LABU vs. GEVG

Last updated Jul 17, 2026

LABU (Direxion Daily S&P Biotech Bull 3x Shares) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds. LABU is passively managed, while GEVG is actively managed. At a 0.37 correlation, their price movements are largely independent. LABU charges 0.96%/yr vs 0.75%/yr for GEVG.

Performance

LABU vs. GEVG - 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 Leverage Shares 2X Long GEV Daily ETF (GEVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LABU achieves a 59.86% return, which is significantly lower than GEVG's 106.82% return.

LABU

• 1D: -8.20%
• 1M: 38.01%
• 6M: 52.81%
• YTD: 59.86%
• 1Y: 286.59%
• 3Y*: 26.50%
• 5Y*: -26.07%
• 10Y*: -9.00%

GEVG

• 1D: -4.06%
• 1M: 5.90%
• 6M: 117.21%
• YTD: 106.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LABU vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
LABU Direxion Daily S&P Biotech Bull 3x Shares	59.86%	-2.08%
GEVG Leverage Shares 2X Long GEV Daily ETF	106.82%	-11.27%

Correlation

The correlation between LABU and GEVG is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.37

Return for Risk

LABU vs. GEVG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LABU

LABU Risk / Return Rank: 93
LABU Sharpe Ratio Rank: 97
LABU Sortino Ratio Rank: 90
LABU Omega Ratio Rank: 85
LABU Calmar Ratio Rank: 97
LABU Martin Ratio Rank: 96

GEVG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LABU vs. GEVG - 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 Leverage Shares 2X Long GEV Daily ETF (GEVG). 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	GEVG	Difference
Sharpe ratio: Return per unit of total volatility	3.64	—	—
Sortino ratio: Return per unit of downside risk	3.41	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	9.40	—	—
Martin ratio: Return relative to average drawdown	26.08	—	—

Drawdowns

LABU vs. GEVG - Drawdown Comparison

The maximum LABU drawdown since its inception was -99.18%, which is greater than GEVG's maximum drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for LABU and GEVG.

Drawdown Indicators

	LABU	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-99.18%	-45.50%	-53.68%
Max Drawdown (1Y) Largest decline over 1 year	-30.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-78.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-97.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.96%	—	—
Current Drawdown Current decline from peak	-94.37%	-25.95%	-68.42%
Average Drawdown Average peak-to-trough decline	-81.78%	-12.01%	-69.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.05%	—	—

Volatility

Volatility by Period

	LABU	GEVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	63.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	79.41%	102.65%	-23.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.05%	102.65%	-6.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.22%	102.65%	-7.43%

LABU vs. GEVG - Expense Ratio Comparison

LABU has a 0.96% expense ratio, which is higher than GEVG's 0.75% expense ratio.

Dividends

LABU vs. GEVG - Dividend Comparison

LABU's dividend yield for the trailing twelve months is around 0.40%, while GEVG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GEVG Leverage Shares 2X Long GEV Daily ETF	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	0.40%	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 GEVG in my portfolio?

LABU and GEVG 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 ETF is better, LABU or GEVG?

On fees, GEVG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LABU or GEVG?

GEVG is cheaper with a 0.75% expense ratio, compared with 0.96% for LABU.

Which ETF pays a higher dividend yield, LABU or GEVG?

LABU has the higher dividend yield at 0.40%, compared with 0.00% for GEVG.

What is the main difference between LABU and GEVG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.96% for LABU and 0.75% for GEVG.