Direxion Daily Dow Jones Internet Bear 3X ETF
$13.90+0.33 (+2.39%)
- Expense ratio
- 1.23%
- Fund size
- $7M
- 1Y return
- −18.0%
- Yield · Last 12 months
- 5.39%
- Holdings
- 7
- Volume · 30D
- 0.1M sh
- NAV per share
- $14.14
- 52W range
The ETF.net WEBS Grade
Score 25 of 100 sits in the D 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.FScore 16Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 57Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 15Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 19Category rank
Our read on WEBS
DA scalpel, not a hammer: WEBS targets 300% of the inverse of the Dow Jones Internet Composite for a single day, letting traders lean against big-cap internet names instead of shorting the whole Nasdaq.
The fund seeks daily investment results equal to 300% of the inverse performance of the Dow Jones Internet Composite Index, before fees and expenses.
Why people hold it
- Sector-specific bear exposure: it aims at the inverse of an index of large US internet companies, not a broad tech benchmark, so the trade lands where you aim it.direxion.com
- Direxion runs it as a matched pair with a bull fund on the same index, so you can flip sides without switching benchmarks. Trading since 2019.direxion.com
- At 1.23% a year it sits close to the median expense ratio for leveraged and inverse funds, and it changes hands with moderate volume.
Worth knowing
- The -3x objective applies to a single day. Daily rebalancing means longer holds depend on the index path, and choppy markets can grind value down.direxion.com
- A rising internet index produces magnified losses here, and Direxion says funds like this need daily monitoring rather than set-and-forget holding.direxion.com
- Broader shorts like PSQ cost less and move 1x. WEBS is the sharper, pricier instrument, and it sits in the lower half of its leveraged and inverse peer group.
WEBS Holdings
- Other
- 7
- 171%
- DJINET SWAP ASSET LEG (DJINETCTS)
WEBS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | WEBS |
|---|---|
| Year to date | −31.1% |
| 1 month | −7.6% |
| 3 months | −33.1% |
| 1 year | −18.0% |
| 3 years | −52.5% |
| 5 years | −36.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | WEBS |
|---|---|---|
| 2026 YTD | −31.1% | |
| 2025 | −40.6% | |
| 2024 | −56.6% | |
| 2023 | −75.6% | |
| 2022 | +117.2% | |
| 2021 | −39.8% | |
| 2020 | −87.2% |
WEBS in the news
ETF.net Research hasn’t filed on WEBS yet — coverage lands here as it’s written.
WEBS Dividends
- 5.39%
- $0.73
- $0.19 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2026 | Pays Sep 29, 2026 | $0.19 |
| Jun 23, 2026 | Jun 30, 2026 | $0.11 |
| Mar 24, 2026 | Mar 31, 2026 | $0.12 |
| Dec 23, 2025 | Dec 31, 2025 | $0.17 |
| Sep 23, 2025 | Sep 30, 2025 | $0.15 |
| Jun 24, 2025 | Jul 1, 2025 | $0.22 |
| Mar 25, 2025 | Apr 1, 2025 | $0.22 |
| Dec 23, 2024 | Dec 31, 2024 | $0.42 |
| Sep 24, 2024 | Oct 1, 2024 | $0.70 |
| Jun 25, 2024 | Jul 2, 2024 | $0.89 |
| Mar 19, 2024 | Mar 26, 2024 | $0.80 |
| Dec 21, 2023 | Dec 29, 2023 | $1.70 |
WEBS 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.
- 57.2%
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.
- −0.93
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.
- −97.4%
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.
- −3.46
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
WEBS Cost
- The middle half of 3x Leveraged Inverse funds
- Median 1.05%
11 of the 14 3x Leveraged Inverse funds charge less.