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ETFs

Direxion Daily S&P Biotech Bear 3X Shares

LABD
$--
Today’s Change
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Snapshot
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Inception Date
May 28 2015
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$56,452,709
AUM
$73,056,659
Associated Index
S&P Biotechnology Select Industry Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
-2.96%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
-8.67%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-14.86%
n/a
DREYFUS GOVT CASH MAN INS
-21.45%
Invest with LABD

What is LABD?

The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the S&P Biotechnology Select Industry Index. The Index is provided by Standard & Poor s and includes domestic companies from the biotechnology industry. As of April 30, 2015, the Index was comprised of 98 stocks. The companies included in the Index have a median market capitalization of $1.54 billion and are concentrated in the energy and biotechnology sectors as of April 30, 2015.

ETFs related toLABD

ETFs correlated to LABD include SRTY, TZA, TWM

LABD
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bear 3X Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
TWM
ProShares Trust - ProShares UltraShort Russell2000 -2x Shares
RWM
ProShares Trust - ProShares Short Russell2000 -1x Shares
SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF
HDGE
Advisorshares Trust - Ranger Equity Bear -1x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toLABD

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with LABD using Composer

FAQ

LABD is a US Equities ETF. The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the S&P Biotechnology Select Industry Index. The Index is provided by Standard & Poor s and includes domestic companies from the biotechnology industry. As of April 30, 2015, the Index was comprised of 98 stocks. The companies included in the Index have a median market capitalization of $1.54 billion and are concentrated in the energy and biotechnology sectors as of April 30, 2015.

LABD tracks the S&P Biotechnology Select Industry Index.

No, LABD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, LABD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on LABD is 0.2582%. This is the percent change in the value of LABD over the most recent 1-month period. The 3-month return on LABD is 0.517%. This is the percent change in the value of LABD over the most recent 3-month period.

The standard deviation of LABD for the past year is 0.8795%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to LABD include SSO, TNA, and QID.

ETFs correlated to LABD include SRTY, TZA, and TWM.

ETFs that are inversely correlated to LABD include LABU, XBI, and GNOM.

Yes, LABD is a Inverse (-3x) ETF: This means that LABD will try to match the performance of S&P Biotechnology Select Industry Index, but with 3x the returns.

Yes, LABD is a Inverse (-3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Biotechnology Select Industry Index, but move 3x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.