HIBL vs. GEMG
HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) and GEMG (Leverage Shares 2X Long GEMI Daily ETF) are both Leveraged Equities funds. HIBL is passively managed, while GEMG is actively managed. At a 0.46 correlation, their price movements are largely independent. HIBL charges 1.12%/yr vs 0.75%/yr for GEMG.
Performance
HIBL vs. GEMG - Performance Comparison
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Returns By Period
In the year-to-date period, HIBL achieves a 83.10% return, which is significantly higher than GEMG's -89.02% return.
HIBL
- 1D
- -12.27%
- 1M
- 13.78%
- YTD
- 83.10%
- 6M
- 71.60%
- 1Y
- 227.44%
- 3Y*
- 55.36%
- 5Y*
- 11.88%
- 10Y*
- —
GEMG
- 1D
- -6.14%
- 1M
- -33.52%
- YTD
- -89.02%
- 6M
- -91.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIBL vs. GEMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 83.10% | 11.42% |
GEMG Leverage Shares 2X Long GEMI Daily ETF | -89.02% | -71.91% |
Correlation
The correlation between HIBL and GEMG is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.46 |
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Return for Risk
HIBL vs. GEMG — Risk / Return Rank
HIBL
GEMG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HIBL vs. GEMG - 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 GEMI Daily ETF (GEMG). 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 | GEMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.29 | — | — |
| Martin ratioReturn relative to average drawdown | 25.38 | — | — |
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Drawdowns
HIBL vs. GEMG - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, smaller than the maximum GEMG drawdown of -97.26%. Use the drawdown chart below to compare losses from any high point for HIBL and GEMG.
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Drawdown Indicators
| HIBL | GEMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.27% | -97.26% | +8.99% |
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 | -12.27% | -97.10% | +84.83% |
Average DrawdownAverage peak-to-trough decline | -43.91% | -81.17% | +37.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.01% | — | — |
Volatility
HIBL vs. GEMG - Volatility Comparison
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Volatility by Period
| HIBL | GEMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.89% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 59.56% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.15% | 219.33% | -146.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.29% | 219.33% | -136.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.43% | 219.33% | -126.90% |
HIBL vs. GEMG - Expense Ratio Comparison
HIBL has a 1.12% expense ratio, which is higher than GEMG's 0.75% expense ratio.
Dividends
HIBL vs. GEMG - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 1.26%, while GEMG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GEMG Leverage Shares 2X Long GEMI 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 | 1.26% | 2.43% | 0.82% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% |
Frequently Asked Questions
HIBL and GEMG have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GEMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GEMG is cheaper with a 0.75% expense ratio, compared with 1.12% for HIBL.
HIBL has the higher dividend yield at 1.26%, compared with 0.00% for GEMG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.12% for HIBL and 0.75% for GEMG.
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