HIBS vs. SECT
HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares) and SECT (Main Sector Rotation ETF) are both exchange-traded funds - HIBS is a Inverse Equities fund tracking the S&P 500® High Beta Index, while SECT is a Large Cap Blend Equities fund actively managed by Main Management. HIBS is passively managed, while SECT is actively managed. Over the past 5 years, HIBS returned -54.74%/yr vs 12.52%/yr for SECT. At a correlation of -0.87, they often move in opposite directions. HIBS charges 1.06%/yr vs 0.78%/yr for SECT.
Performance
HIBS vs. SECT - Performance Comparison
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Returns By Period
In the year-to-date period, HIBS achieves a -61.10% return, which is significantly lower than SECT's 11.70% return.
HIBS
- 1D
- 0.26%
- 1M
- -5.73%
- 6M
- -54.41%
- YTD
- -61.10%
- 1Y
- -76.15%
- 3Y*
- -60.13%
- 5Y*
- -54.74%
- 10Y*
- —
SECT
- 1D
- 0.36%
- 1M
- 1.54%
- 6M
- 9.51%
- YTD
- 11.70%
- 1Y
- 24.09%
- 3Y*
- 19.12%
- 5Y*
- 12.52%
- 10Y*
- —
HIBS vs. SECT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | -61.10% | -72.44% | -26.60% | -62.94% | -7.59% | -75.27% | -91.59% | -17.80% |
SECT Main Sector Rotation ETF | 11.70% | 17.80% | 18.61% | 21.10% | -12.80% | 28.88% | 15.65% | 3.26% |
Correlation
The correlation between HIBS and SECT 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 | -0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.87 |
The correlation between HIBS and SECT 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. SECT — Risk / Return Rank
HIBS
SECT
HIBS vs. SECT - 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 Main Sector Rotation ETF (SECT). 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 | SECT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -4.29 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.30 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 2.21 | -3.16 |
| Martin ratioReturn relative to average drawdown | -1.62 | 8.85 | -10.47 |
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Drawdowns
HIBS vs. SECT - Drawdown Comparison
The maximum HIBS drawdown since its inception was -99.98%, which is greater than SECT's maximum drawdown of -38.09%. Use the drawdown chart below to compare losses from any high point for HIBS and SECT.
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Drawdown Indicators
| HIBS | SECT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -38.09% | -61.89% |
Max Drawdown (1Y)Largest decline over 1 year | -79.30% | -10.71% | -68.59% |
Max Drawdown (3Y)Largest decline over 3 years | -96.91% | -21.71% | -75.20% |
Max Drawdown (5Y)Largest decline over 5 years | -98.70% | -21.71% | -76.99% |
Current DrawdownCurrent decline from peak | -99.98% | -0.66% | -99.32% |
Average DrawdownAverage peak-to-trough decline | -93.18% | -4.62% | -88.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.74% | 2.66% | +44.08% |
Volatility
HIBS vs. SECT - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 35.28% compared to Main Sector Rotation ETF (SECT) at 5.78%. This indicates that HIBS's price experiences larger fluctuations and is considered to be riskier than SECT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIBS | SECT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.28% | 5.78% | +29.50% |
Volatility (6M)Calculated over the trailing 6-month period | 63.11% | 11.38% | +51.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.67% | 14.15% | +62.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.83% | 17.98% | +65.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.32% | 20.14% | +75.18% |
HIBS vs. SECT - Expense Ratio Comparison
HIBS has a 1.06% expense ratio, which is higher than SECT's 0.78% expense ratio.
Dividends
HIBS vs. SECT - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 9.12%, more than SECT's 0.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 9.12% | 8.42% | 5.34% | 6.49% | 0.04% | 0.00% | 0.92% | 0.13% | 0.00% | 0.00% |
SECT Main Sector Rotation ETF | 0.73% | 0.32% | 0.45% | 0.84% | 0.86% | 0.60% | 1.37% | 0.77% | 1.67% | 0.50% |
Frequently Asked Questions
HIBS and SECT 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 (35.28%) compared to SECT (5.78%). In terms of maximum drawdown, HIBS dropped -99.98% vs SECT's -38.09%.
On 5-year performance, SECT leads with 12.52% vs -54.74% for HIBS. On fees, SECT is cheaper at 0.78% per year. On volatility, SECT has been the lower-risk option at 5.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SECT has performed better with a 12.52% return vs -54.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SECT is cheaper with a 0.78% expense ratio, compared with 1.06% for HIBS.
HIBS has the higher dividend yield at 9.12%, compared with 0.73% for SECT.
HIBS is categorized as Inverse Equities, while SECT is Large Cap Blend Equities. They also come from different issuers: Direxion and Main Management. Their fees differ too: 1.06% for HIBS and 0.78% for SECT.
SECT currently has the higher Sharpe Ratio (1.67 vs -0.99), 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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