GEVX vs. LABU

Last updated Jul 17, 2026

GEVX (Tradr 2X Long GEV Daily ETF) and LABU (Direxion Daily S&P Biotech Bull 3x Shares) are both Leveraged Equities funds. GEVX is actively managed, while LABU is passively managed. Over the past year, GEVX returned 141.68% vs 286.59% for LABU. At a 0.26 correlation, their price movements are largely independent. GEVX charges 1.30%/yr vs 0.96%/yr for LABU.

Performance

GEVX vs. LABU - Performance Comparison

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

Returns By Period

In the year-to-date period, GEVX achieves a 111.42% return, which is significantly higher than LABU's 59.86% return.

GEVX

• 1D: -4.46%
• 1M: 5.92%
• 6M: 120.09%
• YTD: 111.42%
• 1Y: 141.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LABU

• 1D: -8.20%
• 1M: 38.01%
• 6M: 52.81%
• YTD: 59.86%
• 1Y: 286.59%
• 3Y*: 26.50%
• 5Y*: -26.07%
• 10Y*: -9.00%

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

GEVX vs. LABU - Yearly Performance Comparison

	2026 (YTD)	2025
GEVX Tradr 2X Long GEV Daily ETF	111.42%	23.96%
LABU Direxion Daily S&P Biotech Bull 3x Shares	59.86%	135.58%

Correlation

The correlation between GEVX and LABU is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.26

Return for Risk

GEVX vs. LABU — Risk / Return Rank

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

GEVX

GEVX Risk / Return Rank: 58
GEVX Sharpe Ratio Rank: 48
GEVX Sortino Ratio Rank: 58
GEVX Omega Ratio Rank: 53
GEVX Calmar Ratio Rank: 77
GEVX Martin Ratio Rank: 55

LABU

LABU Risk / Return Rank: 93
LABU Sharpe Ratio Rank: 97
LABU Sortino Ratio Rank: 90
LABU Omega Ratio Rank: 85
LABU Calmar Ratio Rank: 97
LABU Martin Ratio Rank: 96

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.

GEVX vs. LABU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long GEV Daily ETF (GEVX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GEVX	LABU	Difference
Sharpe ratio: Return per unit of total volatility	1.37	3.64	-2.28
Sortino ratio: Return per unit of downside risk	2.23	3.41	-1.17
Omega ratio: Gain probability vs. loss probability	1.27	1.41	-0.14
Calmar ratio: Return relative to maximum drawdown	3.17	9.40	-6.24
Martin ratio: Return relative to average drawdown	7.62	26.08	-18.46

GEVX vs. LABU - Sharpe Ratio Comparison

The current GEVX Sharpe Ratio is 1.37, which is lower than the LABU Sharpe Ratio of 3.64. The chart below compares the historical Sharpe Ratios of GEVX and LABU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GEVX vs. LABU - Drawdown Comparison

The maximum GEVX drawdown since its inception was -45.03%, smaller than the maximum LABU drawdown of -99.18%. Use the drawdown chart below to compare losses from any high point for GEVX and LABU.

Drawdown Indicators

	GEVX	LABU	Difference
Max Drawdown Largest peak-to-trough decline	-45.03%	-99.18%	+54.15%
Max Drawdown (1Y) Largest decline over 1 year	-45.03%	-30.70%	-14.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-78.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-97.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.96%	—
Current Drawdown Current decline from peak	-25.52%	-94.37%	+68.85%
Average Drawdown Average peak-to-trough decline	-15.19%	-81.78%	+66.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.67%	11.05%	+7.62%

Volatility

GEVX vs. LABU - Volatility Comparison

Tradr 2X Long GEV Daily ETF (GEVX) has a higher volatility of 39.42% compared to Direxion Daily S&P Biotech Bull 3x Shares (LABU) at 25.26%. This indicates that GEVX's price experiences larger fluctuations and is considered to be riskier than LABU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GEVX	LABU	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.42%	25.26%	+14.16%
Volatility (6M) Calculated over the trailing 6-month period	71.86%	63.83%	+8.03%
Volatility (1Y) Calculated over the trailing 1-year period	104.16%	79.41%	+24.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	103.68%	96.05%	+7.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	103.68%	95.22%	+8.46%

GEVX vs. LABU - Expense Ratio Comparison

GEVX has a 1.30% expense ratio, which is higher than LABU's 0.96% expense ratio.

Dividends

GEVX vs. LABU - Dividend Comparison

GEVX has not paid dividends to shareholders, while LABU's dividend yield for the trailing twelve months is around 0.40%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GEVX Tradr 2X Long GEV Daily ETF	0.00%	0.00%	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	0.40%	0.84%	0.35%	0.35%	0.00%	0.00%	0.00%	0.28%	0.64%	0.17%

Frequently Asked Questions

Can I hold both GEVX and LABU in my portfolio?

GEVX and LABU have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GEVX or LABU?

GEVX has higher volatility (39.42%) compared to LABU (25.26%). In terms of maximum drawdown, GEVX dropped -45.03% vs LABU's -99.18%.

Which ETF is better, GEVX or LABU?

On 1-year performance, LABU leads with 286.59% vs 141.68% for GEVX. On fees, LABU is cheaper at 0.96% per year. On volatility, LABU has been the lower-risk option at 25.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GEVX or LABU?

Over the 1-year period, LABU has performed better with a 286.59% return vs 141.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GEVX or LABU?

LABU is cheaper with a 0.96% expense ratio, compared with 1.30% for GEVX.

Which ETF pays a higher dividend yield, GEVX or LABU?

LABU has the higher dividend yield at 0.40%, compared with 0.00% for GEVX.

What is the main difference between GEVX and LABU?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for GEVX and 0.96% for LABU.

Which has better risk-adjusted returns?

LABU currently has the higher Sharpe Ratio (3.64 vs 1.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.