ASMG vs. LABU

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long ASML Daily ETF (ASMG) and Direxion Daily S&P Biotech Bull 3x Shares (LABU).

ASMG and LABU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASMG is an actively managed fund by Leverage Shares. It was launched on Jan 14, 2025. LABU is a passively managed fund by Direxion that tracks the performance of the S&P Biotechnology Select Industry Index (300%). It was launched on May 28, 2015.

Performance

ASMG vs. LABU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ASML Daily ETF (ASMG) and Direxion Daily S&P Biotech Bull 3x Shares (LABU). The values are adjusted to include any dividend payments, if applicable.

ASMG vs. LABU - Yearly Performance Comparison

	2026 (YTD)	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	40.33%	63.67%
LABU Direxion Daily S&P Biotech Bull 3x Shares	4.20%	103.31%

Returns By Period

In the year-to-date period, ASMG achieves a 40.33% return, which is significantly higher than LABU's 4.20% return.

ASMG

• 1D: 10.26%
• 1M: -19.89%
• YTD: 40.33%
• 6M: 61.13%
• 1Y: 199.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LABU

• 1D: 22.31%
• 1M: -3.83%
• YTD: 4.20%
• 6M: 78.34%
• 1Y: 175.22%
• 3Y*: 19.86%
• 5Y*: -36.38%
• 10Y*: -11.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASMG vs. LABU - Expense Ratio Comparison

ASMG has a 0.75% expense ratio, which is lower than LABU's 1.12% expense ratio.

LABU

Direxion Daily S&P Biotech Bull 3x Shares

ASMG

Leverage Shares 2X Long ASML Daily ETF

Return for Risk

ASMG vs. LABU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASMG

ASMG Risk / Return Rank: 93
ASMG Sharpe Ratio Rank: 95
ASMG Sortino Ratio Rank: 92
ASMG Omega Ratio Rank: 86
ASMG Calmar Ratio Rank: 98
ASMG Martin Ratio Rank: 94

LABU

LABU Risk / Return Rank: 90
LABU Sharpe Ratio Rank: 92
LABU Sortino Ratio Rank: 90
LABU Omega Ratio Rank: 82
LABU Calmar Ratio Rank: 94
LABU Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASMG vs. LABU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ASML Daily ETF (ASMG) and Direxion Daily S&P Biotech Bull 3x Shares (LABU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ASMG	LABU	Difference
Sharpe ratio Return per unit of total volatility	2.42	2.04	+0.38
Sortino ratio Return per unit of downside risk	2.76	2.48	+0.28
Omega ratio Gain probability vs. loss probability	1.35	1.31	+0.04
Calmar ratio Return relative to maximum drawdown	5.48	3.74	+1.74
Martin ratio Return relative to average drawdown	14.51	11.90	+2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASMG vs. LABU - Sharpe Ratio Comparison

The current ASMG Sharpe Ratio is 2.42, which is comparable to the LABU Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of ASMG and LABU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ASMG	LABU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.04	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	-0.24	+1.45

Correlation

The correlation between ASMG and LABU is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ASMG vs. LABU - Dividend Comparison

ASMG's dividend yield for the trailing twelve months is around 7.98%, more than LABU's 0.74% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASMG Leverage Shares 2X Long ASML Daily ETF	7.98%	11.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LABU Direxion Daily S&P Biotech Bull 3x Shares	0.74%	0.84%	0.35%	0.35%	0.00%	0.00%	0.00%	0.28%	0.64%	0.17%

Drawdowns

ASMG vs. LABU - Drawdown Comparison

The maximum ASMG drawdown since its inception was -43.95%, smaller than the maximum LABU drawdown of -99.18%. Use the drawdown chart below to compare losses from any high point for ASMG and LABU.

Drawdown Indicators

	ASMG	LABU	Difference
Max Drawdown Largest peak-to-trough decline	-43.95%	-99.18%	+55.23%
Max Drawdown (1Y) Largest decline over 1 year	-34.56%	-36.66%	+2.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-97.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.96%	—
Current Drawdown Current decline from peak	-27.85%	-96.33%	+68.48%
Average Drawdown Average peak-to-trough decline	-13.57%	-81.45%	+67.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.05%	12.01%	+1.04%

Volatility

ASMG vs. LABU - Volatility Comparison

The current volatility for Leverage Shares 2X Long ASML Daily ETF (ASMG) is 30.09%, while Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a volatility of 33.99%. This indicates that ASMG experiences smaller price fluctuations and is considered to be less risky than LABU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASMG	LABU	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.09%	33.99%	-3.90%
Volatility (6M) Calculated over the trailing 6-month period	58.83%	56.88%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	83.10%	87.36%	-4.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.32%	95.74%	-13.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.32%	95.91%	-13.59%