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

Correlation

The correlation between HIBS and TZA is -0.85. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.8

Performance

HIBS vs. TZA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) and Direxion Daily Small Cap Bear 3X Shares (TZA). The values are adjusted to include any dividend payments, if applicable.

-100.00%-98.00%-96.00%-94.00%-92.00%NovemberDecember2025FebruaryMarchApril
-99.58%
-94.34%
HIBS
TZA

Key characteristics

Sharpe Ratio

HIBS:

-0.29

TZA:

-0.17

Sortino Ratio

HIBS:

0.21

TZA:

0.25

Omega Ratio

HIBS:

1.03

TZA:

1.03

Calmar Ratio

HIBS:

-0.27

TZA:

-0.12

Martin Ratio

HIBS:

-0.89

TZA:

-0.42

Ulcer Index

HIBS:

30.60%

TZA:

29.89%

Daily Std Dev

HIBS:

92.25%

TZA:

72.22%

Max Drawdown

HIBS:

-99.87%

TZA:

-100.00%

Current Drawdown

HIBS:

-99.84%

TZA:

-100.00%

Returns By Period

In the year-to-date period, HIBS achieves a -1.26% return, which is significantly lower than TZA's 30.43% return.


HIBS

YTD

-1.26%

1M

-15.39%

6M

-0.89%

1Y

-26.64%

5Y*

-65.72%

10Y*

N/A

TZA

YTD

30.43%

1M

6.87%

6M

22.42%

1Y

-15.34%

5Y*

-44.17%

10Y*

-35.89%

*Annualized

Compare stocks, funds, or ETFs

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HIBS vs. TZA - Expense Ratio Comparison

HIBS has a 1.07% expense ratio, which is lower than TZA's 1.11% expense ratio.


Expense ratio chart for TZA: current value is 1.11%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TZA: 1.11%
Expense ratio chart for HIBS: current value is 1.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HIBS: 1.07%

Risk-Adjusted Performance

HIBS vs. TZA — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIBS
The Risk-Adjusted Performance Rank of HIBS is 1313
Overall Rank
The Sharpe Ratio Rank of HIBS is 88
Sharpe Ratio Rank
The Sortino Ratio Rank of HIBS is 2222
Sortino Ratio Rank
The Omega Ratio Rank of HIBS is 2222
Omega Ratio Rank
The Calmar Ratio Rank of HIBS is 77
Calmar Ratio Rank
The Martin Ratio Rank of HIBS is 77
Martin Ratio Rank

TZA
The Risk-Adjusted Performance Rank of TZA is 1717
Overall Rank
The Sharpe Ratio Rank of TZA is 1212
Sharpe Ratio Rank
The Sortino Ratio Rank of TZA is 2424
Sortino Ratio Rank
The Omega Ratio Rank of TZA is 2424
Omega Ratio Rank
The Calmar Ratio Rank of TZA is 1212
Calmar Ratio Rank
The Martin Ratio Rank of TZA is 1212
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HIBS vs. TZA - 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 Direxion Daily Small Cap Bear 3X Shares (TZA). 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.


The chart of Sharpe ratio for HIBS, currently valued at -0.29, compared to the broader market-1.000.001.002.003.004.00
HIBS: -0.29
TZA: -0.17
The chart of Sortino ratio for HIBS, currently valued at 0.21, compared to the broader market-2.000.002.004.006.008.00
HIBS: 0.21
TZA: 0.25
The chart of Omega ratio for HIBS, currently valued at 1.03, compared to the broader market0.501.001.502.002.50
HIBS: 1.03
TZA: 1.03
The chart of Calmar ratio for HIBS, currently valued at -0.27, compared to the broader market0.002.004.006.008.0010.0012.00
HIBS: -0.27
TZA: -0.13
The chart of Martin ratio for HIBS, currently valued at -0.89, compared to the broader market0.0020.0040.0060.00
HIBS: -0.89
TZA: -0.42

The current HIBS Sharpe Ratio is -0.29, which is lower than the TZA Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of HIBS and TZA, 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-1.00-0.500.000.50NovemberDecember2025FebruaryMarchApril
-0.29
-0.17
HIBS
TZA

Dividends

HIBS vs. TZA - Dividend Comparison

HIBS's dividend yield for the trailing twelve months is around 5.09%, more than TZA's 4.22% yield.


TTM2024202320222021202020192018
HIBS
Direxion Daily S&P 500 High Beta Bear 3X Shares
5.09%5.34%6.52%0.04%0.00%0.90%0.13%0.00%
TZA
Direxion Daily Small Cap Bear 3X Shares
4.22%5.40%5.49%0.00%0.00%1.21%1.57%0.63%

Drawdowns

HIBS vs. TZA - Drawdown Comparison

The maximum HIBS drawdown since its inception was -99.87%, roughly equal to the maximum TZA drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for HIBS and TZA. For additional features, visit the drawdowns tool.


-100.00%-99.50%-99.00%-98.50%-98.00%-97.50%-97.00%-96.50%NovemberDecember2025FebruaryMarchApril
-99.84%
-97.83%
HIBS
TZA

Volatility

HIBS vs. TZA - Volatility Comparison

Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 71.70% compared to Direxion Daily Small Cap Bear 3X Shares (TZA) at 43.79%. This indicates that HIBS's price experiences larger fluctuations and is considered to be riskier than TZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%60.00%70.00%NovemberDecember2025FebruaryMarchApril
71.70%
43.79%
HIBS
TZA