LABX vs. SPUU
LABX (Tradr 2X Long ALAB Daily ETF) and SPUU (Direxion Daily S&P 500 Bull 2X ETF) are both Leveraged Equities funds. LABX is actively managed, while SPUU is passively managed. Their 0.46 correlation means their historical movements had little consistent relationship. LABX charges 1.30%/yr vs 0.60%/yr for SPUU.
Performance
LABX vs. SPUU - Performance Comparison
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Returns By Period
In the year-to-date period, LABX achieves a 74.20% return, which is significantly higher than SPUU's 16.72% return.
LABX
- 1D
- 7.97%
- 1M
- -47.53%
- 6M
- 121.72%
- YTD
- 74.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SPUU
- 1D
- 1.52%
- 1M
- 0.24%
- 6M
- 14.02%
- YTD
- 16.72%
- 1Y
- 38.14%
- 3Y*
- 31.33%
- 5Y*
- 17.73%
- 10Y*
- 23.82%
- ALL TIME*
- 21.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.13M | $17.26M | $25.80M | |
| $4.20M | $4.55M | $4.33M |
LABX vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LABX Tradr 2X Long ALAB Daily ETF | 74.20% | -42.53% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 16.72% | 13.42% |
Correlation
The correlation between LABX and SPUU is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025 | 0.46 |
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Return for Risk
LABX vs. SPUU — Risk / Return Rank
LABX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPUU
LABX vs. SPUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ALAB Daily ETF (LABX) and Direxion Daily S&P 500 Bull 2X ETF (SPUU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LABX | SPUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.85 | — |
| Martin ratioReturn relative to average drawdown | — | 7.47 | — |
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Drawdowns
LABX vs. SPUU - Drawdown Comparison
The maximum LABX drawdown since its inception was -90.93%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for LABX and SPUU.
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Drawdown Indicators
| LABX | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.93% | -59.35% | -31.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.19% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -63.93% | -3.83% | -60.10% |
Average DrawdownAverage peak-to-trough decline | -53.31% | -9.44% | -43.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.51% | — |
Volatility
LABX vs. SPUU - Volatility Comparison
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Volatility by Period
| LABX | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 196.34% | 25.88% | +170.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 196.34% | 33.70% | +162.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 196.34% | 35.79% | +160.55% |
LABX vs. SPUU - Expense Ratio Comparison
LABX has a 1.30% expense ratio, which is higher than SPUU's 0.60% expense ratio.
Dividends
LABX vs. SPUU - Dividend Comparison
LABX has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 1.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LABX Tradr 2X Long ALAB Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 1.34% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Frequently Asked Questions
LABX and SPUU have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPUU is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPUU is cheaper with a 0.60% expense ratio, compared with 1.30% for LABX.
SPUU has the higher dividend yield at 1.34%, compared with 0.00% for LABX.
They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for LABX and 0.60% for SPUU.
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