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LABD vs SPXS
Direxion Daily S&P Biotech Bear 3X Shares vs Direxion Daily S&P 500 Bear 3X Shares
Key differences
- SPXS is significantly larger than LABD — larger funds tend to be more liquid and less likely to close.
- LABD follows a inverse strategy; SPXS uses leveraged.
- Over the last 3 years, SPXS has delivered higher annualized returns.
- SPXS has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| LABD | SPXS | |
|---|---|---|
| Annual cost (TER) | 1.07% | 1.04% |
| Fund size (AUM) | $69M | $388M |
| Since | 2015 | 2008 |
| Dividend yield | 6.38% | 4.29% |
| Asset class | equity | equity |
| Region | north america | north america |
| Strategy | inverse | leveraged |
| CAGR 1Y | -82.9% | -50.4% |
| CAGR 3Y | -50.8% | -43.7% |
| CAGR 5Y | -42.0% | -35.1% |
| Sharpe 3Y | -0.52 | -1.15 |
| Volatility 1Y | 74.72% | 36.05% |
| Max drawdown | -99.98% | -99.61% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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