DirexionLeveraged#213 of 232 by YTD

Direxion Daily S&P Biotech Bear 3X ETFLABD

1D 1M 3M YTD 1Y 3Y 5Y MAX

S&P 500 Bucket avg Compare

$7.24−7.5%

−$0.59 · Nov 6 close

Buy

AUM: $56M
Fee: 1.08%
Yield: 6.4%

Bumpy · 1Y: 6.6×S&P
Volume: 27.1M
NAV: $7.82

52-week range78% below the high

$5.81$33.24

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−7.5%	−12.1%	−2.4%	−64.9%	−75.7%	−96.8%	−96.1%	−100.0%
Peer average	−2.4%	+19.7%	+17.6%	−30.7%	−33.4%	−79.0%	−49.3%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

LABD in One Breath

LABD Among An Index ETFs

YTD

#1YANGDirexion+18.9%$82.1M

#2TYODirexion+16.3%$10.0M

#3TMVDirexion+16.0%$185M

#4TTTProShares+13.2%$15.2M

#5WEBSDirexion−4.8%$8.4M

#6CARDMax−8.2%$1.5M

#7FAZDirexion−15.0%$84.2M

#8SDOWProShares−18.1%$168M

#24LABDDirexion−64.9%$55.6M

End-of-day Nov 9, 2026 · 28 An index ETFs by YTD

$10,000 in LABD

$10,000 in LABD became

$391

In the S&P 500 (VOO)

$17,177

Total return, dividends in · Oct 29, 2021 – Nov 6, 2026 · S&P 500 uses VOO

LABD Returns by Period

Today

YTD

MAX

LABD

−7.5%

−12.1%

−2.4%

−64.9%

−75.7%

−96.8%

−96.1%

−100.0%

Peer average

−2.4%

+19.7%

+17.6%

−30.7%

−33.4%

−79.0%

−49.3%

—

S&P 500 · VOO

+0.3%

−5.0%

−4.6%

+8.7%

+9.8%

+80.8%

+71.8%

—

End-of-day Nov 9, 2026 · total return, dividends in · peers = 36 An index ETFs

LABD’s Leveraged Rank

YTD

#213of 232
leveraged ETFs

Best · ZSL+571.3%

Average−9.9%

LABD−64.9%

Worst · CRCD−91.8%

Leveraged ETFs by YTD return · Nov 9, 2026

LABD Price and 52-Week Range

From the 52-week high

−78.2%

From the 52-week low

+24.6%

Today $7.13 – $8.00

Previous close $7.83

$7.24 now

52-week low$5.8152-week high$33.24

End-of-day Nov 9, 2026 · box = today’s range, dashed = previous close

LABD’s Share of An Index ETFs

Today

0.0%

of the $120B in 404 An index ETFs

LABD$55.6M0.0%

TQQQ$29.1B24.1%

SOXL$13.6B11.3%

401 others$77.8B64.6%

An index ETF AUM · Nov 9, 2026

LABD Fee per $100 vs Peers

Today

$1.08a year
per $100

$108 a year on $10,000

SPXU$0.90

SQQQ$0.94

TZA$0.99

SOXS$1.00

SPXS$1.04

LABD$1.08

Expense ratio · An index peers · Nov 9, 2026

Inside LABD

11 holdings

LABD

Direxion Daily S&P Biotech Bear 3X ETF

Today

LABD gets its 3× exposure through swaps and futures, so a list of holdings would not show what you own: […]

Direxion LABD · holdings

How It Compares

LABD

Direxion Daily S&P Biotech Bear 3X ETF’s Peers


SOXS	DirexionRead Desk	1.00%	−88.8%	−88.3%	$5.5B
SQQQ	ProSharesRead Desk	0.94%	−25.0%	−27.7%	$2.1B
SPXU	ProSharesRead Desk	0.90%	−21.3%	−19.8%	$425M
SPXS	DirexionRead Desk	1.04%	−21.1%	−19.7%	$380M
TZA	DirexionRead Desk	0.99%	−34.9%	−32.4%	$194M
LABD	DirexionThis fundRead Desk	1.08%	−75.7%	−64.9%	$56M

An index peers · Past-year and ytd returns · as of Nov 9, 2026 · sorted by AUM

Head to Head

Put LABD head to head with SOXS →

SOXS vs LABD

YTD

SOXSDirexion · An indexLABDDirexion · An index

Year to date

−88.3%

−64.9%

LABD wins+23.4 pts

Past year

−88.8%

−75.7%

LABD wins+13.1 pts

Fee

1.00%

1.08%

SOXS winslower fee

Yield

16.7%

6.4%

SOXS wins+10.4 pts

AUM

$5.5B

$55.6M

SOXS99.3× more

2–2level

Direxion SOXS and Direxion LABD · year-to-date · as of Nov 9, 2026 · AUM not scored

LABD vs VOO

LABD · Direxion Daily S&P Biotech Bear 3X

−75.7%

VOO · S&P 500

+9.8%

Gap

85.5 pts

Direxion LABD and Vanguard VOO · 1Y total return · as of Nov 9, 2026

LABD vs Its Peer Average

YTD

LABDAvsBPeer average

1D−7.5%−2.4%

1M−12.1%+19.7%

3M−2.4%+17.6%

YTD−64.9%−30.7%

1Y−75.7%−33.4%

3Y−96.8%−79.0%

5Y−96.1%−49.3%

0–7Peer average wins

36 An index peers · each row scaled to its leader

How Bumpy Is LABD?

View

LABD

How Bumpy

6.6×the S&P 500’s swings

CalmerBumpierS&P 1×LABD

S&P 500 swings · 1Y13.6%

Direxion LABD · daily swings over the past year vs the S&P 500

LABD

Worst Drop

−81.0%from its Nov 4 high

Still below the high−76.4%

$10,000 at the high is now$2,360

Direxion LABD · fall from the highest close, past year

LABD

On a Bad Day

−3.0×rose, on average, when the S&P 500 fell

LABD’s worst day: Tuesday, Mar 31

LABD

−22.4%

S&P 500

2.9%

Up days45 of every 100

S&P 500 up days52 of every 100

Direxion LABD · average move on days the S&P 500 fell

LABD

Return for the Bumps

1Y#7 of 7 index funds

#1TMVDirexion · −3×

most for the bumps

#2SQQQProShares · −3×

lost money

#3SPXSDirexion · −3×

lost money

#4SPXUProShares · −3×

lost money

#5SOXSDirexion · −3×

lost money

#6TZADirexion · −3×

lost money

#7LABDDirexion · −3×

lost money

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

LABD

Cost

Today

$108a year per $10,000

SPXU

$90

SQQQ

$94

TMV

$97

TZA

$99

SOXS

$100

SPXS

$104

LABD

$108

Expense ratio 1.08%, taken from the fund’s value

LABD

Volatility & Beta

89.4%annual volatility

S&P 500 volatility13.6%

Downside volatility66.6%

Beta vs SPY−3.45

Correlation vs SPY−0.52

Beta rank, lowest first, of 7#3

Daily total returns × √252 · past 254 trading days

LABD

Max Drawdown

−81.0%peak to trough

Peak closeNov 4, 2025

Current drawdown−76.4%

Worst day−22.42% · Mar 31

Closing prices, dividends in

LABD

Up / Down Capture

−296%down capture vs SPY

Down days

−296%

Up days

−379%

S&P 500

100%

Up ÷ down capture[…]

Up days44.9% (S&P 52.0%)

Average daily move on SPY up days and down days

LABD

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
TMV −3×	0.79	1.18	28.4%	−17.1%	−0.53	$97
SQQQ −3×	−0.41	−0.60	63.5%	−63.3%	−4.35	$94
SPXS −3×	−0.56	−0.82	40.7%	−46.3%	−3.00	$104
SPXU −3×	−0.57	−0.84	40.5%	−46.3%	−2.98	$90
SOXS −3×	−0.63	−0.92	147.8%	−96.7%	−8.09	$100
TZA −3×	−0.69	−0.98	55.7%	−60.8%	−3.41	$99
LABD −3×	−0.88	−1.19	89.4%	−81.0%	−3.45	$108

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

LABD

Trading

Today

−7.42%below its holdings’ value

Close$7.24

NAV$7.82

Fee per $10,000$108 a year

Avg. volume 30D26.5M shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

LABD

Fund Facts

Today

2015launched May 28

Tracks[…]

Exchange · CUSIPAMEX · 25461H853

StructureETF

Leverage-3x

Cost on $10,000$108 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Direxion LABD · fund facts · as of Nov 9, 2026

LABD

Payouts by Year

$0.0707per share, Sep 2026

Distribution yield6.4%

PaidEvery quarter

Latest ex-date · paidSep 22 · Sep 29, 2026

12 payouts added up$5.88 a share

Direxion LABD · distributions by ex-date · 2018–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-10-31 ↗SEC reported portfolio · 2025-07-31 ↗SEC reported portfolio · 2025-04-30 ↗

Trading & Liquidity

Net asset value$7.82

Premium / discount[…]

Median spread · 30D[…]

Volume today27.1M

Average volume · 30D26.5M

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio1.08%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$108.00

Our risk indicator5/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 22, 2026	Sep 29, 2026	$0.0707
Jun 23, 2026	Jun 30, 2026	$0.0752
Mar 24, 2026	Mar 31, 2026	$0.0854
Dec 23, 2025	Dec 31, 2025	$0.23
Sep 23, 2025	Sep 30, 2025	$0.26
Jun 24, 2025	Jul 1, 2025	$0.37
Mar 25, 2025	Apr 1, 2025	$0.55
Dec 23, 2024	Dec 31, 2024	$1.26
Sep 24, 2024	Oct 1, 2024	$0.58
Jun 25, 2024	Jul 2, 2024	$0.89
Mar 19, 2024	Mar 26, 2024	$0.66
Dec 21, 2023	Dec 29, 2023	$0.85

Issuer contentFrom DirexionHear the strategy from the people behind LABD.No issuer videos have been published for this fund.Are you the issuer? Claim this fund →