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LABU vs. SOXL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.5

Performance

LABU vs. SOXL - 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 Direxion Daily Semiconductor Bull 3x Shares (SOXL). The values are adjusted to include any dividend payments, if applicable.

0.00%500.00%1,000.00%1,500.00%2,000.00%2,500.00%JulyAugustSeptemberOctoberNovemberDecember
-96.94%
985.96%
LABU
SOXL

Key characteristics

Sharpe Ratio

LABU:

-0.05

SOXL:

-0.02

Sortino Ratio

LABU:

0.49

SOXL:

0.69

Omega Ratio

LABU:

1.06

SOXL:

1.09

Calmar Ratio

LABU:

-0.04

SOXL:

-0.03

Martin Ratio

LABU:

-0.13

SOXL:

-0.06

Ulcer Index

LABU:

28.88%

SOXL:

35.92%

Daily Std Dev

LABU:

77.76%

SOXL:

101.64%

Max Drawdown

LABU:

-98.92%

SOXL:

-90.46%

Current Drawdown

LABU:

-97.94%

SOXL:

-61.82%

Returns By Period

In the year-to-date period, LABU achieves a -22.54% return, which is significantly lower than SOXL's -12.59% return.


LABU

YTD

-22.54%

1M

-11.09%

6M

-16.21%

1Y

-10.04%

5Y*

-39.93%

10Y*

N/A

SOXL

YTD

-12.59%

1M

-4.18%

6M

-52.88%

1Y

-10.04%

5Y*

8.51%

10Y*

29.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


LABU vs. SOXL - Expense Ratio Comparison

LABU has a 1.12% expense ratio, which is higher than SOXL's 0.99% expense ratio.


LABU
Direxion Daily S&P Biotech Bull 3x Shares
Expense ratio chart for LABU: current value at 1.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.12%
Expense ratio chart for SOXL: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

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.


Sharpe ratio
The chart of Sharpe ratio for LABU, currently valued at -0.05, compared to the broader market0.002.004.00-0.05-0.02
The chart of Sortino ratio for LABU, currently valued at 0.48, compared to the broader market-2.000.002.004.006.008.0010.000.490.69
The chart of Omega ratio for LABU, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.001.061.09
The chart of Calmar ratio for LABU, currently valued at -0.04, compared to the broader market0.005.0010.0015.00-0.04-0.03
The chart of Martin ratio for LABU, currently valued at -0.13, compared to the broader market0.0020.0040.0060.0080.00100.00-0.13-0.06
LABU
SOXL

The current LABU Sharpe Ratio is -0.05, which is lower than the SOXL Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of LABU and SOXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
-0.05
-0.02
LABU
SOXL

Dividends

LABU vs. SOXL - Dividend Comparison

LABU's dividend yield for the trailing twelve months is around 0.33%, less than SOXL's 0.89% yield.


TTM2023202220212020201920182017201620152014
LABU
Direxion Daily S&P Biotech Bull 3x Shares
0.33%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
0.89%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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-97.94%
-61.82%
LABU
SOXL

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 23.96% and 24.92%, 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.


10.00%20.00%30.00%40.00%50.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
23.96%
24.92%
LABU
SOXL
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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