ETF Report: Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL)

WEBL is a leveraged ETF designed to provide three times (3X) the daily return of the Dow Jones Internet Index. This means it is built for investors who want a high-intensity way to bet on the growth of internet companies.

What this ETF is trying to do

WEBL seeks to amplify the daily movements of internet-based stocks. Because it is a "Bull" fund, it is designed to go up when the internet sector goes up, but it does so with three times the leverage. This makes it a high-risk tool typically used for short-term trading rather than long-term investing.

What the numbers show

The performance of WEBL varies significantly depending on the time frame:

• Year-to-Date (YTD): The price return is 17.14%, and the total return is 17.41%.

• One Year: The price return is -4.84%, and the total return is -4.62%.

• Three Year: The price return is 207.58%, and the total return is 209.10%.

• Five Year: The total return is -58.41%.

The current price is $32.05. An estimated price from roughly one year ago was $33.68.

Income and Distribution Explanation

WEBL is not designed as a primary income fund. It has a distribution yield of approximately 0.15%. Over the last 12 months, it has made 3 payments, which are described as irregular or less frequent.

It is important to remember that a distribution yield is not the same as total return. In this case, the yield is very low, meaning most of the fund's movement comes from the share price rather than cash payments.

NAV Erosion Explanation

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Based on price-based evidence, the fund has an erosion-risk score of 94, which is labeled as "Stable / sideways" with "good" severity. There is no severe erosion-risk flag for this ETF.

Top Holdings

The fund uses swaps and cash to achieve its 3X leverage. As of October 12, 2026, the top holdings (partial list) include:

• DJINET Swap Asset Leg: 76.34%

• Dreyfus Govt Cash Man Ins: 8.13%

• Goldman Finl Sq Trsry Inst 506: 4.61%

• Amazon.com Inc: 1.92%

• Meta Platforms Inc Class A: 1.91%

Pros

• High Growth Potential: The three-year total return of 209.10% shows the potential for massive gains when the internet sector performs well.

• Leverage: Provides a way to get more exposure to the internet sector without needing more capital.

Cons

• High Volatility: The five-year total return of -58.41% highlights the risk of significant losses.

• Not for Income: The distribution yield is very low (0.15%).

Beginner Takeaway

WEBL is a powerful, leveraged tool for those who believe internet stocks will rise quickly. However, leverage works both ways; it can magnify gains, but it can also magnify losses. It is not a traditional "buy and hold" investment for most beginners.