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QVMT vs. HIBL
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QVMT vs. HIBL

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL).

QVMT and HIBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QVMT is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality, Value & Momentum Multi-factor Index. It was launched on Oct 9, 2015. HIBL is a passively managed fund by Direxion that tracks the performance of the S&P 500 High Beta Index (300%). It was launched on Nov 7, 2019. Both QVMT and HIBL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

QVMT vs. HIBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL). The values are adjusted to include any dividend payments, if applicable.

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QVMT vs. HIBL - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF		5.51%19.08%14.40%11.71%-5.61%35.27%-9.98%2.94%
HIBL
Direxion Daily S&P 500 High Beta Bull 3X Shares		-7.11%60.38%-0.40%81.02%-68.24%129.14%-24.96%21.45%

Returns By Period

In the year-to-date period, QVMT achieves a 5.51% return, which is significantly higher than HIBL's -7.11% return.

QVMT

1D
0.76%
1M
-3.49%
YTD
5.51%
6M
10.86%
1Y
18.92%
3Y*
17.49%
5Y*
11.27%
10Y*
12.17%

HIBL

1D
-1.04%
1M
-10.32%
YTD
-7.11%
6M
-1.04%
1Y
120.02%
3Y*
28.15%
5Y*
1.34%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P S&P 500 Concentrated QVM ETF

Direxion Daily S&P 500 High Beta Bull 3X Shares

Often compared with QVMT:
QVMT vs. XCLRQVMT vs. IGMQVMT vs. SPMOQVMT vs. QDIVQVMT vs. RSPUQVMT vs. PHDGQVMT vs. VOO
Often compared with HIBL:
HIBL vs. HIBSHIBL vs. TPORHIBL vs. WEBLHIBL vs. TQQQHIBL vs. SPYHIBL vs. SOXLHIBL vs. BOIL

QVMT vs. HIBL - Expense Ratio Comparison

QVMT has a 0.13% expense ratio, which is lower than HIBL's 1.12% expense ratio.

HIBL
Direxion Daily S&P 500 High Beta Bull 3X Shares
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF

Return for Risk

QVMT vs. HIBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QVMT
QVMT Risk / Return Rank: 5757
Overall Rank
QVMT Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
QVMT Sortino Ratio Rank: 5858
Sortino Ratio Rank
QVMT Omega Ratio Rank: 5757
Omega Ratio Rank
QVMT Calmar Ratio Rank: 5252
Calmar Ratio Rank
QVMT Martin Ratio Rank: 5757
Martin Ratio Rank
HIBL
HIBL Risk / Return Rank: 7878
Overall Rank
HIBL Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
HIBL Sortino Ratio Rank: 7575
Sortino Ratio Rank
HIBL Omega Ratio Rank: 7373
Omega Ratio Rank
HIBL Calmar Ratio Rank: 8585
Calmar Ratio Rank
HIBL Martin Ratio Rank: 8484
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

QVMTHIBLDifference

Sharpe ratio

Return per unit of total volatility

1.14

1.34

-0.20

Sortino ratio

Return per unit of downside risk

1.61

2.03

-0.42

Omega ratio

Gain probability vs. loss probability

1.23

1.29

-0.06

Calmar ratio

Return relative to maximum drawdown

1.54

2.97

-1.43

Martin ratio

Return relative to average drawdown

6.33

11.13

-4.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QVMT vs. HIBL - Sharpe Ratio Comparison

The current QVMT Sharpe Ratio is 1.14, which is comparable to the HIBL Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of QVMT and HIBL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QVMTHIBLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.14

1.34

-0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.02

+0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.10

+0.44

Correlation

The correlation between QVMT and HIBL is 0.76, 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.

Dividends

QVMT vs. HIBL - Dividend Comparison

QVMT's dividend yield for the trailing twelve months is around 2.28%, less than HIBL's 2.49% yield.

TTM20252024202320222021202020192018201720162015
QVMT
Invesco S&P S&P 500 Concentrated QVM ETF		2.28%2.42%2.71%3.05%2.49%2.31%2.70%2.23%2.48%2.37%1.11%0.54%
HIBL
Direxion Daily S&P 500 High Beta Bull 3X Shares		2.49%2.43%0.82%0.69%0.00%0.06%0.19%0.19%0.00%0.00%0.00%0.00%

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

QVMTHIBLDifference

Max Drawdown

Largest peak-to-trough decline

-48.05%

-88.27%

+40.22%

Max Drawdown (1Y)

Largest decline over 1 year

-12.17%

-31.39%

+19.22%

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 Drawdown

Current decline from peak

-3.49%

-27.52%

+24.03%

Average Drawdown

Average peak-to-trough decline

-6.43%

-45.21%

+38.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.96%

11.76%

-8.80%

Volatility

QVMT vs. HIBL - Volatility Comparison

The current volatility for Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) is 4.26%, while Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a volatility of 25.24%. 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

QVMTHIBLDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.26%

25.24%

-20.98%

Volatility (6M)

Calculated over the trailing 6-month period

9.49%

53.10%

-43.61%

Volatility (1Y)

Calculated over the trailing 1-year period

16.65%

90.33%

-73.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.34%

81.85%

-64.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.08%

92.39%

-71.31%