LABU
LABU, or Direxion Daily S&P Biotech Bull 3X Shares, is an exchange-traded fund (ETF) designed to provide three times the daily return of the S&P Biotechnology Select Industry Index. It aims to deliver 3x the daily performance of the underlying index.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Oct 8, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
-22.29%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
-28.20%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
33.32%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
89.44%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
0.98
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
2.64
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Get Advanced Analysis NowFrequently Asked Questions
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Yes, LABU can be held in retirement accounts such as IRAs or 401(k)s. However, due to its high-risk, leveraged nature, it’s crucial to assess how it fits within your overall investment strategy and risk tolerance.
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Historical performance data for LABU includes past returns, NAV, and volatility. It’s important for investors to review performance charts and reports to understand how LABU has tracked its leveraged objective over different time periods.
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Key performance metrics for LABU include its net asset value (NAV), expense ratio, daily return performance, and leverage ratio. LABU targets 3x the daily performance of the S&P Biotechnology Select Industry Index.
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Risks include high volatility and the potential for significant losses due to LABU’s leveraged exposure. The ETF’s performance is highly sensitive to daily changes in the biotech sector, and leverage can amplify both gains and losses.
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LABU uses leverage to amplify its exposure to the biotechnology sector, targeting 3x the daily performance of the S&P Biotechnology Select Industry Index. Leverage can result in significant fluctuations in performance, especially over periods longer than one day due to compounding effects.
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Investors can purchase shares of LABU through a brokerage account. It is traded on major stock exchanges under the ticker symbol "LABU" and can be bought and sold like other stocks and ETFs.
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LABU has an expense ratio of approximately 1.04%. This fee reflects the cost of managing the fund, including administrative and operational expenses, and is expressed as a percentage of the fund’s average net assets.
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Factors influencing LABU’s performance include movements in the biotechnology sector, changes in the S&P Biotechnology Select Industry Index, market volatility, and the effects of leverage. The ETF’s daily rebalancing and compounding effects also impact performance.
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LABU rebalances its holdings daily to maintain its 3x leverage ratio relative to the S&P Biotechnology Select Industry Index. This daily rebalancing aims to achieve the 3x daily performance, though it can lead to performance deviations over longer periods due to the effects of compounding.
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LABU is managed by Direxion and seeks to achieve its investment objective by using financial instruments such as derivatives, including futures contracts, options, and swap agreements. It maintains its 3x leverage through daily rebalancing.
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Disclaimers
The information displayed on this site is sourced from third-party providers and is believed to be reliable. OHLCX has not independently verified this data and does not guarantee its accuracy. Content is for educational and informational purposes only and is not financial or investment advice.
With any investment, your capital is at risk. Past performance is no guarantee of future results. Consult your provider's terms and privacy policies where applicable.
Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.
Securities products are: Not FDIC insured · Not bank guaranteed · May lose value
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