LABU vs. COIN

Last updated Aug 2, 2026

LABU (Direxion Daily S&P Biotech Bull 3x Shares) is Leveraged Equities fund tracking the S&P Biotechnology Select Industry Index (300%), while COIN (Coinbase Global, Inc.) is a stock. Over the past 5 years, LABU returned -26.71%/yr vs -9.17%/yr for COIN. Their 0.45 correlation means their historical movements had little consistent relationship.

Performance

LABU vs. COIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P Biotech Bull 3x Shares (LABU) and Coinbase Global, Inc. (COIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LABU achieves a 42.67% return, which is significantly higher than COIN's -35.32% return.

LABU

• 1D: -8.60%
• 1M: -25.06%
• 6M: 37.10%
• YTD: 42.67%
• 1Y: 272.05%
• 3Y*: 25.64%
• 5Y*: -26.71%
• 10Y*: -12.33%
• ALL TIME*: -20.62%

COIN

• 1D: -10.59%
• 1M: -11.61%
• 6M: -24.89%
• YTD: -35.32%
• 1Y: -53.52%
• 3Y*: 15.82%
• 5Y*: -9.17%
• 10Y*: —
• ALL TIME*: -16.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COIN Coinbase Global, Inc.	$1.37B	$1.19B	$1.50B
LABU Direxion Daily S&P Biotech Bull 3x Shares	$76.19M	$116.75M	$118.31M

LABU vs. COIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LABU Direxion Daily S&P Biotech Bull 3x Shares	42.67%	79.17%	-26.02%	-13.41%	-80.36%	-46.27%
COIN Coinbase Global, Inc.	-35.32%	-8.92%	42.77%	391.44%	-85.98%	-33.76%

Correlation

The correlation between LABU and COIN is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.41
Correlation (5Y) Shows whether the relationship held over a longer period.	0.47
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021	0.45

Return for Risk

LABU vs. COIN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LABU

LABU Risk / Return Rank: 94
LABU Sharpe Ratio Rank: 97
LABU Sortino Ratio Rank: 92
LABU Omega Ratio Rank: 88
LABU Calmar Ratio Rank: 98
LABU Martin Ratio Rank: 96

COIN

COIN Risk / Return Rank: 7
COIN Sharpe Ratio Rank: 7
COIN Sortino Ratio Rank: 7
COIN Omega Ratio Rank: 9
COIN Calmar Ratio Rank: 4
COIN Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LABU vs. COIN - 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 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.

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.

	LABU	COIN	Difference
Sharpe ratio: Return per unit of total volatility	3.45	-0.88	+4.33
Sortino ratio: Return per unit of downside risk	3.30	-1.42	+4.72
Omega ratio: Gain probability vs. loss probability	1.39	0.84	+0.55
Calmar ratio: Return relative to maximum drawdown	9.00	-0.97	+9.97
Martin ratio: Return relative to average drawdown	23.05	-1.45	+24.51

LABU vs. COIN - Sharpe Ratio Comparison

The current LABU Sharpe Ratio is 3.45, which is higher than the COIN Sharpe Ratio of -0.88. The chart below compares the historical Sharpe Ratios of LABU and COIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LABU vs. COIN - Drawdown Comparison

The maximum LABU drawdown since its inception was -99.18%, which is greater than COIN's maximum drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for LABU and COIN.

Drawdown Indicators

	LABU	COIN	Difference
Max Drawdown Largest peak-to-trough decline	-99.18%	-91.46%	-7.72%
Max Drawdown (1Y) Largest decline over 1 year	-30.70%	-63.57%	+32.87%
Max Drawdown (3Y) Largest decline over 3 years	-78.30%	-66.39%	-11.91%
Max Drawdown (5Y) Largest decline over 5 years	-97.36%	-90.90%	-6.46%
Max Drawdown (10Y) Largest decline over 10 years	-98.96%	—	—
Current Drawdown Current decline from peak	-94.97%	-65.16%	-29.81%
Average Drawdown Average peak-to-trough decline	-81.83%	-52.82%	-29.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.97%	42.68%	-30.71%

Volatility

LABU vs. COIN - Volatility Comparison

Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a higher volatility of 24.69% compared to Coinbase Global, Inc. (COIN) at 20.29%. This indicates that LABU's price experiences larger fluctuations and is considered to be riskier than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LABU	COIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.69%	20.29%	+4.40%
Volatility (6M) Calculated over the trailing 6-month period	63.73%	54.91%	+8.82%
Volatility (1Y) Calculated over the trailing 1-year period	80.28%	69.65%	+10.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.01%	86.15%	+9.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.22%	85.12%	+10.10%

Dividends

LABU vs. COIN - Dividend Comparison

LABU's dividend yield for the trailing twelve months is around 0.45%, while COIN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
COIN Coinbase Global, Inc.	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	0.45%	0.84%	0.35%	0.35%	0.00%	0.00%	0.00%	0.28%	0.64%	0.17%

Frequently Asked Questions

Can I hold both LABU and COIN in my portfolio?

LABU and COIN have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LABU or COIN?

LABU has higher volatility (24.69%) compared to COIN (20.29%). In terms of maximum drawdown, LABU dropped -99.18% vs COIN's -91.46%.

Which has better risk-adjusted returns?

LABU currently has the higher Sharpe Ratio (3.45 vs -0.88), 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.