HIBL vs. VOO

Last updated Jun 25, 2026

HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - HIBL is a Leveraged Equities fund tracking the S&P 500 High Beta Index (300%), while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, HIBL returned 11.63%/yr vs 13.02%/yr for VOO. Their correlation of 0.84 suggests significant overlap in exposure. HIBL charges 1.12%/yr vs 0.03%/yr for VOO.

Performance

HIBL vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIBL achieves a 85.77% return, which is significantly higher than VOO's 8.08% return.

HIBL

• 1D: 1.41%
• 1M: 15.44%
• YTD: 85.77%
• 6M: 72.09%
• 1Y: 211.63%
• 3Y*: 56.11%
• 5Y*: 11.63%
• 10Y*: —

VOO

• 1D: -0.10%
• 1M: -1.44%
• YTD: 8.08%
• 6M: 6.78%
• 1Y: 22.23%
• 3Y*: 20.75%
• 5Y*: 13.02%
• 10Y*: 15.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIBL vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	85.77%	60.38%	-0.40%	81.02%	-68.24%	129.14%	-24.96%	19.23%
VOO Vanguard S&P 500 ETF	8.08%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	5.36%

Correlation

The correlation between HIBL and VOO is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.84

The correlation between HIBL and VOO has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

HIBL vs. VOO - Sectors Allocation Comparison

Sectors	HIBL	VOO
Technology	9.5%	39.1%
Financial Services	2.9%	10.9%
Industrials	2.8%	7.6%
Consumer Cyclical	2.4%	9.8%
Healthcare	1.1%	8.3%
Utilities	0.7%	2.5%
Basic Materials	0.5%	1.7%
Communication Services	0.3%	10.5%
Consumer Defensive	0.2%	4.5%
Energy	0.2%	3.2%
Real Estate	-	1.8%

Return for Risk

HIBL vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIBL

HIBL Risk / Return Rank: 85
HIBL Sharpe Ratio Rank: 93
HIBL Sortino Ratio Rank: 71
HIBL Omega Ratio Rank: 72
HIBL Calmar Ratio Rank: 95
HIBL Martin Ratio Rank: 94

VOO

VOO Risk / Return Rank: 60
VOO Sharpe Ratio Rank: 59
VOO Sortino Ratio Rank: 57
VOO Omega Ratio Rank: 59
VOO Calmar Ratio Rank: 57
VOO Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIBL vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.92	1.80	+1.12
Sortino ratio: Return per unit of downside risk	2.85	2.46	+0.39
Omega ratio: Gain probability vs. loss probability	1.38	1.33	+0.05
Calmar ratio: Return relative to maximum drawdown	6.79	2.51	+4.28
Martin ratio: Return relative to average drawdown	23.54	11.16	+12.38

HIBL vs. VOO - Sharpe Ratio Comparison

The current HIBL Sharpe Ratio is 2.92, which is higher than the VOO Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of HIBL and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HIBL vs. VOO - Drawdown Comparison

The maximum HIBL drawdown since its inception was -88.27%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for HIBL and VOO.

Drawdown Indicators

	HIBL	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-88.27%	-33.99%	-54.28%
Max Drawdown (1Y) Largest decline over 1 year	-31.39%	-8.90%	-22.49%
Max Drawdown (3Y) Largest decline over 3 years	-69.66%	-18.69%	-50.97%
Max Drawdown (5Y) Largest decline over 5 years	-81.58%	-24.52%	-57.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	-10.99%	-3.23%	-7.76%
Average Drawdown Average peak-to-trough decline	-43.89%	-3.68%	-40.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.03%	2.00%	+7.03%

Volatility

HIBL vs. VOO - Volatility Comparison

Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a higher volatility of 36.70% compared to Vanguard S&P 500 ETF (VOO) at 4.80%. This indicates that HIBL's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIBL	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.70%	4.80%	+31.90%
Volatility (6M) Calculated over the trailing 6-month period	59.38%	9.79%	+49.59%
Volatility (1Y) Calculated over the trailing 1-year period	73.12%	12.43%	+60.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.28%	16.91%	+66.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.41%	18.02%	+74.39%

HIBL vs. VOO - Expense Ratio Comparison

HIBL has a 1.12% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

HIBL vs. VOO - Dividend Comparison

HIBL's dividend yield for the trailing twelve months is around 1.22%, more than VOO's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	1.22%	2.43%	0.82%	0.69%	0.00%	0.06%	0.19%	0.19%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both HIBL and VOO in my portfolio?

HIBL and VOO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIBL or VOO?

HIBL has higher volatility (36.70%) compared to VOO (4.80%). In terms of maximum drawdown, HIBL dropped -88.27% vs VOO's -33.99%.

Which ETF is better, HIBL or VOO?

On 5-year performance, VOO leads with 13.02% vs 11.63% for HIBL. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HIBL or VOO?

Over the 5-year period, VOO has performed better with a 13.02% return vs 11.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HIBL or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 1.12% for HIBL.

Which ETF pays a higher dividend yield, HIBL or VOO?

HIBL has the higher dividend yield at 1.22%, compared with 1.05% for VOO.

What is the main difference between HIBL and VOO?

HIBL is categorized as Leveraged Equities, while VOO is S&P 500. HIBL tracks S&P 500 High Beta Index (300%), while VOO tracks S&P 500 Index. They also come from different issuers: Direxion and Vanguard. Their fees differ too: 1.12% for HIBL and 0.03% for VOO.

Which has better risk-adjusted returns?

HIBL currently has the higher Sharpe Ratio (2.92 vs 1.80), 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.