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 -51.83%/yr vs 9.29%/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 -51.89% return, which is significantly lower than QQQE's 13.78% return.
HIBS
- 1D
- 18.08%
- 1M
- -7.51%
- YTD
- -51.89%
- 6M
- -51.65%
- 1Y
- -79.46%
- 3Y*
- -60.33%
- 5Y*
- -51.83%
- 10Y*
- —
QQQE
- 1D
- -4.27%
- 1M
- 3.21%
- YTD
- 13.78%
- 6M
- 12.04%
- 1Y
- 23.31%
- 3Y*
- 16.77%
- 5Y*
- 9.29%
- 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 | -51.89% | -72.44% | -26.60% | -62.94% | -7.59% | -75.27% | -91.59% | -19.45% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 13.78% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 5.62% |
Correlation
The correlation between HIBS and QQQE is -0.88, 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 | -0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | -0.82 |
The correlation between HIBS and QQQE has been stable across timeframes, ranging from -0.91 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.
| HIBS | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -4.74 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.28 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.49 | -3.45 |
| Martin ratioReturn relative to average drawdown | -1.48 | 8.54 | -10.02 |
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 | QQQE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.14 | 1.58 | -2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.63 | 0.46 | -1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.72 | 0.74 | -1.46 |
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 | -82.61% | -9.41% | -73.20% |
Max Drawdown (3Y)Largest decline over 3 years | -96.48% | -21.38% | -75.10% |
Max Drawdown (5Y)Largest decline over 5 years | -98.52% | -32.14% | -66.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -99.98% | -4.57% | -95.41% |
Average DrawdownAverage peak-to-trough decline | -93.14% | -5.17% | -87.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.86% | 2.74% | +52.12% |
Volatility
HIBS vs. QQQE - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 27.81% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 6.02%. 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 | 27.81% | 6.02% | +21.79% |
Volatility (6M)Calculated over the trailing 6-month period | 55.37% | 11.48% | +43.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.99% | 14.79% | +55.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.83% | 20.38% | +62.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.03% | 20.76% | +74.27% |
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 9.84%, more than QQQE's 0.54% 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 | 9.84% | 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 | 0.54% | 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 -0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBS has higher volatility (27.81%) compared to QQQE (6.02%). In terms of maximum drawdown, HIBS dropped -99.98% vs QQQE's -32.14%.
On 5-year performance, QQQE leads with 9.29% vs -51.83% for HIBS. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 6.02%. 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 9.29% return vs -51.83%. 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 9.84%, compared with 0.54% 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 (1.58 vs -1.14), 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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