HIBS vs. YXI
HIBS (Direxion Daily S&P 500 High Beta Bear 3X Shares) and YXI (ProShares Short FTSE China 50) are both Inverse Equities funds - HIBS tracks the S&P 500® High Beta Index while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 5 years, HIBS returned -51.83%/yr vs -2.19%/yr for YXI. At a 0.45 correlation, their price movements are largely independent. HIBS charges 1.06%/yr vs 0.95%/yr for YXI.
Performance
HIBS vs. YXI - 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 YXI's 10.81% return.
HIBS
- 1D
- 18.08%
- 1M
- -7.51%
- YTD
- -51.89%
- 6M
- -51.65%
- 1Y
- -79.46%
- 3Y*
- -60.33%
- 5Y*
- -51.83%
- 10Y*
- —
YXI
- 1D
- 2.98%
- 1M
- 7.71%
- YTD
- 10.81%
- 6M
- 14.41%
- 1Y
- 4.93%
- 3Y*
- -10.32%
- 5Y*
- -2.19%
- 10Y*
- -7.79%
HIBS vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | -51.89% | -72.44% | -26.60% | -62.94% | -7.59% | -75.27% | -91.59% | -19.45% |
YXI ProShares Short FTSE China 50 | 10.81% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -3.53% |
Correlation
The correlation between HIBS and YXI is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
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 | 0.45 |
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Return for Risk
HIBS vs. YXI — Risk / Return Rank
HIBS
YXI
HIBS vs. YXI - 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 Short FTSE China 50 (YXI). 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 | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.06 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 0.35 | -1.31 |
| Martin ratioReturn relative to average drawdown | -1.48 | 0.63 | -2.11 |
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 | YXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.14 | 0.25 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.63 | -0.07 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.72 | -0.30 | -0.42 |
Drawdowns
HIBS vs. YXI - Drawdown Comparison
The maximum HIBS drawdown since its inception was -99.98%, which is greater than YXI's maximum drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for HIBS and YXI.
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Drawdown Indicators
| HIBS | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -81.15% | -18.83% |
Max Drawdown (1Y)Largest decline over 1 year | -82.61% | -14.21% | -68.40% |
Max Drawdown (3Y)Largest decline over 3 years | -96.48% | -53.12% | -43.36% |
Max Drawdown (5Y)Largest decline over 5 years | -98.52% | -57.65% | -40.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.92% | — |
Current DrawdownCurrent decline from peak | -99.98% | -77.37% | -22.61% |
Average DrawdownAverage peak-to-trough decline | -93.14% | -54.32% | -38.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.86% | 7.79% | +47.07% |
Volatility
HIBS vs. YXI - Volatility Comparison
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a higher volatility of 27.81% compared to ProShares Short FTSE China 50 (YXI) at 7.29%. This indicates that HIBS's price experiences larger fluctuations and is considered to be riskier than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIBS | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.81% | 7.29% | +20.52% |
Volatility (6M)Calculated over the trailing 6-month period | 55.37% | 15.13% | +40.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.99% | 20.09% | +49.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.83% | 31.41% | +51.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.03% | 27.43% | +67.60% |
HIBS vs. YXI - Expense Ratio Comparison
HIBS has a 1.06% expense ratio, which is higher than YXI's 0.95% expense ratio.
Dividends
HIBS vs. YXI - Dividend Comparison
HIBS's dividend yield for the trailing twelve months is around 9.84%, more than YXI's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
YXI ProShares Short FTSE China 50 | 2.77% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% |
Frequently Asked Questions
HIBS and YXI have a correlation of 0.48, 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 YXI (7.29%). In terms of maximum drawdown, HIBS dropped -99.98% vs YXI's -81.15%.
On 5-year performance, YXI leads with -2.19% vs -51.83% for HIBS. On fees, YXI is cheaper at 0.95% per year. On volatility, YXI has been the lower-risk option at 7.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YXI has performed better with a -2.19% return vs -51.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YXI is cheaper with a 0.95% expense ratio, compared with 1.06% for HIBS.
HIBS has the higher dividend yield at 9.84%, compared with 2.77% for YXI.
HIBS tracks S&P 500® High Beta Index, while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.06% for HIBS and 0.95% for YXI.
YXI currently has the higher Sharpe Ratio (0.25 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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