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Direxion Daily S&P Biotech Bear 3X ETF (LABD) - ETF


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Avg Vol6m
52 wk High31.70
52 wk Low4.22
Inception:May 2015
(as of 2017-10-20)
Total Returns:
1 day0.0%
5 day3.5%
1 month-4.6%
3 month-17.8%
6 month-54.7%
9 month-69.6%
1 year-79.1%
Compare Funds:
Correlated Group: Health Care (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
ProShares Short QQQPSQ0.59  
Proshares UltraShort QQQQID0.59  
ProShares UltraPro Short QQQSQQQ0.59  
Direxion Small Cap Bear 3X SharesTZA0.56  
Proshares UltraShort Russell2000TWM0.56  
ProShares UltraPro Short Russell2000SRTY0.55  
Proshares Short Russell 2000RWM0.55  
Direxion S&P 500 Bear 3X SharesSPXS0.52  
ProShares UltraPro Short S&P 500SPXU0.52  
Proshares UltraShort S&P500SDS0.52  
Least Correlated
VanEck Vectors Oil ServicesOIH0.00  
First Trust Managed Muni ETFFMB0.00  
Direxion Daily Nat Gas Related Bull 2x SharesGASL0.00  
iShares Barclays TIPS Bond FundTIP0.00  
iShares US Oil Equip & SvcsIEZ0.00  
iShares Core Total USD Bond Market ETFIUSB-0.00  
Vanguard Long-Term Corp Bond Idx ETFVCLT-0.00  
Global X/InterBolsa FTSE Colombia 20 ETFGXG-0.00  
PowerShares Insured National Municipal Bond PPZA-0.00  
First Trust ISE-Revere Natural Gas Index FundFCG-0.00  
Most Inversely Correlated
First Trust Health Care AlphaDEX FundFXH-0.75  
Vanguard Health CareVHT-0.75  
PowerShares DWA HealthcarePTH-0.86  
VanEck Vectors Biotech ETFBBH-0.87  
ProShares UltraPro Nasdaq Biotech ETFUBIO-0.93  
iShares NASDAQ Biotechnology Index FundIBB-0.94  
ProShares Ultra Nasdaq BiotechnologyBIB-0.94  
First Trust NYSE Biotech IndexFBT-0.94  
Direxion Daily S&P Biotech Bull 3X ETFLABU-1.00  
SPDR BioTech ETFXBI-1.00  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2017-10-20.

Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.

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