HIBS vs. YQQQ
HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - HIBS is a Inverse Equities fund tracking the S&P 500® High Beta Index, while YQQQ is a Derivative Income fund actively managed by YieldMax. HIBS is passively managed, while YQQQ is actively managed. Over the past year, HIBS returned -79.46% vs -11.91% for YQQQ. Their correlation of 0.81 suggests significant overlap in exposure. HIBS charges 1.06%/yr vs 0.99%/yr for YQQQ.
Performance
HIBS vs. YQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, HIBS achieves a -51.89% return, which is significantly lower than YQQQ's -6.36% return.
HIBS
- 1D
- 18.08%
- 1M
- -7.51%
- YTD
- -51.89%
- 6M
- -51.65%
- 1Y
- -79.46%
- 3Y*
- -60.33%
- 5Y*
- -51.83%
- 10Y*
- —
YQQQ
- 1D
- 2.41%
- 1M
- -2.05%
- YTD
- -6.36%
- 6M
- -3.98%
- 1Y
- -11.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIBS vs. YQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | -51.89% | -72.44% | -15.80% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | -6.36% | -9.97% | -4.06% |
Correlation
The correlation between HIBS and YQQQ is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2024 | 0.81 |
The correlation between HIBS and YQQQ has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
HIBS vs. YQQQ — Risk / Return Rank
HIBS
YQQQ
HIBS vs. YQQQ - 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 YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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 | YQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 0.86 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.57 | -0.39 |
| Martin ratioReturn relative to average drawdown | -1.48 | -1.37 | -0.11 |
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 | YQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.14 | -0.94 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.72 | -0.68 | -0.03 |
Drawdowns
HIBS vs. YQQQ - Drawdown Comparison
The maximum HIBS drawdown since its inception was -99.98%, which is greater than YQQQ's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for HIBS and YQQQ.
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Drawdown Indicators
| HIBS | YQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -28.21% | -71.77% |
Max Drawdown (1Y)Largest decline over 1 year | -82.61% | -20.82% | -61.79% |
Max Drawdown (3Y)Largest decline over 3 years | -96.48% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -98.52% | — | — |
Current DrawdownCurrent decline from peak | -99.98% | -26.13% | -73.85% |
Average DrawdownAverage peak-to-trough decline | -93.14% | -14.28% | -78.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.86% | 8.70% | +46.16% |
Volatility
HIBS vs. YQQQ - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 27.81% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 4.35%. This indicates that HIBS's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIBS | YQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.81% | 4.35% | +23.46% |
Volatility (6M)Calculated over the trailing 6-month period | 55.37% | 10.15% | +45.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.99% | 12.75% | +57.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.83% | 16.33% | +66.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.03% | 16.33% | +78.70% |
HIBS vs. YQQQ - Expense Ratio Comparison
HIBS has a 1.06% expense ratio, which is higher than YQQQ's 0.99% expense ratio.
Dividends
HIBS vs. YQQQ - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 9.84%, less than YQQQ's 28.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 9.84% | 8.42% | 5.34% | 6.49% | 0.04% | 0.00% | 0.92% | 0.13% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 28.80% | 31.71% | 7.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HIBS and YQQQ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBS has higher volatility (27.81%) compared to YQQQ (4.35%). In terms of maximum drawdown, HIBS dropped -99.98% vs YQQQ's -28.21%.
On 1-year performance, YQQQ leads with -11.91% vs -79.46% for HIBS. On fees, YQQQ is cheaper at 0.99% per year. On volatility, YQQQ has been the lower-risk option at 4.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YQQQ has performed better with a -11.91% return vs -79.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YQQQ is cheaper with a 0.99% expense ratio, compared with 1.06% for HIBS.
YQQQ has the higher dividend yield at 28.80%, compared with 9.84% for HIBS.
HIBS is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 1.06% for HIBS and 0.99% for YQQQ.
YQQQ currently has the higher Sharpe Ratio (-0.94 vs -1.14), 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.
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