MORF vs. LABU

Last updated Apr 1, 2026

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.

Performance

MORF vs. LABU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morphic Holding, Inc. (MORF) and Direxion Daily S&P Biotech Bull 3x Shares (LABU). The values are adjusted to include any dividend payments, if applicable.

MORF vs. LABU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MORF Morphic Holding, Inc.	0.00%	0.00%	97.33%	7.96%	-43.54%	41.22%	95.51%	-4.67%
LABU Direxion Daily S&P Biotech Bull 3x Shares	4.20%	79.17%	-26.02%	-13.41%	-80.36%	-64.15%	74.66%	21.38%

Returns By Period

MORF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LABU

• 1D: 22.31%
• 1M: -3.83%
• YTD: 4.20%
• 6M: 78.34%
• 1Y: 175.22%
• 3Y*: 19.86%
• 5Y*: -36.38%
• 10Y*: -11.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MORF vs. LABU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LABU

LABU Risk / Return Rank: 90
LABU Sharpe Ratio Rank: 92
LABU Sortino Ratio Rank: 90
LABU Omega Ratio Rank: 82
LABU Calmar Ratio Rank: 94
LABU Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MORF vs. LABU - Risk-Adjusted Trends 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MORF	LABU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.04	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.24	—

Correlation

The correlation between MORF and LABU is 0.50, 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.

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 0.74%.

	TTM	2025	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%	0.00%
LABU Direxion Daily S&P Biotech Bull 3x Shares	0.74%	0.84%	0.35%	0.35%	0.00%	0.00%	0.00%	0.28%	0.64%	0.17%

Drawdowns

Drawdown Indicators

	MORF	LABU	Difference
Max Drawdown Largest peak-to-trough decline	—	-99.18%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-36.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-97.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.96%	—
Current Drawdown Current decline from peak	—	-96.33%	—
Average Drawdown Average peak-to-trough decline	—	-81.45%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.01%	—

Volatility

Volatility by Period

	MORF	LABU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	33.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	56.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	87.36%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	95.74%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	95.91%	—