HIBS vs. QQQE
HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - HIBS is a Inverse Equities fund tracking the S&P 500® High Beta Index, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 5 years, HIBS returned -55.09%/yr vs 9.06%/yr for QQQE. At a correlation of -0.82, they often move in opposite directions. HIBS charges 1.06%/yr vs 0.35%/yr for QQQE.
Performance
HIBS vs. QQQE - Performance Comparison
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Returns By Period
In the year-to-date period, HIBS achieves a -55.49% return, which is significantly lower than QQQE's 16.12% return.
HIBS
- 1D
- 8.09%
- 1M
- 15.31%
- 6M
- -47.46%
- YTD
- -55.49%
- 1Y
- -73.19%
- 3Y*
- -57.50%
- 5Y*
- -55.09%
- 10Y*
- —
QQQE
- 1D
- -0.26%
- 1M
- -1.61%
- 6M
- 13.70%
- YTD
- 16.12%
- 1Y
- 21.29%
- 3Y*
- 14.88%
- 5Y*
- 9.06%
- 10Y*
- 14.91%
HIBS vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | -55.49% | -72.44% | -26.60% | -62.94% | -7.59% | -75.27% | -91.59% | -17.80% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 16.12% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 5.70% |
Correlation
The correlation between HIBS and QQQE is -0.89, 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 | -0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.82 |
The correlation between HIBS and QQQE has been stable across timeframes, ranging from -0.92 to -0.82 - a consistent structural relationship.
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Return for Risk
HIBS vs. QQQE — Risk / Return Rank
HIBS
QQQE
HIBS vs. QQQE - 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 NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.72 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.24 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 2.27 | -3.20 |
| Martin ratioReturn relative to average drawdown | -1.55 | 7.47 | -9.02 |
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Drawdowns
HIBS vs. QQQE - Drawdown Comparison
The maximum HIBS drawdown since its inception was -99.98%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for HIBS and QQQE.
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Drawdown Indicators
| HIBS | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -32.14% | -67.84% |
Max Drawdown (1Y)Largest decline over 1 year | -79.06% | -9.41% | -69.65% |
Max Drawdown (3Y)Largest decline over 3 years | -96.91% | -21.38% | -75.53% |
Max Drawdown (5Y)Largest decline over 5 years | -98.70% | -32.14% | -66.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -99.98% | -3.35% | -96.63% |
Average DrawdownAverage peak-to-trough decline | -93.20% | -5.14% | -88.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.30% | 2.86% | +44.44% |
Volatility
HIBS vs. QQQE - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 29.60% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 4.96%. This indicates that HIBS's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIBS | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.60% | 4.96% | +24.64% |
Volatility (6M)Calculated over the trailing 6-month period | 64.22% | 12.91% | +51.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.53% | 15.82% | +61.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.90% | 20.58% | +63.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.33% | 20.74% | +74.59% |
HIBS vs. QQQE - Expense Ratio Comparison
HIBS has a 1.06% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
HIBS vs. QQQE - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 7.97%, more than QQQE's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 7.97% | 8.42% | 5.34% | 6.49% | 0.04% | 0.00% | 0.92% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.57% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
HIBS and QQQE have a correlation of -0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBS has higher volatility (29.60%) compared to QQQE (4.96%). In terms of maximum drawdown, HIBS dropped -99.98% vs QQQE's -32.14%.
On 5-year performance, QQQE leads with 9.06% vs -55.09% for HIBS. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQE has performed better with a 9.06% return vs -55.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 1.06% for HIBS.
HIBS has the higher dividend yield at 7.97%, compared with 0.57% for QQQE.
HIBS is categorized as Inverse Equities, while QQQE is Nasdaq-100. HIBS tracks S&P 500® High Beta Index, while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 1.06% for HIBS and 0.35% for QQQE.
QQQE currently has the higher Sharpe Ratio (1.35 vs -0.95), 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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