LABU – Direxion Daily S&P Biotech Bull 3X

About LABU

LABU (Direxion Daily S&P Biotech Bull 3X) is a leveraged biotech ETF from Direxion. It aims to deliver 3× the daily percentage change of the S&P Biotechnology Select Industry Index, for a single day only. We don't show an expense ratio for LABU because the figures in our sources didn't match; check the issuer's fact sheet for the current fee.

What it tracks

The S&P Biotechnology Select Industry Index follows US-listed biotechnology companies, from large drug developers to smaller firms whose value can hinge on clinical trial results and regulatory decisions.

What to keep in mind

Biotech is one of the more volatile industries, and LABU applies 3× daily leverage on top of that, so very large daily moves and compounding losses over time are both possible.

How the daily reset works

A leveraged or inverse ETF rebalances at the end of every trading day so that it starts the next day with the target exposure again. That is why its return over any period longer than one day depends on the path the index took, not just where it ended. Example: if an index rises 10% and then falls 10%, it is down 1% (1.10 × 0.90); a 3× fund rises 30% and then falls 30%, ending down 9% (1.30 × 0.70) before fees. The more the index swings, the bigger this gap becomes. Issuers describe these funds as intended for short holding periods.

On this page

The LABU price above comes from the US regular trading session via Yahoo Finance and may be delayed; it updates automatically while this page is open. The chart switches between 1 day, 1 week, 1 month and 1 year, and the 1-week, 1-month and 1-year returns are price returns adjusted for share splits, not including distributions. The table below compares LABU with the other funds in the same category, and you can set a free price alert to be notified when LABU crosses a level you choose.

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