{"url":"https://etfiq.com/compare/leverage/labd-vs-labu","section":"compare","title":"LABD vs LABU: which held to its multiple? | ETFIQ","description":"LABD sets out to return -3 times XBI each day and LABU +3 times. Over the three months to Sep 30, 2026 they finished \u22128.5 pts and \u22128.0 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, LABD or LABU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, LABD finished 8.5 points from what its multiple implies and LABU finished 8.0 points from its own, so LABU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are LABD and LABU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on biotech, LABD at -3 times and LABU at +3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, LABD or LABU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window LABD\u2019s moved at 29% annualized and LABU\u2019s at 29%, so LABD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold LABD or LABU for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, LABD or LABU?","acceptedAnswer":{"@type":"Answer","text":"LABD charges 1.07% a year and LABU charges 0.96%, so LABU is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"LABD vs LABU","item":"https://etfiq.com/compare/leverage/labd-vs-labu"}]},{"@type":"WebPage","name":"LABD vs LABU: which held to its multiple?","description":"LABD sets out to return -3 times XBI each day and LABU +3 times. Over the three months to Sep 30, 2026 they finished \u22128.5 pts and \u22128.0 pts away.","url":"https://etfiq.com/compare/leverage/labd-vs-labu","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, LABD finished 3.0 points over and LABU 1.9 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of LABD and LABU","description":"LABD sets out to return -3 times XBI each day and LABU +3 times. Over the three months to Sep 30, 2026 they finished \u22128.5 pts and \u22128.0 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/labd-vs-labu","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7011,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / LABD vs LABU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n LABD vs LABU: which held to its multiple?\n\n Over three months against its own daily promise, LABD finished 3.0 points over and LABU 1.9 points short.\n Copy this for sharing \n \n Direxion Daily S&P Biotech Bear 3X ETF and Direxion Daily S&P Biotech Bull 3X ETF.\n\n Download as PDF \n\n \u221210.6% LABD returned, 3 months \n \u22125.8% LABU returned, 3 months \n \u22128.5 pts LABD from its stated multiple \n \u22128.0 pts LABU from its stated multiple \n\n ETFIQ Decay Resistance Score: LABD scores high","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/labd-vs-labu","a":{"ticker":"LABD","name":"Direxion Daily S&P Biotech Bear 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: LABD returned \u221210.6% where its own daily promise gave \u221213.6%, 3.0 points over.","url":"https://etfiq.com/funds/labd","key_facts":[{"label":"What XBI did","value":"+0.7%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"\u221213.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221210.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+3.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$151m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.07%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"LABU","name":"Direxion Daily S&P Biotech Bull 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: LABU returned \u22125.8% where its own daily promise gave \u22124.0%, 1.9 points short.","url":"https://etfiq.com/funds/labu","key_facts":[{"label":"What XBI did","value":"+0.7%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u22124.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22125.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$603m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.96%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/labd-vs-labu"}