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

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.

-40.00%-20.00%0.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-17.65%
-29.46%
HIBS
TZA

Returns By Period

In the year-to-date period, HIBS achieves a -26.57% return, which is significantly higher than TZA's -38.38% return.


HIBS

YTD

-26.57%

1M

5.73%

6M

-17.34%

1Y

-52.12%

5Y (annualized)

-66.68%

10Y (annualized)

N/A

TZA

YTD

-38.38%

1M

-6.46%

6M

-29.55%

1Y

-57.75%

5Y (annualized)

-47.74%

10Y (annualized)

-40.09%

Key characteristics


HIBSTZA
Sharpe Ratio-0.85-0.94
Sortino Ratio-1.28-1.47
Omega Ratio0.860.83
Calmar Ratio-0.53-0.59
Martin Ratio-1.32-1.48
Ulcer Index40.24%40.11%
Daily Std Dev62.28%62.91%
Max Drawdown-99.85%-100.00%
Current Drawdown-99.84%-100.00%

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.


TZA
Direxion Daily Small Cap Bear 3X Shares
Expense ratio chart for TZA: current value at 1.11% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.11%
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%

Correlation

-0.50.00.51.00.9

The correlation between HIBS and TZA 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. 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.


Sharpe ratio
The chart of Sharpe ratio for HIBS, currently valued at -0.85, compared to the broader market0.002.004.00-0.85-0.94
The chart of Sortino ratio for HIBS, currently valued at -1.28, compared to the broader market-2.000.002.004.006.008.0010.00-1.28-1.47
The chart of Omega ratio for HIBS, currently valued at 0.86, compared to the broader market0.501.001.502.002.503.000.860.83
The chart of Calmar ratio for HIBS, currently valued at -0.53, compared to the broader market0.005.0010.0015.00-0.53-0.60
The chart of Martin ratio for HIBS, currently valued at -1.32, compared to the broader market0.0020.0040.0060.0080.00100.00-1.32-1.48
HIBS
TZA

The current HIBS Sharpe Ratio is -0.85, which is comparable to the TZA Sharpe Ratio of -0.94. 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-1.00-0.80-0.60-0.40-0.20JuneJulyAugustSeptemberOctoberNovember
-0.85
-0.94
HIBS
TZA

Dividends

HIBS vs. TZA - Dividend Comparison

HIBS's dividend yield for the trailing twelve months is around 6.27%, more than TZA's 6.12% yield.


TTM202320222021202020192018
HIBS
Direxion Daily S&P 500 High Beta Bear 3X Shares
6.27%6.52%0.04%0.00%0.90%0.13%0.00%
TZA
Direxion Daily Small Cap Bear 3X Shares
6.12%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 -99.85%, 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%JuneJulyAugustSeptemberOctoberNovember
-99.84%
-98.49%
HIBS
TZA

Volatility

HIBS vs. TZA - Volatility Comparison

The current volatility for Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) is 18.13%, while Direxion Daily Small Cap Bear 3X Shares (TZA) has a volatility of 24.79%. This indicates that HIBS experiences smaller price fluctuations and is considered to be less risky than TZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
18.13%
24.79%
HIBS
TZA