LABU vs. SOXL
Compare and contrast key facts about Direxion Daily S&P Biotech Bull 3x Shares (LABU) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
LABU and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both LABU and SOXL 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 SOXL.
Performance
LABU vs. SOXL - Performance Comparison
Returns By Period
In the year-to-date period, LABU achieves a -15.02% return, which is significantly lower than SOXL's -10.83% return.
LABU
-15.02%
-21.14%
-8.48%
44.67%
-35.33%
N/A
SOXL
-10.83%
-21.04%
-41.69%
16.06%
15.15%
31.07%
Key characteristics
| LABU | SOXL | |
|---|---|---|
| Sharpe Ratio | 0.63 | 0.21 |
| Sortino Ratio | 1.34 | 0.99 |
| Omega Ratio | 1.16 | 1.13 |
| Calmar Ratio | 0.51 | 0.30 |
| Martin Ratio | 1.86 | 0.67 |
| Ulcer Index | 26.88% | 31.63% |
| Daily Std Dev | 79.45% | 100.79% |
| Max Drawdown | -98.92% | -90.46% |
| Current Drawdown | -97.74% | -61.05% |
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LABU vs. SOXL - Expense Ratio Comparison
LABU has a 1.12% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Correlation
The correlation between LABU and SOXL is 0.52, 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.
Risk-Adjusted Performance
LABU vs. SOXL - 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 Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
LABU's dividend yield for the trailing twelve months is around 0.50%, less than SOXL's 1.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.10% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
LABU vs. SOXL - Drawdown Comparison
The maximum LABU drawdown since its inception was -98.92%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for LABU and SOXL. For additional features, visit the drawdowns tool.
Volatility
LABU vs. SOXL - Volatility Comparison
Direxion Daily S&P Biotech Bull 3x Shares (LABU) and Direxion Daily Semiconductor Bull 3x Shares (SOXL) have volatilities of 25.73% and 26.78%, 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.