NVDX vs. LABU
Compare and contrast key facts about T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and Direxion Daily S&P Biotech Bull 3x Shares (LABU).
NVDX and LABU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDX is an actively managed fund by REX Shares. It was launched on Oct 19, 2023. 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: NVDX or LABU.
Key characteristics
NVDX | LABU | |
---|---|---|
YTD Return | 426.66% | -9.85% |
Daily Std Dev | 94.51% | 83.38% |
Max Drawdown | -37.65% | -98.92% |
Current Drawdown | -15.87% | -97.60% |
Correlation
The correlation between NVDX and LABU is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NVDX vs. LABU - Performance Comparison
In the year-to-date period, NVDX achieves a 426.66% return, which is significantly higher than LABU's -9.85% 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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NVDX vs. LABU - Expense Ratio Comparison
NVDX has a 1.05% expense ratio, which is lower than LABU's 1.12% expense ratio.
Risk-Adjusted Performance
NVDX vs. LABU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) 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
NVDX vs. LABU - Dividend Comparison
NVDX has not paid dividends to shareholders, while LABU's dividend yield for the trailing twelve months is around 0.51%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|---|---|---|
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 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 | 0.51% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
Drawdowns
NVDX vs. LABU - Drawdown Comparison
The maximum NVDX drawdown since its inception was -37.65%, smaller than the maximum LABU drawdown of -98.92%. Use the drawdown chart below to compare losses from any high point for NVDX and LABU. For additional features, visit the drawdowns tool.
Volatility
NVDX vs. LABU - Volatility Comparison
T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 31.11% compared to Direxion Daily S&P Biotech Bull 3x Shares (LABU) at 19.85%. This indicates that NVDX's price experiences larger fluctuations and is considered to be riskier than LABU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.