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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:
Price5.34
Volume4m
Avg Vol6m
RSf0.8
$Vol(21d)30m
52 wk High19.45
52 wk Low4.22
Inception:May 2015
(as of 2017-11-22)
Total Returns:
1 day-1.7%
5 day-6.0%
1 month5.5%
3 month-15.0%
6 month-46.1%
9 month-55.7%
1 year-65.4%
 
Compare Funds:
Correlated Group: Health Care (View cGroup) (All Groups)




 

Correlated Funds

Most Directly Correlated
ProShares UltraShort Nasdaq BiotechnologyBIS0.92  
Proshares UltraShort QQQQID0.59  
ProShares Short QQQPSQ0.58  
ProShares UltraPro Short QQQSQQQ0.58  
Direxion Small Cap Bear 3X SharesTZA0.55  
Proshares UltraShort Russell2000TWM0.55  
ProShares UltraPro Short Russell2000SRTY0.55  
Proshares Short Russell 2000RWM0.55  
Direxion S&P 500 Bear 3X SharesSPXS0.54  
Proshares UltraShort S&P500SDS0.53  
Least Correlated
ETFS Physical Platinum SharesPPLT0.00  
Vanguard Total Intl Bond ETFBNDX0.00  
Schwab Short-Term U.S. Treasury ETFSCHO0.00  
iShares Barclays Short Treasury Bond FundSHV0.00  
ETFS Physical Swiss Gold SharesSGOL0.00  
Janus Short Duration Income ETFVNLA-0.00  
iShares Barclays 0-5 Year TIPS Bond STIP-0.00  
Vanguard Tax-Exempt Bond ETFVTEB-0.00  
Direxion Energy Bull 3X SharesERX-0.00  
PowerShares Insured National Municipal Bond PPZA-0.00  
Most Inversely Correlated
First Trust Health Care AlphaDEX FundFXH-0.76  
PowerShares DWA HealthcarePTH-0.85  
ARK Genomic Revln Multi Sector ETFARKG-0.85  
VanEck Vectors Biotech ETFBBH-0.85  
ProShares UltraPro Nasdaq Biotech ETFUBIO-0.92  
iShares NASDAQ Biotechnology Index FundIBB-0.92  
ProShares Ultra Nasdaq BiotechnologyBIB-0.92  
First Trust NYSE Biotech IndexFBT-0.93  
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: 2017-11-17.
 


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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