LABD vs. PST
LABD (Direxion Daily S&P Biotech Bear 3x Shares) and PST (ProShares UltraShort 7-10 Year Treasury) are both exchange-traded funds - LABD is a Leveraged Equities fund tracking the S&P Biotechnology Select Industry Index (-300%), while PST is a Inverse Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 10 years, LABD returned -58.05%/yr vs 2.82%/yr for PST. At a correlation of -0.04, they often move in opposite directions. LABD charges 1.06%/yr vs 0.95%/yr for PST.
Performance
LABD vs. PST - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LABD achieves a -58.72% return, which is significantly lower than PST's 5.55% return. Over the past 10 years, LABD has underperformed PST with an annualized return of -58.05%, while PST has yielded a comparatively higher 2.82% annualized return.
LABD
- 1D
- 8.60%
- 1M
- -31.85%
- 6M
- -55.64%
- YTD
- -58.72%
- 1Y
- -85.70%
- 3Y*
- -58.22%
- 5Y*
- -47.09%
- 10Y*
- -58.05%
PST
- 1D
- 0.04%
- 1M
- 1.80%
- 6M
- 5.80%
- YTD
- 5.55%
- 1Y
- 2.19%
- 3Y*
- 5.15%
- 5Y*
- 10.35%
- 10Y*
- 2.82%
LABD vs. PST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LABD Direxion Daily S&P Biotech Bear 3x Shares | -58.72% | -70.07% | -21.43% | -41.77% | -32.68% | 1.86% | -89.75% | -70.80% | -6.26% | -75.67% |
PST ProShares UltraShort 7-10 Year Treasury | 5.55% | -4.42% | 12.27% | 3.17% | 38.55% | 4.01% | -18.67% | -11.03% | 1.72% | -4.52% |
Correlation
The correlation between LABD and PST is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 28, 2015 | -0.04 |
The correlation between LABD and PST shifts across timeframes, from -0.04 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LABD vs. PST — Risk / Return Rank
LABD
PST
LABD vs. PST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Biotech Bear 3x Shares (LABD) and ProShares UltraShort 7-10 Year Treasury (PST). 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.
| LABD | PST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.05 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 0.34 | -1.30 |
| Martin ratioReturn relative to average drawdown | -1.33 | 0.63 | -1.95 |
Loading charts...
Drawdowns
LABD vs. PST - Drawdown Comparison
The maximum LABD drawdown since its inception was -100.00%, which is greater than PST's maximum drawdown of -79.25%. Use the drawdown chart below to compare losses from any high point for LABD and PST.
Loading charts...
Drawdown Indicators
| LABD | PST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -79.25% | -20.75% |
Max Drawdown (1Y)Largest decline over 1 year | -89.59% | -6.40% | -83.19% |
Max Drawdown (3Y)Largest decline over 3 years | -97.43% | -16.19% | -81.24% |
Max Drawdown (5Y)Largest decline over 5 years | -99.04% | -16.19% | -82.85% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -36.07% | -63.92% |
Current DrawdownCurrent decline from peak | -99.99% | -63.79% | -36.20% |
Average DrawdownAverage peak-to-trough decline | -91.04% | -61.49% | -29.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.54% | 3.51% | +61.03% |
Volatility
LABD vs. PST - Volatility Comparison
Direxion Daily S&P Biotech Bear 3x Shares (LABD) has a higher volatility of 25.77% compared to ProShares UltraShort 7-10 Year Treasury (PST) at 2.75%. This indicates that LABD's price experiences larger fluctuations and is considered to be riskier than PST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LABD | PST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.77% | 2.75% | +23.02% |
Volatility (6M)Calculated over the trailing 6-month period | 65.70% | 7.18% | +58.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.35% | 9.40% | +69.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.77% | 15.58% | +81.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.75% | 13.28% | +82.47% |
LABD vs. PST - Expense Ratio Comparison
LABD has a 1.06% expense ratio, which is higher than PST's 0.95% expense ratio.
Dividends
LABD vs. PST - Dividend Comparison
LABD's dividend yield for the trailing twelve months is around 7.61%, more than PST's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LABD Direxion Daily S&P Biotech Bear 3x Shares | 7.61% | 6.67% | 4.68% | 6.13% | 0.53% | 0.00% | 3.94% | 1.75% | 0.81% |
PST ProShares UltraShort 7-10 Year Treasury | 2.84% | 3.47% | 3.61% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% |
Frequently Asked Questions
LABD and PST have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LABD has higher volatility (25.77%) compared to PST (2.75%). In terms of maximum drawdown, LABD dropped -100.00% vs PST's -79.25%.
On 10-year performance, PST leads with 2.82% vs -58.05% for LABD. On fees, PST is cheaper at 0.95% per year. On volatility, PST has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PST has performed better with a 2.82% return vs -58.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PST is cheaper with a 0.95% expense ratio, compared with 1.06% for LABD.
LABD has the higher dividend yield at 7.61%, compared with 2.84% for PST.
LABD is categorized as Leveraged Equities, while PST is Inverse Bonds. LABD tracks S&P Biotechnology Select Industry Index (-300%), while PST tracks ICE U.S. Treasury 7-10 Year Bond Index. They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.06% for LABD and 0.95% for PST.
PST currently has the higher Sharpe Ratio (0.23 vs -1.08), 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.
Find the right allocation for LABD and PST
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer