HIBS vs. JMOM
HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares) and JMOM (JPMorgan U.S. Momentum Factor ETF) are both exchange-traded funds - HIBS is a Inverse Equities fund tracking the S&P 500® High Beta Index, while JMOM is a Momentum fund tracking the JP Morgan US Momentum Factor Index. Both are passively managed. Over the past 5 years, HIBS returned -53.53%/yr vs 13.81%/yr for JMOM. Their -0.80 correlation means they have often moved in opposite directions in the past. HIBS charges 1.06%/yr vs 0.12%/yr for JMOM.
Performance
HIBS vs. JMOM - Performance Comparison
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Returns By Period
In the year-to-date period, HIBS achieves a -53.83% return, which is significantly lower than JMOM's 19.05% return.
HIBS
- 1D
- 0.48%
- 1M
- 13.62%
- 6M
- -48.40%
- YTD
- -53.83%
- 1Y
- -72.12%
- 3Y*
- -56.71%
- 5Y*
- -53.53%
- 10Y*
- —
- ALL TIME*
- -67.24%
JMOM
- 1D
- 0.32%
- 1M
- -2.82%
- 6M
- 15.79%
- YTD
- 19.05%
- 1Y
- 27.58%
- 3Y*
- 24.00%
- 5Y*
- 13.81%
- 10Y*
- —
- ALL TIME*
- 15.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.09M | $5.55M | $4.92M | |
| $17.83M | $12.92M | $9.17M |
HIBS vs. JMOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | -53.83% | -72.44% | -26.60% | -62.94% | -7.59% | -75.27% | -91.59% | -17.80% |
JMOM JPMorgan U.S. Momentum Factor ETF | 19.05% | 18.02% | 28.47% | 22.89% | -20.83% | 25.03% | 29.25% | 5.48% |
Correlation
The correlation between HIBS and JMOM is -0.93, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.93 |
Correlation (3Y) Balances recent behavior with more history. | -0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.80 |
The correlation between HIBS and JMOM shifts across timeframes, from -0.93 (1 year) to -0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HIBS vs. JMOM — Risk / Return Rank
HIBS
JMOM
HIBS vs. JMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) and JPMorgan U.S. Momentum Factor ETF (JMOM). 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.
| HIBS | JMOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.28 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 3.25 | -4.15 |
| Martin ratioReturn relative to average drawdown | -1.42 | 12.11 | -13.53 |
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Drawdowns
HIBS vs. JMOM - Drawdown Comparison
The maximum HIBS drawdown since its inception was -99.98%, which is greater than JMOM's maximum drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for HIBS and JMOM.
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Drawdown Indicators
| HIBS | JMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -34.31% | -65.67% |
Max Drawdown (1Y)Largest decline over 1 year | -79.06% | -8.02% | -71.04% |
Max Drawdown (3Y)Largest decline over 3 years | -96.91% | -19.51% | -77.40% |
Max Drawdown (5Y)Largest decline over 5 years | -98.61% | -28.26% | -70.35% |
Current DrawdownCurrent decline from peak | -99.98% | -5.41% | -94.57% |
Average DrawdownAverage peak-to-trough decline | -93.24% | -6.25% | -86.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.54% | 2.15% | +47.39% |
Volatility
HIBS vs. JMOM - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 29.61% compared to JPMorgan U.S. Momentum Factor ETF (JMOM) at 5.37%. This indicates that HIBS's price experiences larger fluctuations and is considered to be riskier than JMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIBS | JMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.61% | 5.37% | +24.24% |
Volatility (6M)Calculated over the trailing 6-month period | 66.67% | 14.03% | +52.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.06% | 16.53% | +63.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.97% | 18.99% | +64.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.36% | 20.18% | +75.18% |
HIBS vs. JMOM - Expense Ratio Comparison
HIBS has a 1.06% expense ratio, which is higher than JMOM's 0.12% expense ratio.
Dividends
HIBS vs. JMOM - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 7.69%, more than JMOM's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 7.69% | 8.42% | 5.34% | 6.49% | 0.04% | 0.00% | 0.92% | 0.13% | 0.00% | 0.00% |
JMOM JPMorgan U.S. Momentum Factor ETF | 0.75% | 0.86% | 0.75% | 1.21% | 1.39% | 0.64% | 0.85% | 1.11% | 1.38% | 0.29% |
Frequently Asked Questions
HIBS and JMOM have a correlation of -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBS has higher volatility (29.61%) compared to JMOM (5.37%). In terms of maximum drawdown, HIBS dropped -99.98% vs JMOM's -34.31%.
On 5-year performance, JMOM leads with 13.81% vs -53.53% for HIBS. On fees, JMOM is cheaper at 0.12% per year. On volatility, JMOM has been the lower-risk option at 5.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JMOM has performed better with a 13.81% return vs -53.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JMOM is cheaper with a 0.12% expense ratio, compared with 1.06% for HIBS.
HIBS has the higher dividend yield at 7.69%, compared with 0.75% for JMOM.
HIBS is categorized as Inverse Equities, while JMOM is Momentum. HIBS tracks S&P 500® High Beta Index, while JMOM tracks JP Morgan US Momentum Factor Index. They also come from different issuers: Direxion and JPMorgan. Their fees differ too: 1.06% for HIBS and 0.12% for JMOM.
JMOM currently has the higher Sharpe Ratio (1.58 vs -0.88), 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.
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