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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 Low4.92
Inception:May 2015
(as of 2017-09-19)
Total Returns:
1 day1.4%
5 day-0.8%
1 month-29.7%
3 month-34.1%
6 month-54.8%
9 month-69.6%
1 year-71.4%
Compare Funds:
Correlated Group: Health Care (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
ProShares UltraShort Nasdaq BiotechnologyBIS0.95  
ProShares Short QQQPSQ0.63  
Proshares UltraShort QQQQID0.62  
ProShares UltraPro Short QQQSQQQ0.62  
Direxion Technology Bear 3X SharesTECS0.56  
Proshares UltraShort Russell2000TWM0.56  
Direxion Small Cap Bear 3X SharesTZA0.56  
ProShares UltraPro Short Russell2000SRTY0.55  
Proshares Short Russell 2000RWM0.55  
Direxion Daily Semiconductor Bear 3x SharesSOXS0.54  
Least Correlated
iShares iBoxx$ Invst Grd Cp BdLQD0.01  
Guggenheim S&P Equal Weight Energy ETFRYE0.01  
FlexShares iBoxx 5-Year Target Duration TIPS IndexTDTF0.00  
PowerShares Insured National Municipal Bond PPZA0.00  
Schwab U.S. TIPS ETFSCHP0.00  
SPDR Barclays 1-3 Month T-Bill ETFBIL0.00  
SPDR Barclays Capital TIPS ETFIPE0.00  
AdvisorShares Newfleet Multi-Sector IncomeMINC-0.00  
Global X/InterBolsa FTSE Colombia 20 ETFGXG-0.00  
iShares S&P Global Energy Index FundIXC-0.00  
Most Inversely Correlated
PowerShares DWA HealthcarePTH-0.86  
VanEck Vectors Biotech ETFBBH-0.89  
PowerShares Dyn Biotech & GenomePBE-0.92  
ProShares UltraPro Nasdaq Biotech ETFUBIO-0.95  
ProShares Ultra Nasdaq BiotechnologyBIB-0.95  
iShares NASDAQ Biotechnology Index FundIBB-0.95  
ALPS Medical Breakthroughs ETFSBIO-0.95  
First Trust NYSE Biotech IndexFBT-0.95  
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: 2017-09-15.

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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