HIBS vs. SRTY
Compare and contrast key facts about Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) and ProShares UltraPro Short Russell2000 (SRTY).
HIBS and SRTY 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. SRTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (-300%). It was launched on Feb 11, 2010. Both HIBS and SRTY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIBS or SRTY.
Performance
HIBS vs. SRTY - Performance Comparison
Returns By Period
In the year-to-date period, HIBS achieves a -24.46% return, which is significantly higher than SRTY's -38.58% return.
HIBS
-24.46%
8.16%
-16.62%
-51.71%
-66.16%
N/A
SRTY
-38.58%
-4.65%
-30.06%
-59.52%
-48.20%
-40.41%
Key characteristics
| HIBS | SRTY | |
|---|---|---|
| Sharpe Ratio | -0.82 | -0.91 |
| Sortino Ratio | -1.19 | -1.38 |
| Omega Ratio | 0.87 | 0.84 |
| Calmar Ratio | -0.51 | -0.58 |
| Martin Ratio | -1.25 | -1.40 |
| Ulcer Index | 40.94% | 41.13% |
| Daily Std Dev | 62.14% | 63.05% |
| Max Drawdown | -99.85% | -99.99% |
| Current Drawdown | -99.83% | -99.99% |
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HIBS vs. SRTY - Expense Ratio Comparison
HIBS has a 1.07% expense ratio, which is higher than SRTY's 0.95% expense ratio.
Correlation
The correlation between HIBS and SRTY is 0.88, 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.
Risk-Adjusted Performance
HIBS vs. SRTY - 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 Russell2000 (SRTY). 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. SRTY - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 6.10%, less than SRTY's 10.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 6.10% | 6.52% | 0.04% | 0.00% | 0.90% | 0.13% | 0.00% | 0.00% |
SRTY ProShares UltraPro Short Russell2000 | 10.24% | 4.93% | 0.16% | 0.00% | 0.95% | 2.12% | 0.70% | 0.04% |
Drawdowns
HIBS vs. SRTY - Drawdown Comparison
The maximum HIBS drawdown since its inception was -99.85%, roughly equal to the maximum SRTY drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for HIBS and SRTY. For additional features, visit the drawdowns tool.
Volatility
HIBS vs. SRTY - Volatility Comparison
The current volatility for Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) is 17.91%, while ProShares UltraPro Short Russell2000 (SRTY) has a volatility of 24.92%. This indicates that HIBS experiences smaller price fluctuations and is considered to be less risky than SRTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.