NETG vs. LABU
NETG (Leverage Shares 2X Long NET Daily ETF) and LABU (Direxion Daily S&P Biotech Bull 3x Shares) are both Leveraged Equities funds. NETG is actively managed, while LABU is passively managed. At a 0.17 correlation, their price movements are largely independent. NETG charges 0.75%/yr vs 0.96%/yr for LABU.
Performance
NETG vs. LABU - Performance Comparison
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Returns By Period
In the year-to-date period, NETG achieves a 17.70% return, which is significantly lower than LABU's 59.21% return.
NETG
- 1D
- -4.91%
- 1M
- 32.57%
- 6M
- 56.22%
- YTD
- 17.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
LABU
- 1D
- 0.04%
- 1M
- 7.89%
- 6M
- 29.51%
- YTD
- 59.21%
- 1Y
- 280.38%
- 3Y*
- 29.87%
- 5Y*
- -26.30%
- 10Y*
- -9.90%
- ALL TIME*
- -19.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $112.35M | $136.66M | $119.92M | |
| $1.03M | $1.37M | $3.60M |
NETG vs. LABU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NETG Leverage Shares 2X Long NET Daily ETF | 17.70% | -12.00% |
LABU Direxion Daily S&P Biotech Bull 3x Shares | 59.21% | 19.80% |
Correlation
The correlation between NETG and LABU is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.17 |
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Return for Risk
NETG vs. LABU — Risk / Return Rank
NETG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LABU
NETG vs. LABU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NET Daily ETF (NETG) 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.
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.
| NETG | LABU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.20 | — |
| Martin ratioReturn relative to average drawdown | — | 24.87 | — |
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Drawdowns
NETG vs. LABU - Drawdown Comparison
The maximum NETG drawdown since its inception was -52.45%, smaller than the maximum LABU drawdown of -99.18%. Use the drawdown chart below to compare losses from any high point for NETG and LABU.
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Drawdown Indicators
| NETG | LABU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.45% | -99.18% | +46.73% |
Max Drawdown (1Y)Largest decline over 1 year | — | -30.70% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -78.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.96% | — |
Current DrawdownCurrent decline from peak | -14.03% | -94.39% | +80.36% |
Average DrawdownAverage peak-to-trough decline | -22.50% | -81.81% | +59.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.40% | — |
Volatility
NETG vs. LABU - Volatility Comparison
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Volatility by Period
| NETG | LABU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 63.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 133.45% | 79.61% | +53.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 133.45% | 96.09% | +37.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 133.45% | 95.22% | +38.23% |
NETG vs. LABU - Expense Ratio Comparison
NETG has a 0.75% expense ratio, which is lower than LABU's 0.96% expense ratio.
Dividends
NETG vs. LABU - Dividend Comparison
NETG has not paid dividends to shareholders, while LABU's dividend yield for the trailing twelve months is around 0.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.40% | 0.84% | 0.35% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
NETG Leverage Shares 2X Long NET Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NETG and LABU have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NETG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NETG is cheaper with a 0.75% expense ratio, compared with 0.96% for LABU.
LABU has the higher dividend yield at 0.40%, compared with 0.00% for NETG.
They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for NETG and 0.96% for LABU.
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