HIBS vs. TSDD
Compare and contrast key facts about Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) and GraniteShares 2x Short TSLA Daily ETF (TSDD).
HIBS and TSDD 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. It was launched on Nov 7, 2019. TSDD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.
Performance
HIBS vs. TSDD - Performance Comparison
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HIBS vs. TSDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | -8.44% | -72.44% | -26.60% | -34.51% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 28.07% | -74.84% | -89.21% | -20.49% |
Returns By Period
In the year-to-date period, HIBS achieves a -8.44% return, which is significantly lower than TSDD's 28.07% return.
HIBS
- 1D
- -2.91%
- 1M
- 9.61%
- YTD
- -8.44%
- 6M
- -25.12%
- 1Y
- -80.81%
- 3Y*
- -52.78%
- 5Y*
- -48.81%
- 10Y*
- —
TSDD
- 1D
- -5.17%
- 1M
- 8.20%
- YTD
- 28.07%
- 6M
- 15.45%
- 1Y
- -79.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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HIBS vs. TSDD - Expense Ratio Comparison
HIBS has a 1.06% expense ratio, which is lower than TSDD's 1.50% expense ratio.
Return for Risk
HIBS vs. TSDD — Risk / Return Rank
HIBS
TSDD
HIBS vs. TSDD - 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 GraniteShares 2x Short TSLA Daily ETF (TSDD). 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 | TSDD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.90 | -0.73 | -0.17 |
Sortino ratioReturn per unit of downside risk | -1.77 | -1.13 | -0.64 |
Omega ratioGain probability vs. loss probability | 0.77 | 0.86 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.90 | -0.01 |
Martin ratioReturn relative to average drawdown | -1.04 | -1.04 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIBS | TSDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | -0.73 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.69 | -0.65 | -0.05 |
Correlation
The correlation between HIBS and TSDD is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HIBS vs. TSDD - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 5.17%, less than TSDD's 6.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 5.17% | 8.42% | 5.34% | 6.49% | 0.04% | 0.00% | 0.92% | 0.13% |
TSDD GraniteShares 2x Short TSLA Daily ETF | 6.58% | 8.42% | 0.00% | 24.84% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HIBS vs. TSDD - Drawdown Comparison
The maximum HIBS drawdown since its inception was -99.96%, roughly equal to the maximum TSDD drawdown of -99.03%. Use the drawdown chart below to compare losses from any high point for HIBS and TSDD.
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Drawdown Indicators
| HIBS | TSDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -99.03% | -0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -88.93% | -90.32% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -97.19% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -98.53% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -92.95% | -69.41% | -23.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 78.08% | 77.90% | +0.18% |
Volatility
HIBS vs. TSDD - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 27.85% compared to GraniteShares 2x Short TSLA Daily ETF (TSDD) at 22.84%. This indicates that HIBS's price experiences larger fluctuations and is considered to be riskier than TSDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIBS | TSDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.85% | 22.84% | +5.01% |
Volatility (6M)Calculated over the trailing 6-month period | 54.19% | 59.58% | -5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.43% | 110.35% | -19.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.11% | 116.23% | -34.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.36% | 116.23% | -20.87% |