HIBL vs. HIBS
Compare and contrast key facts about Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS).
HIBL and HIBS 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. HIBS 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. Both HIBL and HIBS 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 HIBS.
Key characteristics
| HIBL | HIBS | |
|---|---|---|
| YTD Return | 9.73% | -30.51% |
| 1Y Return | 69.35% | -56.66% |
| 3Y Return (Ann) | -17.40% | -37.68% |
| 5Y Return (Ann) | 5.02% | -66.78% |
| Sharpe Ratio | 1.46 | -0.99 |
| Sortino Ratio | 1.97 | -1.69 |
| Omega Ratio | 1.25 | 0.81 |
| Calmar Ratio | 1.34 | -0.63 |
| Martin Ratio | 6.34 | -1.49 |
| Ulcer Index | 14.44% | 42.02% |
| Daily Std Dev | 62.93% | 63.26% |
| Max Drawdown | -88.27% | -99.85% |
| Current Drawdown | -46.40% | -99.85% |
Correlation
The correlation between HIBL and HIBS is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
HIBL vs. HIBS - Performance Comparison
In the year-to-date period, HIBL achieves a 9.73% return, which is significantly higher than HIBS's -30.51% 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. HIBS - Expense Ratio Comparison
HIBL has a 1.12% expense ratio, which is higher than HIBS's 1.07% expense ratio.
Risk-Adjusted Performance
HIBL vs. HIBS - 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 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.
Dividends
HIBL vs. HIBS - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 0.99%, less than HIBS's 6.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 0.99% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% |
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 6.63% | 6.52% | 0.04% | 0.00% | 0.90% | 0.13% |
Drawdowns
HIBL vs. HIBS - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, smaller than the maximum HIBS drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for HIBL and HIBS. For additional features, visit the drawdowns tool.
Volatility
HIBL vs. HIBS - Volatility Comparison
Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) have volatilities of 16.80% and 16.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.