HIBL vs. AMDG

Last updated Jun 4, 2026

HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) and AMDG (Leverage Shares 2X Long AMD Daily ETF) are both Leveraged Equities funds. HIBL is passively managed, while AMDG is actively managed. Over the past year, HIBL returned 279.13% vs 1172.87% for AMDG. A 0.65 correlation means they provide meaningful diversification when combined. HIBL charges 1.12%/yr vs 0.75%/yr for AMDG.

Performance

HIBL vs. AMDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and Leverage Shares 2X Long AMD Daily ETF (AMDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIBL achieves a 96.27% return, which is significantly lower than AMDG's 391.03% return.

HIBL

• 1D: -2.25%
• 1M: 38.56%
• YTD: 96.27%
• 6M: 98.56%
• 1Y: 279.13%
• 3Y*: 62.03%
• 5Y*: 11.57%
• 10Y*: —

AMDG

• 1D: 7.70%
• 1M: 134.89%
• YTD: 391.03%
• 6M: 367.32%
• 1Y: 1,172.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIBL vs. AMDG - Yearly Performance Comparison

	2026 (YTD)	2025
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	96.27%	34.75%
AMDG Leverage Shares 2X Long AMD Daily ETF	391.03%	96.98%

Correlation

The correlation between HIBL and AMDG is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jan 27, 2025	0.65

The correlation between HIBL and AMDG has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

Return for Risk

HIBL vs. AMDG — Risk / Return Rank

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

HIBL

HIBL Risk / Return Rank: 89
HIBL Sharpe Ratio Rank: 96
HIBL Sortino Ratio Rank: 80
HIBL Omega Ratio Rank: 77
HIBL Calmar Ratio Rank: 96
HIBL Martin Ratio Rank: 95

AMDG

AMDG Risk / Return Rank: 96
AMDG Sharpe Ratio Rank: 99
AMDG Sortino Ratio Rank: 93
AMDG Omega Ratio Rank: 92
AMDG Calmar Ratio Rank: 99
AMDG Martin Ratio Rank: 97

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.

HIBL vs. AMDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and Leverage Shares 2X Long AMD Daily ETF (AMDG). 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.

	HIBL	AMDG	Difference
Sharpe ratio: Return per unit of total volatility	4.26	9.15	-4.89
Sortino ratio: Return per unit of downside risk	3.61	4.75	-1.14
Omega ratio: Gain probability vs. loss probability	1.47	1.63	-0.16
Calmar ratio: Return relative to maximum drawdown	8.96	20.99	-12.04
Martin ratio: Return relative to average drawdown	32.84	41.10	-8.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIBL vs. AMDG - Sharpe Ratio Comparison

The current HIBL Sharpe Ratio is 4.26, which is lower than the AMDG Sharpe Ratio of 9.15. The chart below compares the historical Sharpe Ratios of HIBL and AMDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HIBL	AMDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.26	9.15	-4.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	3.36	-3.12

Drawdowns

HIBL vs. AMDG - Drawdown Comparison

The maximum HIBL drawdown since its inception was -88.27%, which is greater than AMDG's maximum drawdown of -63.04%. Use the drawdown chart below to compare losses from any high point for HIBL and AMDG.

Drawdown Indicators

	HIBL	AMDG	Difference
Max Drawdown Largest peak-to-trough decline	-88.27%	-63.04%	-25.23%
Max Drawdown (1Y) Largest decline over 1 year	-31.39%	-56.48%	+25.09%
Max Drawdown (3Y) Largest decline over 3 years	-69.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-81.58%	—	—
Current Drawdown Current decline from peak	-2.25%	0.00%	-2.25%
Average Drawdown Average peak-to-trough decline	-44.20%	-25.70%	-18.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.55%	28.80%	-20.25%

Volatility

HIBL vs. AMDG - Volatility Comparison

The current volatility for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is 21.25%, while Leverage Shares 2X Long AMD Daily ETF (AMDG) has a volatility of 45.35%. This indicates that HIBL experiences smaller price fluctuations and is considered to be less risky than AMDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIBL	AMDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.25%	45.35%	-24.10%
Volatility (6M) Calculated over the trailing 6-month period	50.46%	94.94%	-44.48%
Volatility (1Y) Calculated over the trailing 1-year period	66.16%	129.64%	-63.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.16%	130.26%	-48.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.89%	130.26%	-38.37%

HIBL vs. AMDG - Expense Ratio Comparison

HIBL has a 1.12% expense ratio, which is higher than AMDG's 0.75% expense ratio.

Dividends

HIBL vs. AMDG - Dividend Comparison

HIBL's dividend yield for the trailing twelve months is around 1.18%, less than AMDG's 2.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AMDG Leverage Shares 2X Long AMD Daily ETF	2.28%	11.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	1.18%	2.43%	0.82%	0.69%	0.00%	0.06%	0.19%	0.19%

Frequently Asked Questions

Can I hold both HIBL and AMDG in my portfolio?

HIBL and AMDG have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIBL or AMDG?

AMDG has higher volatility (45.35%) compared to HIBL (21.25%). In terms of maximum drawdown, HIBL dropped -88.27% vs AMDG's -63.04%.

Which ETF is better, HIBL or AMDG?

On 1-year performance, AMDG leads with 1172.87% vs 279.13% for HIBL. On fees, AMDG is cheaper at 0.75% per year. On volatility, HIBL has been the lower-risk option at 21.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HIBL or AMDG?

Over the 1-year period, AMDG has performed better with a 1172.87% return vs 279.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HIBL or AMDG?

AMDG is cheaper with a 0.75% expense ratio, compared with 1.12% for HIBL.

Which ETF pays a higher dividend yield, HIBL or AMDG?

AMDG has the higher dividend yield at 2.28%, compared with 1.18% for HIBL.

What is the main difference between HIBL and AMDG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.12% for HIBL and 0.75% for AMDG.

Which has better risk-adjusted returns?

AMDG currently has the higher Sharpe Ratio (9.15 vs 4.26), 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.