HIBS vs. PEXL
HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares) and PEXL (Pacer US Export Leaders ETF) are both exchange-traded funds - HIBS is a Inverse Equities fund tracking the S&P 500® High Beta Index, while PEXL is a Mid Cap Blend Equities fund tracking the Pacer US Export Leaders Index. Both are passively managed. Over the past 5 years, HIBS returned -53.46%/yr vs 13.25%/yr for PEXL. At a correlation of -0.87, they often move in opposite directions. HIBS charges 1.06%/yr vs 0.60%/yr for PEXL.
Performance
HIBS vs. PEXL - Performance Comparison
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Returns By Period
In the year-to-date period, HIBS achieves a -59.50% return, which is significantly lower than PEXL's 23.12% return.
HIBS
- 1D
- 2.48%
- 1M
- -31.05%
- YTD
- -59.50%
- 6M
- -60.46%
- 1Y
- -82.43%
- 3Y*
- -62.99%
- 5Y*
- -53.46%
- 10Y*
- —
PEXL
- 1D
- 0.57%
- 1M
- 12.19%
- YTD
- 23.12%
- 6M
- 24.66%
- 1Y
- 53.95%
- 3Y*
- 22.51%
- 5Y*
- 13.25%
- 10Y*
- —
HIBS vs. PEXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | -59.50% | -72.44% | -26.60% | -62.94% | -7.59% | -75.27% | -91.59% | -19.45% |
PEXL Pacer US Export Leaders ETF | 23.12% | 27.33% | 5.79% | 24.40% | -20.41% | 30.12% | 25.02% | 6.07% |
Correlation
The correlation between HIBS and PEXL is -0.92, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | -0.87 |
The correlation between HIBS and PEXL has been stable across timeframes, ranging from -0.93 to -0.87 - a consistent structural relationship.
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Return for Risk
HIBS vs. PEXL — Risk / Return Rank
HIBS
PEXL
HIBS vs. PEXL - 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 Pacer US Export Leaders ETF (PEXL). 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.
| HIBS | PEXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.28 | ||
| Sortino ratioReturn per unit of downside risk | -6.93 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.51 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 4.74 | -5.74 |
| Martin ratioReturn relative to average drawdown | -1.52 | 20.42 | -21.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIBS | PEXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.22 | 3.05 | -4.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.65 | 0.61 | -1.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.73 | 0.65 | -1.38 |
Drawdowns
HIBS vs. PEXL - Drawdown Comparison
The maximum HIBS drawdown since its inception was -99.98%, which is greater than PEXL's maximum drawdown of -36.76%. Use the drawdown chart below to compare losses from any high point for HIBS and PEXL.
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Drawdown Indicators
| HIBS | PEXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -36.76% | -63.22% |
Max Drawdown (1Y)Largest decline over 1 year | -83.13% | -11.43% | -71.70% |
Max Drawdown (3Y)Largest decline over 3 years | -96.48% | -24.72% | -71.76% |
Max Drawdown (5Y)Largest decline over 5 years | -98.52% | -30.44% | -68.08% |
Current DrawdownCurrent decline from peak | -99.98% | 0.00% | -99.98% |
Average DrawdownAverage peak-to-trough decline | -93.13% | -6.72% | -86.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.38% | 2.65% | +51.73% |
Volatility
HIBS vs. PEXL - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 22.26% compared to Pacer US Export Leaders ETF (PEXL) at 5.25%. This indicates that HIBS's price experiences larger fluctuations and is considered to be riskier than PEXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIBS | PEXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.26% | 5.25% | +17.01% |
Volatility (6M)Calculated over the trailing 6-month period | 52.85% | 13.10% | +39.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.65% | 17.80% | +49.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.46% | 21.86% | +60.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.81% | 24.04% | +70.77% |
HIBS vs. PEXL - Expense Ratio Comparison
HIBS has a 1.06% expense ratio, which is higher than PEXL's 0.60% expense ratio.
Dividends
HIBS vs. PEXL - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 11.69%, more than PEXL's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 11.69% | 8.42% | 5.34% | 6.49% | 0.04% | 0.00% | 0.92% | 0.13% | 0.00% |
PEXL Pacer US Export Leaders ETF | 0.34% | 0.44% | 0.48% | 0.48% | 0.60% | 0.22% | 0.48% | 0.49% | 0.29% |
Frequently Asked Questions
HIBS and PEXL have a correlation of -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBS has higher volatility (22.26%) compared to PEXL (5.25%). In terms of maximum drawdown, HIBS dropped -99.98% vs PEXL's -36.76%.
On 5-year performance, PEXL leads with 13.25% vs -53.46% for HIBS. On fees, PEXL is cheaper at 0.60% per year. On volatility, PEXL has been the lower-risk option at 5.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PEXL has performed better with a 13.25% return vs -53.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PEXL is cheaper with a 0.60% expense ratio, compared with 1.06% for HIBS.
HIBS has the higher dividend yield at 11.69%, compared with 0.34% for PEXL.
HIBS is categorized as Inverse Equities, while PEXL is Mid Cap Blend Equities. HIBS tracks S&P 500® High Beta Index, while PEXL tracks Pacer US Export Leaders Index. They also come from different issuers: Direxion and Pacer. Their fees differ too: 1.06% for HIBS and 0.60% for PEXL.
PEXL currently has the higher Sharpe Ratio (3.05 vs -1.22), 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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