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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 High16.48
52 wk Low3.77
Inception:May 2015
(as of 2018-01-16)
Total Returns:
1 day9.0%
5 day-6.4%
1 month-15.8%
3 month-7.5%
6 month-35.7%
9 month-60.5%
1 year-69.6%
Compare Funds:
Correlated Group: Health Care (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
Proshares UltraShort QQQQID0.53  
ProShares Short QQQPSQ0.53  
ProShares UltraPro Short QQQSQQQ0.53  
Direxion Small Cap Bear 3X SharesTZA0.50  
Proshares UltraShort Russell2000TWM0.50  
Proshares Short Russell 2000RWM0.49  
ProShares UltraPro Short Russell2000SRTY0.49  
Proshares UltraShort S&P500SDS0.49  
Direxion S&P 500 Bear 3X SharesSPXS0.49  
ProShares Short S&P 500SH0.49  
Least Correlated
ProShares Ultra SilverAGQ0.01  
SPDR Nuveen S&P High Yield Muni Bond ETFHYMB0.01  
SPDR DB Intl Govt Infl-Protected BondWIP0.01  
VelocityShares 3x Long Silver ETNUSLV0.01  
PIMCO 1-3 Year US Treasury Index ETFTUZ0.00  
ETFS Physical Silver SharesSIVR0.00  
iShares iBonds Dec 2023 Corp ETFIBDO-0.00  
Global X Uranium ETFURA-0.00  
iShares iBonds Dec 2021 Corp ETFIBDM-0.00  
PIMCO Enhanced Short Maturity Strgy ETFMINT-0.01  
Most Inversely Correlated
VanEck Vectors Biotech ETFBBH-0.79  
ARK Genomic Revln Multi Sector ETFARKG-0.81  
PowerShares DWA HealthcarePTH-0.84  
iShares NASDAQ Biotechnology Index FundIBB-0.89  
ProShares Ultra Nasdaq BiotechnologyBIB-0.89  
ProShares UltraPro Nasdaq Biotech ETFUBIO-0.89  
ALPS Medical Breakthroughs ETFSBIO-0.90  
First Trust NYSE Biotech IndexFBT-0.90  
SPDR BioTech ETFXBI-1.00  
Direxion Daily S&P Biotech Bull 3X ETFLABU-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: 2018-01-12.

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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