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Direxion Daily S&P Biotech Bear 3x Shares (LABD)

ETF · Currency in USD
ISIN
US25490K7458
CUSIP
25490K745
Issuer
Direxion
Inception Date
May 28, 2015
Region
North America (U.S.)
Category
Leveraged Equities
Leveraged
3x
Expense Ratio
1.06%
Index Tracked
S&P Biotechnology Select Industry Index (-300%)
ETF Home Page
www.direxion.com
Asset Class
Equity

Asset Class Size

Multi-Cap

Asset Class Style

Growth

LABDPrice Chart


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LABDPerformance

The chart shows the growth of $10,000 invested in Direxion Daily S&P Biotech Bear 3x Shares on May 29, 2015 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $32 for a total return of roughly -99.68%. All prices are adjusted for splits and dividends.


LABD (Direxion Daily S&P Biotech Bear 3x Shares)
Benchmark (S&P 500)

LABDReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M14.83%0.43%
6M7.94%9.37%
YTD-0.44%22.33%
1Y-30.94%26.59%
5Y-60.99%15.74%
10Y-58.74%12.63%

LABDMonthly Returns Heatmap


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LABDSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Direxion Daily S&P Biotech Bear 3x Shares Sharpe ratio is -0.34. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


LABD (Direxion Daily S&P Biotech Bear 3x Shares)
Benchmark (S&P 500)

LABDDividends

Direxion Daily S&P Biotech Bear 3x Shares granted a 0.00% dividend yield in the last twelve months, as of Nov 27, 2021. The annual payout for that period amounted to $0.00 per share.


PeriodTTM202020192018201720162015
Dividend$0.00$1.00$4.32$6.82$0.00$0.00$0.00

Dividend yield

0.00%3.96%1.75%0.80%0.00%0.00%0.00%

LABDDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


LABD (Direxion Daily S&P Biotech Bear 3x Shares)
Benchmark (S&P 500)

LABDWorst Drawdowns

The table below shows the maximum drawdowns of the Direxion Daily S&P Biotech Bear 3x Shares. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Direxion Daily S&P Biotech Bear 3x Shares is 99.93%, recorded on Feb 8, 2021. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-99.93%Feb 12, 20161256Feb 8, 2021
-53.76%Sep 30, 201563Dec 29, 201513Jan 19, 201676
-41.58%Aug 25, 201517Sep 17, 20157Sep 28, 201524
-39.32%May 29, 201535Jul 17, 201524Aug 20, 201559
-14.71%Jan 20, 20163Jan 22, 20163Jan 27, 20166
-8.21%Jan 29, 20162Feb 1, 20161Feb 2, 20163
-6.75%Feb 3, 20162Feb 4, 20161Feb 5, 20163
-1.53%Feb 9, 20162Feb 10, 20161Feb 11, 20163
-0.27%Aug 21, 20151Aug 21, 20151Aug 24, 20152

LABDVolatility Chart

Current Direxion Daily S&P Biotech Bear 3x Shares volatility is 57.55%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


LABD (Direxion Daily S&P Biotech Bear 3x Shares)
Benchmark (S&P 500)

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