LABD

Direxion Daily S&P Biotech Bear 3X Shares
*Unless otherwise stated, data provided by FactSet.

LABD Fund Description

LABD provides daily 3 times inverse exposure to the S&P Biotechnology Select Industry Index.

LABD Factset Analytics Insight

LABD is a daily leveraged inverse (-3x) bet on an equal-weighted index of US biotech stocks. The vast majority of the fund's exposure is to biotechnology and medical research but also captures significant exposure to pharmaceuticals as well. As a leveraged product, the fund is not a buy-and-hold investment. It gets its leverage exposure through a through a portfolio of swaps that gets rebalanced at the end of each trading day. Because of that, the fund's return for periods longer than a day becomes path-dependent and is likely to be different from -3x the return of the index for the same period. This makes LABD suitable primarily for short-term traders. Over time, compounding effects can lead to profound differences in expected returns relative to the index.

PERFORMANCE [as of 05/04/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
LABD -0.76% 31.64% -16.86% -85.92% -69.22% -70.25% --
LABD (NAV) 11.85% 52.98% -6.38% -81.35% -67.37% -70.23% --
S&P Biotechnology Select Industry Index -5.45% -20.39% -7.97% 35.99% 14.13% 20.88% 18.51%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

LABD Summary Data

Direxion
05/28/15
Open-Ended Fund
1.06%
$50.78M
0.09%
BIS

LABD Portfolio Data

5.48%
N/A

LABD Index Data

Equal
Market Cap
N/A

LABD Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-3
Daily

LABD Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

LABD Factset Analytics Block Liquidity

As of 05/05/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of LABD. LABD is rated a 5 out of 5.

LABD Tradability

3,772,427
$82.55M
3,379,439
$76.90M
0.09%
$0.02
-0.03%
1,892.70% / -1.16%
None
97.00%
50,000
67.59
0.00%
--
26,968
$23.64
5