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›ETF Providers›Direxion›LABD
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LABD
US25461H8530
Passive ETFEquity

LABD ETF · Direxion Daily S&P Biotech Bear 3X Shares ETF

The LABD Exchange Traded Fund (ETF) is provided by Direxion. It is built to track an index: S&P Biotechnology Select Industry Index. This ETF provides synthetic exposure, by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap (i.e. a contract with a financial institution which delivers the return of the index). This share class generates a stream of income by distributing dividends.
Last update Today at 1:30 PM UTC
LIVE
CLOSED
This fund is part ofInverse Equity1M perf.-27.20%
Last price
$14.18
1M perf.
-30.35%
1M flows
+€21M
AuM
€73M
E/R
1.08%
Rating
Not rated
ESG Consensus®
esg grade icon
LABD
$14.18

Performance & flows

January 23, 2026 → April 23, 2026
0-30-20-1001020%FEBMARAPRFEBMARAPR
Create a free account to view the flows graph
LABD
$13.80
-22.21%

Historic performance and flows

1M3M1Y3Y5YMTDQTDYTD
Perf.
-30.35%
-22.21%
-84.39%
-90.57%
-92.81%
-15.28%
-15.28%
-34.21%
Flows

Key fund info

This ETF's jurisdiction country is not in your region (Europe and Middle East) Â· 
Main characteristics
Issuer
CUSIP
25461H853
ISIN
US25461H8530
AuM
€73M
E/R
1.08%
Replication rating
Not rated
ESG Consensus®
esg grade icon
More details
NAV
4/23/2026
$13.80
1D NAV change
+6.27%
Dividend policy
Replication method
Indirect
Replication model
Unfunded swap
No. of holdings
N/A
Inception date
5/28/2015
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
Create a free account to view dividend distribution
Classification
Product type
Asset class
Factors
N/A
Investment strategy
The Direxion Daily S&P Biotech Bear 3X Shares seek 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.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile

Historical risk/return profile

3M1Y3Y5Y
Returns
-22.21%
-84.39%
-90.57%
-92.81%
Volatility
Perf./Volatility
Max drawdown
Create a free account to view risk/return table
Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise

Exposure

The LABD ETF provides synthetic exposure. It uses derivatives to replicate the index's performance, so we do not display its exposure breakdown.

To find out more about LABD's exposure, please refer to the as provided by Direxion.

More risk metrics are available, exclusively in Trackinsight Enterprise

Sustainability

Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise

Issuer

Direxion
Direxion ID Card
Number of funds
121
Total AuM
€49.05B
Expense ratio range
0.35% - 9.48%
Average expense ratio
1.4798%

Frequently asked questions about LABD

What does Direxion Daily S&P Biotech Bear 3X Shares ETF, LABD, invest in?

LABD is a Passive ETF. This ETF provides inverse exposure (-3x) to Equally Weighted US Biotechnology Equities.

Which benchmark or index does LABD replicate?

LABD tracks the S&P Biotechnology Select Industry Index - USD, through a unfunded swap replication method.

What is the Total Expense ratio (TER) of LABD?

LABD carries a total expense ratio (TER) of 1.08%, indicating the annual cost for holding the fund.

When was LABD launched?

LABD was introduced to the market on May 28, 2015. It trades on United States

Who is the ETF issuer of LABD?

Direxion Daily S&P Biotech Bear 3X Shares ETF, LABD, is provided by Direxion. Learn more about Direxion here.

What is the current assets under management (AUM) of LABD?

LABD oversees €73M in assets as of April 23, 2026.

How has LABD performed lately?

Based on data from April 23, 2026, LABD returned -30.35% over the past month, -22.21% over the last three months and -34.21% year-to-date.

What are the latest inflows or outflows for LABD?

As of April 23, 2026, LABD recorded net flows of +€21M over the last month and +€41M year-to-date.

Does LABD distribute dividends?

LABD follows a distributing dividend policy, meaning it pays out income to investors. As of April 23, 2026, its 12-month trailing yield was 6.84%.

What is the base currency of LABD?

The base currency of LABD is USD.

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