LABU vs. ABNG
LABU (Direxion Daily S&P Biotech Bull 3x Shares) and ABNG (Leverage Shares 2x Long ABNB Daily ETF) are both Leveraged Equities funds. LABU is passively managed, while ABNG is actively managed. At a 0.27 correlation, their price movements are largely independent. LABU charges 1.12%/yr vs 0.75%/yr for ABNG.
Performance
LABU vs. ABNG - Performance Comparison
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Returns By Period
In the year-to-date period, LABU achieves a 3.80% return, which is significantly higher than ABNG's -12.31% return.
LABU
- 1D
- 4.61%
- 1M
- -11.09%
- YTD
- 3.80%
- 6M
- 3.63%
- 1Y
- 195.85%
- 3Y*
- 7.82%
- 5Y*
- -32.76%
- 10Y*
- -13.53%
ABNG
- 1D
- -0.92%
- 1M
- -8.78%
- YTD
- -12.31%
- 6M
- 10.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LABU vs. ABNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 3.80% | 17.81% |
ABNG Leverage Shares 2x Long ABNB Daily ETF | -12.31% | 30.68% |
Correlation
The correlation between LABU and ABNG is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | 0.27 |
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Return for Risk
LABU vs. ABNG — Risk / Return Rank
LABU
ABNG
LABU vs. ABNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Biotech Bull 3x Shares (LABU) and Leverage Shares 2x Long ABNB Daily ETF (ABNG). 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.
| LABU | ABNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.42 | — | — |
| Martin ratioReturn relative to average drawdown | 18.77 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LABU | ABNG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.46 | -0.70 |
Drawdowns
LABU vs. ABNG - Drawdown Comparison
The maximum LABU drawdown since its inception was -99.18%, which is greater than ABNG's maximum drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for LABU and ABNG.
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Drawdown Indicators
| LABU | ABNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.18% | -33.03% | -66.15% |
Max Drawdown (1Y)Largest decline over 1 year | -30.70% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -78.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -97.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.96% | — | — |
Current DrawdownCurrent decline from peak | -96.34% | -17.35% | -78.99% |
Average DrawdownAverage peak-to-trough decline | -81.68% | -11.73% | -69.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.48% | — | — |
Volatility
LABU vs. ABNG - Volatility Comparison
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Volatility by Period
| LABU | ABNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.83% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 59.70% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.91% | 63.13% | +12.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.58% | 63.13% | +32.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.42% | 63.13% | +32.29% |
LABU vs. ABNG - Expense Ratio Comparison
LABU has a 1.12% expense ratio, which is higher than ABNG's 0.75% expense ratio.
Dividends
LABU vs. ABNG - Dividend Comparison
LABU's dividend yield for the trailing twelve months is around 0.74%, while ABNG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ABNG Leverage Shares 2x Long ABNB Daily ETF | 0.00% | 0.00% | 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 | 0.74% | 0.84% | 0.35% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
Frequently Asked Questions
LABU and ABNG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ABNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ABNG is cheaper with a 0.75% expense ratio, compared with 1.12% for LABU.
LABU has the higher dividend yield at 0.74%, compared with 0.00% for ABNG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.12% for LABU and 0.75% for ABNG.
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