HFGM vs. LABU

Last updated Apr 3, 2026

Compare and contrast key facts about Unlimited HFGM Global Macro ETF (HFGM) and Direxion Daily S&P Biotech Bull 3x Shares (LABU).

HFGM and LABU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HFGM is an actively managed fund by Unlimited. It was launched on Apr 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

HFGM vs. LABU - Performance Comparison

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

HFGM vs. LABU - Yearly Performance Comparison

	2026 (YTD)	2025
HFGM Unlimited HFGM Global Macro ETF	11.82%	26.63%
LABU Direxion Daily S&P Biotech Bull 3x Shares	7.69%	234.17%

Returns By Period

In the year-to-date period, HFGM achieves a 11.82% return, which is significantly higher than LABU's 7.69% return.

HFGM

• 1D: -0.83%
• 1M: -1.94%
• YTD: 11.82%
• 6M: 12.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LABU

• 1D: 1.18%
• 1M: 9.42%
• YTD: 7.69%
• 6M: 71.75%
• 1Y: 191.79%
• 3Y*: 19.82%
• 5Y*: -35.96%
• 10Y*: -11.80%

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

HFGM vs. LABU - Expense Ratio Comparison

HFGM has a 0.95% expense ratio, which is lower than LABU's 1.12% expense ratio.

LABU

Direxion Daily S&P Biotech Bull 3x Shares

HFGM

Unlimited HFGM Global Macro ETF

Return for Risk

HFGM vs. LABU — Risk / Return Rank

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

LABU

LABU Risk / Return Rank: 91
LABU Sharpe Ratio Rank: 93
LABU Sortino Ratio Rank: 89
LABU Omega Ratio Rank: 81
LABU Calmar Ratio Rank: 98
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.

HFGM vs. LABU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unlimited HFGM Global Macro ETF (HFGM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HFGM	LABU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.26	—
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	1.90	-0.24	+2.14

Correlation

The correlation between HFGM and LABU is 0.32, 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

HFGM vs. LABU - Dividend Comparison

HFGM's dividend yield for the trailing twelve months is around 10.05%, more than LABU's 0.72% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HFGM Unlimited HFGM Global Macro ETF	10.05%	11.23%	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	0.72%	0.84%	0.35%	0.35%	0.00%	0.00%	0.00%	0.28%	0.64%	0.17%

Drawdowns

HFGM vs. LABU - Drawdown Comparison

The maximum HFGM drawdown since its inception was -10.66%, smaller than the maximum LABU drawdown of -99.18%. Use the drawdown chart below to compare losses from any high point for HFGM and LABU.

Drawdown Indicators

	HFGM	LABU	Difference
Max Drawdown Largest peak-to-trough decline	-10.66%	-99.18%	+88.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.70%	—
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	-7.86%	-96.21%	+88.35%
Average Drawdown Average peak-to-trough decline	-2.36%	-81.46%	+79.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.82%	—

Volatility

Volatility by Period

	HFGM	LABU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	32.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	56.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.02%	85.75%	-62.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.02%	95.70%	-72.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	95.87%	-72.85%