LABD · Direxion Daily S&P Biotech Bear 3X Shares
Issuer: Direxion
A US-listed inverse leveraged ETF that seeks -300% of the DAILY performance of the S&P Biotechnology Select Industry Index before fees and expenses. Its leverage resets daily, so returns over periods longer than one day can differ substantially from -3 times the index’s cumulative return. Volatility and compounding create a high risk of severe losses over longer holding periods.
ETF · US ETF average
Long-term returns ☆☆☆☆☆☆☆☆☆☆ Five-year cumulative total return near -96.2%.
Stability ☆☆☆☆☆☆☆☆☆☆ Five-year maximum drawdown near 98.9%.
Costs ★☆☆☆☆☆☆☆☆☆ Net expense ratio of 1.07% is high.
Upside potential ★★★★☆☆☆☆☆☆ Best rolling 12-month return in five years near +37%.
Liquidity ★★★★★★★★☆☆ Average daily trading value around $200 million.
Performance
1-month total return: -11%
1-year total return: -74%
5-year total return: -96%
Stability
1-month MDD: -27%
1-year MDD: -79%
5-year MDD: -99%