CATF vs LABD
Comparison between AMERICAN CENTURY CALIFORNIA MUNICIPAL BOND ETF (CATF, ETF) and DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES (LABD, ETF).
CATF vs LABD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
CATF vs LABD - Historical Returns
Returns include dividend reinvestment.
CATF vs LABD - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | CATF | LABD |
|---|---|---|
| 2026 | +1.80% | -37.78% |
| 2025 | +3.52% | -68.61% |
| 2024 | +0.66% | -18.89% |
| 2023 | N/A | -44.56% |
| 2022 | N/A | -25.77% |
| 2021 | N/A | +2.14% |
| 2020 | N/A | -89.93% |
| 2019 | N/A | -69.58% |
| 2018 | N/A | +1.91% |
| 2017 | N/A | -75.12% |
| 2016 | N/A | -44.64% |
| 2015 | N/A | -23.50% |
CATF vs LABD Drawdown Comparison
The maximum drawdown for CATF was -4.83%, occurring on Apr 11, 2025. Recovery took 189 trading sessions.
The maximum drawdown for LABD was -99.99%, occurring on Apr 17, 2026. This drawdown has not yet recovered.
The current CATF drawdown is -0.53%. The current LABD drawdown is -99.99%.
| Rank | CATF | LABD |
|---|---|---|
| #1 | -4.83% Dec 6, 2024 - Sep 11, 2025 | -99.99% Feb 11, 2016 - Apr 17, 2026 |
| #2 | -2.77% Feb 27, 2026 - Mar 27, 2026 | -53.76% Sep 29, 2015 - Jan 19, 2016 |
| #3 | -2.32% Oct 1, 2024 - Dec 2, 2024 | -41.58% Aug 24, 2015 - Sep 28, 2015 |
| #4 | -0.83% Aug 2, 2024 - Sep 6, 2024 | -39.32% May 28, 2015 - Aug 20, 2015 |
| #5 | -0.76% Sep 16, 2025 - Oct 13, 2025 | -14.71% Jan 19, 2016 - Jan 27, 2016 |
| #6 | -0.60% Nov 28, 2025 - Jan 6, 2026 | -8.21% Jan 28, 2016 - Feb 2, 2016 |
| #7 | -0.57% Oct 27, 2025 - Nov 26, 2025 | -6.76% Feb 2, 2016 - Feb 5, 2016 |
| #8 | -0.38% Jul 18, 2024 - Jul 29, 2024 | -1.53% Feb 8, 2016 - Feb 11, 2016 |
| #9 | -0.33% Jan 15, 2026 - Jan 21, 2026 | -0.27% Aug 20, 2015 - Aug 24, 2015 |
| #10 | -0.23% Feb 10, 2026 - Feb 12, 2026 | N/A |
| #11 | -0.17% Sep 16, 2024 - Sep 27, 2024 | N/A |
| #12 | -0.15% Dec 2, 2024 - Dec 4, 2024 | N/A |
| #13 | -0.14% Jan 21, 2026 - Jan 29, 2026 | N/A |
| #14 | -0.12% Feb 5, 2026 - Feb 9, 2026 | N/A |
| #15 | -0.10% Sep 27, 2024 - Oct 1, 2024 | N/A |
Correlation
Correlation between CATF and LABD is -0.93 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
Dividend Comparison (2018 - 2026)
CATF vs LABD dividend yield comparison.
| Year | CATF | LABD |
|---|---|---|
| 2026 | 1.52% | 0.68% |
| 2025 | 3.40% | 6.67% |
| 2024 | 1.32% | 4.68% |
| 2023 | 0.00% | 6.13% |
| 2022 | 0.00% | 0.53% |
| 2020 | 0.00% | 3.94% |
| 2019 | 0.00% | 1.75% |
| 2018 | 0.00% | 0.81% |
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