LABD vs. CLSE ETF Comparison
Comparison of Direxion Daily S&P Biotech Bear 3X Shares (LABD) to Convergence Long/Short Equity ETF (CLSE)
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
$4.98
Average Daily Volume
16,553,237
Number of Holdings
*
79
* may have additional holdings in another (foreign) market
CLSE
Convergence Long/Short Equity ETF
CLSE Description
The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.Grade (RS Rating)
Last Trade
$23.88
Average Daily Volume
61,080
Number of Holdings
*
335
* may have additional holdings in another (foreign) market
Performance
| Period | LABD | CLSE |
|---|---|---|
| 30 Days | -20.95% | 5.29% |
| 60 Days | -16.86% | 13.88% |
| 90 Days | -23.32% | 14.37% |
| 12 Months | -79.65% | 44.06% |
13 Overlapping Holdings
| Symbol | Grade | Weight in LABD | Weight in CLSE | Overlap | |
|---|---|---|---|---|---|
| ABBV | B | 1.72% | 1.1% | 1.1% | |
| ALNY | B | 1.73% | 0.94% | 0.94% | |
| APLS | F | 1.24% | -0.31% | -0.31% | |
| ARWR | C | 1.45% | -0.24% | -0.24% | |
| BBIO | D | 0.29% | -0.38% | -0.38% | |
| CYTK | D | 0.25% | -0.43% | -0.43% | |
| EXAS | F | 1.73% | -0.22% | -0.22% | |
| GILD | B | 1.64% | 1.0% | 1.0% | |
| HALO | C | 0.71% | 0.87% | 0.71% | |
| MRNA | F | 1.47% | -0.46% | -0.46% | |
| NTLA | F | 0.29% | -0.12% | -0.12% | |
| NTRA | A | 1.08% | 0.16% | 0.16% | |
| VCYT | B | 0.72% | 0.12% | 0.12% |
LABD Overweight 66 Positions Relative to CLSE
| Symbol | Grade | Weight | |
|---|---|---|---|
| EXEL | B | 1.91% | |
| BMRN | F | 1.89% | |
| BLUE | F | 1.87% | |
| VRTX | A | 1.84% | |
| SAGE | F | 1.8% | |
| UTHR | B | 1.78% | |
| REGN | F | 1.77% | |
| AMGN | C | 1.75% | |
| ACAD | D | 1.68% | |
| SRPT | F | 1.66% | |
| BIIB | F | 1.65% | |
| IONS | F | 1.64% | |
| NBIX | C | 1.62% | |
| BPMC | C | 1.61% | |
| INCY | A | 1.51% | |
| RARE | D | 1.49% | |
| LGND | B | 1.46% | |
| BHVN | C | 1.42% | |
| PTCT | B | 1.4% | |
| FOLD | D | 1.38% | |
| AGIO | B | 1.37% | |
| ALKS | C | 1.21% | |
| MYGN | F | 1.08% | |
| IOVA | D | 1.07% | |
| FGEN | F | 1.05% | |
| RGNX | D | 1.05% | |
| CHRS | F | 0.99% | |
| EBS | C | 0.96% | |
| CDNA | D | 0.93% | |
| HRTX | F | 0.84% | |
| INSM | C | 0.81% | |
| KPTI | D | 0.79% | |
| ESPR | C | 0.79% | |
| ALLK | C | 0.76% | |
| IRWD | D | 0.75% | |
| FATE | F | 0.67% | |
| EDIT | F | 0.66% | |
| PBYI | D | 0.65% | |
| MDGL | B | 0.59% | |
| TGTX | A | 0.55% | |
| ADVM | D | 0.55% | |
| ALLO | C | 0.54% | |
| CPRX | B | 0.53% | |
| ANAB | F | 0.53% | |
| XNCR | B | 0.49% | |
| SGMO | B | 0.48% | |
| ENTA | F | 0.47% | |
| EGRX | F | 0.42% | |
| GTHX | B | 0.42% | |
| ATRA | D | 0.41% | |
| VKTX | C | 0.38% | |
| ANIK | F | 0.37% | |
| VNDA | C | 0.35% | |
| OPK | C | 0.35% | |
| VCEL | B | 0.34% | |
| TVTX | A | 0.33% | |
| KOD | C | 0.29% | |
| PGEN | D | 0.29% | |
| DNLI | B | 0.28% | |
| KRYS | C | 0.28% | |
| GOSS | F | 0.27% | |
| VYGR | C | 0.26% | |
| MGNX | D | 0.25% | |
| ALEC | C | 0.25% | |
| DVAX | C | 0.24% | |
| YMAB | C | 0.24% |
LABD Underweight 322 Positions Relative to CLSE
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | B | -4.35% | |
| META | B | -3.51% | |
| GOOGL | B | -3.28% | |
| AVGO | B | -2.45% | |
| MU | C | -2.4% | |
| AMZN | B | -2.27% | |
| ANET | C | -2.0% | |
| HPE | B | -1.9% | |
| QCOM | C | -1.84% | |
| APP | B | -1.82% | |
| WMT | A | -1.82% | |
| CVLT | A | -1.75% | |
| CVNA | B | -1.67% | |
| NTAP | C | -1.63% | |
| AAPL | B | -1.42% | |
| ORCL | A | -1.37% | |
| GDDY | A | -1.34% | |
| IDCC | A | -1.33% | |
| BMY | C | -1.31% | |
| ACIW | B | -1.3% | |
| IBM | D | -1.21% | |
| YOU | D | -1.17% | |
| T | B | -1.15% | |
| JHG | A | -1.14% | |
| PYPL | A | -1.13% | |
| HD | B | -1.13% | |
| DOCU | A | -1.12% | |
| NTRS | B | -1.08% | |
| NTNX | B | -1.08% | |
| SNEX | B | -1.05% | |
| AMG | C | -1.0% | |
| SYF | B | -1.0% | |
| JNJ | D | -0.91% | |
| CARG | B | -0.9% | |
| SEIC | B | -0.89% | |
| AMRX | C | -0.89% | |
| PPC | B | -0.84% | |
| APH | B | -0.82% | |
| BFH | B | -0.82% | |
| MLI | B | -0.81% | |
| MPWR | F | -0.79% | |
| AVT | B | -0.79% | |
| MO | B | -0.78% | |
| THC | B | -0.78% | |
| BAC | B | -0.77% | |
| UHS | D | -0.75% | |
| FITB | B | -0.75% | |
| DVA | D | -0.74% | |
| COR | B | -0.73% | |
| NRG | B | -0.72% | |
| LNG | A | -0.72% | |
| PG | D | -0.7% | |
| GVA | A | -0.7% | |
| WFC | B | -0.7% | |
| EME | B | -0.67% | |
| PRIM | A | -0.67% | |
| RF | B | -0.66% | |
| CAH | B | -0.65% | |
| IESC | A | -0.65% | |
| TSLA | B | -0.64% | |
| XOM | B | -0.64% | |
| CEIX | B | -0.64% | |
| ALSN | A | -0.63% | |
| FLR | C | -0.63% | |
| MWA | A | -0.62% | |
| UMBF | B | -0.62% | |
| JPM | B | -0.62% | |
| CHRW | B | -0.62% | |
| LDOS | A | -0.61% | |
| JXN | B | -0.61% | |
| UNP | D | -0.61% | |
| STRL | A | -0.6% | |
| CCL | B | -0.6% | |
| EXP | B | -0.59% | |
| CVS | F | -0.59% | |
| CACI | B | -0.58% | |
| MTZ | A | -0.58% | |
| TSN | D | -0.57% | |
| CPNG | C | -0.57% | |
| EXPE | B | -0.56% | |
| AVA | D | -0.56% | |
| FTDR | A | -0.56% | |
| NFLX | A | -0.56% | |
| PM | C | -0.55% | |
| MET | C | -0.55% | |
| GM | B | -0.55% | |
| VRT | A | -0.55% | |
| RGA | B | -0.54% | |
| PNC | A | -0.54% | |
| SLVM | A | -0.53% | |
| IIPR | F | -0.5% | |
| FTI | B | -0.5% | |
| GOOG | B | -0.5% | |
| PATK | D | -0.49% | |
| RGLD | B | -0.49% | |
| PNW | B | -0.48% | |
| MDT | C | -0.48% | |
| CNA | D | -0.48% | |
| SCCO | D | -0.47% | |
| VLO | D | -0.47% | |
| CTRE | C | -0.47% | |
| PGR | B | -0.45% | |
| ALL | B | -0.42% | |
| MPC | F | -0.41% | |
| SO | D | -0.39% | |
| LPX | B | -0.39% | |
| BKNG | B | -0.37% | |
| OUT | C | -0.37% | |
| SPG | A | -0.37% | |
| MUSA | C | -0.36% | |
| EQR | D | -0.36% | |
| NEM | D | -0.35% | |
| J | C | -0.35% | |
| R | A | -0.35% | |
| CNC | F | -0.34% | |
| LAMR | C | -0.34% | |
| TOL | B | -0.34% | |
| VST | B | -0.33% | |
| UI | B | -0.33% | |
| JLL | C | -0.31% | |
| GLW | B | -0.31% | |
| PLTR | A | -0.28% | |
| IBP | F | -0.28% | |
| ATGE | B | -0.27% | |
| NVR | D | -0.26% | |
| PTON | A | -0.25% | |
| ANF | C | -0.24% | |
| OGN | F | -0.23% | |
| NEE | D | -0.22% | |
| EEFT | C | -0.22% | |
| FI | B | -0.21% | |
| MRK | F | -0.2% | |
| ABM | B | -0.19% | |
| MATX | B | -0.18% | |
| BCO | D | -0.17% | |
| NSA | D | -0.16% | |
| ACT | D | -0.16% | |
| KR | A | -0.16% | |
| FMC | D | -0.14% | |
| FFIV | B | -0.13% | |
| OSCR | F | -0.13% | |
| KMB | D | -0.11% | |
| ILMN | B | -0.1% | |
| LNTH | D | -0.06% | |
| QQQ | A | -0.0% | |
| LRCX | D | -0.0% | |
| CAR | D | --0.05% | |
| HGV | C | --0.06% | |
| FLYW | C | --0.07% | |
| VAC | B | --0.07% | |
| NXST | C | --0.08% | |
| RYN | D | --0.08% | |
| AGO | B | --0.08% | |
| SJM | D | --0.09% | |
| HUN | F | --0.09% | |
| MCW | B | --0.09% | |
| COIN | B | --0.09% | |
| TMHC | A | --0.09% | |
| HHH | B | --0.09% | |
| TROX | F | --0.1% | |
| WOLF | F | --0.1% | |
| ABG | B | --0.1% | |
| HBI | B | --0.1% | |
| THO | C | --0.1% | |
| NARI | C | --0.11% | |
| KLIC | C | --0.11% | |
| AVAV | B | --0.11% | |
| APD | B | --0.11% | |
| ACVA | C | --0.11% | |
| PCH | F | --0.11% | |
| PENN | C | --0.11% | |
| SBUX | B | --0.11% | |
| MASI | B | --0.12% | |
| TXG | F | --0.12% | |
| VMC | B | --0.12% | |
| CHDN | B | --0.12% | |
| VNO | A | --0.13% | |
| ALIT | D | --0.13% | |
| EQIX | B | --0.13% | |
| JBLU | C | --0.14% | |
| FDS | B | --0.14% | |
| BIO | B | --0.14% | |
| BEAM | C | --0.14% | |
| DAY | A | --0.14% | |
| MKL | B | --0.14% | |
| PYCR | C | --0.14% | |
| DRVN | B | --0.14% | |
| WBS | B | --0.14% | |
| AES | F | --0.15% | |
| OKE | A | --0.15% | |
| AA | B | --0.15% | |
| EXR | D | --0.15% | |
| ALB | C | --0.16% | |
| LGIH | D | --0.16% | |
| CC | C | --0.16% | |
| KNSL | D | --0.17% | |
| MTN | D | --0.17% | |
| RNR | B | --0.17% | |
| AIR | C | --0.18% | |
| LKQ | F | --0.18% | |
| CZR | D | --0.18% | |
| ALGM | F | --0.18% | |
| BIRK | F | --0.18% | |
| EL | F | --0.18% | |
| AJG | C | --0.18% | |
| EW | F | --0.18% | |
| BE | C | --0.18% | |
| KRG | B | --0.18% | |
| WAL | B | --0.19% | |
| PRCT | A | --0.19% | |
| UHAL | B | --0.19% | |
| GTLS | B | --0.19% | |
| TEX | C | --0.19% | |
| ENOV | C | --0.19% | |
| COTY | F | --0.19% | |
| KROS | B | --0.19% | |
| CNH | D | --0.19% | |
| GATX | B | --0.2% | |
| CINF | B | --0.2% | |
| TFC | B | --0.2% | |
| OSK | B | --0.2% | |
| AGCO | D | --0.2% | |
| COLD | F | --0.2% | |
| TTD | B | --0.2% | |
| XYL | F | --0.2% | |
| CGON | C | --0.2% | |
| XPO | B | --0.21% | |
| TREX | C | --0.21% | |
| UEC | B | --0.21% | |
| BRKR | F | --0.21% | |
| C | B | --0.21% | |
| SRE | A | --0.21% | |
| COLB | B | --0.22% | |
| PNFP | B | --0.22% | |
| RBA | B | --0.22% | |
| SAIA | C | --0.22% | |
| ATO | A | --0.22% | |
| WTM | B | --0.22% | |
| AEIS | B | --0.23% | |
| FCNCA | B | --0.23% | |
| AESI | D | --0.23% | |
| SITE | C | --0.24% | |
| AL | B | --0.24% | |
| SUM | B | --0.24% | |
| ESTC | C | --0.24% | |
| WTRG | B | --0.24% | |
| ELF | D | --0.24% | |
| GPOR | C | --0.24% | |
| BANC | B | --0.24% | |
| VAL | F | --0.25% | |
| GT | C | --0.25% | |
| SOFI | A | --0.25% | |
| ROIV | C | --0.25% | |
| AWK | D | --0.26% | |
| HSY | F | --0.26% | |
| LYV | B | --0.26% | |
| SW | B | --0.26% | |
| PSA | D | --0.26% | |
| MARA | C | --0.27% | |
| FOUR | B | --0.27% | |
| LW | C | --0.27% | |
| ENPH | F | --0.27% | |
| EVTC | C | --0.28% | |
| RIOT | C | --0.28% | |
| PTEN | D | --0.28% | |
| MSCI | B | --0.28% | |
| MNST | B | --0.29% | |
| EQT | B | --0.29% | |
| NEOG | C | --0.29% | |
| ABNB | D | --0.3% | |
| CELH | F | --0.3% | |
| MDB | C | --0.31% | |
| INSP | D | --0.31% | |
| GTLB | C | --0.31% | |
| COHR | B | --0.32% | |
| NDAQ | B | --0.32% | |
| BEN | C | --0.33% | |
| AFRM | B | --0.33% | |
| APO | B | --0.34% | |
| PINS | D | --0.34% | |
| AUR | C | --0.35% | |
| BILL | B | --0.35% | |
| VVV | B | --0.35% | |
| WBD | C | --0.36% | |
| MKTX | C | --0.36% | |
| CCOI | B | --0.37% | |
| ZBRA | B | --0.37% | |
| LPLA | A | --0.38% | |
| CACC | F | --0.38% | |
| RIVN | F | --0.39% | |
| ON | D | --0.4% | |
| PATH | D | --0.41% | |
| DLTR | F | --0.42% | |
| SMCI | F | --0.43% | |
| BA | F | --0.44% | |
| DG | F | --0.44% | |
| MCHP | F | --0.45% | |
| DV | D | --0.47% | |
| LBRDK | B | --0.47% | |
| TTWO | B | --0.49% | |
| CGNX | C | --0.49% | |
| RBLX | B | --0.49% | |
| U | D | --0.5% | |
| GE | C | --0.5% | |
| SATS | C | --0.51% | |
| FIVN | D | --0.51% | |
| ZI | C | --0.52% | |
| RH | B | --0.52% | |
| DXCM | D | --0.53% | |
| CFLT | C | --0.53% | |
| BRZE | D | --0.54% | |
| ADBE | F | --0.54% | |
| POOL | B | --0.55% | |
| DELL | C | --0.55% | |
| FND | F | --0.56% | |
| FIVE | F | --0.58% | |
| WDC | C | --0.71% | |
| LITE | B | --0.75% | |
| LSCC | C | --0.87% | |
| TXN | A | --0.9% | |
| GFS | C | --0.91% | |
| INTC | C | --1.01% |
LABD: Top Represented Industries & Keywords
CLSE: Top Represented Industries & Keywords
Industries:
Software - Application
Biotechnology
Semiconductors
Banks - Regional - US
Software - Infrastructure
Diagnostics & Research
Engineering & Construction
Asset Management
Insurance - Property & Casualty
Building Materials
Business Services
Capital Markets
Information Technology Services
Internet Content & Information
Credit Services
Drug Manufacturers - Major
Household & Personal Products
Medical Devices
REIT - Industrial
Rental & Leasing Services
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