# Direxion Daily S&P Biotech Bear 3X Shares (LABD)

> Source: Nexqual · https://nexqual.com/LABD · data as of 2026-10-23 13:30 UTC · cite as "Nexqual, Direxion Daily S&P Biotech Bear 3X Shares (LABD), nexqual.com/LABD" · informational, not investment advice.

**Price:** USD 7.85 (+3.02% today) · US market open, as of October 23, 2026 at 13:30 UTC; quotes may be delayed. Prev close 7.62 · day 7.79–7.86 · 52w 5.81–33.24 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y -75.0% vs S&P 500 +14.9%; 5Y -95.8% vs S&P 500 +80.3%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -75.0% | -95.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -75.0% | -46.9% |
| Volatility (annualized) | 87.9% | 90.4% |
| Max drawdown | -81.4% (Oct 2025→Aug 2026) | -98.9% (May 2022→Aug 2026) |

## Peers
LABU (Direxion Daily S&P Biotech Bull) USD 222.01 -3.13% · TECS (Direxion Technology Bear 3X ETF) USD 63.26 +9.98% · SOXS (Direxion Daily Semiconductor Be) USD 53.57 +0.23% · DRIP (Direxion Daily S&P Oil & Gas Ex) USD 30.87 -0.42% · YANG (Direxion Daily FTSE China Bear ) USD 36.78 +0.25%

## More
Full page: https://nexqual.com/LABD · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 108.0% | ±12.8% |
| 2026-11-06 | 14 | 113.7% | ±18.4% |
| 2026-11-13 | 21 | 216.0% | ±41.7% |
| 2026-11-20 | 28 | 120.4% | ±26.9% |
| 2026-12-18 | 56 | 95.6% | ±30.8% |
| 2027-01-15 | 84 | 97.8% | ±38.4% |
| 2027-03-19 | 147 | 118.4% | ±59.1% |
| 2027-06-17 | 237 | 96.9% | ±60.0% |