Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL)
HIBL is a passive ETF by Direxion tracking the investment results of the S&P 500 High Beta Index (300%). HIBL launched on Nov 7, 2019 and has a 1.12% expense ratio.
ETF Info
ISIN | US25460E3493 |
---|---|
CUSIP | 25460E349 |
Issuer | Direxion |
Inception Date | Nov 7, 2019 |
Region | North America (U.S.) |
Category | Leveraged Equities, Leveraged |
Leveraged | 3x |
Index Tracked | S&P 500 High Beta Index (300%) |
Home Page | www.direxion.com |
Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
HIBL has a high expense ratio of 1.12%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily S&P 500 High Beta Bull 3X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion Daily S&P 500 High Beta Bull 3X Shares had a return of -7.73% year-to-date (YTD) and 47.30% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -7.73% | 5.57% |
1 month | -20.21% | -4.16% |
6 months | 87.44% | 20.07% |
1 year | 47.30% | 20.82% |
5 years (annualized) | N/A | 11.56% |
10 years (annualized) | N/A | 10.37% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -8.91% | 13.50% | 11.84% | |||||||||
2023 | -25.22% | 44.07% | 41.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HIBL is 45, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Direxion Daily S&P 500 High Beta Bull 3X Shares(HIBL)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Daily S&P 500 High Beta Bull 3X Shares granted a 1.04% dividend yield in the last twelve months. The annual payout for that period amounted to $0.41 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|---|
Dividend | $0.41 | $0.29 | $0.00 | $0.04 | $0.06 | $0.08 |
Dividend yield | 1.04% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily S&P 500 High Beta Bull 3X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.15 | |||||||||
2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2020 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2019 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily S&P 500 High Beta Bull 3X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily S&P 500 High Beta Bull 3X Shares was 88.27%, occurring on Apr 3, 2020. Recovery took 221 trading sessions.
The current Direxion Daily S&P 500 High Beta Bull 3X Shares drawdown is 54.93%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-88.27% | Jan 21, 2020 | 53 | Apr 3, 2020 | 221 | Feb 19, 2021 | 274 |
-78.49% | Nov 9, 2021 | 235 | Oct 14, 2022 | — | — | — |
-35.6% | Jun 3, 2021 | 32 | Jul 19, 2021 | 74 | Nov 1, 2021 | 106 |
-22.11% | Mar 16, 2021 | 6 | Mar 23, 2021 | 25 | Apr 28, 2021 | 31 |
-13.64% | May 10, 2021 | 3 | May 12, 2021 | 3 | May 17, 2021 | 6 |
Volatility
Volatility Chart
The current Direxion Daily S&P 500 High Beta Bull 3X Shares volatility is 18.14%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.