LABD vs VOO
Direxion Daily S&P Biotech Bear 3X ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | LABD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.07% | 0.03% | |
| AUM | $61M | $997.4B | |
| Dividend Yield | 4.50% | 1.08% | |
| Holdings | 10 | 509 | |
| YTD Return | -68.57% | +13.25% | |
| 1Y Return | -87.99% | +19.96% | |
| 3Y Return (annualized) | -64.69% | +21.27% | |
| 5Y Return (annualized) | -47.94% | +12.81% | |
| Volatility (annualized) | 87.4% | 14.1% | |
| Max Drawdown | -100.0% | -34.3% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | May 28, 2015 | Sep 7, 2010 |
LABD vs VOO Performance
Direxion Daily S&P Biotech Bear 3X ETF (LABD) is a ETF from Direxion Shares ETF Trust and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year LABD returned -87.99% while VOO returned +19.96%. Year to date, LABD is down 68.57% versus a gain of 13.25% for VOO.
Over three years, LABD compounded at -64.69% per year against +21.27% for VOO; over five years the annualized figures are -47.94% and +12.81% respectively. Across the full 11-year window we track, VOO has the edge at +13.49% annualized vs -56.25%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LABD has been the more volatile fund, with annualized monthly volatility of 87.4% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -100.0% for LABD and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
LABD charges 1.07% per year while VOO charges 0.03%. On a $10,000 position that is $107 vs $3 annually, a gap of $104 per year that compounds over a long holding period. On income, LABD currently yields 4.50% against 1.08% for VOO.
Holdings Overlap
LABD and VOO share 0 holdings out of 509 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, LABD or VOO?
LABD has an expense ratio of 1.07% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $104 per year of difference.
Which performed better, LABD or VOO?
Over the past year LABD returned -87.99% vs +19.96% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (11 years), LABD annualized -56.25% vs +13.49% for VOO. Past performance does not guarantee future results.
Which is riskier, LABD or VOO?
LABD has been the more volatile fund at 87.4% annualized versus 14.1% for VOO. Worst drawdown: LABD -100.0% vs VOO -34.3%.
Should I hold both LABD and VOO?
LABD and VOO have a monthly-return correlation of -0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between LABD and VOO?
LABD and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, LABD or VOO?
LABD yields 4.50% while VOO yields 1.08%, so LABD currently pays the higher dividend yield.
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