LABU vs. DRN
LABU (Direxion Daily S&P Biotech Bull 3x Shares) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both exchange-traded funds - LABU is a Leveraged Equities fund tracking the S&P Biotechnology Select Industry Index (300%), while DRN is a REIT fund tracking the MSCI US REIT Index (300%). Both are passively managed. Over the past 10 years, LABU returned -11.11%/yr vs -3.96%/yr for DRN. At a 0.36 correlation, their price movements are largely independent. LABU charges 1.12%/yr vs 0.99%/yr for DRN.
Performance
LABU vs. DRN - Performance Comparison
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Returns By Period
In the year-to-date period, LABU achieves a 12.06% return, which is significantly lower than DRN's 34.24% return. Over the past 10 years, LABU has underperformed DRN with an annualized return of -11.11%, while DRN has yielded a comparatively higher -3.96% annualized return.
LABU
- 1D
- 2.37%
- 1M
- 3.51%
- YTD
- 12.06%
- 6M
- 8.94%
- 1Y
- 207.12%
- 3Y*
- 6.07%
- 5Y*
- -34.35%
- 10Y*
- -11.11%
DRN
- 1D
- 2.62%
- 1M
- 13.81%
- YTD
- 34.24%
- 6M
- 33.93%
- 1Y
- 19.88%
- 3Y*
- 10.01%
- 5Y*
- -10.77%
- 10Y*
- -3.96%
LABU vs. DRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 12.06% | 79.17% | -26.02% | -13.41% | -80.36% | -64.15% | 74.66% | 75.50% | -57.61% | 149.12% |
DRN Direxion Daily Real Estate Bull 3x Shares | 34.24% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -25.11% | 7.50% |
Correlation
The correlation between LABU and DRN is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 28, 2015 | 0.36 |
The correlation between LABU and DRN shifts across timeframes, from 0.30 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LABU vs. DRN — Risk / Return Rank
LABU
DRN
LABU vs. DRN - 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 Direxion Daily Real Estate Bull 3x Shares (DRN). 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 | DRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.10 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 6.49 | 0.68 | +5.82 |
| Martin ratioReturn relative to average drawdown | 18.31 | 1.51 | +16.80 |
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Drawdowns
LABU vs. DRN - Drawdown Comparison
The maximum LABU drawdown since its inception was -99.18%, which is greater than DRN's maximum drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for LABU and DRN.
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Drawdown Indicators
| LABU | DRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.18% | -86.32% | -12.86% |
Max Drawdown (1Y)Largest decline over 1 year | -30.70% | -24.28% | -6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -78.30% | -48.26% | -30.04% |
Max Drawdown (5Y)Largest decline over 5 years | -97.59% | -80.58% | -17.01% |
Max Drawdown (10Y)Largest decline over 10 years | -98.96% | -86.32% | -12.64% |
Current DrawdownCurrent decline from peak | -96.05% | -61.73% | -34.32% |
Average DrawdownAverage peak-to-trough decline | -81.69% | -35.11% | -46.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.91% | 10.92% | -0.01% |
Volatility
LABU vs. DRN - Volatility Comparison
Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a higher volatility of 31.31% compared to Direxion Daily Real Estate Bull 3x Shares (DRN) at 14.29%. This indicates that LABU's price experiences larger fluctuations and is considered to be riskier than DRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LABU | DRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.31% | 14.29% | +17.02% |
Volatility (6M)Calculated over the trailing 6-month period | 61.52% | 30.42% | +31.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.69% | 41.19% | +36.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.70% | 56.78% | +38.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.45% | 60.68% | +34.77% |
LABU vs. DRN - Expense Ratio Comparison
LABU has a 1.12% expense ratio, which is higher than DRN's 0.99% expense ratio.
Dividends
LABU vs. DRN - Dividend Comparison
LABU's dividend yield for the trailing twelve months is around 0.69%, less than DRN's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.98% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% |
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.69% | 0.84% | 0.35% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
Frequently Asked Questions
LABU and DRN have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LABU has higher volatility (31.31%) compared to DRN (14.29%). In terms of maximum drawdown, LABU dropped -99.18% vs DRN's -86.32%.
On 10-year performance, DRN leads with -3.96% vs -11.11% for LABU. On fees, DRN is cheaper at 0.99% per year. On volatility, DRN has been the lower-risk option at 14.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DRN has performed better with a -3.96% return vs -11.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRN is cheaper with a 0.99% expense ratio, compared with 1.12% for LABU.
DRN has the higher dividend yield at 1.98%, compared with 0.69% for LABU.
LABU is categorized as Leveraged Equities, while DRN is REIT. LABU tracks S&P Biotechnology Select Industry Index (300%), while DRN tracks MSCI US REIT Index (300%). Their fees differ too: 1.12% for LABU and 0.99% for DRN.
LABU currently has the higher Sharpe Ratio (2.57 vs 0.40), 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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