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. HIBS is passively managed, while SECT is actively managed. Over the past 5 years, HIBS returned -53.53%/yr vs 11.91%/yr for SECT. Their -0.87 correlation means they have often moved in opposite directions in the past. 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 -53.83% return, which is significantly lower than SECT's 9.27% 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%
SECT
- 1D
- 0.34%
- 1M
- -1.16%
- 6M
- 8.84%
- YTD
- 9.27%
- 1Y
- 21.89%
- 3Y*
- 17.03%
- 5Y*
- 11.91%
- 10Y*
- —
- ALL TIME*
- 13.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.09M | $5.55M | $4.92M | |
| $7.12M | $6.95M | $6.77M |
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 | -53.83% | -72.44% | -26.60% | -62.94% | -7.59% | -75.27% | -91.59% | -17.80% |
SECT Main Sector Rotation ETF | 9.27% | 17.80% | 18.61% | 21.10% | -12.80% | 28.88% | 15.65% | 3.26% |
Correlation
The correlation between HIBS and SECT 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. | -0.92 |
Correlation (5Y) Shows whether the relationship held over a longer 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 | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.25 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 1.90 | -2.79 |
| Martin ratioReturn relative to average drawdown | -1.42 | 7.40 | -8.82 |
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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 | -79.06% | -10.71% | -68.35% |
Max Drawdown (3Y)Largest decline over 3 years | -96.91% | -21.71% | -75.20% |
Max Drawdown (5Y)Largest decline over 5 years | -98.61% | -21.71% | -76.90% |
Current DrawdownCurrent decline from peak | -99.98% | -2.82% | -97.16% |
Average DrawdownAverage peak-to-trough decline | -93.24% | -4.61% | -88.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.54% | 2.75% | +46.79% |
Volatility
HIBS vs. SECT - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 29.61% compared to Main Sector Rotation ETF (SECT) at 4.62%. 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 | 29.61% | 4.62% | +24.99% |
Volatility (6M)Calculated over the trailing 6-month period | 66.67% | 11.77% | +54.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.06% | 14.69% | +65.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.97% | 18.01% | +65.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.36% | 20.12% | +75.24% |
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 7.69%, more than SECT's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SECT Main Sector Rotation ETF | 0.74% | 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 -0.93, 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 SECT (4.62%). In terms of maximum drawdown, HIBS dropped -99.98% vs SECT's -38.09%.
On 5-year performance, SECT leads with 11.91% vs -53.53% for HIBS. On fees, SECT is cheaper at 0.78% per year. On volatility, SECT has been the lower-risk option at 4.62%. 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 11.91% return vs -53.53%. 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 7.69%, compared with 0.74% for SECT.
HIBS is categorized as Inverse Equities, while SECT is Large Cap Blend Equities. They also come from different issuers: Direxion and Main. Their fees differ too: 1.06% for HIBS and 0.78% for SECT.
SECT currently has the higher Sharpe Ratio (1.39 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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