LABU vs. MORF

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily S&P Biotech Bull 3x Shares (LABU) and Morphic Holding, Inc. (MORF).

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.

Performance

LABU vs. MORF - 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 Morphic Holding, Inc. (MORF). The values are adjusted to include any dividend payments, if applicable.

LABU vs. MORF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LABU Direxion Daily S&P Biotech Bull 3x Shares	4.20%	79.17%	-26.02%	-13.41%	-80.36%	-64.15%	74.66%	21.38%
MORF Morphic Holding, Inc.	0.00%	0.00%	97.33%	7.96%	-43.54%	41.22%	95.51%	-4.67%

Returns By Period

LABU

• 1D: 22.31%
• 1M: -3.83%
• YTD: 4.20%
• 6M: 78.34%
• 1Y: 175.22%
• 3Y*: 19.86%
• 5Y*: -36.38%
• 10Y*: -11.81%

MORF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

LABU vs. MORF — Risk / Return Rank

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

LABU

LABU Risk / Return Rank: 90
LABU Sharpe Ratio Rank: 92
LABU Sortino Ratio Rank: 90
LABU Omega Ratio Rank: 82
LABU Calmar Ratio Rank: 94
LABU Martin Ratio Rank: 91

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. MORF - 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 Morphic Holding, Inc. (MORF). 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.

	LABU	MORF	Difference
Sharpe ratio Return per unit of total volatility	2.04	—	—
Sortino ratio Return per unit of downside risk	2.48	—	—
Omega ratio Gain probability vs. loss probability	1.31	—	—
Calmar ratio Return relative to maximum drawdown	3.74	—	—
Martin ratio Return relative to average drawdown	11.90	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LABU	MORF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	—	—

Correlation

The correlation between LABU and MORF is 0.50, 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.

Dividends

LABU vs. MORF - Dividend Comparison

LABU's dividend yield for the trailing twelve months is around 0.74%, while MORF has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LABU Direxion Daily S&P Biotech Bull 3x Shares	0.74%	0.84%	0.35%	0.35%	0.00%	0.00%	0.00%	0.28%	0.64%	0.17%
MORF Morphic Holding, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	LABU	MORF	Difference
Max Drawdown Largest peak-to-trough decline	-99.18%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-36.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-97.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.96%	—	—
Current Drawdown Current decline from peak	-96.33%	—	—
Average Drawdown Average peak-to-trough decline	-81.45%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	12.01%	—	—

Volatility

Volatility by Period

	LABU	MORF	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	56.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	87.36%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.74%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.91%	—	—