DirexionLeveraged#218 of 235 by YTD

Direxion Daily S&P Biotech Bear 3X ETFLABD

S&P 500 Bucket avg Compare

$6.58−9.1%

−$0.66 · Nov 9 close

Buy

AUM: $86M
Fee: 1.08%
Yield: 7.0%

Bumpy · 1Y: 6.5×S&P
Volume: 17.0M
NAV: $7.23

52-week range80% below the high

$5.81$33.24

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	−9.1%	−12.4%	−12.5%	−11.2%	−68.1%	−77.8%	−97.0%	−96.0%	−100.0%
Peer average	−8.0%	−3.8%	+11.2%	+7.2%	−35.1%	−38.5%	−78.6%	−50.4%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

LABD in One Breath

LABD Among An Index ETFs

YTD

#1YANGDirexion+21.8%$88.0M

#2TYODirexion+16.4%$10.0M

#3TMVDirexion+16.1%$186M

#4TTTProShares+13.2%$15.2M

#5WEBSDirexion−13.5%$8.4M

#6CARDMax−15.2%$1.5M

#7FAZDirexion−18.6%$85.9M

#8SDOWProShares−23.4%$145M

#24LABDDirexion−68.1%$85.7M

End-of-day Nov 10, 2026 · 28 An index ETFs by YTD

$10,000 in LABD

$10,000 in LABD became

$402

In the S&P 500 (VOO)

$17,543

Total return, dividends in · Nov 1, 2021 – Nov 9, 2026 · S&P 500 uses VOO

LABD Returns by Period

Today

YTD

MAX

LABD

−9.1%

−12.5%

−11.2%

−68.1%

−77.8%

−97.0%

−96.0%

−100.0%

Peer average

−8.0%

+11.2%

+7.2%

−35.1%

−38.5%

−78.6%

−50.4%

—

S&P 500 · VOO

+2.3%

−3.3%

−2.1%

+11.3%

+13.6%

+81.6%

+75.4%

—

End-of-day Nov 10, 2026 · total return, dividends in · peers = 36 An index ETFs

LABD’s Leveraged Rank

YTD

#218of 235
leveraged ETFs

Best · ZSL+535.8%

Average−8.8%

LABD−68.1%

Worst · CRCD−91.7%

Leveraged ETFs by YTD return · Nov 10, 2026

LABD Price and 52-Week Range

From the 52-week high

−80.2%

From the 52-week low

+13.3%

Today $6.44 – $7.42

Previous close $7.24

$6.58 now

52-week low$5.8152-week high$33.24

End-of-day Nov 10, 2026 · box = today’s range, dashed = previous close

LABD’s Share of An Index ETFs

Today

0.1%

of the $126B in 408 An index ETFs

LABD$85.7M0.1%

TQQQ$32.1B25.4%

SOXL$15.2B12.1%

405 others$78.7B62.4%

An index ETF AUM · Nov 10, 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 10, 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

YTD


SOXS	DirexionRead Desk	1.00%	−90.9%	−91.9%	$4.3B
SQQQ	ProSharesRead Desk	0.94%	−35.1%	−36.3%	$1.8B
SPXU	ProSharesRead Desk	0.90%	−25.5%	−29.1%	$390M
SPXS	DirexionRead Desk	1.04%	−25.3%	−29.0%	$377M
TZA	DirexionRead Desk	0.99%	−38.9%	−44.3%	$189M
LABD	DirexionThis fundRead Desk	1.08%	−68.1%	−77.8%	$86M

An index peers · YTD and past-year returns · as of Nov 10, 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

−90.9%

−68.1%

LABD wins+22.8 pts

Past year

−91.9%

−77.8%

LABD wins+14.1 pts

Fee

1.00%

1.08%

SOXS winslower fee

Yield

21.5%

7.0%

SOXS wins+14.5 pts

AUM

$4.3B

$85.7M

SOXS50.3× more

2–2level

Direxion SOXS and Direxion LABD · year-to-date · as of Nov 10, 2026 · AUM not scored

LABD vs VOO

YTD

LABD · Direxion Daily S&P Biotech Bear 3X

−68.1%

VOO · S&P 500

+11.3%

Gap

79.4 pts

Direxion LABD and Vanguard VOO · YTD total return · as of Nov 10, 2026

LABD vs Its Peer Average

YTD

LABDAvsBPeer average

1D−9.1%−8.0%

1M−12.5%+11.2%

3M−11.2%+7.2%

YTD−68.1%−35.1%

1Y−77.8%−38.5%

3Y−97.0%−78.6%

5Y−96.0%−50.4%

0–7Peer average wins

36 An index peers · each row scaled to its leader

How Bumpy Is LABD?

View

LABD

How Bumpy

6.5×the S&P 500’s swings

CalmerBumpierS&P 1×LABD

S&P 500 swings · 1Y13.7%

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−78.6%

$10,000 at the high is now$2,140

Direxion LABD · fall from the highest close, past year

LABD

On a Bad Day

−2.9×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 days44 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

#3SOXSDirexion · −3×

lost money

#4SPXSDirexion · −3×

lost money

#5SPXUProShares · −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

89.7%annual volatility

S&P 500 volatility13.7%

Downside volatility67.2%

Beta vs SPY−3.45

Correlation vs SPY−0.53

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−78.6%

Worst day−22.42% · Mar 31

Closing prices, dividends in

LABD

Up / Down Capture

−294%down capture vs SPY

Down days

−294%

Up days

−379%

S&P 500

100%

Up ÷ down capture[…]

Up days44.5% (S&P 52.4%)

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×	0.82	1.22	28.4%	−17.1%	−0.53	$97
SQQQ −3×	−0.59	−0.86	64.1%	−63.3%	−4.34	$94
SOXS −3×	−0.64	−0.93	148.9%	−96.7%	−8.12	$100
SPXS −3×	−0.76	−1.09	41.1%	−46.3%	−2.99	$104
SPXU −3×	−0.76	−1.10	41.0%	−46.3%	−2.98	$90
TZA −3×	−0.85	−1.18	56.2%	−60.8%	−3.43	$99
LABD −3×	−0.92	−1.23	89.7%	−81.0%	−3.45	$108

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

LABD

Trading

Today

−8.99%below its holdings’ value

Close$6.58

NAV$7.23

Fee per $10,000$108 a year

Avg. volume 30D26.2M shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

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 10, 2026

LABD

Payouts by Year

$0.0707per share, Sep 2026

Distribution yield7.0%

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$7.23

Premium / discount[…]

Median spread · 30D[…]

Volume today17.0M

Average volume · 30D26.2M

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

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