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.
Key characteristics
| MORF | LABU | |
|---|---|---|
| YTD Return | 97.33% | 12.99% |
| 1Y Return | 8.57% | 59.85% |
| 3Y Return (Ann) | -5.62% | -52.99% |
| 5Y Return (Ann) | 26.75% | -29.52% |
| Sharpe Ratio | 0.04 | 0.71 |
| Daily Std Dev | 104.54% | 85.01% |
| Max Drawdown | -76.74% | -98.92% |
| Current Drawdown | -32.83% | -97.00% |
Correlation
The correlation between MORF and LABU is 0.56, 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
In the year-to-date period, MORF achieves a 97.33% return, which is significantly higher than LABU's 12.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 0.38%.
| TTM | 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% |
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.38% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
Drawdowns
MORF vs. LABU - Drawdown Comparison
The maximum MORF drawdown since its inception was -76.74%, smaller than the maximum LABU drawdown of -98.92%. Use the drawdown chart below to compare losses from any high point for MORF and LABU. For additional features, visit the drawdowns tool.
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 15.20%. 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.