WEBL
Direxion Daily Dow Jones Internet Bull 3X Shares
WEBL provides 3x leveraged daily exposure to a market-cap-weighted index of the largest and most liquid U.S. Internet companies.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
152.7 M
ASSETS UNDER MGMT
101 bp
EXPENSES
Fund Basics
| Fund sponsor | Rafferty Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 07, 2019 |
| Assets (mns) | $153 |
| Expense ratio | 101 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 08/29/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.5% | 89.6% | 59.7% | 47.6% | -11.4% | -- | -- | 4.4% |
| Dividend Yield | 0.2% | 0.3% | 0.1% | 0.1% | 0.8% | -- | -- | 0.8% |
| Total Returns | 17.7% | 89.9% | 59.9% | 47.7% | -10.6% | -- | -- | 5.2% | Ann. Volatility | 81.9% | 74.2% | 66.9% | 75.3% | 83.6% | -- | -- | 85.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.43 | 61% |
| MSCI EAFE | 1.62 | 16% |
| MSCI Emg Mkts | 1.72 | 19% |
Liquidity Measures
| Avg. volume (000) | 167 |
| ADV traded (mns) | $5 |
| Turnover | 3.4% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| Recent close | $31.49 |
| 30d moving avg. | $30.11 |
| Annualized volatility | 66.8% |
| Relative strength (RSI) | 58 |
| Short interest | 3.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| WEBL (101 bp) Percentile rank | 95 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| WEBL | 101.0 | 9.5 | 110.5 |
| Peer Avg. | 48.9 | 19.6 | 68.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .