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HIBS vs. HIBL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

HIBS vs. HIBL - Performance Comparison

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

-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
-21.15%
3.54%
HIBS
HIBL

Returns By Period

In the year-to-date period, HIBS achieves a -28.10% return, which is significantly lower than HIBL's 5.63% return.


HIBS

YTD

-28.10%

1M

1.02%

6M

-20.04%

1Y

-53.34%

5Y (annualized)

-66.75%

10Y (annualized)

N/A

HIBL

YTD

5.63%

1M

-3.43%

6M

3.54%

1Y

57.05%

5Y (annualized)

4.87%

10Y (annualized)

N/A

Key characteristics


HIBSHIBL
Sharpe Ratio-0.830.84
Sortino Ratio-1.221.40
Omega Ratio0.871.18
Calmar Ratio-0.520.77
Martin Ratio-1.283.56
Ulcer Index40.52%14.55%
Daily Std Dev62.15%61.84%
Max Drawdown-99.85%-88.27%
Current Drawdown-99.84%-48.40%

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HIBS vs. HIBL - Expense Ratio Comparison

HIBS has a 1.07% expense ratio, which is lower than HIBL's 1.12% expense ratio.


HIBL
Direxion Daily S&P 500 High Beta Bull 3X Shares
Expense ratio chart for HIBL: current value at 1.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.12%
Expense ratio chart for HIBS: current value at 1.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.07%

Correlation

-0.50.00.51.0-1.0

The correlation between HIBS and HIBL is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Risk-Adjusted Performance

HIBS vs. HIBL - 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 Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL). 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.


Sharpe ratio
The chart of Sharpe ratio for HIBS, currently valued at -0.83, compared to the broader market0.002.004.00-0.830.84
The chart of Sortino ratio for HIBS, currently valued at -1.22, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.221.40
The chart of Omega ratio for HIBS, currently valued at 0.87, compared to the broader market0.501.001.502.002.503.000.871.18
The chart of Calmar ratio for HIBS, currently valued at -0.52, compared to the broader market0.005.0010.0015.00-0.520.77
The chart of Martin ratio for HIBS, currently valued at -1.28, compared to the broader market0.0020.0040.0060.0080.00100.00-1.283.56
HIBS
HIBL

The current HIBS Sharpe Ratio is -0.83, which is lower than the HIBL Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of HIBS and HIBL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.000.001.002.00JuneJulyAugustSeptemberOctoberNovember
-0.83
0.84
HIBS
HIBL

Dividends

HIBS vs. HIBL - Dividend Comparison

HIBS's dividend yield for the trailing twelve months is around 6.41%, more than HIBL's 1.02% yield.


TTM20232022202120202019
HIBS
Direxion Daily S&P 500 High Beta Bear 3X Shares
6.41%6.52%0.04%0.00%0.90%0.13%
HIBL
Direxion Daily S&P 500 High Beta Bull 3X Shares
1.02%0.69%0.00%0.06%0.19%0.19%

Drawdowns

HIBS vs. HIBL - Drawdown Comparison

The maximum HIBS drawdown since its inception was -99.85%, which is greater than HIBL's maximum drawdown of -88.27%. Use the drawdown chart below to compare losses from any high point for HIBS and HIBL. For additional features, visit the drawdowns tool.


-100.00%-90.00%-80.00%-70.00%-60.00%-50.00%-40.00%JuneJulyAugustSeptemberOctoberNovember
-99.84%
-48.40%
HIBS
HIBL

Volatility

HIBS vs. HIBL - Volatility Comparison

Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) have volatilities of 18.05% and 17.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
18.05%
17.99%
HIBS
HIBL