LABU vs. COIN
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 -31.01%/yr vs -7.21%/yr for COIN. At a 0.46 correlation, their price movements are largely independent.
Performance
LABU vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, LABU achieves a 47.57% return, which is significantly higher than COIN's -30.05% return.
LABU
- 1D
- 2.26%
- 1M
- 34.26%
- YTD
- 47.57%
- 6M
- 36.98%
- 1Y
- 324.35%
- 3Y*
- 23.36%
- 5Y*
- -31.01%
- 10Y*
- -7.18%
COIN
- 1D
- -4.04%
- 1M
- -14.49%
- YTD
- -30.05%
- 6M
- -34.72%
- 1Y
- -48.57%
- 3Y*
- 37.03%
- 5Y*
- -7.21%
- 10Y*
- —
LABU vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 47.57% | 79.17% | -26.02% | -13.41% | -80.36% | -46.27% |
COIN Coinbase Global, Inc. | -30.05% | -8.92% | 42.77% | 391.44% | -85.98% | -33.76% |
Correlation
The correlation between LABU and COIN is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.46 |
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Return for Risk
LABU vs. COIN — Risk / Return Rank
LABU
COIN
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 ratioReturn per unit of total volatility | +4.86 | ||
| Sortino ratioReturn per unit of downside risk | +4.57 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.90 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 10.64 | -0.73 | +11.38 |
| Martin ratioReturn relative to average drawdown | 29.90 | -1.16 | +31.05 |
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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.
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Drawdown Indicators
| LABU | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.18% | -91.46% | -7.72% |
Max Drawdown (1Y)Largest decline over 1 year | -30.70% | -66.39% | +35.69% |
Max Drawdown (3Y)Largest decline over 3 years | -78.30% | -66.39% | -11.91% |
Max Drawdown (5Y)Largest decline over 5 years | -97.59% | -90.90% | -6.69% |
Max Drawdown (10Y)Largest decline over 10 years | -98.96% | — | — |
Current DrawdownCurrent decline from peak | -94.80% | -62.32% | -32.48% |
Average DrawdownAverage peak-to-trough decline | -81.72% | -52.63% | -29.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.91% | 42.06% | -31.15% |
Volatility
LABU vs. COIN - Volatility Comparison
Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a higher volatility of 29.76% compared to Coinbase Global, Inc. (COIN) at 18.43%. 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.
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Volatility by Period
| LABU | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.76% | 18.43% | +11.33% |
Volatility (6M)Calculated over the trailing 6-month period | 63.07% | 51.90% | +11.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.78% | 68.40% | +10.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.94% | 85.99% | +9.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.44% | 85.37% | +10.07% |
Dividends
LABU vs. COIN - Dividend Comparison
LABU's dividend yield for the trailing twelve months is around 0.52%, 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 | 0.52% | 0.84% | 0.35% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
Frequently Asked Questions
LABU and COIN have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LABU has higher volatility (29.76%) compared to COIN (18.43%). In terms of maximum drawdown, LABU dropped -99.18% vs COIN's -91.46%.
LABU currently has the higher Sharpe Ratio (4.15 vs -0.71), 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.
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