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 11.47%/yr vs -79.43%/yr for SOXS. At a correlation of -0.76, they often move in opposite directions. 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 95.37% return, which is significantly higher than SOXS's -91.63% return.
HIBL
- 1D
- -0.46%
- 1M
- 31.17%
- YTD
- 95.37%
- 6M
- 95.99%
- 1Y
- 276.75%
- 3Y*
- 62.38%
- 5Y*
- 11.47%
- 10Y*
- —
SOXS
- 1D
- 5.91%
- 1M
- -54.82%
- YTD
- -91.63%
- 6M
- -91.49%
- 1Y
- -97.52%
- 3Y*
- -86.60%
- 5Y*
- -79.43%
- 10Y*
- -78.82%
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 | 95.37% | 60.38% | -0.40% | 81.02% | -68.24% | 129.14% | -24.96% | 21.45% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.63% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -20.38% |
Correlation
The correlation between HIBL and SOXS is -0.83, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | -0.76 |
The correlation between HIBL and SOXS has been stable across timeframes, ranging from -0.85 to -0.76 - a consistent structural relationship.
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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.
| HIBL | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.18 | ||
| Sortino ratioReturn per unit of downside risk | +7.42 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.59 | +0.87 |
| Calmar ratioReturn relative to maximum drawdown | 8.88 | -1.00 | +9.88 |
| Martin ratioReturn relative to average drawdown | 32.55 | -1.43 | +33.98 |
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 | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.23 | -0.96 | +5.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | -0.74 | +0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | -0.79 | +1.03 |
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 | -31.39% | -97.68% | +66.29% |
Max Drawdown (3Y)Largest decline over 3 years | -69.66% | -99.80% | +30.14% |
Max Drawdown (5Y)Largest decline over 5 years | -81.58% | -99.97% | +18.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -2.70% | -100.00% | +97.30% |
Average DrawdownAverage peak-to-trough decline | -44.17% | -92.61% | +48.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.55% | 68.11% | -59.56% |
Volatility
HIBL vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) is 21.02%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.24%. 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 | 21.02% | 44.24% | -23.22% |
Volatility (6M)Calculated over the trailing 6-month period | 50.42% | 84.19% | -33.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.96% | 102.19% | -36.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.15% | 108.21% | -26.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.87% | 100.48% | -8.61% |
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 1.18%, less than SOXS's 64.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 64.53% | 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 -0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.24%) compared to HIBL (21.02%). In terms of maximum drawdown, HIBL dropped -88.27% vs SOXS's -100.00%.
On 5-year performance, HIBL leads with 11.47% vs -79.43% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, HIBL has been the lower-risk option at 21.02%. 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 11.47% return vs -79.43%. 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 64.53%, compared with 1.18% 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 (4.23 vs -0.95), 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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