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.
Correlation
The correlation between HIBL and HIBS is -0.85. 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
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Key characteristics
HIBL:
-0.19
HIBS:
-0.51
HIBL:
0.40
HIBS:
-0.30
HIBL:
1.05
HIBS:
0.96
HIBL:
-0.20
HIBS:
-0.49
HIBL:
-0.61
HIBS:
-1.46
HIBL:
26.91%
HIBS:
33.40%
HIBL:
94.44%
HIBS:
93.98%
HIBL:
-88.27%
HIBS:
-99.90%
HIBL:
-58.99%
HIBS:
-99.90%
Returns By Period
In the year-to-date period, HIBL achieves a -15.71% return, which is significantly higher than HIBS's -36.18% return.
HIBL
-15.71%
88.63%
-16.61%
-17.55%
32.48%
N/A
HIBS
-36.18%
-51.20%
-37.98%
-48.11%
-67.70%
N/A
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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 Rank
HIBL
HIBS
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.
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Dividends
HIBL vs. HIBS - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 0.74%, less than HIBS's 7.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 0.74% | 0.81% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% |
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 7.87% | 5.34% | 6.49% | 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 -99.90%. Use the drawdown chart below to compare losses from any high point for HIBL and HIBS. For additional features, visit the drawdowns tool.
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Volatility
HIBL vs. HIBS - Volatility Comparison
The current volatility for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is 25.00%, while Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a volatility of 27.67%. This indicates that HIBL experiences smaller price fluctuations and is considered to be less risky than HIBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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