QVMT vs. HIBL
QVMT (Invesco S&P S&P 500 Concentrated QVM ETF) and HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) are both exchange-traded funds - QVMT is a S&P 500 fund tracking the S&P 500 Quality, Value & Momentum Multi-factor Index, while HIBL is a Leveraged Equities fund tracking the S&P 500 High Beta Index (300%). Both are passively managed. Over the past 5 years, QVMT returned 12.95%/yr vs 11.88%/yr for HIBL. A 0.76 correlation means they provide meaningful diversification when combined. QVMT charges 0.13%/yr vs 1.12%/yr for HIBL.
Performance
QVMT vs. HIBL - Performance Comparison
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Returns By Period
In the year-to-date period, QVMT achieves a 19.11% return, which is significantly lower than HIBL's 83.10% return.
QVMT
- 1D
- -2.72%
- 1M
- 1.92%
- YTD
- 19.11%
- 6M
- 19.12%
- 1Y
- 34.42%
- 3Y*
- 22.94%
- 5Y*
- 12.95%
- 10Y*
- 13.28%
HIBL
- 1D
- -12.27%
- 1M
- 13.78%
- YTD
- 83.10%
- 6M
- 71.60%
- 1Y
- 227.44%
- 3Y*
- 55.36%
- 5Y*
- 11.88%
- 10Y*
- —
QVMT vs. HIBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 19.11% | 19.08% | 14.40% | 11.71% | -5.61% | 35.27% | -9.98% | 3.91% |
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 83.10% | 60.38% | -0.40% | 81.02% | -68.24% | 129.14% | -24.96% | 19.23% |
Correlation
The correlation between QVMT and HIBL is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | 0.76 |
The correlation between QVMT and HIBL shifts across timeframes, from 0.56 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QVMT vs. HIBL — Risk / Return Rank
QVMT
HIBL
QVMT vs. HIBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QVMT | HIBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.53 | 7.29 | -1.76 |
| Martin ratioReturn relative to average drawdown | 19.46 | 25.38 | -5.92 |
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Drawdowns
QVMT vs. HIBL - Drawdown Comparison
The maximum QVMT drawdown since its inception was -48.05%, smaller than the maximum HIBL drawdown of -88.27%. Use the drawdown chart below to compare losses from any high point for QVMT and HIBL.
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Drawdown Indicators
| QVMT | HIBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.05% | -88.27% | +40.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -31.39% | +25.14% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -69.66% | +55.24% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -81.58% | +59.63% |
Max Drawdown (10Y)Largest decline over 10 years | -48.05% | — | — |
Current DrawdownCurrent decline from peak | -2.72% | -12.27% | +9.55% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -43.91% | +37.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 9.01% | -7.24% |
Volatility
QVMT vs. HIBL - Volatility Comparison
The current volatility for Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) is 5.11%, while Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a volatility of 36.89%. This indicates that QVMT experiences smaller price fluctuations and is considered to be less risky than HIBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVMT | HIBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 36.89% | -31.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 59.56% | -49.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 73.15% | -59.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 83.29% | -65.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.10% | 92.43% | -71.33% |
QVMT vs. HIBL - Expense Ratio Comparison
QVMT has a 0.13% expense ratio, which is lower than HIBL's 1.12% expense ratio.
Dividends
QVMT vs. HIBL - Dividend Comparison
QVMT's dividend yield for the trailing twelve months is around 1.83%, more than HIBL's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 1.26% | 2.43% | 0.82% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
QVMT Invesco S&P S&P 500 Concentrated QVM ETF | 1.83% | 2.42% | 2.71% | 3.05% | 2.49% | 2.31% | 2.70% | 2.23% | 2.48% | 2.37% | 1.11% | 0.54% |
Frequently Asked Questions
QVMT and HIBL have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBL has higher volatility (36.89%) compared to QVMT (5.11%). In terms of maximum drawdown, QVMT dropped -48.05% vs HIBL's -88.27%.
On 5-year performance, QVMT leads with 12.95% vs 11.88% for HIBL. On fees, QVMT is cheaper at 0.13% per year. On volatility, QVMT has been the lower-risk option at 5.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QVMT has performed better with a 12.95% return vs 11.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QVMT is cheaper with a 0.13% expense ratio, compared with 1.12% for HIBL.
QVMT has the higher dividend yield at 1.83%, compared with 1.26% for HIBL.
QVMT is categorized as S&P 500, while HIBL is Leveraged Equities. QVMT tracks S&P 500 Quality, Value & Momentum Multi-factor Index, while HIBL tracks S&P 500 High Beta Index (300%). They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.13% for QVMT and 1.12% for HIBL.
HIBL currently has the higher Sharpe Ratio (3.13 vs 2.63), 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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