Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS)
HIBS is a passive ETF by Direxion tracking the investment results of the S&P 500 High Beta Index (300%). HIBS launched on Nov 7, 2019 and has a 1.07% expense ratio.
ETF Info
| ISIN | US25460E3311 |
|---|---|
| CUSIP | 25460E331 |
| Issuer | Direxion |
| Inception Date | Nov 7, 2019 |
| 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
HIBS has a high expense ratio of 1.07%, 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 Bear 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 Bear 3X Shares had a return of 0.25% year-to-date (YTD) and -49.21% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.25% | 5.57% |
| 1 month | 21.97% | -4.16% |
| 6 months | -54.27% | 20.07% |
| 1 year | -49.21% | 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 | 7.71% | -13.59% | -11.68% | |||||||||
| 2023 | 29.54% | -33.40% | -31.51% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HIBS is 3, indicating that it is in the bottom 3% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Direxion Daily S&P 500 High Beta Bear 3X Shares(HIBS)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) 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 Bear 3X Shares granted a 5.27% dividend yield in the last twelve months. The annual payout for that period amounted to $1.42 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $1.42 | $1.76 | $0.03 | $0.00 | $3.00 | $5.20 |
Dividend yield | 5.27% | 6.49% | 0.04% | 0.00% | 0.90% | 0.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily S&P 500 High Beta Bear 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 | $0.30 | |||||||||
| 2023 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.33 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $3.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $5.20 |
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 Bear 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 Bear 3X Shares was 99.82%, occurring on Mar 28, 2024. The portfolio has not yet recovered.
The current Direxion Daily S&P 500 High Beta Bear 3X Shares drawdown is 99.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.82% | Mar 19, 2020 | 1014 | Mar 28, 2024 | — | — | — |
| -30.45% | Dec 4, 2019 | 48 | Feb 12, 2020 | 8 | Feb 25, 2020 | 56 |
| -24.59% | Mar 13, 2020 | 1 | Mar 13, 2020 | 3 | Mar 18, 2020 | 4 |
| -18.69% | Mar 10, 2020 | 1 | Mar 10, 2020 | 2 | Mar 12, 2020 | 3 |
| -10.01% | Mar 2, 2020 | 1 | Mar 2, 2020 | 3 | Mar 5, 2020 | 4 |
Volatility
Volatility Chart
The current Direxion Daily S&P 500 High Beta Bear 3X Shares volatility is 17.56%, 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.