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 -53.53%/yr vs 10.94%/yr for PEXL. Their -0.87 correlation means they have often moved in opposite directions in the past. 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 -53.83% return, which is significantly lower than PEXL's 15.70% 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%
PEXL
- 1D
- 0.34%
- 1M
- -3.35%
- 6M
- 12.08%
- YTD
- 15.70%
- 1Y
- 33.58%
- 3Y*
- 16.59%
- 5Y*
- 10.94%
- 10Y*
- —
- ALL TIME*
- 14.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.09M | $5.55M | $4.92M | |
| $115.47K | $147.61K | $160.93K |
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 | -53.83% | -72.44% | -26.60% | -62.94% | -7.59% | -75.27% | -91.59% | -17.80% |
PEXL Pacer US Export Leaders ETF | 15.70% | 27.33% | 5.79% | 24.40% | -20.41% | 30.12% | 25.02% | 6.70% |
Correlation
The correlation between HIBS and PEXL 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. | -0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.87 |
The correlation between HIBS and PEXL has been stable across timeframes, ranging from -0.94 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.
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 | PEXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.77 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.27 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 2.80 | -3.69 |
| Martin ratioReturn relative to average drawdown | -1.42 | 9.84 | -11.27 |
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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 | -79.06% | -11.43% | -67.63% |
Max Drawdown (3Y)Largest decline over 3 years | -96.91% | -24.72% | -72.19% |
Max Drawdown (5Y)Largest decline over 5 years | -98.61% | -30.44% | -68.17% |
Current DrawdownCurrent decline from peak | -99.98% | -6.99% | -92.99% |
Average DrawdownAverage peak-to-trough decline | -93.24% | -6.66% | -86.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.54% | 3.24% | +46.30% |
Volatility
HIBS vs. PEXL - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 29.61% compared to Pacer US Export Leaders ETF (PEXL) at 6.70%. 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 | 29.61% | 6.70% | +22.91% |
Volatility (6M)Calculated over the trailing 6-month period | 66.67% | 16.41% | +50.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.06% | 20.40% | +59.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.97% | 22.29% | +61.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.36% | 24.12% | +71.24% |
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 7.69%, more than PEXL's 0.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
PEXL Pacer US Export Leaders ETF | 0.31% | 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 -0.93, 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 PEXL (6.70%). In terms of maximum drawdown, HIBS dropped -99.98% vs PEXL's -36.76%.
On 5-year performance, PEXL leads with 10.94% vs -53.53% for HIBS. On fees, PEXL is cheaper at 0.60% per year. On volatility, PEXL has been the lower-risk option at 6.70%. 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 10.94% return vs -53.53%. 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 7.69%, compared with 0.31% 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 (1.57 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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