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LABD vs. FNGD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

LABD vs. FNGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P Biotech Bear 3x Shares (LABD) and MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD). The values are adjusted to include any dividend payments, if applicable.

-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
-11.94%
-33.33%
LABD
FNGD

Returns By Period

In the year-to-date period, LABD achieves a -29.74% return, which is significantly higher than FNGD's -71.46% return.


LABD

YTD

-29.74%

1M

11.11%

6M

-11.99%

1Y

-64.81%

5Y (annualized)

-53.39%

10Y (annualized)

N/A

FNGD

YTD

-71.46%

1M

-12.42%

6M

-46.75%

1Y

-75.38%

5Y (annualized)

-77.74%

10Y (annualized)

N/A

Key characteristics


LABDFNGD
Sharpe Ratio-0.79-1.05
Sortino Ratio-1.15-2.17
Omega Ratio0.870.76
Calmar Ratio-0.63-0.75
Martin Ratio-1.05-1.34
Ulcer Index59.66%56.00%
Daily Std Dev79.48%71.29%
Max Drawdown-99.97%-99.98%
Current Drawdown-99.96%-99.98%

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LABD vs. FNGD - Expense Ratio Comparison

LABD has a 1.06% expense ratio, which is higher than FNGD's 0.95% expense ratio.


LABD
Direxion Daily S&P Biotech Bear 3x Shares
Expense ratio chart for LABD: current value at 1.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.06%
Expense ratio chart for FNGD: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.6

The correlation between LABD and FNGD is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

LABD vs. FNGD - 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 MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD). 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.


Sharpe ratio
The chart of Sharpe ratio for LABD, currently valued at -0.79, compared to the broader market0.002.004.00-0.79-1.05
The chart of Sortino ratio for LABD, currently valued at -1.15, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.15-2.17
The chart of Omega ratio for LABD, currently valued at 0.87, compared to the broader market0.501.001.502.002.503.000.870.76
The chart of Calmar ratio for LABD, currently valued at -0.63, compared to the broader market0.005.0010.0015.00-0.63-0.75
The chart of Martin ratio for LABD, currently valued at -1.05, compared to the broader market0.0020.0040.0060.0080.00100.00-1.05-1.34
LABD
FNGD

The current LABD Sharpe Ratio is -0.79, which is comparable to the FNGD Sharpe Ratio of -1.05. The chart below compares the historical Sharpe Ratios of LABD and FNGD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.20-1.00-0.80-0.60-0.40JuneJulyAugustSeptemberOctoberNovember
-0.79
-1.05
LABD
FNGD

Dividends

LABD vs. FNGD - Dividend Comparison

LABD's dividend yield for the trailing twelve months is around 4.52%, while FNGD has not paid dividends to shareholders.


TTM202320222021202020192018
LABD
Direxion Daily S&P Biotech Bear 3x Shares
4.52%6.14%0.53%0.00%3.96%1.75%0.80%
FNGD
MicroSectors FANG+™ Index -3X Inverse Leveraged ETN
0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

LABD vs. FNGD - Drawdown Comparison

The maximum LABD drawdown since its inception was -99.97%, roughly equal to the maximum FNGD drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for LABD and FNGD. For additional features, visit the drawdowns tool.


-100.00%-99.80%-99.60%-99.40%-99.20%JuneJulyAugustSeptemberOctoberNovember
-99.39%
-99.98%
LABD
FNGD

Volatility

LABD vs. FNGD - Volatility Comparison

Direxion Daily S&P Biotech Bear 3x Shares (LABD) has a higher volatility of 24.15% compared to MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) at 20.12%. This indicates that LABD's price experiences larger fluctuations and is considered to be riskier than FNGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
24.15%
20.12%
LABD
FNGD