LABU vs. NVDX
Compare and contrast key facts about Direxion Daily S&P Biotech Bull 3x Shares (LABU) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX).
LABU and NVDX 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. NVDX is an actively managed fund by REX. It was launched on Oct 19, 2023.
Performance
LABU vs. NVDX - Performance Comparison
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LABU vs. NVDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 6.42% | 79.17% | -26.02% | 112.21% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | -17.35% | 26.24% | 384.03% | 32.65% |
Returns By Period
In the year-to-date period, LABU achieves a 6.42% return, which is significantly higher than NVDX's -17.35% return.
LABU
- 1D
- 2.13%
- 1M
- 0.08%
- YTD
- 6.42%
- 6M
- 75.49%
- 1Y
- 215.44%
- 3Y*
- 20.71%
- 5Y*
- -36.11%
- 10Y*
- -11.62%
NVDX
- 1D
- 1.58%
- 1M
- -9.35%
- YTD
- -17.35%
- 6M
- -24.04%
- 1Y
- 82.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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LABU vs. NVDX - Expense Ratio Comparison
LABU has a 1.12% expense ratio, which is higher than NVDX's 1.05% expense ratio.
Return for Risk
LABU vs. NVDX — Risk / Return Rank
LABU
NVDX
LABU vs. NVDX - 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 T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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 | NVDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.53 | 1.01 | +1.52 |
Sortino ratioReturn per unit of downside risk | 2.77 | 1.79 | +0.98 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 4.94 | 2.00 | +2.94 |
Martin ratioReturn relative to average drawdown | 15.35 | 4.79 | +10.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LABU | NVDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 1.01 | +1.52 |
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 | 1.23 | -1.46 |
Correlation
The correlation between LABU and NVDX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
LABU vs. NVDX - Dividend Comparison
LABU's dividend yield for the trailing twelve months is around 0.73%, less than NVDX's 4.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.73% | 0.84% | 0.35% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 4.05% | 3.35% | 15.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LABU vs. NVDX - Drawdown Comparison
The maximum LABU drawdown since its inception was -99.18%, which is greater than NVDX's maximum drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for LABU and NVDX.
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Drawdown Indicators
| LABU | NVDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.18% | -68.19% | -30.99% |
Max Drawdown (1Y)Largest decline over 1 year | -36.66% | -43.76% | +7.10% |
Max Drawdown (5Y)Largest decline over 5 years | -97.75% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.96% | — | — |
Current DrawdownCurrent decline from peak | -96.25% | -36.49% | -59.76% |
Average DrawdownAverage peak-to-trough decline | -81.45% | -20.52% | -60.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.80% | 18.29% | -6.49% |
Volatility
LABU vs. NVDX - Volatility Comparison
Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a higher volatility of 33.08% compared to T-REX 2X Long NVIDIA Daily Target ETF (NVDX) at 20.76%. This indicates that LABU's price experiences larger fluctuations and is considered to be riskier than NVDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LABU | NVDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.08% | 20.76% | +12.32% |
Volatility (6M)Calculated over the trailing 6-month period | 56.88% | 51.61% | +5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.51% | 82.24% | +4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.74% | 96.82% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.89% | 96.82% | -0.93% |