HIBL vs. SOL-USD
HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) is Leveraged Equities fund tracking the S&P 500 High Beta Index (300%), while SOL-USD (Solana) is a cryptocurrency. Over the past 5 years, HIBL returned 9.32%/yr vs 9.65%/yr for SOL-USD. At a 0.23 correlation, their price movements are largely independent.
Performance
HIBL vs. SOL-USD - Performance Comparison
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Returns By Period
In the year-to-date period, HIBL achieves a 68.31% return, which is significantly higher than SOL-USD's -47.66% return.
HIBL
- 1D
- -1.27%
- 1M
- 4.58%
- YTD
- 68.31%
- 6M
- 62.41%
- 1Y
- 207.87%
- 3Y*
- 51.33%
- 5Y*
- 9.32%
- 10Y*
- —
SOL-USD
- 1D
- -2.50%
- 1M
- -32.46%
- YTD
- -47.66%
- 6M
- -52.76%
- 1Y
- -59.60%
- 3Y*
- 60.89%
- 5Y*
- 9.65%
- 10Y*
- —
HIBL vs. SOL-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 68.31% | 60.38% | -0.40% | 81.02% | -68.24% | 129.14% | 259.12% |
SOL-USD Solana | -47.66% | -34.09% | 85.68% | 919.96% | -94.13% | 11,143.63% | 81.60% |
Correlation
The correlation between HIBL and SOL-USD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.23 |
The correlation between HIBL and SOL-USD shifts across timeframes, from 0.23 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HIBL vs. SOL-USD — Risk / Return Rank
HIBL
SOL-USD
HIBL vs. SOL-USD - 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 Solana (SOL-USD). 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 | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.88 | ||
| Sortino ratioReturn per unit of downside risk | +4.17 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.88 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 6.67 | -0.80 | +7.46 |
| Martin ratioReturn relative to average drawdown | 23.87 | -1.30 | +25.17 |
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 | SOL-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | -0.83 | +3.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.10 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.85 | -0.65 |
Drawdowns
HIBL vs. SOL-USD - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, smaller than the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for HIBL and SOL-USD.
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Drawdown Indicators
| HIBL | SOL-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.27% | -96.27% | +8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -31.39% | -74.89% | +43.50% |
Max Drawdown (3Y)Largest decline over 3 years | -69.66% | -76.27% | +6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -81.58% | -96.27% | +14.69% |
Current DrawdownCurrent decline from peak | -16.18% | -75.14% | +58.96% |
Average DrawdownAverage peak-to-trough decline | -44.10% | -51.38% | +7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 52.72% | -43.97% |
Volatility
HIBL vs. SOL-USD - Volatility Comparison
Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a higher volatility of 28.29% compared to Solana (SOL-USD) at 16.21%. This indicates that HIBL's price experiences larger fluctuations and is considered to be riskier than SOL-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIBL | SOL-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.29% | 16.21% | +12.08% |
Volatility (6M)Calculated over the trailing 6-month period | 54.14% | 46.43% | +7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.46% | 60.21% | +8.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.55% | 82.48% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.04% | 99.89% | -7.85% |
Frequently Asked Questions
HIBL and SOL-USD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBL has higher volatility (28.29%) compared to SOL-USD (16.21%). In terms of maximum drawdown, HIBL dropped -88.27% vs SOL-USD's -96.27%.
HIBL currently has the higher Sharpe Ratio (3.06 vs -0.83), 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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