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SRTY vs WEBS

ProShares UltraPro Short Russell2000

SRTYANYSE Arca

Direxion Daily Dow Jones Internet Bear 3X ETF

WEBSFNYSE Arca

Overlap

Expense ratio

SRTY −0.12pt a year

SRTY0.95%WEBS1.07%

Avg volume · 30D

SRTY 33.1×the volume

SRTY1.6MWEBS48.5K

5Y return · a year

SRTY +2.9pt

SRTY−29.0%WEBS−31.9%

SRTY vs WEBS Performance

Oct 29, 2021 – Oct 30, 2026

−82.0%SRTY−85.4%WEBS

Oct 29, 2021 to Oct 30, 2026. SRTY −82.0%. WEBS −85.4%. Use the arrow keys to read each point.0%100%200%300%Oct 2021Apr 2024Oct 2026
Expense ratio
SRTY 0.95%, better
WEBS 1.07%
Fund size
SRTY $68M
WEBS $7M
1Y total return
SRTY −37.4%
WEBS +5.6%, better
Yield (12M)
SRTY 5.87%, better
WEBS 3.27%
Holdings
SRTY 5
WEBS 4
Avg volume (30D)
SRTY 1.6M sh, better
WEBS 48.5K sh
NAV per share
SRTY $26.34
WEBS $16.16
52W range

ETF.net Grade

SRTY: Cost 84, Risk 53, Mission 83, Tradability 70, Holdings not scored, Durability 56. WEBS: Cost 5, Risk 59, Mission not scored, Tradability 24, Holdings not scored, Durability 19.
Pillar letters and Scores for SRTY, WEBS, with each pillar’s weight
PillarSRTYWEBS
Cost30% weightA84HigherF5
Mission25% weightA83Not scored
Risk15% weightC53B59Higher
Tradability15% weightA70HigherF24
Holdings10% weightNot scoredNot scored
Durability5% weightB56HigherF19

Rank among 3x Leveraged Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SRTY and WEBS are both graded against the same 14 3x Leveraged Inverse funds, so their Grades compare head to head.

3x Leveraged Inverse⁠

Category · 14 funds
See all 14 ›

SRTY ranks 3rd and WEBS 13th of 14 funds in the 3x Leveraged Inverse Category.

  1. Rank 1ASQQQProShares UltraPro Short QQQScore 83
  2. Rank 2ASDOWProShares UltraPro Short Dow30Score 78
  3. Rank 3ASRTYProShares UltraPro Short Russell2000Score 71
  4. Rank 4BTZADirexion Daily Small Cap Bear 3X ETFScore 61
  5. Rank 12FHIBSDirexion Daily S&P 500 High Beta Bear 3X ETFScore 23
  6. Rank 13FWEBSDirexion Daily Dow Jones Internet Bear 3X ETFScore 22
  7. Rank 14FLABDDirexion Daily S&P Biotech Bear 3X ETFScore 19

Our read on each fund

ETF.net Research

SRTYAProShares UltraPro Short Russell2000

WEBSFDirexion Daily Dow Jones Internet Bear 3X ETF

In short

SRTY A one-day instrument by design: SRTY aims for three times the inverse of the Russell 2000's daily move, and it has been the ProShares small-cap bear since 2010.

WEBS Most triple-inverse ETFs short the whole market. WEBS aims at 3x the inverse of one day's move in a 40-stock Dow Jones internet index, at 1.07% net of a waiver through September 1, 2027.

Stated mandate

SRTY SRTY seeks daily investment results, before fees and expenses, equal to three times the inverse daily performance of the Russell 2000 Index.

WEBS 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

  • SRTY 0.95% net of a waiver through September 30, 2027 (1.10% gross), which undercuts TZA at 0.99%, the only other 3x small-cap bear in the peer set, and sits below the category median.
  • The mechanism is plain: three times the inverse of the Russell 2000's daily performance, reset each day. That index covers roughly 2,000 of the smallest names in the Russell 3000.proshares.comfidelity.com
  • Listed since 2010 and actively traded, it rates as one of the stronger implementations in its bear-3x peer group.
  • WEBS Targets 3x the inverse of one day's move in the Dow Jones Internet Composite: 40 big US internet names, not the broad benchmarks most bears in this group short.spindices.com
  • Exposure resets daily, so each session starts back near the stated 3x inverse rather than drifting with an aging position.
  • Trading since 2019, from Direxion, which also runs other triple-inverse funds in this category including TZA and SOXS.

Worth knowing

  • SRTY Daily reset means compounding. Hold past a single day and results can diverge widely from 3x the index's move over that stretch, especially through choppy markets.proshares.com
  • The fee steps toward the 1.10% gross rate if the waiver is not extended past September 30, 2027.
  • Small caps are the jumpier end of US equity, and a 3x inverse multiplies that daily swing in both directions.fidelity.com
  • WEBS The 3x target applies to one day. Over longer holds, daily compounding in a choppy index can push results far from 3x the index move, in either direction.
  • 1.07% net of a waiver through September 1, 2027 (1.23% gross): above SQQQ's 0.94% and SRTY's 0.95% net of a waiver through September 30, 2027, but near the category median.
  • Sits at the smaller, moderately traded end of its 14-fund category, so spreads and order size matter more here than with the headline index bears.

Full SRTY profile⁠

Full WEBS profile⁠

SRTY vs WEBS Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SRTY vs WEBS Cost

Overpaying WEBS vs SRTY

$1,946

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

  • SRTY 0.95%

    $17,869

  • WEBS 1.07%

    $19,815

$10,000
30 years

Cost over time

  • SRTY 0.95%
  • WEBS 1.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WEBS $19,815SRTY $17,869

Year by year

YearSRTYWEBSOverpaying
10$1,678$1,881$203
20$6,322$7,046$724
30$17,869$19,815$1,946

Expense ratio

  • 0.95%SRTY, cheaper
  • 1.07%WEBS
  • Middle half of 3x Leveraged Inverse funds
  • Median 1.02%

SRTY 2nd cheapest of 14 funds

WEBS 13th cheapest of 14 funds

SRTY vs WEBS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SRTY 5.87%, better
WEBS 3.27%
Payout (12M)
SRTY $1.55
WEBS $0.58
Last payment
SRTY $0.27
WEBS $0.19
Ex-dividend
SRTY Sep 23, 2026
WEBS Sep 22, 2026
Paid on
SRTY Sep 29, 2026
WEBS Sep 29, 2026
Frequency
SRTY Quarterly
WEBS Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

SRTYQuarterly · 10 paymentsAll SRTY payments⁠
One bar per payment. 10 payments from 2019 to 2026 YTD. Mar 20, 2024 $1.50; Jun 26, 2024 $1.99; Dec 23, 2024 $1.80; Mar 26, 2025 $0.89; Jun 25, 2025 $0.68; Sep 24, 2025 $0.63; Dec 24, 2025 $0.72; Mar 25, 2026 $0.27; Jun 24, 2026 $0.29; Sep 23, 2026 $0.27. Use the arrow keys to read each point.$0$2.50202020232026YTD
WEBSQuarterly · 19 paymentsAll WEBS payments⁠
One bar per payment. 19 payments from 2019 to 2026 YTD. Dec 23, 2019 $2.54; Mar 24, 2020 $3.15; Sep 20, 2022 $0.13; Dec 20, 2022 $0.62; Mar 21, 2023 $1.88; Jun 21, 2023 $2.06; Sep 19, 2023 $1.62; Dec 21, 2023 $1.70; Mar 19, 2024 $0.80; Jun 25, 2024 $0.89; Sep 24, 2024 $0.70; Dec 23, 2024 $0.42; Mar 25, 2025 $0.22; Jun 24, 2025 $0.22; Sep 23, 2025 $0.15; Dec 23, 2025 $0.17; Mar 24, 2026 $0.12; Jun 23, 2026 $0.11; Sep 22, 2026 $0.19. Use the arrow keys to read each point.$0$2.50202020232026YTD

SRTY vs WEBS Risk

Fall from peak · 5 years

  • SRTY
  • WEBS
Oct 29, 2021 to Oct 30, 2026. Worst fall: WEBS −97.5% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
SRTY 54.0%, betterWEBS 57.3%
Return per unit of riskSharpe ratio, 3 years
SRTY −1.04WEBS −0.95, better
Worst fallMax drawdown, 5 years
SRTY −92.8%, betterWEBS −97.5%
Market sensitivityBeta, 5 years
SRTY −3.24WEBS −3.47

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