Direxion Daily Dow Jones Internet Bull 3X Shares

Frequently Asked Questions About WEBL

What does WEBL invest in?

WEBL is passively managed to provide 3x leveraged daily exposure to the Dow Jones Internet Composite Index. The index is composed of the 40 largest and most actively traded U.S. internet technology and commerce companies. Companies selected are determined by the Index Provider to derive a majority of their sales from activities such as online retail, social media, advertising, travel platforms, cloud computing or digital marketing. Because of daily rebalancing and the compounding over time, the return of the Fund for periods longer than a day, will very likely differ from 300% of the return of the Index over the same period. Effective February 27, 2026, the fund replaced the term Shares in its name with ETF.

What is the expense ratio of WEBL?

Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) charges an expense ratio of 0.96%. This is the annual fee deducted from fund assets to cover management and operations.

Is WEBL a good long-term hold?

WEBL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does WEBL's daily reset work?

WEBL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is WEBL?

Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) manages $88.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is WEBL actively managed or an index fund?

WEBL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.