HIBS vs. HIBL
Compare and contrast key facts about Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL).
HIBS and HIBL 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. 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. Both HIBS and HIBL 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 HIBL.
Key characteristics
| HIBS | HIBL | |
|---|---|---|
| YTD Return | -31.39% | 11.15% |
| 1Y Return | -62.94% | 94.09% |
| 3Y Return (Ann) | -37.98% | -17.06% |
| 5Y Return (Ann) | -67.06% | 5.92% |
| Sharpe Ratio | -0.98 | 1.44 |
| Sortino Ratio | -1.68 | 1.96 |
| Omega Ratio | 0.82 | 1.25 |
| Calmar Ratio | -0.62 | 1.26 |
| Martin Ratio | -1.26 | 6.28 |
| Ulcer Index | 49.26% | 14.43% |
| Daily Std Dev | 63.27% | 62.95% |
| Max Drawdown | -99.85% | -88.27% |
| Current Drawdown | -99.85% | -45.71% |
Correlation
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.
Performance
HIBS vs. HIBL - Performance Comparison
In the year-to-date period, HIBS achieves a -31.39% return, which is significantly lower than HIBL's 11.15% 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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HIBS vs. HIBL - Expense Ratio Comparison
HIBS has a 1.07% expense ratio, which is lower than HIBL's 1.12% expense ratio.
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.
Dividends
HIBS vs. HIBL - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 6.72%, more than HIBL's 0.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 6.72% | 6.52% | 0.04% | 0.00% | 0.90% | 0.13% |
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 0.97% | 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.
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 17.68% and 17.78%, 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.