DUKQ vs. HIBS
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 20.41% vs -72.12% for HIBS. Their -0.89 correlation means they have often moved in opposite directions in the past. DUKQ charges 0.98%/yr vs 1.06%/yr for HIBS.
Performance
DUKQ vs. HIBS - Performance Comparison
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Returns By Period
In the year-to-date period, DUKQ achieves a 11.30% return, which is significantly higher than HIBS's -53.83% return.
DUKQ
- 1D
- 0.33%
- 1M
- -1.27%
- 6M
- 9.35%
- YTD
- 11.30%
- 1Y
- 20.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.73%
HIBS
- 1D
- 0.48%
- 1M
- 13.62%
- 6M
- -48.40%
- YTD
- -53.83%
- 1Y
- -72.12%
- 3Y*
- -56.71%
- 5Y*
- -53.53%
- 10Y*
- —
- ALL TIME*
- -67.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $51.46K | $71.37K | $60.45K | |
| $7.09M | $5.55M | $4.92M |
DUKQ vs. HIBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DUKQ Ocean Park Domestic ETF | 11.30% | 5.69% | 4.80% |
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | -53.83% | -72.44% | -13.52% |
Correlation
The correlation between DUKQ and HIBS is -0.92, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.92 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024 | -0.89 |
The correlation between DUKQ and HIBS has been stable across timeframes, ranging from -0.92 to -0.89 - a consistent structural relationship.
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Return for Risk
DUKQ vs. HIBS — Risk / Return Rank
DUKQ
HIBS
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 ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.83 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | -0.89 | +3.28 |
| Martin ratioReturn relative to average drawdown | 9.34 | -1.42 | +10.77 |
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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.
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Drawdown Indicators
| DUKQ | HIBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.44% | -99.98% | +81.54% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -79.06% | +71.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -96.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -98.61% | — |
Current DrawdownCurrent decline from peak | -2.57% | -99.98% | +97.41% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -93.24% | +89.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 49.54% | -47.54% |
Volatility
DUKQ vs. HIBS - Volatility Comparison
The current volatility for Ocean Park Domestic ETF (DUKQ) is 3.46%, while Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a volatility of 29.61%. 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.
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Volatility by Period
| DUKQ | HIBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 29.61% | -26.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 66.67% | -56.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.51% | 80.06% | -66.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.87% | 83.97% | -69.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.87% | 95.36% | -80.49% |
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 0.32%, less than HIBS's 7.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DUKQ Ocean Park Domestic ETF | 0.32% | 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 | 7.69% | 8.42% | 5.34% | 6.49% | 0.04% | 0.00% | 0.92% | 0.13% |
Frequently Asked Questions
DUKQ and HIBS have a correlation of -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBS has higher volatility (29.61%) compared to DUKQ (3.46%). In terms of maximum drawdown, DUKQ dropped -18.44% vs HIBS's -99.98%.
On 1-year performance, DUKQ leads with 20.41% vs -72.12% for HIBS. On fees, DUKQ is cheaper at 0.98% per year. On volatility, DUKQ has been the lower-risk option at 3.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DUKQ has performed better with a 20.41% return vs -72.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DUKQ is cheaper with a 0.98% expense ratio, compared with 1.06% for HIBS.
HIBS has the higher dividend yield at 7.69%, compared with 0.32% for DUKQ.
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.
DUKQ currently has the higher Sharpe Ratio (1.39 vs -0.88), 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.
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