HIBS vs. MUU
HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both exchange-traded funds - HIBS is a Inverse Equities fund tracking the S&P 500® High Beta Index, while MUU is a Leveraged Equities fund tracking the Micron Technology, Inc. (200% Daily). Both are passively managed. Over the past year, HIBS returned -72.12% vs 2805.45% for MUU. Their -0.68 correlation means they have often moved in opposite directions in the past. HIBS charges 1.06%/yr vs 1.01%/yr for MUU.
Performance
HIBS vs. MUU - 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 MUU's 372.51% 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%
MUU
- 1D
- -12.24%
- 1M
- -36.47%
- 6M
- 134.93%
- YTD
- 372.51%
- 1Y
- 2,805.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 419.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.09M | $5.55M | $4.92M | |
| $1.51B | $1.57B | $2.27B |
HIBS vs. MUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | -53.83% | -72.44% | 4.20% |
MUU Direxion Daily MU Bull 2X Shares | 372.51% | 599.03% | -40.91% |
Correlation
The correlation between HIBS and MUU is -0.66, 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. | -0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | -0.68 |
The correlation between HIBS and MUU has been stable across timeframes, ranging from -0.68 to -0.66 - a consistent structural relationship.
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Return for Risk
HIBS vs. MUU — Risk / Return Rank
HIBS
MUU
HIBS vs. MUU - 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 Direxion Daily MU Bull 2X Shares (MUU). 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 | MUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.01 | ||
| Sortino ratioReturn per unit of downside risk | -6.43 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.61 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 38.27 | -39.16 |
| Martin ratioReturn relative to average drawdown | -1.42 | 127.21 | -128.64 |
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Drawdowns
HIBS vs. MUU - Drawdown Comparison
The maximum HIBS drawdown since its inception was -99.98%, which is greater than MUU's maximum drawdown of -75.07%. Use the drawdown chart below to compare losses from any high point for HIBS and MUU.
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Drawdown Indicators
| HIBS | MUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -75.07% | -24.91% |
Max Drawdown (1Y)Largest decline over 1 year | -79.06% | -68.07% | -10.99% |
Max Drawdown (3Y)Largest decline over 3 years | -96.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -98.61% | — | — |
Current DrawdownCurrent decline from peak | -99.98% | -61.50% | -38.48% |
Average DrawdownAverage peak-to-trough decline | -93.24% | -24.34% | -68.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.54% | 20.44% | +29.10% |
Volatility
HIBS vs. MUU - Volatility Comparison
The current volatility for Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) is 29.61%, while Direxion Daily MU Bull 2X Shares (MUU) has a volatility of 62.16%. This indicates that HIBS experiences smaller price fluctuations and is considered to be less risky than MUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIBS | MUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.61% | 62.16% | -32.55% |
Volatility (6M)Calculated over the trailing 6-month period | 66.67% | 134.20% | -67.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.06% | 161.94% | -81.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.97% | 146.71% | -62.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.36% | 146.71% | -51.35% |
HIBS vs. MUU - Expense Ratio Comparison
HIBS has a 1.06% expense ratio, which is higher than MUU's 1.01% expense ratio.
Dividends
HIBS vs. MUU - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 7.69%, more than MUU's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
MUU Direxion Daily MU Bull 2X Shares | 1.44% | 4.27% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HIBS and MUU have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUU has higher volatility (62.16%) compared to HIBS (29.61%). In terms of maximum drawdown, HIBS dropped -99.98% vs MUU's -75.07%.
On 1-year performance, MUU leads with 2805.45% vs -72.12% for HIBS. On fees, MUU is cheaper at 1.01% per year. On volatility, HIBS has been the lower-risk option at 29.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MUU has performed better with a 2805.45% return vs -72.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MUU is cheaper with a 1.01% expense ratio, compared with 1.06% for HIBS.
HIBS has the higher dividend yield at 7.69%, compared with 1.44% for MUU.
HIBS is categorized as Inverse Equities, while MUU is Leveraged Equities. HIBS tracks S&P 500® High Beta Index, while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 1.06% for HIBS and 1.01% for MUU.
MUU currently has the higher Sharpe Ratio (16.13 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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