LABU vs. COIN
Compare and contrast key facts about Direxion Daily S&P Biotech Bull 3x Shares (LABU) and Coinbase Global, Inc. (COIN).
LABU 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LABU or COIN.
Performance
LABU vs. COIN - Performance Comparison
Returns By Period
In the year-to-date period, LABU achieves a -15.02% return, which is significantly lower than COIN's 86.62% return.
LABU
-15.02%
-21.14%
-8.48%
44.67%
-35.33%
N/A
COIN
86.62%
47.39%
43.75%
205.91%
N/A
N/A
Key characteristics
| LABU | COIN | |
|---|---|---|
| Sharpe Ratio | 0.63 | 2.63 |
| Sortino Ratio | 1.34 | 3.12 |
| Omega Ratio | 1.16 | 1.35 |
| Calmar Ratio | 0.51 | 3.23 |
| Martin Ratio | 1.86 | 9.87 |
| Ulcer Index | 26.88% | 23.07% |
| Daily Std Dev | 79.45% | 86.42% |
| Max Drawdown | -98.92% | -90.90% |
| Current Drawdown | -97.74% | -9.18% |
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Correlation
The correlation between LABU and COIN is 0.48, 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
LABU vs. COIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Biotech Bull 3x Shares (LABU) and Coinbase Global, Inc. (COIN). 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
LABU vs. COIN - Dividend Comparison
LABU's dividend yield for the trailing twelve months is around 0.50%, while COIN has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.50% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LABU vs. COIN - Drawdown Comparison
The maximum LABU drawdown since its inception was -98.92%, which is greater than COIN's maximum drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for LABU and COIN. For additional features, visit the drawdowns tool.
Volatility
LABU vs. COIN - Volatility Comparison
The current volatility for Direxion Daily S&P Biotech Bull 3x Shares (LABU) is 25.73%, while Coinbase Global, Inc. (COIN) has a volatility of 42.00%. This indicates that LABU experiences smaller price fluctuations and is considered to be less risky than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.