QSU vs. LABU
QSU (Defiance Daily Target 2X Long QS ETF) and LABU (Direxion Daily S&P Biotech Bull 3x Shares) are both Leveraged Equities funds. QSU is actively managed, while LABU is passively managed. At a 0.41 correlation, their price movements are largely independent. QSU charges 1.31%/yr vs 1.12%/yr for LABU.
Performance
QSU vs. LABU - Performance Comparison
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Returns By Period
In the year-to-date period, QSU achieves a -70.86% return, which is significantly lower than LABU's 90.38% return.
QSU
- 1D
- -14.15%
- 1M
- -42.07%
- 6M
- -73.99%
- YTD
- -70.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LABU
- 1D
- 7.54%
- 1M
- 83.41%
- 6M
- 92.67%
- YTD
- 90.38%
- 1Y
- 396.23%
- 3Y*
- 38.16%
- 5Y*
- -27.14%
- 10Y*
- -6.64%
QSU vs. LABU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QSU Defiance Daily Target 2X Long QS ETF | -70.86% | -65.11% |
LABU Direxion Daily S&P Biotech Bull 3x Shares | 90.38% | 30.14% |
Correlation
The correlation between QSU and LABU is 0.41, 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 Oct 21, 2025 | 0.41 |
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Return for Risk
QSU vs. LABU — Risk / Return Rank
QSU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LABU
QSU vs. LABU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long QS ETF (QSU) 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.
| QSU | LABU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.48 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 13.24 | — |
| Martin ratioReturn relative to average drawdown | — | 37.19 | — |
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Drawdowns
QSU vs. LABU - Drawdown Comparison
The maximum QSU drawdown since its inception was -92.77%, smaller than the maximum LABU drawdown of -99.18%. Use the drawdown chart below to compare losses from any high point for QSU and LABU.
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Drawdown Indicators
| QSU | LABU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.77% | -99.18% | +6.41% |
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 | — | -97.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.96% | — |
Current DrawdownCurrent decline from peak | -92.07% | -93.29% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -75.36% | -81.75% | +6.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.91% | — |
Volatility
QSU vs. LABU - Volatility Comparison
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Volatility by Period
| QSU | LABU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 63.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 154.34% | 79.53% | +74.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 154.34% | 96.00% | +58.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 154.34% | 95.20% | +59.14% |
QSU vs. LABU - Expense Ratio Comparison
QSU has a 1.31% expense ratio, which is higher than LABU's 1.12% expense ratio.
Dividends
QSU vs. LABU - Dividend Comparison
QSU has not paid dividends to shareholders, while LABU's dividend yield for the trailing twelve months is around 0.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.33% | 0.84% | 0.35% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% |
QSU Defiance Daily Target 2X Long QS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QSU and LABU have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LABU is cheaper at 1.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LABU is cheaper with a 1.12% expense ratio, compared with 1.31% for QSU.
LABU has the higher dividend yield at 0.33%, compared with 0.00% for QSU.
They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for QSU and 1.12% for LABU.
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