Direxion Daily S&P Biotech Bull 3X Shares (LABU) Performance
LABU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +37.8% since Dec 31, 2025
- 1 year
- +93.0% total return
- 5 years
- −26.7% a year
- 10 years
- −10.7% a year
- Since first price
- −20.6% a year since 2015
LABU trailing returns vs SPY, QQQ, AGG
| Period | LABU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −13.2% | −13.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −13.5% | −13.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +14.6% | +14.6% | +7.8% | +8.4% | −1.5% |
| YTD | +37.8% | +37.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +93.0% | +92.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +319.6%+61.3%/yr | +312.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −78.8%−26.7%/yr | −79.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −67.8%−10.7%/yr | −68.7% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionMay 28, 2015 | −92.8%−20.6%/yr | −93.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: LABU vs SPY
From May 28, 2015: LABU grew to $720, SPY to $43,219.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
LABU returns by calendar year
4 of 10 full years positive. Best 2017 (+149.1%), worst 2022 (−80.4%). 2026 is year to date.
LABU annual returns table
| Year | LABU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +37.8% | −41.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +79.2% | −62.9% | +17.7% | +20.8% | +7.2% |
| 2024 | −26.0% | −51.9% | +24.9% | +25.6% | +1.3% |
| 2023 | −13.4% | −73.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −80.4% | −88.9% | −18.2% | −32.6% | −13.0% |
| 2021 | −64.2% | −81.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +74.7% | −76.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +75.5% | −56.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −57.6% | −78.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +149.1% | −27.8% | +21.7% | +32.7% | +3.6% |
| 2016 | −62.9% | −72.7% | +12.0% | +7.1% | +2.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
LABU largest drawdowns
Now 95.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 17, 2015 | −99.2% | Apr 8, 2025 | not yet | 9.7 years | 11.3 years so far |
| Jun 22, 2015 | −20.2% | Jul 8, 2015 | Jul 14, 2015 | 16 days | 22 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
LABU risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +52.5% | −24.5% | −12.0% | −19.7% |
| Volatility (annualized) | 79.0% | 77.5% | 82.3% | 85.1% |
| Sharpe ratio | 0.85 | -0.02 | 0.23 | 0.17 |
| Sortino ratio | 1.65 | -0.03 | 0.36 | 0.25 |
| Best month | +58.3% | +58.3% | +63.7% | +63.7% |
| Worst month | −31.5% | −48.1% | −50.3% | −66.1% |
| Best 12 months | +416.5% | +416.5% | +416.5% | +416.5% |
| Worst 12 months | −54.7% | −87.3% | −90.8% | −90.8% |
| Positive months | 58% | 50% | 50% | 51% |
| Beta vs S&P 500 | 3.12 | 2.43 | 3.10 | — |
| Correlation with S&P 500 | 0.49 | 0.49 | 0.58 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
LABU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 126 | −90.8% | −4.9% | +416.5% | 48% |
| 3-year (a year) | 102 | −64.6% | −15.8% | +60.1% | 32% |
| 5-year (a year) | 78 | −47.1% | −33.5% | +36.5% | 17% |
| 10-year (a year) | 18 | −34.2% | −12.1% | −6.1% | 0% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
LABU performance overview
Direxion Daily S&P Biotech Bull 3X Shares (LABU) returned +93.0% over the past year and −10.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned −20.6% a year, turning $10,000 into about $720. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.2%, from Jul 17, 2015 to Apr 8, 2025; the fund has not yet regained that high. LABU finished 4 of its 10 full calendar years with a gain; the best year was 2017 (+149.1%) and the worst 2022 (−80.4%). Volatility has been 85.1% a year.
Related: LABU chart, LABU dividends. See the LABU overview for the latest quote and fund facts.
LABU performance FAQ
What is the LABU return over the past year?
LABU returned +93.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 92.0%.
What is the average annual return of LABU?
LABU has returned −26.7% a year over 5 years, −10.7% a year over 10 years, −20.6% a year since May 28, 2015 (total return, distributions reinvested).
How much would $10,000 invested in LABU be worth?
$10,000 invested in LABU at its first recorded close on May 28, 2015 would be worth about $720 on October 23, 2026 with distributions reinvested.
What was the worst year for LABU?
The worst calendar year was 2022, with a total return of −80.4%. The best was 2017 at +149.1%.
What is the biggest drawdown of LABU?
The largest peak-to-trough decline was −99.2% between July 17, 2015 and April 8, 2025. It has not yet recovered to that high; it is 95.1% below its peak.
How volatile is LABU?
Over the past 3 years LABU had an annualized volatility of 79.0% and a Sharpe ratio of 0.85 (excess return over 1–3 month T-bills per unit of risk).