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HIBS vs. SPXU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


HIBSSPXU
YTD Return-31.39%-46.47%
1Y Return-62.94%-57.31%
3Y Return (Ann)-37.98%-28.74%
5Y Return (Ann)-67.06%-46.81%
Sharpe Ratio-0.98-1.57
Sortino Ratio-1.68-2.83
Omega Ratio0.820.69
Calmar Ratio-0.62-0.57
Martin Ratio-1.26-1.47
Ulcer Index49.26%38.93%
Daily Std Dev63.27%36.40%
Max Drawdown-99.85%-99.98%
Current Drawdown-99.85%-99.98%

Correlation

-0.50.00.51.00.8

The correlation between HIBS and SPXU is 0.84, 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. SPXU - Performance Comparison

In the year-to-date period, HIBS achieves a -31.39% return, which is significantly higher than SPXU's -46.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-30.00%-20.00%-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-26.42%
-30.89%
HIBS
SPXU

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HIBS vs. SPXU - Expense Ratio Comparison

HIBS has a 1.07% expense ratio, which is higher than SPXU's 0.93% expense ratio.


HIBS
Direxion Daily S&P 500 High Beta Bear 3X Shares
Expense ratio chart for HIBS: current value at 1.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.07%
Expense ratio chart for SPXU: current value at 0.93% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.93%

Risk-Adjusted Performance

HIBS vs. SPXU - 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 ProShares UltraPro Short S&P500 (SPXU). 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
Sharpe ratio
The chart of Sharpe ratio for HIBS, currently valued at -0.98, compared to the broader market-2.000.002.004.006.00-0.98
Sortino ratio
The chart of Sortino ratio for HIBS, currently valued at -1.68, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.68
Omega ratio
The chart of Omega ratio for HIBS, currently valued at 0.82, compared to the broader market1.001.502.002.503.000.82
Calmar ratio
The chart of Calmar ratio for HIBS, currently valued at -0.62, compared to the broader market0.005.0010.0015.00-0.62
Martin ratio
The chart of Martin ratio for HIBS, currently valued at -1.26, compared to the broader market0.0020.0040.0060.0080.00100.00-1.26
SPXU
Sharpe ratio
The chart of Sharpe ratio for SPXU, currently valued at -1.57, compared to the broader market-2.000.002.004.006.00-1.57
Sortino ratio
The chart of Sortino ratio for SPXU, currently valued at -2.83, compared to the broader market-2.000.002.004.006.008.0010.0012.00-2.83
Omega ratio
The chart of Omega ratio for SPXU, currently valued at 0.69, compared to the broader market1.001.502.002.503.000.69
Calmar ratio
The chart of Calmar ratio for SPXU, currently valued at -0.58, compared to the broader market0.005.0010.0015.00-0.58
Martin ratio
The chart of Martin ratio for SPXU, currently valued at -1.47, compared to the broader market0.0020.0040.0060.0080.00100.00-1.47

HIBS vs. SPXU - Sharpe Ratio Comparison

The current HIBS Sharpe Ratio is -0.98, which is higher than the SPXU Sharpe Ratio of -1.57. The chart below compares the historical Sharpe Ratios of HIBS and SPXU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.00JuneJulyAugustSeptemberOctoberNovember
-0.98
-1.57
HIBS
SPXU

Dividends

HIBS vs. SPXU - Dividend Comparison

HIBS's dividend yield for the trailing twelve months is around 6.72%, less than SPXU's 11.84% yield.


TTM2023202220212020201920182017
HIBS
Direxion Daily S&P 500 High Beta Bear 3X Shares
6.72%6.52%0.04%0.00%0.90%0.13%0.00%0.00%
SPXU
ProShares UltraPro Short S&P500
11.84%7.07%0.39%0.00%0.71%2.14%1.41%0.11%

Drawdowns

HIBS vs. SPXU - Drawdown Comparison

The maximum HIBS drawdown since its inception was -99.85%, roughly equal to the maximum SPXU drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for HIBS and SPXU. For additional features, visit the drawdowns tool.


-100.00%-99.00%-98.00%-97.00%-96.00%JuneJulyAugustSeptemberOctoberNovember
-99.85%
-97.64%
HIBS
SPXU

Volatility

HIBS vs. SPXU - Volatility Comparison

Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 17.68% compared to ProShares UltraPro Short S&P500 (SPXU) at 11.84%. This indicates that HIBS's price experiences larger fluctuations and is considered to be riskier than SPXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
17.68%
11.84%
HIBS
SPXU