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LABU vs UDOW

Direxion Daily S&P Biotech Bull 3X Shares

LABUBNYSE Arca

ProShares UltraPro Dow30

UDOWANYSE Arca

Overlap

Expense ratio

UDOW −0.02pt a year

LABU0.96%UDOW0.94%

Avg volume · 30D

UDOW 4.1×the volume

LABU415KUDOW1.72M

10Y return · a year

UDOW +30.2pt

LABU−7.9%UDOW+22.3%

LABU vs UDOW Performance

Oct 29, 2021 – Oct 30, 2026

−76.4%LABU+66.5%UDOW

Oct 29, 2021 to Oct 30, 2026. LABU −76.4%. UDOW +66.5%. Use the arrow keys to read each point.−100%−50%0%100%Oct 2021Apr 2024Oct 2026
Expense ratio
LABU 0.96%
UDOW 0.94%, better
Fund size
LABU $673M
UDOW $841M
1Y total return
LABU +89.6%, better
UDOW +16.0%
Yield (12M)
LABU 0.37%
UDOW 1.06%, better
Holdings
LABU 168
UDOW 33
Avg volume (30D)
LABU 415K sh
UDOW 1.72M sh, better
NAV per share
LABU $256.47
UDOW $65.43
52W range

ETF.net Grade

LABU: Cost 62, Risk 45, Mission not scored, Tradability 49, Holdings not scored, Durability 59. UDOW: Cost 78, Risk 85, Mission 77, Tradability 89, Holdings 56, Durability 71.
Pillar letters and Scores for LABU, UDOW, with each pillar’s weight
PillarLABUUDOW
Cost30% weightB62A78Higher
Mission25% weightNot scoredA77
Risk15% weightC45A85Higher
Tradability15% weightC49A89Higher
Holdings10% weightNot scoredB56
Durability5% weightB59A71Higher

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. LABU and UDOW are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

UDOW ranks 2nd and LABU 11th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 10BUMDDProShares UltraPro MidCap 400Score 56
  5. Rank 11BLABUDirexion Daily S&P Biotech Bull 3X SharesScore 54
  6. Rank 12CDFENDirexion Daily Aerospace & Defense Bull 3X SharesScore 51

Our read on each fund

ETF.net Research

LABUBDirexion Daily S&P Biotech Bull 3X Shares

UDOWAProShares UltraPro Dow30

In short

LABU Three times the daily move of an index of roughly 160 biotech stocks, the corner of the market where one trial readout resets the tape. Direxion's 2015-vintage bull leg, with a bear twin wired to the same benchmark.

UDOW The only 3x daily play on the Dow: 30 blue-chip names, price-weighted, reset every session. It is the industrial cousin of the semis-and-Nasdaq crowd that fills the leveraged aisle, and it has run since 2010.

Stated mandate

LABU The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the S&P Biotechnology Select Industry Index.

UDOW The Fund seeks daily results equal to three times the daily performance of the Dow Jones Industrial Average before fees and expenses. It uses equity securities, derivatives, and money-market instruments to pursue that daily leveraged exposure.

Why people hold it

  • LABU Fee is 0.96%, under the typical 3x fund's. Leverage is the pricey shelf in ETF land, and this one sits on the cheaper side of it.
  • The 3x rides a basket of roughly 160 biotech names, not one drug story, so no single approval or rejection owns the day.direxion.com
  • Trading since 2015 and actively traded, and it stands in the upper tier of the leveraged bull funds we cover.
  • A bear twin runs -300% of the same index daily, so the other side of the biotech view uses identical plumbing.direxion.com
  • UDOW ProShares calls UDOW the only ETF targeting 3x the daily move of the Dow. In a 3x aisle crowded with semiconductor and Nasdaq bets, the blue-chip index has exactly one lever.proshares.com
  • The Dow is a price-weighted measure of 30 US blue chips, so the exposure leans industrials, financials and health care instead of megacap tech.spglobal.com
  • Trading since 2010, it has run through several full market cycles and stays actively traded, which matters when the holding period is hours rather than years.
  • Among the stronger implementations in its 3x bull peer group, it stays close to its stated daily target and trades with the depth short-horizon traders look for.

Worth knowing

  • LABU The 300% target resets every day. Hold past that and compounding takes the wheel, so multi-day results can land far from 3x the index move over the same stretch.direxion.com
  • Leverage is pointed at one volatile industry, so daily swings arrive tripled in both directions. Position sizing does a lot of work here.
  • Distributions land annually or semiannually at most. This is built as a trading tool, not an income stream.
  • UDOW The 3x target resets every day. Over longer stretches, compounding and volatility can push results away from 3x the index move, as the prospectus spells out.proshares.com
  • At 0.94% with no waiver propping it up, cost sits near the typical 3x bull fund; TQQQ charges 0.78% net of a waiver through September 30, 2027.
  • Exposure is built with derivatives and cash instruments alongside stocks, so counterparty and derivative risk ride along with the market call.proshares.com

Full LABU profile⁠

Full UDOW profile⁠

LABU vs UDOW Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

LABU vs UDOW Cost

Overpaying LABU vs UDOW

$330

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • LABU 0.96%

    $18,034

  • UDOW 0.94%

    $17,704

$10,000
30 years

Cost over time

  • LABU 0.96%
  • UDOW 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530LABU $18,034UDOW $17,704

Year by year

YearLABUUDOWOverpaying
10$1,695$1,661$34
20$6,383$6,260$123
30$18,034$17,704$330

Expense ratio

  • 0.96%LABU
  • 0.94%UDOW, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

UDOW 7th cheapest of 30 funds

LABU 11th cheapest of 30 funds

LABU vs UDOW Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
LABU 0.37%
UDOW 1.06%, better
Payout (12M)
LABU $0.91
UDOW $0.69
Last payment
LABU $0.91
UDOW $0.15
Ex-dividend
LABU Dec 23, 2025
UDOW Sep 23, 2026
Paid on
LABU Dec 31, 2025
UDOW Sep 29, 2026
Frequency
LABU Quarterly
UDOW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

LABUQuarterly · 17 paymentsAll LABU payments⁠
One bar per payment. 17 payments from 2017 to 2026 YTD. Dec 13, 2017 $2.66; Jun 19, 2018 $0.39; Sep 25, 2018 $1.91; Dec 27, 2018 $1.92; Mar 19, 2019 $2.19; Jun 25, 2019 $0.74; Sep 24, 2019 $0.22; Dec 23, 2019 $0.11; Jun 21, 2023 $0.18; Sep 19, 2023 $0.04; Dec 21, 2023 $0.21; Mar 19, 2024 $0.16; Jun 25, 2024 $0.15; Mar 25, 2025 $0.11; Jun 24, 2025 $0.22; Sep 23, 2025 $0.10; Dec 23, 2025 $0.91. Use the arrow keys to read each point.$0$2.502017202020232026YTD
UDOWQuarterly · 15 paymentsAll UDOW payments⁠
One bar per payment. 15 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.007; Dec 26, 2017 $0.02; Dec 24, 2019 $0.07; Dec 23, 2020 $0.03; Dec 22, 2022 $0.09; Mar 20, 2024 $0.07; Jun 26, 2024 $0.16; Dec 23, 2024 $0.07; Mar 26, 2025 $0.16; Jun 25, 2025 $0.22; Sep 24, 2025 $0.23; Dec 24, 2025 $0.20; Mar 25, 2026 $0.14; Jun 24, 2026 $0.21; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$2.502017202020232026YTD

LABU vs UDOW Risk

Fall from peak · 5 years

  • LABU
  • UDOW
Oct 29, 2021 to Oct 30, 2026. Worst fall: LABU −97.1% · Apr 2025. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
LABU 76.7%UDOW 37.2%, better
Return per unit of riskSharpe ratio, 3 years
LABU 0.96, betterUDOW 0.95
Worst fallMax drawdown, 5 years
LABU −97.1%UDOW −56.0%, better
Market sensitivityBeta, 5 years
LABU 3.16UDOW 2.62

LABU and UDOW in the news

All news⁠

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