HIBS vs. BOIL
Compare and contrast key facts about Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) and ProShares Ultra Bloomberg Natural Gas (BOIL).
HIBS and BOIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIBS 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. BOIL is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Natural Gas Subindex (200%). It was launched on Oct 4, 2011. Both HIBS and BOIL 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: HIBS or BOIL.
Correlation
The correlation between HIBS and BOIL is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HIBS vs. BOIL - Performance Comparison
Key characteristics
HIBS:
-0.31
BOIL:
-0.30
HIBS:
0.17
BOIL:
0.25
HIBS:
1.02
BOIL:
1.03
HIBS:
-0.29
BOIL:
-0.33
HIBS:
-0.94
BOIL:
-0.67
HIBS:
30.44%
BOIL:
48.47%
HIBS:
92.22%
BOIL:
107.69%
HIBS:
-99.87%
BOIL:
-100.00%
HIBS:
-99.84%
BOIL:
-100.00%
Returns By Period
In the year-to-date period, HIBS achieves a 1.34% return, which is significantly higher than BOIL's -14.12% return.
HIBS
1.34%
-6.75%
0.67%
-23.99%
-65.57%
N/A
BOIL
-14.12%
-37.05%
3.21%
-28.82%
-60.49%
-56.56%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HIBS vs. BOIL - Expense Ratio Comparison
HIBS has a 1.07% expense ratio, which is lower than BOIL's 1.31% expense ratio.
Risk-Adjusted Performance
HIBS vs. BOIL — Risk-Adjusted Performance Rank
HIBS
BOIL
HIBS vs. BOIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) and ProShares Ultra Bloomberg Natural Gas (BOIL). 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
HIBS vs. BOIL - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 4.96%, while BOIL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 4.96% | 5.34% | 6.52% | 0.04% | 0.00% | 0.90% | 0.13% |
BOIL ProShares Ultra Bloomberg Natural Gas | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HIBS vs. BOIL - Drawdown Comparison
The maximum HIBS drawdown since its inception was -99.87%, roughly equal to the maximum BOIL drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for HIBS and BOIL. For additional features, visit the drawdowns tool.
Volatility
HIBS vs. BOIL - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 72.10% compared to ProShares Ultra Bloomberg Natural Gas (BOIL) at 34.58%. This indicates that HIBS's price experiences larger fluctuations and is considered to be riskier than BOIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.