HIBL vs. QVMT
HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) and QVMT (Invesco S&P S&P 500 Concentrated QVM ETF) are both exchange-traded funds - HIBL is a Leveraged Equities fund tracking the S&P 500 High Beta Index (300%), while QVMT is a S&P 500 fund tracking the S&P 500 Quality, Value & Momentum Multi-factor Index. Both are passively managed. Over the past 5 years, HIBL returned 11.47%/yr vs 11.59%/yr for QVMT. A 0.75 correlation means they provide meaningful diversification when combined. HIBL charges 1.12%/yr vs 0.13%/yr for QVMT.
Performance
HIBL vs. QVMT - Performance Comparison
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Returns By Period
In the year-to-date period, HIBL achieves a 95.37% return, which is significantly higher than QVMT's 17.89% return.
HIBL
- 1D
- -0.46%
- 1M
- 31.17%
- YTD
- 95.37%
- 6M
- 95.99%
- 1Y
- 276.75%
- 3Y*
- 62.38%
- 5Y*
- 11.47%
- 10Y*
- —
QVMT
- 1D
- 0.63%
- 1M
- 4.60%
- YTD
- 17.89%
- 6M
- 20.45%
- 1Y
- 36.46%
- 3Y*
- 23.12%
- 5Y*
- 11.59%
- 10Y*
- 12.97%
HIBL vs. QVMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 95.37% | 60.38% | -0.40% | 81.02% | -68.24% | 129.14% | -24.96% | 21.45% |
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 17.89% | 19.08% | 14.40% | 11.71% | -5.61% | 35.27% | -9.98% | 2.94% |
Correlation
The correlation between HIBL and QVMT is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | 0.75 |
Over the past year, the correlation between HIBL and QVMT has dropped to 0.53 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
HIBL vs. QVMT — Risk / Return Rank
HIBL
QVMT
HIBL vs. QVMT - 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 Invesco S&P S&P 500 Concentrated QVM ETF (QVMT). 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.
| HIBL | QVMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.50 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 8.88 | 5.86 | +3.02 |
| Martin ratioReturn relative to average drawdown | 32.55 | 20.82 | +11.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIBL | QVMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.23 | 2.95 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.67 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.59 | -0.35 |
Drawdowns
HIBL vs. QVMT - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, which is greater than QVMT's maximum drawdown of -48.05%. Use the drawdown chart below to compare losses from any high point for HIBL and QVMT.
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Drawdown Indicators
| HIBL | QVMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.27% | -48.05% | -40.22% |
Max Drawdown (1Y)Largest decline over 1 year | -31.39% | -6.25% | -25.14% |
Max Drawdown (3Y)Largest decline over 3 years | -69.66% | -14.42% | -55.24% |
Max Drawdown (5Y)Largest decline over 5 years | -81.58% | -21.95% | -59.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.05% | — |
Current DrawdownCurrent decline from peak | -2.70% | 0.00% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -44.17% | -6.34% | -37.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.55% | 1.76% | +6.79% |
Volatility
HIBL vs. QVMT - Volatility Comparison
Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a higher volatility of 21.02% compared to Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) at 3.03%. This indicates that HIBL's price experiences larger fluctuations and is considered to be riskier than QVMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIBL | QVMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.02% | 3.03% | +17.99% |
Volatility (6M)Calculated over the trailing 6-month period | 50.42% | 8.97% | +41.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.96% | 12.47% | +53.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.15% | 17.28% | +64.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.87% | 21.08% | +70.79% |
HIBL vs. QVMT - Expense Ratio Comparison
HIBL has a 1.12% expense ratio, which is higher than QVMT's 0.13% expense ratio.
Dividends
HIBL vs. QVMT - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 1.18%, less than QVMT's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 1.18% | 2.43% | 0.82% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 2.04% | 2.42% | 2.71% | 3.05% | 2.49% | 2.31% | 2.70% | 2.23% | 2.48% | 2.37% | 1.11% | 0.54% |
Frequently Asked Questions
HIBL and QVMT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBL has higher volatility (21.02%) compared to QVMT (3.03%). In terms of maximum drawdown, HIBL dropped -88.27% vs QVMT's -48.05%.
On 5-year performance, QVMT leads with 11.59% vs 11.47% for HIBL. On fees, QVMT is cheaper at 0.13% per year. On volatility, QVMT has been the lower-risk option at 3.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QVMT has performed better with a 11.59% return vs 11.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QVMT is cheaper with a 0.13% expense ratio, compared with 1.12% for HIBL.
QVMT has the higher dividend yield at 2.04%, compared with 1.18% for HIBL.
HIBL is categorized as Leveraged Equities, while QVMT is S&P 500. HIBL tracks S&P 500 High Beta Index (300%), while QVMT tracks S&P 500 Quality, Value & Momentum Multi-factor Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 1.12% for HIBL and 0.13% for QVMT.
HIBL currently has the higher Sharpe Ratio (4.23 vs 2.95), 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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