LABU vs. RWM
Compare and contrast key facts about Direxion Daily S&P Biotech Bull 3x Shares (LABU) and ProShares Short Russell2000 (RWM).
LABU and RWM 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. RWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 (-100%). It was launched on Jan 23, 2007. Both LABU and RWM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
LABU vs. RWM - Performance Comparison
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LABU vs. RWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 4.20% | 79.17% | -26.02% | -13.41% | -80.36% | -64.15% | 74.66% | 75.50% | -57.61% | 149.12% |
RWM ProShares Short Russell2000 | -0.52% | -9.40% | -5.91% | -10.43% | 18.34% | -17.90% | -31.04% | -19.83% | 11.57% | -13.61% |
Returns By Period
In the year-to-date period, LABU achieves a 4.20% return, which is significantly higher than RWM's -0.52% return. Over the past 10 years, LABU has underperformed RWM with an annualized return of -11.81%, while RWM has yielded a comparatively higher -11.01% annualized return.
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%
RWM
- 1D
- -3.51%
- 1M
- 5.06%
- YTD
- -0.52%
- 6M
- -1.93%
- 1Y
- -19.15%
- 3Y*
- -8.15%
- 5Y*
- -2.92%
- 10Y*
- -11.01%
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LABU vs. RWM - Expense Ratio Comparison
LABU has a 1.12% expense ratio, which is higher than RWM's 0.95% expense ratio.
Return for Risk
LABU vs. RWM — Risk / Return Rank
LABU
RWM
LABU vs. RWM - 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 ProShares Short Russell2000 (RWM). 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 | RWM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | -0.83 | +2.87 |
Sortino ratioReturn per unit of downside risk | 2.48 | -1.09 | +3.57 |
Omega ratioGain probability vs. loss probability | 1.31 | 0.87 | +0.44 |
Calmar ratioReturn relative to maximum drawdown | 3.74 | -0.54 | +4.28 |
Martin ratioReturn relative to average drawdown | 11.90 | -0.74 | +12.64 |
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 | RWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | -0.83 | +2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | -0.13 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | -0.48 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | -0.46 | +0.22 |
Correlation
The correlation between LABU and RWM is -0.70. 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.
Dividends
LABU vs. RWM - Dividend Comparison
LABU's dividend yield for the trailing twelve months is around 0.74%, less than RWM's 3.57% yield.
| 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% |
RWM ProShares Short Russell2000 | 3.57% | 3.97% | 6.03% | 4.78% | 0.39% | 0.00% | 0.20% | 1.55% | 0.87% | 0.07% |
Drawdowns
LABU vs. RWM - Drawdown Comparison
The maximum LABU drawdown since its inception was -99.18%, roughly equal to the maximum RWM drawdown of -95.12%. Use the drawdown chart below to compare losses from any high point for LABU and RWM.
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Drawdown Indicators
| LABU | RWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.18% | -95.12% | -4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -36.66% | -34.53% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -97.75% | -36.80% | -60.95% |
Max Drawdown (10Y)Largest decline over 10 years | -98.96% | -71.94% | -27.02% |
Current DrawdownCurrent decline from peak | -96.33% | -94.70% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -81.45% | -73.85% | -7.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.01% | 25.23% | -13.22% |
Volatility
LABU vs. RWM - Volatility Comparison
Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a higher volatility of 33.99% compared to ProShares Short Russell2000 (RWM) at 7.47%. This indicates that LABU's price experiences larger fluctuations and is considered to be riskier than RWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LABU | RWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.99% | 7.47% | +26.52% |
Volatility (6M)Calculated over the trailing 6-month period | 56.88% | 14.43% | +42.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.36% | 23.18% | +64.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.74% | 22.58% | +73.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.91% | 23.07% | +72.84% |