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.
Correlation
The correlation between LABU and COIN is 0.47, 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.
Performance
LABU vs. COIN - Performance Comparison
Key characteristics
LABU:
-0.38
COIN:
1.40
LABU:
-0.09
COIN:
2.27
LABU:
0.99
COIN:
1.25
LABU:
-0.29
COIN:
1.80
LABU:
-0.92
COIN:
5.52
LABU:
31.08%
COIN:
21.89%
LABU:
75.79%
COIN:
86.50%
LABU:
-98.92%
COIN:
-90.90%
LABU:
-98.20%
COIN:
-17.32%
Returns By Period
In the year-to-date period, LABU achieves a -8.22% return, which is significantly lower than COIN's 19.00% return.
LABU
-8.22%
-12.35%
-38.98%
-25.32%
-40.61%
N/A
COIN
19.00%
6.02%
11.44%
136.86%
N/A
N/A
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Risk-Adjusted Performance
LABU vs. COIN — Risk-Adjusted Performance Rank
LABU
COIN
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 0.38%, while COIN has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.38% | 0.35% | 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% | 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
Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a higher volatility of 23.77% compared to Coinbase Global, Inc. (COIN) at 21.45%. 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.