MORF vs. LABU
Compare and contrast key facts about Morphic Holding, Inc. (MORF) and Direxion Daily S&P Biotech Bull 3x Shares (LABU).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MORF or LABU.
Correlation
The correlation between MORF and LABU is 0.55, 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.
Performance
MORF vs. LABU - Performance Comparison
Key characteristics
Returns By Period
MORF
N/A
N/A
N/A
N/A
N/A
N/A
LABU
0.56%
9.56%
-35.13%
-30.78%
-40.54%
N/A
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Risk-Adjusted Performance
MORF vs. LABU — Risk-Adjusted Performance Rank
MORF
LABU
MORF vs. LABU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morphic Holding, Inc. (MORF) and Direxion Daily S&P Biotech Bull 3x Shares (LABU). 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
MORF vs. LABU - Dividend Comparison
MORF has not paid dividends to shareholders, while LABU's dividend yield for the trailing twelve months is around 0.34%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
MORF Morphic Holding, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.34% | 0.35% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
Drawdowns
MORF vs. LABU - Drawdown Comparison
Volatility
MORF vs. LABU - Volatility Comparison
The current volatility for Morphic Holding, Inc. (MORF) is 0.00%, while Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a volatility of 18.22%. This indicates that MORF experiences smaller price fluctuations and is considered to be less risky than LABU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.