HIBS vs. SARK
Compare and contrast key facts about Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) and Tradr Short Innovation Daily ETF (SARK).
HIBS and SARK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIBS is a passively managed fund by Direxion that tracks the performance of the S&P 500 High Beta Index (300%). It was launched on Nov 7, 2019. SARK is an actively managed fund by AXS Investments. It was launched on Nov 5, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIBS or SARK.
Correlation
The correlation between HIBS and SARK is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HIBS vs. SARK - Performance Comparison
Key characteristics
HIBS:
0.43
SARK:
-0.29
HIBS:
1.24
SARK:
0.08
HIBS:
1.13
SARK:
1.01
HIBS:
0.32
SARK:
-0.28
HIBS:
1.08
SARK:
-0.55
HIBS:
29.90%
SARK:
39.99%
HIBS:
75.11%
SARK:
76.67%
HIBS:
-99.87%
SARK:
-79.49%
HIBS:
-99.74%
SARK:
-60.05%
Returns By Period
In the year-to-date period, HIBS achieves a 59.16% return, which is significantly higher than SARK's 34.05% return.
HIBS
59.16%
34.38%
52.88%
34.04%
-66.96%
N/A
SARK
34.05%
25.93%
-22.93%
-21.80%
N/A
N/A
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HIBS vs. SARK - Expense Ratio Comparison
HIBS has a 1.07% expense ratio, which is higher than SARK's 0.75% expense ratio.
Risk-Adjusted Performance
HIBS vs. SARK — Risk-Adjusted Performance Rank
HIBS
SARK
HIBS vs. SARK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) and Tradr Short Innovation Daily ETF (SARK). 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.
Dividends
HIBS vs. SARK - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 3.16%, less than SARK's 11.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 3.16% | 5.34% | 6.52% | 0.04% | 0.00% | 0.90% | 0.13% |
SARK Tradr Short Innovation Daily ETF | 11.56% | 15.49% | 4.19% | 8.41% | 0.00% | 0.00% | 0.00% |
Drawdowns
HIBS vs. SARK - Drawdown Comparison
The maximum HIBS drawdown since its inception was -99.87%, which is greater than SARK's maximum drawdown of -79.49%. Use the drawdown chart below to compare losses from any high point for HIBS and SARK. For additional features, visit the drawdowns tool.
Volatility
HIBS vs. SARK - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) and Tradr Short Innovation Daily ETF (SARK) have volatilities of 36.28% and 35.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.