DUKQ vs. HIBS

Last updated Jun 23, 2026

DUKQ (Ocean Park Domestic ETF) and HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares) are both exchange-traded funds - DUKQ is a Large Cap Blend Equities fund actively managed by Ocean Park, while HIBS is a Inverse Equities fund tracking the S&P 500® High Beta Index. DUKQ is actively managed, while HIBS is passively managed. Over the past year, DUKQ returned 27.38% vs -83.91% for HIBS. At a correlation of -0.88, they often move in opposite directions. DUKQ charges 0.98%/yr vs 1.06%/yr for HIBS.

Performance

DUKQ vs. HIBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ocean Park Domestic ETF (DUKQ) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUKQ achieves a 13.40% return, which is significantly higher than HIBS's -65.32% return.

DUKQ

• 1D: 0.08%
• 1M: 2.89%
• YTD: 13.40%
• 6M: 12.21%
• 1Y: 27.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HIBS

• 1D: -4.12%
• 1M: -30.64%
• YTD: -65.32%
• 6M: -62.41%
• 1Y: -83.91%
• 3Y*: -64.07%
• 5Y*: -55.71%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DUKQ vs. HIBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DUKQ Ocean Park Domestic ETF	13.40%	5.69%	4.80%
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares	-65.32%	-72.44%	-13.52%

Correlation

The correlation between DUKQ and HIBS is -0.91, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.91
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	-0.88

The correlation between DUKQ and HIBS has been stable across timeframes, ranging from -0.91 to -0.88 - a consistent structural relationship.

Return for Risk

DUKQ vs. HIBS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DUKQ

DUKQ Risk / Return Rank: 69
DUKQ Sharpe Ratio Rank: 66
DUKQ Sortino Ratio Rank: 63
DUKQ Omega Ratio Rank: 64
DUKQ Calmar Ratio Rank: 72
DUKQ Martin Ratio Rank: 77

HIBS

HIBS Risk / Return Rank: 0
HIBS Sharpe Ratio Rank: 1
HIBS Sortino Ratio Rank: 0
HIBS Omega Ratio Rank: 0
HIBS Calmar Ratio Rank: 0
HIBS Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DUKQ vs. HIBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ocean Park Domestic ETF (DUKQ) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	DUKQ	HIBS	Difference
Sharpe ratio: Return per unit of total volatility	2.10	-1.15	+3.25
Sortino ratio: Return per unit of downside risk	2.86	-2.83	+5.69
Omega ratio: Gain probability vs. loss probability	1.37	0.70	+0.67
Calmar ratio: Return relative to maximum drawdown	3.51	-1.01	+4.51
Martin ratio: Return relative to average drawdown	14.40	-1.59	+15.98

DUKQ vs. HIBS - Sharpe Ratio Comparison

The current DUKQ Sharpe Ratio is 2.10, which is higher than the HIBS Sharpe Ratio of -1.15. The chart below compares the historical Sharpe Ratios of DUKQ and HIBS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DUKQ vs. HIBS - Drawdown Comparison

The maximum DUKQ drawdown since its inception was -18.44%, smaller than the maximum HIBS drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for DUKQ and HIBS.

Drawdown Indicators

	DUKQ	HIBS	Difference
Max Drawdown Largest peak-to-trough decline	-18.44%	-99.98%	+81.54%
Max Drawdown (1Y) Largest decline over 1 year	-7.84%	-83.48%	+75.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-96.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-98.70%	—
Current Drawdown Current decline from peak	-0.44%	-99.98%	+99.54%
Average Drawdown Average peak-to-trough decline	-3.84%	-93.13%	+89.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	53.96%	-52.05%

Volatility

DUKQ vs. HIBS - Volatility Comparison

The current volatility for Ocean Park Domestic ETF (DUKQ) is 5.19%, while Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a volatility of 32.66%. This indicates that DUKQ experiences smaller price fluctuations and is considered to be less risky than HIBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUKQ	HIBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	32.66%	-27.47%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	59.45%	-49.21%
Volatility (1Y) Calculated over the trailing 1-year period	13.15%	73.19%	-60.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.99%	83.35%	-68.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	95.18%	-80.19%

DUKQ vs. HIBS - Expense Ratio Comparison

DUKQ has a 0.98% expense ratio, which is lower than HIBS's 1.06% expense ratio.

Dividends

DUKQ vs. HIBS - Dividend Comparison

DUKQ's dividend yield for the trailing twelve months is around 0.66%, less than HIBS's 13.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DUKQ Ocean Park Domestic ETF	0.66%	0.68%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares	13.66%	8.42%	5.34%	6.49%	0.04%	0.00%	0.92%	0.13%

Frequently Asked Questions

Can I hold both DUKQ and HIBS in my portfolio?

DUKQ and HIBS have a correlation of -0.91, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUKQ or HIBS?

HIBS has higher volatility (32.66%) compared to DUKQ (5.19%). In terms of maximum drawdown, DUKQ dropped -18.44% vs HIBS's -99.98%.

Which ETF is better, DUKQ or HIBS?

On 1-year performance, DUKQ leads with 27.38% vs -83.91% for HIBS. On fees, DUKQ is cheaper at 0.98% per year. On volatility, DUKQ has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUKQ or HIBS?

Over the 1-year period, DUKQ has performed better with a 27.38% return vs -83.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUKQ or HIBS?

DUKQ is cheaper with a 0.98% expense ratio, compared with 1.06% for HIBS.

Which ETF pays a higher dividend yield, DUKQ or HIBS?

HIBS has the higher dividend yield at 13.66%, compared with 0.66% for DUKQ.

What is the main difference between DUKQ and HIBS?

DUKQ is categorized as Large Cap Blend Equities, while HIBS is Inverse Equities. They also come from different issuers: Ocean Park and Direxion. Their fees differ too: 0.98% for DUKQ and 1.06% for HIBS.

Which has better risk-adjusted returns?

DUKQ currently has the higher Sharpe Ratio (2.10 vs -1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.