Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS) Performance
WEBS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −22.7% since Dec 31, 2025
- 1 year
- −13.4% total return
- 5 years
- −34.2% a year
- Since first price
- −50.9% a year since 2019
WEBS trailing returns vs SPY, QQQ, AGG
| Period | WEBS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +8.5% | +8.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −25.8% | −26.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −26.2% | −27.6% | +7.8% | +8.4% | −1.5% |
| YTD | −22.7% | −24.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −13.4% | −16.2% | +14.4% | +15.9% | −1.1% |
| 3 years | −88.7%−51.7%/yr | −90.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −87.7%−34.2%/yr | −89.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 7, 2019 | −99.3%−50.9%/yr | −99.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: WEBS vs SPY
From Nov 7, 2019: WEBS grew to $71, SPY to $27,254.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
WEBS returns by calendar year
1 of 6 full years positive. Best 2022 (+117.2%), worst 2020 (−87.2%). 2026 is year to date.
WEBS annual returns table
| Year | WEBS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −22.7% | −60.8% | +12.3% | +15.1% | −1.0% |
| 2025 | −40.7% | −70.0% | +17.7% | +20.8% | +7.2% |
| 2024 | −56.6% | −67.3% | +24.9% | +25.6% | +1.3% |
| 2023 | −75.6% | −77.2% | +26.2% | +54.9% | +5.7% |
| 2022 | +117.2% | −58.8% | −18.2% | −32.6% | −13.0% |
| 2021 | −39.8% | −55.7% | +28.7% | +27.4% | −1.8% |
| 2020 | −87.2% | −94.7% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
WEBS largest drawdowns
Now 99.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 16, 2020 | −99.7% | Oct 9, 2026 | not yet | 6.6 years | 6.6 years so far |
| Nov 14, 2019 | −37.7% | Feb 20, 2020 | Mar 9, 2020 | 3 months | 4 months |
| Mar 12, 2020 | −23.9% | Mar 13, 2020 | Mar 16, 2020 | 1 days | 4 days |
| Mar 9, 2020 | −11.3% | Mar 10, 2020 | Mar 11, 2020 | 1 days | 2 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
WEBS risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | −51.5% | −36.5% | −51.2% |
| Volatility (annualized) | 55.5% | 67.3% | 65.2% |
| Sharpe ratio | -1.06 | -0.39 | -0.78 |
| Sortino ratio | -1.23 | -0.54 | -0.98 |
| Best month | +31.1% | +61.1% | +61.1% |
| Worst month | −30.8% | −35.4% | −47.5% |
| Best 12 months | −3.8% | +166.5% | +238.7% |
| Worst 12 months | −69.5% | −75.6% | −90.5% |
| Positive months | 36% | 45% | 40% |
| Beta vs S&P 500 | -3.42 | -3.46 | — |
| Correlation with S&P 500 | -0.76 | -0.81 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
WEBS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 72 | −90.5% | −51.7% | +238.7% | 17% |
| 3-year (a year) | 48 | −64.3% | −44.6% | −21.3% | 0% |
| 5-year (a year) | 24 | −56.4% | −42.5% | −31.7% | 0% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
WEBS performance overview
Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS) returned −13.4% over the past year and −34.2% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned −50.9% a year, turning $10,000 into about $71. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.7%, from Mar 16, 2020 to Oct 9, 2026; the fund has not yet regained that high. WEBS finished 1 of its 6 full calendar years with a gain; the best year was 2022 (+117.2%) and the worst 2020 (−87.2%). Volatility has been 65.2% a year.
Related: WEBS chart, WEBS dividends. See the WEBS overview for the latest quote and fund facts.
WEBS performance FAQ
What is the WEBS return over the past year?
WEBS returned −13.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 16.2%.
What is the average annual return of WEBS?
WEBS has returned −34.2% a year over 5 years, −50.9% a year since November 7, 2019 (total return, distributions reinvested).
How much would $10,000 invested in WEBS be worth?
$10,000 invested in WEBS at its first recorded close on November 7, 2019 would be worth about $71 on October 23, 2026 with distributions reinvested.
What was the worst year for WEBS?
The worst calendar year was 2020, with a total return of −87.2%. The best was 2022 at +117.2%.
What is the biggest drawdown of WEBS?
The largest peak-to-trough decline was −99.7% between March 16, 2020 and October 9, 2026. It has not yet recovered to that high; it is 99.6% below its peak.
How volatile is WEBS?
Over the past 3 years WEBS had an annualized volatility of 55.5% and a Sharpe ratio of -1.06 (excess return over 1–3 month T-bills per unit of risk).