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Direxion Daily S&P Biotech Bear 3X ETF LABD
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | LABD | Replication |
|---|---|---|
| Annualized growth | -47.4% | 4.0% |
| Annualized volatility | 89.4% | 0.3% |
| Sharpe ratio | -0.27 | 15.03 |
| Maximum drawdown | 98.9% | 0.0% |
| Replication fit (R²) | -0.00 · Tracking error 89.4% | |
Replication portfolio
The published portfolio below is the investable basket used to model LABD’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| USFR | FI · Floating Rate Notes | 100.0% |