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

Performance

LABD vs. LABU - 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 Direxion Daily S&P Biotech Bull 3x Shares (LABU). The values are adjusted to include any dividend payments, if applicable.

-40.00%-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
-18.18%
2.37%
LABD
LABU

Returns By Period

In the year-to-date period, LABD achieves a -30.28% return, which is significantly lower than LABU's -12.24% return.


LABD

YTD

-30.28%

1M

10.46%

6M

-20.72%

1Y

-64.06%

5Y (annualized)

-53.44%

10Y (annualized)

N/A

LABU

YTD

-12.24%

1M

-14.44%

6M

2.30%

1Y

55.02%

5Y (annualized)

-35.08%

10Y (annualized)

N/A

Key characteristics


LABDLABU
Sharpe Ratio-0.820.75
Sortino Ratio-1.261.45
Omega Ratio0.861.17
Calmar Ratio-0.650.60
Martin Ratio-1.112.18
Ulcer Index58.70%27.09%
Daily Std Dev79.24%79.14%
Max Drawdown-99.97%-98.92%
Current Drawdown-99.96%-97.67%

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LABD vs. LABU - Expense Ratio Comparison

LABD has a 1.06% expense ratio, which is lower than LABU's 1.12% expense ratio.


LABU
Direxion Daily S&P Biotech Bull 3x Shares
Expense ratio chart for LABU: current value at 1.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.12%
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%

Correlation

-0.50.00.51.0-1.0

The correlation between LABD and LABU is -1.00. 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.

Risk-Adjusted Performance

LABD vs. LABU - 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 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.


Sharpe ratio
The chart of Sharpe ratio for LABD, currently valued at -0.82, compared to the broader market0.002.004.00-0.820.75
The chart of Sortino ratio for LABD, currently valued at -1.26, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.261.45
The chart of Omega ratio for LABD, currently valued at 0.86, compared to the broader market0.501.001.502.002.503.000.861.17
The chart of Calmar ratio for LABD, currently valued at -0.65, compared to the broader market0.005.0010.0015.00-0.650.60
The chart of Martin ratio for LABD, currently valued at -1.11, compared to the broader market0.0020.0040.0060.0080.00100.00-1.112.18
LABD
LABU

The current LABD Sharpe Ratio is -0.82, which is lower than the LABU Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of LABD 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.

Rolling 12-month Sharpe Ratio-1.000.001.002.00JuneJulyAugustSeptemberOctoberNovember
-0.82
0.75
LABD
LABU

Dividends

LABD vs. LABU - Dividend Comparison

LABD's dividend yield for the trailing twelve months is around 4.55%, more than LABU's 0.49% yield.


TTM2023202220212020201920182017
LABD
Direxion Daily S&P Biotech Bear 3x Shares
4.55%6.14%0.53%0.00%3.96%1.75%0.80%0.00%
LABU
Direxion Daily S&P Biotech Bull 3x Shares
0.49%0.35%0.00%0.00%0.00%0.28%0.64%0.17%

Drawdowns

LABD vs. LABU - Drawdown Comparison

The maximum LABD drawdown since its inception was -99.97%, roughly equal to the maximum LABU drawdown of -98.92%. Use the drawdown chart below to compare losses from any high point for LABD and LABU. For additional features, visit the drawdowns tool.


-100.00%-99.50%-99.00%-98.50%-98.00%-97.50%-97.00%-96.50%JuneJulyAugustSeptemberOctoberNovember
-99.96%
-97.67%
LABD
LABU

Volatility

LABD vs. LABU - Volatility Comparison

The current volatility for Direxion Daily S&P Biotech Bear 3x Shares (LABD) is 23.72%, while Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a volatility of 25.61%. This indicates that LABD 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.


14.00%16.00%18.00%20.00%22.00%24.00%26.00%JuneJulyAugustSeptemberOctoberNovember
23.72%
25.61%
LABD
LABU