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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 Vol8m
52 wk High12.59
52 wk Low2.85
Inception:May 2015
(as of 2018-02-16)
Total Returns:
1 day0.9%
5 day-17.0%
1 month-19.7%
3 month-42.6%
6 month-55.1%
9 month-66.9%
1 year-71.3%
Compare Funds:
Correlated Group: Health Care (View cGroup) (All Groups)


Correlated Funds

Most Directly Correlated
ProShares UltraShort Nasdaq BiotechnologyBIS0.92  
ProShares UltraPro 3x Shrt Crude Oil ETFOILD0.66  
Proshares UltraShort Russell2000TWM0.64  
Direxion Small Cap Bear 3X SharesTZA0.64  
ProShares UltraPro Short Russell2000SRTY0.63  
Proshares Short Russell 2000RWM0.63  
Proshares UltraShort QQQQID0.63  
ProShares UltraPro Short QQQSQQQ0.62  
ProShares Short QQQPSQ0.62  
Direxion Daily S&P 500 Bear 1X SharesSPDN0.62  
Least Correlated
PowerShares DB Gold FundDGL0.00  
iShares iBonds Dec 2025 Corp ETFIBDQ0.00  
iShares S&P Short Trm National Muni BondSUB0.00  
iShares COMEX GoldIAU0.00  
PowerShares Intl Corp Bond PortPICB0.00  
First Trust Enh Short Maturity ETFFTSM0.00  
PowerShares Glbl S/T Hi Yld Bd ETFPGHY-0.00  
First Trust Pref Securities and IncomeFPE-0.01  
WisdomTree Bloomberg US Dllr Bullish ETFUSDU-0.01  
PowerShares DB Precious Metals FundDBP-0.01  
Most Inversely Correlated
ARK Genomic Revln Multi Sector ETFARKG-0.86  
iShares NASDAQ Biotechnology Index FundIBB-0.92  
ProShares Ultra Nasdaq BiotechnologyBIB-0.92  
ProShares UltraPro Nasdaq Biotech ETFUBIO-0.92  
ALPS Medical Breakthroughs ETFSBIO-0.92  
Global X US Infrastructure ETFPAVE-0.92  
First Trust NYSE Biotech IndexFBT-0.93  
iShares Core MSCI Intl Dev Mkts ETFIDEV-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: 2018-02-16.

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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