Direxion Daily S&P Biotech Bear 3x Shares (LABD)
LABD is a passive ETF by Direxion tracking the investment results of the S&P Biotechnology Select Industry Index (-300%). LABD launched on May 28, 2015 and has a 1.06% expense ratio.
ETF Info
| ISIN | US25490K7458 |
|---|---|
| CUSIP | 25490K745 |
| Issuer | Direxion |
| Inception Date | May 28, 2015 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 3x |
| Index Tracked | S&P Biotechnology Select Industry Index (-300%) |
| Home Page | www.direxion.com |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Growth |
Expense Ratio
LABD has a high expense ratio of 1.06%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily S&P Biotech Bear 3x Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion Daily S&P Biotech Bear 3x Shares had a return of 4.70% year-to-date (YTD) and -33.64% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.70% | 5.57% |
| 1 month | 38.00% | -4.16% |
| 6 months | -61.84% | 20.07% |
| 1 year | -33.64% | 20.82% |
| 5 years (annualized) | -52.47% | 11.56% |
| 10 years (annualized) | N/A | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.51% | -33.30% | 9.90% | |||||||||
| 2023 | 29.95% | -36.65% | -42.47% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LABD is 7, indicating that it is in the bottom 7% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Direxion Daily S&P Biotech Bear 3x Shares(LABD)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily S&P Biotech Bear 3x Shares (LABD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Daily S&P Biotech Bear 3x Shares granted a 4.40% dividend yield in the last twelve months. The annual payout for that period amounted to $0.44 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.59 | $0.09 | $0.00 | $1.00 | $4.33 | $6.83 |
Dividend yield | 4.40% | 6.13% | 0.53% | 0.00% | 3.96% | 1.75% | 0.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily S&P Biotech Bear 3x Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.07 | |||||||||
| 2023 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $1.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $1.13 | $0.00 | $0.00 | $1.75 | $0.00 | $0.00 | $1.17 | $0.00 | $0.00 | $0.28 |
| 2018 | $0.80 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $1.72 | $0.00 | $0.00 | $3.83 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily S&P Biotech Bear 3x Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily S&P Biotech Bear 3x Shares was 99.97%, occurring on Feb 27, 2024. The portfolio has not yet recovered.
The current Direxion Daily S&P Biotech Bear 3x Shares drawdown is 99.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.97% | Feb 12, 2016 | 2023 | Feb 27, 2024 | — | — | — |
| -53.76% | Sep 30, 2015 | 63 | Dec 29, 2015 | 13 | Jan 19, 2016 | 76 |
| -41.58% | Aug 25, 2015 | 17 | Sep 17, 2015 | 7 | Sep 28, 2015 | 24 |
| -39.32% | May 29, 2015 | 35 | Jul 17, 2015 | 24 | Aug 20, 2015 | 59 |
| -14.71% | Jan 20, 2016 | 3 | Jan 22, 2016 | 3 | Jan 27, 2016 | 6 |
Volatility
Volatility Chart
The current Direxion Daily S&P Biotech Bear 3x Shares volatility is 23.24%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.