HIBL vs. SOXS
HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - HIBL is a Leveraged Equities fund tracking the S&P 500 High Beta Index (300%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 5 years, HIBL returned 11.69%/yr vs -78.25%/yr for SOXS. Their -0.77 correlation means they have often moved in opposite directions in the past. HIBL charges 1.12%/yr vs 1.08%/yr for SOXS.
Performance
HIBL vs. SOXS - 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 SOXS's -91.36% 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%
SOXS
- 1D
- -2.19%
- 1M
- 17.69%
- 6M
- -85.38%
- YTD
- -91.36%
- 1Y
- -96.54%
- 3Y*
- -85.20%
- 5Y*
- -78.25%
- 10Y*
- -77.95%
- ALL TIME*
- -70.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.60M | $5.92M | $6.50M | |
| $3.80B | $3.40B | $3.36B |
HIBL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 51.75% | 60.38% | -0.40% | 81.02% | -68.24% | 129.14% | -24.96% | 19.23% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.36% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -22.08% |
Correlation
The correlation between HIBL and SOXS is -0.87, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.87 |
Correlation (3Y) Balances recent behavior with more history. | -0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.77 |
The correlation between HIBL and SOXS shifts across timeframes, from -0.87 (1 year) to -0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HIBL vs. SOXS — Risk / Return Rank
HIBL
SOXS
HIBL vs. SOXS - 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 Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.23 | ||
| Sortino ratioReturn per unit of downside risk | +4.55 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.73 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | -0.99 | +3.94 |
| Martin ratioReturn relative to average drawdown | 10.01 | -1.35 | +11.35 |
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Drawdowns
HIBL vs. SOXS - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for HIBL and SOXS.
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Drawdown Indicators
| HIBL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.27% | -100.00% | +11.73% |
Max Drawdown (1Y)Largest decline over 1 year | -40.14% | -97.89% | +57.75% |
Max Drawdown (3Y)Largest decline over 3 years | -69.66% | -99.87% | +30.21% |
Max Drawdown (5Y)Largest decline over 5 years | -81.58% | -99.98% | +18.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -27.29% | -100.00% | +72.71% |
Average DrawdownAverage peak-to-trough decline | -43.54% | -92.66% | +49.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.82% | 71.53% | -59.71% |
Volatility
HIBL vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is 29.17%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 53.53%. This indicates that HIBL experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIBL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.17% | 53.53% | -24.36% |
Volatility (6M)Calculated over the trailing 6-month period | 65.64% | 116.62% | -50.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.06% | 132.65% | -53.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.80% | 114.59% | -30.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.56% | 103.78% | -11.22% |
HIBL vs. SOXS - Expense Ratio Comparison
HIBL has a 1.12% expense ratio, which is higher than SOXS's 1.08% expense ratio.
Dividends
HIBL vs. SOXS - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 1.49%, less than SOXS's 42.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 42.78% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
HIBL and SOXS have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (53.53%) compared to HIBL (29.17%). In terms of maximum drawdown, HIBL dropped -88.27% vs SOXS's -100.00%.
On 5-year performance, HIBL leads with 11.69% vs -78.25% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, HIBL has been the lower-risk option at 29.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HIBL has performed better with a 11.69% return vs -78.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXS is cheaper with a 1.08% expense ratio, compared with 1.12% for HIBL.
SOXS has the higher dividend yield at 42.78%, compared with 1.49% for HIBL.
HIBL is categorized as Leveraged Equities, while SOXS is Inverse Equities. HIBL tracks S&P 500 High Beta Index (300%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.12% for HIBL and 1.08% for SOXS.
HIBL currently has the higher Sharpe Ratio (1.50 vs -0.73), 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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