6,580. SPY $11,199. Use the arrow keys to read each point.$5,000$7,500$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−20.5%
1 month−23.3%
3 months−13.9%
1 year−34.2%
3 yearsper year+36.3%
5 yearsper year−23.5%
10 yearsFund is under 10 years oldper yearNo data

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−20.5%
2025+2.4%

WEBL in the news

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 Oct 30, 2026.
0.21%Last 12 months
Payout per share
$0.05Last 12 months
Last payment
$0.0041 per share
Paid 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, 2026Sep 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

$10,000 in WEBL 5 years ago paid $348 in dividends.

WEBL Risk

Risk pillarD31 out of 100Rank 27 of 30 in 3x Leveraged Long

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 Oct 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.
0.73
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

WEBL Cost

Compare WEBL and SOXL

Overpaying vs SOXL, cheapest in 3x Leveraged Long

$3,552

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • WEBL 0.96%

    $18,034

  • SOXL 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • WEBL 0.96%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WEBL $18,034SOXL $14,482

Year by year

YearWEBLSOXLOverpaying
10$1,695$1,336$359
20$6,383$5,078$1,305
30$18,034$14,482$3,552

Other funds in 3x Leveraged Long

See others