LABD vs. FAZ
Compare and contrast key facts about Direxion Daily S&P Biotech Bear 3x Shares (LABD) and Direxion Daily Financial Bear 3X Shares (FAZ).
LABD and FAZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LABD 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. FAZ is a passively managed fund by Direxion that tracks the performance of the Russell 1000 Financial Services Index (-300%). It was launched on Nov 6, 2008. Both LABD and FAZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LABD or FAZ.
Correlation
The correlation between LABD and FAZ is -0.58. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
LABD vs. FAZ - Performance Comparison
Key characteristics
LABD:
-0.12
FAZ:
-0.71
LABD:
0.42
FAZ:
-0.87
LABD:
1.05
FAZ:
0.89
LABD:
-0.09
FAZ:
-0.43
LABD:
-0.25
FAZ:
-1.24
LABD:
37.29%
FAZ:
34.63%
LABD:
81.07%
FAZ:
60.56%
LABD:
-99.97%
FAZ:
-100.00%
LABD:
-99.95%
FAZ:
-100.00%
Returns By Period
In the year-to-date period, LABD achieves a 20.91% return, which is significantly higher than FAZ's -8.21% return.
LABD
20.91%
5.58%
45.11%
-17.25%
-40.20%
N/A
FAZ
-8.21%
4.55%
-19.38%
-43.96%
-51.11%
-43.48%
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LABD vs. FAZ - Expense Ratio Comparison
LABD has a 1.06% expense ratio, which is lower than FAZ's 1.07% expense ratio.
Risk-Adjusted Performance
LABD vs. FAZ — Risk-Adjusted Performance Rank
LABD
FAZ
LABD vs. FAZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Biotech Bear 3x Shares (LABD) and Direxion Daily Financial Bear 3X Shares (FAZ). 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.
Dividends
LABD vs. FAZ - Dividend Comparison
LABD's dividend yield for the trailing twelve months is around 3.77%, less than FAZ's 6.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
LABD Direxion Daily S&P Biotech Bear 3x Shares | 3.77% | 4.68% | 6.14% | 0.53% | 0.00% | 3.96% | 1.75% | 0.80% |
FAZ Direxion Daily Financial Bear 3X Shares | 6.83% | 7.36% | 4.88% | 0.00% | 0.00% | 0.62% | 1.62% | 0.57% |
Drawdowns
LABD vs. FAZ - Drawdown Comparison
The maximum LABD drawdown since its inception was -99.97%, roughly equal to the maximum FAZ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for LABD and FAZ. For additional features, visit the drawdowns tool.
Volatility
LABD vs. FAZ - Volatility Comparison
Direxion Daily S&P Biotech Bear 3x Shares (LABD) has a higher volatility of 45.61% compared to Direxion Daily Financial Bear 3X Shares (FAZ) at 41.43%. This indicates that LABD's price experiences larger fluctuations and is considered to be riskier than FAZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.