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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.
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Returns By Period
Direxion Daily S&P Biotech Bull 3x Shares (LABU) has returned 4.20% so far this year and 175.22% over the past 12 months. Over the last ten years, LABU has returned -11.81% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Direxion Daily S&P Biotech Bull 3x Shares
- 1D
- 22.31%
- 1M
- -3.83%
- YTD
- 4.20%
- 6M
- 78.34%
- 1Y
- 175.22%
- 3Y*
- 19.86%
- 5Y*
- -36.38%
- 10Y*
- -11.81%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since May 28, 2015, LABU's average daily return is +0.09%, while the average monthly return is +0.94%. At this rate, your investment would double in approximately 6.2 years.
Historically, 50% of months were positive and 50% were negative. The best month was Apr 2020 with a return of +63.7%, while the worst month was Jan 2016 at -66.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 9 months.
On a daily basis, LABU closed higher 51% of trading days. The best single day was Nov 9, 2016 with a return of +33.4%, while the worst single day was Mar 16, 2020 at -33.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.06% | 4.12% | -3.83% | 4.20% | |||||||||
| 2025 | 6.31% | -13.96% | -25.84% | -0.56% | -17.05% | 13.61% | 7.38% | 13.48% | 35.14% | 40.00% | 27.17% | -3.86% | 79.17% |
| 2024 | -8.52% | 35.81% | -12.31% | -31.53% | 13.67% | 9.97% | 19.44% | 4.10% | -8.73% | -7.12% | 4.98% | -28.30% | -26.02% |
| 2023 | 18.10% | -21.32% | -25.27% | 13.44% | 12.03% | -5.01% | 2.03% | -18.38% | -22.68% | -28.61% | 41.91% | 58.33% | -13.41% |
| 2022 | -45.81% | -14.97% | -5.55% | -48.05% | -28.50% | 15.81% | 24.18% | 3.70% | -19.24% | 6.13% | 0.94% | -5.86% | -80.36% |
| 2021 | 25.63% | -12.47% | -28.54% | -0.22% | -20.00% | 16.90% | -25.69% | 21.14% | -16.59% | -3.44% | -20.43% | -15.27% | -64.15% |
Benchmark Metrics
Direxion Daily S&P Biotech Bull 3x Shares has an annualized alpha of -17.23%, beta of 3.41, and R² of 0.39 versus S&P 500 Index. Calculated based on daily prices since May 29, 2015.
- This ETF captured 310.30% of S&P 500 Index gains and 252.29% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- R² of 0.39 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -17.23%
- Beta
- 3.41
- R²
- 0.39
- Upside Capture
- 310.30%
- Downside Capture
- 252.29%
Expense Ratio
LABU has a high expense ratio of 1.12%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LABU ranks 88 for risk / return — in the top 88% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily S&P Biotech Bull 3x Shares (LABU) and compare them to a chosen benchmark (S&P 500 Index).
| LABU | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 0.90 | +1.14 |
Sortino ratioReturn per unit of downside risk | 2.48 | 1.39 | +1.10 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 3.74 | 1.40 | +2.34 |
Martin ratioReturn relative to average drawdown | 11.90 | 6.61 | +5.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore LABU risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Direxion Daily S&P Biotech Bull 3x Shares provided a 0.74% dividend yield over the last twelve months, with an annual payout of $1.23 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.23 | $1.34 | $0.31 | $0.42 | $0.00 | $0.00 | $0.00 | $3.26 | $4.22 | $2.65 |
Dividend yield | 0.74% | 0.84% | 0.35% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.91 | $1.34 |
| 2024 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 |
| 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 | $0.42 |
| 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 | $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 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 99.18%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Direxion Daily S&P Biotech Bull 3x Shares drawdown is 96.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.18% | Jul 20, 2015 | 2446 | Apr 8, 2025 | — | — | — |
| -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 chart below shows the rolling one-month volatility.
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