HIBL vs. BMNG
HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both Leveraged Equities funds. HIBL is passively managed, while BMNG is actively managed. A 0.55 correlation means they provide meaningful diversification when combined. HIBL charges 1.12%/yr vs 0.75%/yr for BMNG.
Performance
HIBL vs. BMNG - Performance Comparison
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Returns By Period
In the year-to-date period, HIBL achieves a 62.78% return, which is significantly higher than BMNG's -83.14% return.
HIBL
- 1D
- -7.56%
- 1M
- -9.73%
- 6M
- 41.34%
- YTD
- 62.78%
- 1Y
- 128.52%
- 3Y*
- 39.19%
- 5Y*
- 12.26%
- 10Y*
- —
BMNG
- 1D
- -4.71%
- 1M
- -22.33%
- 6M
- -86.67%
- YTD
- -83.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIBL vs. BMNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 62.78% | 2.09% |
BMNG Leverage Shares 2X Long BMNR Daily ETF | -83.14% | -80.50% |
Correlation
The correlation between HIBL and BMNG is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.55 |
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Return for Risk
HIBL vs. BMNG — Risk / Return Rank
HIBL
BMNG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HIBL vs. BMNG - 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 BMNR Daily ETF (BMNG). 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.
| HIBL | BMNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | — | — |
| Martin ratioReturn relative to average drawdown | 13.41 | — | — |
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Drawdowns
HIBL vs. BMNG - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, smaller than the maximum BMNG drawdown of -97.32%. Use the drawdown chart below to compare losses from any high point for HIBL and BMNG.
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Drawdown Indicators
| HIBL | BMNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.27% | -97.32% | +9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -31.39% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -69.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -81.58% | — | — |
Current DrawdownCurrent decline from peak | -22.01% | -96.86% | +74.85% |
Average DrawdownAverage peak-to-trough decline | -43.67% | -83.13% | +39.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.62% | — | — |
Volatility
HIBL vs. BMNG - Volatility Comparison
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Volatility by Period
| HIBL | BMNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 34.48% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 62.65% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 76.01% | 185.89% | -109.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.63% | 185.89% | -102.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.50% | 185.89% | -93.39% |
HIBL vs. BMNG - Expense Ratio Comparison
HIBL has a 1.12% expense ratio, which is higher than BMNG's 0.75% expense ratio.
Dividends
HIBL vs. BMNG - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 1.39%, while BMNG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BMNG Leverage Shares 2X Long BMNR Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 1.39% | 2.43% | 0.82% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% |
Frequently Asked Questions
HIBL and BMNG have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BMNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BMNG is cheaper with a 0.75% expense ratio, compared with 1.12% for HIBL.
HIBL has the higher dividend yield at 1.39%, compared with 0.00% for BMNG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.12% for HIBL and 0.75% for BMNG.
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