Direxion Daily S&P Biotech Bull 3x Shares (LABU)
LABU is a passive ETF by Direxion tracking the investment results of the S&P Biotechnology Select Industry Index (300%). LABU launched on May 28, 2015 and has a 1.12% expense ratio.
ETF Info
| ISIN | US25490K3234 |
|---|---|
| CUSIP | 25490K323 |
| 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
LABU has a high expense ratio of 1.12%, 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 Bull 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 Bull 3x Shares had a return of -15.45% year-to-date (YTD) and -16.52% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -15.45% | 6.17% |
| 1 month | -10.49% | -2.72% |
| 6 months | 74.56% | 17.29% |
| 1 year | -16.52% | 23.80% |
| 5 years (annualized) | -36.60% | 11.47% |
| 10 years (annualized) | N/A | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -8.52% | 35.81% | -12.31% | -31.53% | ||||||||
| 2023 | -28.61% | 41.91% | 58.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LABU is 17, indicating that it is in the bottom 17% 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 Bull 3x Shares(LABU)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily S&P Biotech Bull 3x Shares (LABU) 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 Bull 3x Shares granted a 0.57% dividend yield in the last twelve months. The annual payout for that period amounted to $0.58 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.58 | $0.42 | $0.00 | $0.00 | $0.00 | $3.27 | $4.22 | $2.65 |
Dividend yield | 0.57% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily S&P Biotech Bull 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 | $0.16 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.21 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $2.19 | $0.00 | $0.00 | $0.75 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.11 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $1.91 | $0.00 | $0.00 | $1.92 |
| 2017 | $2.65 |
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 Bull 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 Bull 3x Shares was 98.92%, occurring on Oct 27, 2023. The portfolio has not yet recovered.
The current Direxion Daily S&P Biotech Bull 3x Shares drawdown is 97.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -98.92% | Jul 20, 2015 | 2085 | Oct 27, 2023 | — | — | — |
| -20.23% | Jun 23, 2015 | 11 | Jul 8, 2015 | 4 | Jul 14, 2015 | 15 |
| -4.93% | Jun 9, 2015 | 4 | Jun 12, 2015 | 3 | Jun 17, 2015 | 7 |
| -1.91% | Jun 4, 2015 | 1 | Jun 4, 2015 | 1 | Jun 5, 2015 | 2 |
| -0.95% | Jun 2, 2015 | 1 | Jun 2, 2015 | 1 | Jun 3, 2015 | 2 |
Volatility
Volatility Chart
The current Direxion Daily S&P Biotech Bull 3x Shares volatility is 24.27%, 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.