LABD vs. EVNT ETF Comparison
Comparison of Direxion Daily S&P Biotech Bear 3X Shares (LABD) to AltShares Event-Driven ETF (EVNT)
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
$5.76
Average Daily Volume
15,699,334
79
EVNT
AltShares Event-Driven ETF
EVNT Description
AltShares Event-Driven ETF is an exchange traded fund launched and managed by Water Island Capital, LLC. The fund invests in the public equity and fixed income markets across the globe. For its equity portion, the fund invests in stocks of companies operating across diversified sectors. It invests in event-driven/arbitrage stocks of companies across diversified market capitalization. The fund invests in fixed income securities with varying maturities. AltShares Event-Driven ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$10.62
Average Daily Volume
290
44
Performance
| Period | LABD | EVNT |
|---|---|---|
| 30 Days | -3.36% | 0.28% |
| 60 Days | 6.17% | 1.38% |
| 90 Days | -9.66% | 3.32% |
| 12 Months | -75.44% | 12.00% |
1 Overlapping Holdings
| Symbol | Grade | Weight in LABD | Weight in EVNT | Overlap | |
|---|---|---|---|---|---|
| GTHX | A | 0.42% | 0.77% | 0.42% |
LABD Overweight 78 Positions Relative to EVNT
| Symbol | Grade | Weight | |
|---|---|---|---|
| EXEL | A | 1.91% | |
| BMRN | F | 1.89% | |
| BLUE | F | 1.87% | |
| VRTX | D | 1.84% | |
| SAGE | F | 1.8% | |
| UTHR | A | 1.78% | |
| REGN | F | 1.77% | |
| AMGN | C | 1.75% | |
| ALNY | C | 1.73% | |
| EXAS | A | 1.73% | |
| ABBV | A | 1.72% | |
| ACAD | F | 1.68% | |
| SRPT | D | 1.66% | |
| BIIB | F | 1.65% | |
| IONS | F | 1.64% | |
| GILD | A | 1.64% | |
| NBIX | C | 1.62% | |
| BPMC | C | 1.61% | |
| INCY | A | 1.51% | |
| RARE | D | 1.49% | |
| MRNA | F | 1.47% | |
| LGND | A | 1.46% | |
| ARWR | F | 1.45% | |
| BHVN | B | 1.42% | |
| PTCT | B | 1.4% | |
| FOLD | B | 1.38% | |
| AGIO | B | 1.37% | |
| APLS | F | 1.24% | |
| ALKS | F | 1.21% | |
| MYGN | F | 1.08% | |
| NTRA | B | 1.08% | |
| IOVA | B | 1.07% | |
| FGEN | F | 1.05% | |
| RGNX | F | 1.05% | |
| CHRS | F | 0.99% | |
| EBS | B | 0.96% | |
| CDNA | D | 0.93% | |
| HRTX | F | 0.84% | |
| INSM | D | 0.81% | |
| KPTI | C | 0.79% | |
| ESPR | C | 0.79% | |
| ALLK | B | 0.76% | |
| IRWD | F | 0.75% | |
| VCYT | A | 0.72% | |
| HALO | B | 0.71% | |
| FATE | F | 0.67% | |
| EDIT | F | 0.66% | |
| PBYI | C | 0.65% | |
| MDGL | A | 0.59% | |
| TGTX | A | 0.55% | |
| ADVM | D | 0.55% | |
| ALLO | D | 0.54% | |
| CPRX | A | 0.53% | |
| ANAB | F | 0.53% | |
| XNCR | A | 0.49% | |
| SGMO | A | 0.48% | |
| ENTA | D | 0.47% | |
| EGRX | F | 0.42% | |
| ATRA | C | 0.41% | |
| VKTX | A | 0.38% | |
| ANIK | F | 0.37% | |
| VNDA | D | 0.35% | |
| OPK | C | 0.35% | |
| VCEL | D | 0.34% | |
| TVTX | B | 0.33% | |
| KOD | B | 0.29% | |
| BBIO | D | 0.29% | |
| NTLA | F | 0.29% | |
| PGEN | F | 0.29% | |
| DNLI | C | 0.28% | |
| KRYS | C | 0.28% | |
| GOSS | F | 0.27% | |
| VYGR | C | 0.26% | |
| MGNX | C | 0.25% | |
| ALEC | D | 0.25% | |
| CYTK | F | 0.25% | |
| DVAX | A | 0.24% | |
| YMAB | A | 0.24% |
LABD Underweight 43 Positions Relative to EVNT
| Symbol | Grade | Weight | |
|---|---|---|---|
| HES | B | -4.35% | |
| CTLT | D | -3.94% | |
| HA | A | -3.73% | |
| HCP | A | -3.69% | |
| JNPR | A | -3.35% | |
| PETQ | A | -3.29% | |
| AMED | C | -3.17% | |
| PRFT | A | -3.16% | |
| AXNX | A | -2.98% | |
| ANSS | C | -2.82% | |
| CHX | F | -2.68% | |
| MGRC | A | -2.56% | |
| SRCL | A | -2.55% | |
| X | C | -1.88% | |
| CCI | D | -1.78% | |
| INST | A | -1.77% | |
| K | A | -1.74% | |
| MRO | C | -1.54% | |
| ENV | A | -1.51% | |
| EDR | A | -1.48% | |
| SILK | A | -1.46% | |
| ESGR | C | -1.4% | |
| VZIO | C | -1.21% | |
| RCM | A | -1.19% | |
| DIS | C | -1.07% | |
| SQSP | A | -0.98% | |
| CHUY | B | -0.96% | |
| CPRI | F | -0.92% | |
| AURA | B | -0.86% | |
| PVH | C | -0.85% | |
| PARA | C | -0.83% | |
| CZR | D | -0.81% | |
| PACB | C | -0.81% | |
| VFC | A | -0.78% | |
| WBD | C | -0.76% | |
| RIVN | F | -0.76% | |
| SNOW | C | -0.74% | |
| EVRI | A | -0.7% | |
| BE | D | -0.51% | |
| ACI | C | -0.42% | |
| CLSD | F | -0.33% | |
| WSC | F | --0.9% | |
| SNPS | B | --1.24% |
LABD: Top Represented Industries & Keywords
EVNT: Top Represented Industries & Keywords
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