LABD vs. BIS ETF Comparison
Comparison of Direxion Daily S&P Biotech Bear 3X Shares (LABD) to ProShares UltraShort Nasdaq Biotechnology (BIS)
LABD
Direxion Daily S&P Biotech Bear 3X Shares
LABD Description
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse 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. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the S&P Biotechnology Select Industry Index ("index"). It is non-diversified.
Grade (RS Rating)
Last Trade
$10.52
Average Daily Volume
16,335,093
80
BIS
ProShares UltraShort Nasdaq Biotechnology
BIS Description
The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq Biotechnology Index®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. It is non-diversified.Grade (RS Rating)
Last Trade
$20.24
Average Daily Volume
7,643
75
Performance
| Period | LABD | BIS |
|---|---|---|
| 30 Days | 44.51% | 16.06% |
| 60 Days | 49.01% | 20.82% |
| 90 Days | 7.17% | 14.52% |
| 12 Months | -39.21% | 3.66% |
47 Overlapping Holdings
| Symbol | Grade | Weight in LABD | Weight in BIS | Overlap | |
|---|---|---|---|---|---|
| ACAD | F | 1.68% | 0.81% | 0.81% | |
| AGIO | A | 1.37% | 0.43% | 0.43% | |
| ALEC | D | 0.25% | 0.18% | 0.18% | |
| ALKS | D | 1.21% | 0.36% | 0.36% | |
| ALLK | F | 0.76% | 0.49% | 0.49% | |
| ALLO | F | 0.54% | 0.37% | 0.37% | |
| ALNY | F | 1.73% | 1.6% | 1.6% | |
| AMGN | D | 1.75% | 8.14% | 1.75% | |
| APLS | D | 1.24% | 0.31% | 0.31% | |
| ARWR | F | 1.45% | 0.65% | 0.65% | |
| BBIO | F | 0.29% | 0.51% | 0.29% | |
| BIIB | D | 1.65% | 6.12% | 1.65% | |
| BLUE | F | 1.87% | 0.65% | 0.65% | |
| BMRN | D | 1.89% | 1.91% | 1.89% | |
| BPMC | B | 1.61% | 0.48% | 0.48% | |
| CHRS | F | 0.99% | 0.16% | 0.16% | |
| DCPH | C | 1.01% | 0.43% | 0.43% | |
| DNLI | F | 0.28% | 0.26% | 0.26% | |
| EDIT | F | 0.66% | 0.19% | 0.19% | |
| ESPR | D | 0.79% | 0.19% | 0.19% | |
| EXEL | A | 1.91% | 0.73% | 0.73% | |
| FATE | F | 0.67% | 0.23% | 0.23% | |
| FGEN | F | 1.05% | 0.47% | 0.47% | |
| FOLD | F | 1.38% | 0.32% | 0.32% | |
| GILD | F | 1.64% | 7.41% | 1.64% | |
| HALO | D | 0.71% | 0.35% | 0.35% | |
| INCY | F | 1.51% | 2.09% | 1.51% | |
| INSM | F | 0.81% | 0.23% | 0.23% | |
| IONS | D | 1.64% | 1.02% | 1.02% | |
| IOVA | D | 1.07% | 0.36% | 0.36% | |
| IRWD | F | 0.75% | 0.24% | 0.24% | |
| KOD | F | 0.29% | 0.35% | 0.29% | |
| LGND | D | 1.46% | 0.19% | 0.19% | |
| MRNA | B | 1.47% | 0.83% | 0.83% | |
| MYGN | F | 1.08% | 0.26% | 0.26% | |
| NBIX | C | 1.62% | 1.16% | 1.16% | |
| PTCT | D | 1.4% | 0.4% | 0.4% | |
| RARE | C | 1.49% | 0.42% | 0.42% | |
| REGN | D | 1.77% | 4.13% | 1.77% | |
| RGNX | F | 1.05% | 0.21% | 0.21% | |
| SAGE | F | 1.8% | 0.48% | 0.48% | |
| SRPT | B | 1.66% | 1.15% | 1.15% | |
| UTHR | B | 1.78% | 0.49% | 0.49% | |
| VCYT | F | 0.72% | 0.18% | 0.18% | |
| VRTX | C | 1.84% | 7.21% | 1.84% | |
| XNCR | D | 0.49% | 0.26% | 0.26% | |
| YMAB | D | 0.24% | 0.16% | 0.16% |
LABD Overweight 33 Positions Relative to BIS
| Symbol | Grade | Weight | |
|---|---|---|---|
| EXAS | F | 1.73% | |
| ABBV | D | 1.72% | |
| BHVN | D | 1.42% | |
| NTRA | A | 1.08% | |
| EBS | F | 0.96% | |
| CDNA | F | 0.93% | |
| HRTX | D | 0.84% | |
| KPTI | F | 0.79% | |
| PBYI | D | 0.65% | |
| MDGL | F | 0.59% | |
| TGTX | F | 0.55% | |
| ADVM | F | 0.55% | |
| CPRX | D | 0.53% | |
| ANAB | C | 0.53% | |
| SGMO | F | 0.48% | |
| ENTA | F | 0.47% | |
| EGRX | F | 0.42% | |
| GTHX | B | 0.42% | |
| ATRA | F | 0.41% | |
| VKTX | B | 0.38% | |
| ANIK | B | 0.37% | |
| VNDA | B | 0.35% | |
| OPK | B | 0.35% | |
| VCEL | C | 0.34% | |
| TVTX | F | 0.33% | |
| NTLA | F | 0.29% | |
| PGEN | C | 0.29% | |
| KRYS | D | 0.28% | |
| GOSS | F | 0.27% | |
| VYGR | F | 0.26% | |
| MGNX | D | 0.25% | |
| CYTK | D | 0.25% | |
| DVAX | F | 0.24% |
LABD Underweight 28 Positions Relative to BIS
| Symbol | Grade | Weight | |
|---|---|---|---|
| ILMN | D | -5.67% | |
| VTRS | C | -1.35% | |
| SNY | C | -1.29% | |
| NVCR | F | -1.1% | |
| JAZZ | F | -1.03% | |
| TECH | D | -1.02% | |
| GH | F | -0.96% | |
| AMRN | F | -0.85% | |
| BGNE | D | -0.83% | |
| ASND | D | -0.77% | |
| NKTR | B | -0.48% | |
| CRSP | F | -0.42% | |
| ADPT | F | -0.42% | |
| MEDP | C | -0.4% | |
| ARGX | D | -0.4% | |
| AXSM | D | -0.38% | |
| GRFS | F | -0.36% | |
| QURE | F | -0.35% | |
| ZLAB | F | -0.24% | |
| ARVN | D | -0.24% | |
| PCRX | F | -0.22% | |
| GLPG | F | -0.22% | |
| ITCI | B | -0.21% | |
| INVA | B | -0.18% | |
| TBPH | B | -0.17% | |
| HCM | A | -0.15% | |
| NGM | D | -0.15% | |
| SUPN | C | -0.15% |
LABD: Top Represented Industries & Keywords
BIS: Top Represented Industries & Keywords
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