Direxion Daily S&P Biotech Bear 3X ETF drawdown: 100.0% below the all-time high (price)
Direxion Daily S&P Biotech Bear 3X ETF is 100.0% below its all-time high, set Feb 11, 2016 (as of market close, Oct 27, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −100.0%
- 0.0% of ATH
- All-time high
- $186,160
- Feb 11, 2016
- Time below the high
- 10.7 yrs
- since Feb 11, 2016
- Worst-ever drawdown
- −100.0%
- Aug 25, 2026
- Longest underwater
- 10.7 yrs
- between all-time highs
- Today's level first reached
- May 28, 2015
- 11.4 yrs ago
- Last time this deep
- never before
- no prior −100.0% episode
% of all-time high since 2015: price#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Feb 11, 2016 | Aug 25, 2026 | −100.0% | 10.5 yrs | not yet | 10.7 yrs+ |
| Sep 29, 2015 | Dec 29, 2015 | −53.8% | 3 mo | Jan 19, 2016 | 4 mo |
| Aug 24, 2015 | Sep 17, 2015 | −41.6% | 24 days | Sep 28, 2015 | 35 days |
| May 28, 2015 | Jul 17, 2015 | −39.3% | 50 days | Aug 20, 2015 | 3 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2015: how far Direxion Daily S&P Biotech Bear 3X ETF stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is Direxion Daily S&P Biotech Bear 3X ETF from its all-time high?
- Direxion Daily S&P Biotech Bear 3X ETF is currently 100.0% below its all-time high, set Feb 11, 2016 (as of market close, Oct 27, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Direxion Daily S&P Biotech Bear 3X ETF drawdown ever?
- The deepest decline on record in our data (since 2015) took Direxion Daily S&P Biotech Bear 3X ETF 100.0% below its prior high, bottoming Aug 25, 2026. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from LABD; no free deep history exists for Direxion Daily S&P Biotech Bear 3X ETF — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.