Skip to content
etf.net

UDOW vs WEBL

ProShares UltraPro Dow30

UDOWANYSE Arca

Direxion Daily Dow Jones Internet Bull 3X Shares

WEBLCNYSE Arca

Overlap

Expense ratio

UDOW −0.02pt a year

UDOW0.94%WEBL0.96%

Avg volume · 30D

UDOW 8.9×the volume

UDOW1.72MWEBL194K

5Y return · a year

UDOW +34.2pt

UDOW+10.7%WEBL−23.5%

UDOW vs WEBL Performance

Oct 29, 2021 – Oct 30, 2026

+66.5%UDOW−73.8%WEBL

Oct 29, 2021 to Oct 30, 2026. UDOW +66.5%. WEBL −73.8%. Use the arrow keys to read each point.−100%−50%0%100%Oct 2021Apr 2024Oct 2026
Expense ratio
UDOW 0.94%, better
WEBL 0.96%
Fund size
UDOW $841M
WEBL $74M
1Y total return
UDOW +16.0%, better
WEBL −34.2%
Yield (12M)
UDOW 1.06%, better
WEBL 0.21%
Holdings
UDOW 33
WEBL 47
Avg volume (30D)
UDOW 1.72M sh, better
WEBL 194K sh
NAV per share
UDOW $65.43
WEBL $24.21
52W range

ETF.net Grade

UDOW: Cost 78, Risk 85, Mission 77, Tradability 89, Holdings 56, Durability 71. WEBL: Cost 62, Risk 31, Mission not scored, Tradability 41, Holdings not scored, Durability 32.
Pillar letters and Scores for UDOW, WEBL, with each pillar’s weight
PillarUDOWWEBL
Cost30% weightA78HigherB62
Mission25% weightA77Not scored
Risk15% weightA85HigherD31
Tradability15% weightA89HigherC41
Holdings10% weightB56Not scored
Durability5% weightA71HigherD32

Rank among 3x Leveraged Long funds

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

Same Category. UDOW and WEBL are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

UDOW ranks 2nd and WEBL 14th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 12CRETLDirexion Daily Retail Bull 3X SharesScore 51
  5. Rank 14CWEBLDirexion Daily Dow Jones Internet Bull 3X SharesScore 47
  6. Rank 15CUTSLDirexion Daily Utilities Bull 3X ETFScore 46

Our read on each fund

ETF.net Research

UDOWAProShares UltraPro Dow30

WEBLCDirexion Daily Dow Jones Internet Bull 3X Shares

In short

UDOW The only 3x daily play on the Dow: 30 blue-chip names, price-weighted, reset every session. It is the industrial cousin of the semis-and-Nasdaq crowd that fills the leveraged aisle, and it has run since 2010.

WEBL Most 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

UDOW The Fund seeks daily results equal to three times the daily performance of the Dow Jones Industrial Average before fees and expenses. It uses equity securities, derivatives, and money-market instruments to pursue that daily leveraged exposure.

WEBL 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

  • UDOW ProShares calls UDOW the only ETF targeting 3x the daily move of the Dow. In a 3x aisle crowded with semiconductor and Nasdaq bets, the blue-chip index has exactly one lever.proshares.com
  • The Dow is a price-weighted measure of 30 US blue chips, so the exposure leans industrials, financials and health care instead of megacap tech.spglobal.com
  • Trading since 2010, it has run through several full market cycles and stays actively traded, which matters when the holding period is hours rather than years.
  • Among the stronger implementations in its 3x bull peer group, it stays close to its stated daily target and trades with the depth short-horizon traders look for.
  • WEBL 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

  • UDOW The 3x target resets every day. Over longer stretches, compounding and volatility can push results away from 3x the index move, as the prospectus spells out.proshares.com
  • At 0.94% with no waiver propping it up, cost sits near the typical 3x bull fund; TQQQ charges 0.78% net of a waiver through September 30, 2027.
  • Exposure is built with derivatives and cash instruments alongside stocks, so counterparty and derivative risk ride along with the market call.proshares.com
  • WEBL 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.

Full UDOW profile⁠

Full WEBL profile⁠

UDOW vs WEBL 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.

UDOW vs WEBL Cost

Overpaying WEBL vs UDOW

$330

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

  • UDOW 0.94%

    $17,704

  • WEBL 0.96%

    $18,034

$10,000
30 years

Cost over time

  • UDOW 0.94%
  • WEBL 0.96%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530WEBL $18,034UDOW $17,704

Year by year

YearUDOWWEBLOverpaying
10$1,661$1,695$34
20$6,260$6,383$123
30$17,704$18,034$330

Expense ratio

  • 0.94%UDOW, cheaper
  • 0.96%WEBL
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

UDOW 7th cheapest of 30 funds

WEBL 11th cheapest of 30 funds

UDOW vs WEBL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
UDOW 1.06%, better
WEBL 0.21%
Payout (12M)
UDOW $0.69
WEBL $0.05
Last payment
UDOW $0.15
WEBL $0.0041
Ex-dividend
UDOW Sep 23, 2026
WEBL Sep 22, 2026
Paid on
UDOW Sep 29, 2026
WEBL Sep 29, 2026
Frequency
UDOW Quarterly
WEBL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

UDOWQuarterly · 15 paymentsAll UDOW payments⁠
One bar per payment. 15 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.007; Dec 26, 2017 $0.02; Dec 24, 2019 $0.07; Dec 23, 2020 $0.03; Dec 22, 2022 $0.09; Mar 20, 2024 $0.07; Jun 26, 2024 $0.16; Dec 23, 2024 $0.07; Mar 26, 2025 $0.16; Jun 25, 2025 $0.22; Sep 24, 2025 $0.23; Dec 24, 2025 $0.20; Mar 25, 2026 $0.14; Jun 24, 2026 $0.21; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$2.502017202020232026YTD
WEBLQuarterly · 8 paymentsAll WEBL payments⁠
One bar per payment. 8 payments from 2017 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.$0$2.502017202020232026YTD

UDOW vs WEBL Risk

Fall from peak · 5 years

  • UDOW
  • WEBL
Oct 29, 2021 to Oct 30, 2026. Worst fall: WEBL −94.2% · Dec 2022. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
UDOW 37.2%, betterWEBL 62.2%
Return per unit of riskSharpe ratio, 3 years
UDOW 0.95, betterWEBL 0.73
Worst fallMax drawdown, 5 years
UDOW −56.0%, betterWEBL −94.2%
Market sensitivityBeta, 5 years
UDOW 2.62WEBL 4.11

Popular comparisons

  • UDOWAvsTQQQA

    ProShares UltraPro Dow30 · ProShares UltraPro QQQ

    Expense ratio
    0.94% · 0.78%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • WEBLCvsTQQQA

    Direxion Daily Dow Jones Internet Bull 3X Shares · ProShares UltraPro QQQ

    Expense ratio
    0.96% · 0.78%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UDOWAvsFASA

    ProShares UltraPro Dow30 · Direxion Daily Financial Bull 3X ETF

    Expense ratio
    0.94% · 0.88%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • WEBLCvsFASA

    Direxion Daily Dow Jones Internet Bull 3X Shares · Direxion Daily Financial Bull 3X ETF

    Expense ratio
    0.96% · 0.88%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UDOWAvsSOXLA

    ProShares UltraPro Dow30 · Direxion Daily Semiconductor Bull 3X ETF

    Expense ratio
    0.94% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • WEBLCvsSOXLA

    Direxion Daily Dow Jones Internet Bull 3X Shares · Direxion Daily Semiconductor Bull 3X ETF

    Expense ratio
    0.96% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.