Direxion Daily Dow Jones Internet Bear 3X ETF

Frequently Asked Questions About WEBS

What does WEBS invest in?

This fund is designed to deliver daily investment returns mirroring three times the inverse (opposite) performance of the Dow Jones Internet Composite Index, calculated before any fees and expenses. However, there is no assurance that the fund will successfully achieve its specified daily investment goal.

What is the expense ratio of WEBS?

Direxion Daily Dow Jones Internet Bear 3X ETF (WEBS) charges an expense ratio of 1.23%. This is the annual fee deducted from fund assets to cover management and operations.

Is WEBS a good long-term hold?

WEBS 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 WEBS's daily reset work?

WEBS 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 WEBS?

Direxion Daily Dow Jones Internet Bear 3X ETF (WEBS) manages $8.6M 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 WEBS actively managed or an index fund?

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