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

Performance

LABU vs. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
-10.67%
20.62%
LABU
TQQQ

Returns By Period

In the year-to-date period, LABU achieves a -15.02% return, which is significantly lower than TQQQ's 54.08% return.


LABU

YTD

-15.02%

1M

-21.14%

6M

-8.48%

1Y

44.67%

5Y (annualized)

-35.33%

10Y (annualized)

N/A

TQQQ

YTD

54.08%

1M

3.55%

6M

20.54%

1Y

75.53%

5Y (annualized)

34.11%

10Y (annualized)

34.59%

Key characteristics


LABUTQQQ
Sharpe Ratio0.631.57
Sortino Ratio1.342.03
Omega Ratio1.161.27
Calmar Ratio0.511.60
Martin Ratio1.866.56
Ulcer Index26.88%12.46%
Daily Std Dev79.45%51.94%
Max Drawdown-98.92%-81.66%
Current Drawdown-97.74%-9.84%

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LABU vs. TQQQ - Expense Ratio Comparison

LABU has a 1.12% expense ratio, which is higher than TQQQ's 0.95% 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 TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.6

The correlation between LABU and TQQQ is 0.58, 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. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). 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 0.63, compared to the broader market0.002.004.006.000.631.57
The chart of Sortino ratio for LABU, currently valued at 1.34, compared to the broader market-2.000.002.004.006.008.0010.0012.001.342.03
The chart of Omega ratio for LABU, currently valued at 1.16, compared to the broader market0.501.001.502.002.503.001.161.27
The chart of Calmar ratio for LABU, currently valued at 0.51, compared to the broader market0.005.0010.0015.0020.000.511.60
The chart of Martin ratio for LABU, currently valued at 1.86, compared to the broader market0.0020.0040.0060.0080.00100.00120.001.866.56
LABU
TQQQ

The current LABU Sharpe Ratio is 0.63, which is lower than the TQQQ Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of LABU and TQQQ, 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 Ratio-0.500.000.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
0.63
1.57
LABU
TQQQ

Dividends

LABU vs. TQQQ - Dividend Comparison

LABU's dividend yield for the trailing twelve months is around 0.50%, less than TQQQ's 1.23% yield.


TTM2023202220212020201920182017201620152014
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%
TQQQ
ProShares UltraPro QQQ
1.23%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

LABU vs. TQQQ - Drawdown Comparison

The maximum LABU drawdown since its inception was -98.92%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for LABU and TQQQ. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-97.74%
-9.84%
LABU
TQQQ

Volatility

LABU vs. TQQQ - Volatility Comparison

Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a higher volatility of 25.73% compared to ProShares UltraPro QQQ (TQQQ) at 17.03%. This indicates that LABU's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
25.73%
17.03%
LABU
TQQQ