HIBL vs. SOXL
Compare and contrast key facts about Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
HIBL and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both HIBL and SOXL 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 SOXL.
Key characteristics
| HIBL | SOXL | |
|---|---|---|
| YTD Return | 11.15% | 1.41% |
| 1Y Return | 94.09% | 59.41% |
| 3Y Return (Ann) | -17.06% | -20.15% |
| 5Y Return (Ann) | 5.92% | 16.61% |
| Sharpe Ratio | 1.44 | 0.55 |
| Sortino Ratio | 1.96 | 1.34 |
| Omega Ratio | 1.25 | 1.17 |
| Calmar Ratio | 1.26 | 0.76 |
| Martin Ratio | 6.28 | 1.80 |
| Ulcer Index | 14.43% | 30.53% |
| Daily Std Dev | 62.95% | 100.59% |
| Max Drawdown | -88.27% | -90.46% |
| Current Drawdown | -45.71% | -55.71% |
Correlation
The correlation between HIBL and SOXL is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HIBL vs. SOXL - Performance Comparison
In the year-to-date period, HIBL achieves a 11.15% return, which is significantly higher than SOXL's 1.41% 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. SOXL - Expense Ratio Comparison
HIBL has a 1.12% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
HIBL vs. SOXL - 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 Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 0.97%, which matches SOXL's 0.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 0.97% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.97% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
HIBL vs. SOXL - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for HIBL and SOXL. For additional features, visit the drawdowns tool.
Volatility
HIBL vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is 17.78%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 29.04%. This indicates that HIBL experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.