LABU vs. LABD
Compare and contrast key facts about Direxion Daily S&P Biotech Bull 3x Shares (LABU) and Direxion Daily S&P Biotech Bear 3x Shares (LABD).
LABU and LABD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. LABD 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. Both LABU and LABD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LABU or LABD.
Key characteristics
| LABU | LABD | |
|---|---|---|
| YTD Return | -3.63% | -20.90% |
| 1Y Return | -11.42% | -41.42% |
| 3Y Return (Ann) | -54.20% | -31.35% |
| 5Y Return (Ann) | -32.90% | -55.50% |
| Sharpe Ratio | -0.12 | -0.51 |
| Daily Std Dev | 82.23% | 83.06% |
| Max Drawdown | -98.92% | -99.97% |
| Current Drawdown | -97.44% | -99.96% |
Correlation
The correlation between LABU and LABD is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
LABU vs. LABD - Performance Comparison
In the year-to-date period, LABU achieves a -3.63% return, which is significantly higher than LABD's -20.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LABU vs. LABD - Expense Ratio Comparison
LABU has a 1.12% expense ratio, which is higher than LABD's 1.06% expense ratio.
Risk-Adjusted Performance
LABU vs. LABD - 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 Direxion Daily S&P Biotech Bear 3x Shares (LABD). 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. LABD - Dividend Comparison
LABU's dividend yield for the trailing twelve months is around 0.50%, less than LABD's 5.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.50% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
LABD Direxion Daily S&P Biotech Bear 3x Shares | 5.82% | 6.13% | 0.53% | 0.00% | 3.96% | 1.75% | 0.80% | 0.00% |
Drawdowns
LABU vs. LABD - Drawdown Comparison
The maximum LABU drawdown since its inception was -98.92%, roughly equal to the maximum LABD drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for LABU and LABD. For additional features, visit the drawdowns tool.
Volatility
LABU vs. LABD - Volatility Comparison
Direxion Daily S&P Biotech Bull 3x Shares (LABU) and Direxion Daily S&P Biotech Bear 3x Shares (LABD) have volatilities of 20.50% and 21.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.