- ISIN
- US25460E3493
- CUSIP
- 25460E349
- Issuer
- Direxion
- Inception Date
- Nov 7, 2019
- Region
- North America (U.S.)
- Category
- Leveraged Equities, S&P 500
- Leveraged
- 3x
- Index Tracked
- S&P 500 High Beta Index (300%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $75M
Highlights
- Avg. Volume (1M)
- 60K
- Avg. Volume Value (1M)
- $6.17M
Share Price Chart
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Performance
HIBL Performance Chart
Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is up 41.0% since the beginning of the year. HIBL is currently trading at $93 per share. Investors who bought $1,000 worth of HIBL shares 5 years ago would now be looking at an investment worth $1,567.
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Returns By Period
Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has returned 40.96% so far this year and 102.38% over the past 12 months.
Direxion Daily S&P 500 High Beta Bull 3X Shares
- 1D
- 0.35%
- 1M
- -17.96%
- 6M
- 28.73%
- YTD
- 40.96%
- 1Y
- 102.38%
- 3Y*
- 30.75%
- 5Y*
- 9.40%
- 10Y*
- —
- ALL TIME*
- 15.61%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HIBL Monthly Returns History
Based on dividend-adjusted daily data since Nov 7, 2019, HIBL's average daily return is +0.23%, while the average monthly return is +4.58%. At this rate, an investment would double in approximately 1.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +85.9%, while the worst month was Mar 2020 at -74.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HIBL closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +43.2%, while the worst single day was Mar 12, 2020 at -32.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.50% | 2.07% | -18.58% | 52.46% | 36.10% | 6.15% | -29.67% | 40.96% | |||||
| 2025 | 6.69% | -15.98% | -29.34% | -9.60% | 33.13% | 34.87% | 15.71% | 4.04% | 14.05% | 12.39% | -7.33% | 9.09% | 60.38% |
| 2024 | -8.91% | 13.50% | 11.84% | -20.21% | 3.15% | 3.68% | 6.36% | -7.62% | 10.30% | -10.13% | 22.03% | -15.06% | -0.40% |
| 2023 | 52.38% | -9.36% | -5.69% | -12.82% | 5.06% | 35.22% | 15.83% | -17.97% | -22.26% | -25.22% | 44.07% | 41.01% | 81.02% |
| 2022 | -18.08% | 2.55% | -1.91% | -32.78% | -2.54% | -40.15% | 50.87% | -16.61% | -31.89% | 23.78% | 24.61% | -25.62% | -68.24% |
| 2021 | -3.78% | 62.01% | 11.08% | 13.95% | 15.00% | -4.37% | -12.77% | 6.77% | -6.61% | 23.00% | -8.09% | 7.40% | 129.14% |
Benchmark Metrics
Direxion Daily S&P 500 High Beta Bull 3X Shares has an annualized alpha of 0.37%, beta of 3.73, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since November 07, 2019.
- This ETF captured 759.61% of S&P 500 Index gains and 246.33% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Beta of 3.73 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 0.37%
- Beta
- 3.73
- R²
- 0.66
- Upside Capture
- 759.61%
- Downside Capture
- 246.33%
Expense Ratio
HIBL has a high expense ratio of 1.12%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HIBL ranks 53 for risk / return — above 53% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HIBL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.00 | +0.25 |
| Martin ratioReturn relative to average drawdown | 7.72 | 8.49 | -0.77 |
Dividends
Dividend History
Direxion Daily S&P 500 High Beta Bull 3X Shares provided a 1.61% dividend yield over the last twelve months, with an annual payout of $1.49 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.49 | $1.59 | $0.34 | $0.29 | $0.00 | $0.04 | $0.06 | $0.08 |
Dividend yield | 1.61% | 2.43% | 0.82% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.08 | |||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.41 | $1.59 |
| 2024 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.34 |
| 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 | $0.29 |
| 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 | $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 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 32.46%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-88.27%Apr 2020 | 2mo 13d | 10mo 22d | 1y 1moJan 2020 - Feb 2021 | COVID crash2020 |
-81.58%Apr 2025 | 3y 5mo | 1y 9d | 4y 5moNov 2021 - Apr 2026 | 2025 selloff2025 |
-40.14%Jul 2026 | 1mo 6d | — | 1mo 10dJun 2026 - now | — |
-35.60%Jul 2021 | 1mo 16d | 3mo 15d | 5mo 1dJun 2021 - Nov 2021 | — |
-26.22%Jun 2026 | 7d | 12d | 19dJun 2026 - Jun 2026 | — |
Drawdown Indicators
| HIBL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.27% | -56.78% | -31.49% |
Max Drawdown (1Y)Largest decline over 1 year | -40.14% | -9.10% | -31.04% |
Max Drawdown (3Y)Largest decline over 3 years | -69.66% | -18.90% | -50.76% |
Max Drawdown (5Y)Largest decline over 5 years | -81.58% | -25.43% | -56.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -32.46% | -1.58% | -30.88% |
Average DrawdownAverage peak-to-trough decline | -43.55% | -10.70% | -32.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.72% | 2.14% | +9.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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