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





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Volume(000's)


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

ETF Symbol:
Price7.85
Volume12m
Avg Vol16m
RSf0.4
$Vol(21d)128m
52 wk High29.72
52 wk Low5.72
Yield(ttm)3.52%
Inception:May 2015
Total Returns:
1 day5.7%
5 day12.5%
1 month-3.0%
3 month-30.9%
6 month-55.2%
9 month-32.7%
1 year-59.0%
Price Data: Closing Price
 
Compare Funds:
Correlated Group: Health Care (View cGroup) (All Groups)




Correlated Funds

Most Directly Correlated
Proshares Short Russell 2000RWM0.77  
Direxion Small Cap Bear 3X SharesTZA0.77  
Proshares UltraShort Russell2000TWM0.77  
ProShares UltraPro Short Russell2000SRTY0.77  
Tuttle Capital Short Innovation ETFSARK0.70  
Active Bear ETF HDGE0.65  
Direxion Daily S&P500 Hig Beta Bear 3xHIBS0.61  
Direxion Daily Real Estate Bear 3X ShrsDRV0.58  
QuantShares U.S. Mkt Neutral Anti-Beta ETFBTAL0.57  
MicroSectors US Big Banks -3X Inverse Levgs ETNBNKD0.56  
Least Correlated
FT Cboe Vest US Eqty Enh and Mod - MarXMAR0.01  
Breakwave Dry Bulk Shipping ETFBDRY0.01  
iShares S&P GSCI Commodity-Indexed TrGSG0.01  
iShares Commodity Dyn Roll Stgy ETFCOMT0.00  
SPDR Barclays Capital Inv Grade Floating RtFLRN0.00  
WisdomTree US Agg Bond Zero DurAGZD-0.01  
Janus Henderson B-BBB CLOJBBB-0.01  
Direxion Daily MSFT Bull 1.5XMSFU-0.01  
Invesco Optm Yld Divsfd Comdty ETFPDBC-0.01  
Invesco DB Commodity Index TrackingDBC-0.01  
Most Inversely Correlated
First Trust NYSE Biotech IndexFBT-0.86  
ARK Genomic Revln Multi Sector ETFARKG-0.86  
Invesco Dyn Biotech & GenomePBE-0.89  
Loncar Cancer Immunotherapy ETFCNCR-0.90  
iShares NASDAQ Biotechnology Index FundIBB-0.90  
Global X Genomics & Biotechnology ETFGNOM-0.90  
ProShares Ultra Nasdaq BiotechnologyBIB-0.91  
iShares Genomics Immunology and HealthcareIDNA-0.92  
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: 2024-03-15.


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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