HIBL vs. IFED
HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - HIBL tracks the S&P 500 High Beta Index (300%) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, HIBL returned 40.02%/yr vs 18.28%/yr for IFED. Their 0.79 correlation means they have sometimes moved together and sometimes differently. HIBL charges 1.12%/yr vs 0.45%/yr for IFED.
Performance
HIBL vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, HIBL achieves a 51.75% return, which is significantly higher than IFED's 6.57% return.
HIBL
- 1D
- 7.65%
- 1M
- -11.68%
- 6M
- 34.09%
- YTD
- 51.75%
- 1Y
- 117.87%
- 3Y*
- 40.02%
- 5Y*
- 11.69%
- 10Y*
- —
- ALL TIME*
- 16.86%
IFED
- 1D
- -3.14%
- 1M
- 10.34%
- 6M
- 10.05%
- YTD
- 6.57%
- 1Y
- 11.16%
- 3Y*
- 18.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.60M | $5.92M | $6.50M | |
| $137.39K | $84.48K | $45.67K |
HIBL vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 51.75% | 60.38% | -0.40% | 81.02% | -68.24% | 19.36% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | 6.57% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between HIBL and IFED is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.79 |
Over the past year, the correlation between HIBL and IFED has dropped to 0.55 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
HIBL vs. IFED — Risk / Return Rank
HIBL
IFED
HIBL vs. IFED - 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 ETRACS IFED Invest with the Fed TR Index ETN (IFED). 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 | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 0.56 | +2.40 |
| Martin ratioReturn relative to average drawdown | 10.01 | 1.73 | +8.28 |
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Drawdowns
HIBL vs. IFED - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for HIBL and IFED.
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Drawdown Indicators
| HIBL | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.27% | -22.36% | -65.91% |
Max Drawdown (1Y)Largest decline over 1 year | -40.14% | -20.18% | -19.96% |
Max Drawdown (3Y)Largest decline over 3 years | -69.66% | -22.36% | -47.30% |
Max Drawdown (5Y)Largest decline over 5 years | -81.58% | — | — |
Current DrawdownCurrent decline from peak | -27.29% | -10.51% | -16.78% |
Average DrawdownAverage peak-to-trough decline | -43.54% | -5.85% | -37.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.82% | 6.47% | +5.35% |
Volatility
HIBL vs. IFED - Volatility Comparison
Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a higher volatility of 29.17% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 24.37%. This indicates that HIBL's price experiences larger fluctuations and is considered to be riskier than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIBL | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.17% | 24.37% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 65.64% | 28.13% | +37.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.06% | 29.53% | +49.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.80% | 22.60% | +61.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.56% | 22.60% | +69.96% |
HIBL vs. IFED - Expense Ratio Comparison
HIBL has a 1.12% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
HIBL vs. IFED - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 1.49%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 1.49% | 2.43% | 0.82% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HIBL and IFED 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.
HIBL has higher volatility (29.17%) compared to IFED (24.37%). In terms of maximum drawdown, HIBL dropped -88.27% vs IFED's -22.36%.
On 3-year performance, HIBL leads with 40.02% vs 18.28% for IFED. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 24.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HIBL has performed better with a 40.02% return vs 18.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFED is cheaper with a 0.45% expense ratio, compared with 1.12% for HIBL.
HIBL has the higher dividend yield at 1.49%, compared with 0.00% for IFED.
HIBL tracks S&P 500 High Beta Index (300%), while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Direxion and UBS. Their fees differ too: 1.12% for HIBL and 0.45% for IFED.
HIBL currently has the higher Sharpe Ratio (1.50 vs 0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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