HIBL vs. TQQQ
Compare and contrast key facts about Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and ProShares UltraPro QQQ (TQQQ).
HIBL and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both HIBL and TQQQ 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 TQQQ.
Key characteristics
| HIBL | TQQQ | |
|---|---|---|
| YTD Return | 11.15% | 63.76% |
| 1Y Return | 94.09% | 106.42% |
| 3Y Return (Ann) | -17.06% | 0.86% |
| 5Y Return (Ann) | 5.92% | 35.83% |
| Sharpe Ratio | 1.44 | 2.03 |
| Sortino Ratio | 1.96 | 2.40 |
| Omega Ratio | 1.25 | 1.33 |
| Calmar Ratio | 1.26 | 1.95 |
| Martin Ratio | 6.28 | 8.43 |
| Ulcer Index | 14.43% | 12.40% |
| Daily Std Dev | 62.95% | 51.63% |
| Max Drawdown | -88.27% | -81.66% |
| Current Drawdown | -45.71% | -4.17% |
Correlation
The correlation between HIBL and TQQQ is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HIBL vs. TQQQ - Performance Comparison
In the year-to-date period, HIBL achieves a 11.15% return, which is significantly lower than TQQQ's 63.76% 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. TQQQ - Expense Ratio Comparison
HIBL has a 1.12% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
HIBL vs. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 0.97%, less than TQQQ's 1.16% 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% |
TQQQ ProShares UltraPro QQQ | 1.16% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
HIBL vs. TQQQ - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for HIBL and TQQQ. For additional features, visit the drawdowns tool.
Volatility
HIBL vs. TQQQ - Volatility Comparison
Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a higher volatility of 17.78% compared to ProShares UltraPro QQQ (TQQQ) at 15.36%. This indicates that HIBL's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.