White loses it color as well. Even at 50 feet white takes on a grey hue. Deeper the depth the white becomes dark blue to black.

Guys tossing white Darts from shore/pier seem to have a better ratio in general.
The depths guys that fish from land tend not to go beyond 50-75 feet usually. Whites still has a better contrast to its enviromet underwater at this depth.

Progressive color loss is not a function of depth but is dependent on the distance light travels through water in any direction. The greater the distance light has to travel through water, the more color will be absorbed.

Also rough seas will reflect more light than calm waters as a result of adding many more reflective surfaces on the edges of the waves.