HIBS vs. SZK
HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares) and SZK (ProShares UltraShort Consumer Goods) are both exchange-traded funds - HIBS is a Inverse Equities fund tracking the S&P 500® High Beta Index, while SZK is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Goods Index (-200%). Both are passively managed. Over the past 5 years, HIBS returned -53.79%/yr vs -3.68%/yr for SZK. At a 0.49 correlation, their price movements are largely independent. HIBS charges 1.06%/yr vs 0.95%/yr for SZK.
Performance
HIBS vs. SZK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HIBS achieves a -60.48% return, which is significantly lower than SZK's -9.91% return.
HIBS
- 1D
- -5.60%
- 1M
- -32.77%
- YTD
- -60.48%
- 6M
- -63.58%
- 1Y
- -83.87%
- 3Y*
- -63.29%
- 5Y*
- -53.79%
- 10Y*
- —
SZK
- 1D
- 0.25%
- 1M
- 6.20%
- YTD
- -9.91%
- 6M
- -7.73%
- 1Y
- 3.38%
- 3Y*
- -4.29%
- 5Y*
- -3.68%
- 10Y*
- -16.07%
HIBS vs. SZK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | -60.48% | -72.44% | -26.60% | -62.94% | -7.59% | -75.27% | -91.59% | -19.45% |
SZK ProShares UltraShort Consumer Goods | -9.91% | 3.37% | -11.33% | -3.10% | 47.20% | -37.78% | -58.24% | -10.73% |
Correlation
The correlation between HIBS and SZK is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | 0.49 |
The correlation between HIBS and SZK shifts across timeframes, from -0.03 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HIBS vs. SZK — Risk / Return Rank
HIBS
SZK
HIBS vs. SZK - 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 ProShares UltraShort Consumer Goods (SZK). 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 | SZK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.24 | 0.13 | -1.38 |
Sortino ratioReturn per unit of downside risk | -3.08 | 0.37 | -3.44 |
Omega ratioGain probability vs. loss probability | 0.68 | 1.04 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | -1.01 | 0.11 | -1.12 |
Martin ratioReturn relative to average drawdown | -1.51 | 0.26 | -1.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HIBS | SZK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.24 | 0.13 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.65 | -0.12 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.73 | -0.58 | -0.14 |
Drawdowns
HIBS vs. SZK - Drawdown Comparison
The maximum HIBS drawdown since its inception was -99.98%, roughly equal to the maximum SZK drawdown of -99.40%. Use the drawdown chart below to compare losses from any high point for HIBS and SZK.
Loading charts...
Drawdown Indicators
| HIBS | SZK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -99.40% | -0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -83.13% | -29.26% | -53.87% |
Max Drawdown (3Y)Largest decline over 3 years | -96.48% | -41.81% | -54.67% |
Max Drawdown (5Y)Largest decline over 5 years | -98.52% | -41.81% | -56.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.78% | — |
Current DrawdownCurrent decline from peak | -99.98% | -99.24% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -93.13% | -81.99% | -11.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.90% | 12.83% | +43.07% |
Volatility
HIBS vs. SZK - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 21.89% compared to ProShares UltraShort Consumer Goods (SZK) at 8.22%. This indicates that HIBS's price experiences larger fluctuations and is considered to be riskier than SZK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HIBS | SZK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.89% | 8.22% | +13.67% |
Volatility (6M)Calculated over the trailing 6-month period | 52.77% | 19.99% | +32.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.61% | 25.18% | +42.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.47% | 31.45% | +51.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.83% | 33.61% | +61.22% |
HIBS vs. SZK - Expense Ratio Comparison
HIBS has a 1.06% expense ratio, which is higher than SZK's 0.95% expense ratio.
Dividends
HIBS vs. SZK - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 11.98%, more than SZK's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 11.98% | 8.42% | 5.34% | 6.49% | 0.04% | 0.00% | 0.92% | 0.13% | 0.00% |
SZK ProShares UltraShort Consumer Goods | 2.63% | 2.90% | 5.70% | 4.03% | 0.56% | 0.00% | 0.19% | 1.70% | 0.50% |
Frequently Asked Questions
HIBS and SZK have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBS has higher volatility (21.89%) compared to SZK (8.22%). In terms of maximum drawdown, HIBS dropped -99.98% vs SZK's -99.40%.
On 5-year performance, SZK leads with -3.68% vs -53.79% for HIBS. On fees, SZK is cheaper at 0.95% per year. On volatility, SZK has been the lower-risk option at 8.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SZK has performed better with a -3.68% return vs -53.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SZK is cheaper with a 0.95% expense ratio, compared with 1.06% for HIBS.
HIBS has the higher dividend yield at 11.98%, compared with 2.63% for SZK.
HIBS is categorized as Inverse Equities, while SZK is Leveraged Equities. HIBS tracks S&P 500® High Beta Index, while SZK tracks Dow Jones U.S. Consumer Goods Index (-200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.06% for HIBS and 0.95% for SZK.
SZK currently has the higher Sharpe Ratio (0.13 vs -1.24), 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.
Find the right allocation for HIBS and SZK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer