HIBL vs. BOIL
Compare and contrast key facts about Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and ProShares Ultra Bloomberg Natural Gas (BOIL).
HIBL and BOIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIBL is a passively managed fund by Direxion that tracks the performance of the S&P 500 High Beta Index (300%). It was launched on Nov 7, 2019. BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011. Both HIBL and BOIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIBL or BOIL.
Key characteristics
| HIBL | BOIL | |
|---|---|---|
| YTD Return | 16.01% | -70.75% |
| 1Y Return | 98.99% | -83.49% |
| 3Y Return (Ann) | -15.89% | -79.83% |
| 5Y Return (Ann) | 6.92% | -68.61% |
| Sharpe Ratio | 1.77 | -0.85 |
| Sortino Ratio | 2.21 | -1.87 |
| Omega Ratio | 1.29 | 0.81 |
| Calmar Ratio | 1.55 | -0.84 |
| Martin Ratio | 7.73 | -1.20 |
| Ulcer Index | 14.42% | 69.98% |
| Daily Std Dev | 62.91% | 98.32% |
| Max Drawdown | -88.27% | -99.99% |
| Current Drawdown | -43.33% | -99.99% |
Correlation
The correlation between HIBL and BOIL is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HIBL vs. BOIL - Performance Comparison
In the year-to-date period, HIBL achieves a 16.01% return, which is significantly higher than BOIL's -70.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HIBL vs. BOIL - Expense Ratio Comparison
HIBL has a 1.12% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Risk-Adjusted Performance
HIBL vs. BOIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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.
Dividends
HIBL vs. BOIL - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 0.93%, while BOIL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 0.93% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% |
BOIL ProShares Ultra Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HIBL vs. BOIL - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, smaller than the maximum BOIL drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for HIBL and BOIL. For additional features, visit the drawdowns tool.
Volatility
HIBL vs. BOIL - Volatility Comparison
The current volatility for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is 17.52%, while ProShares Ultra Bloomberg Natural Gas (BOIL) has a volatility of 28.26%. This indicates that HIBL experiences smaller price fluctuations and is considered to be less risky than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.