SARK vs. HIBS
Compare and contrast key facts about Tradr Short Innovation Daily ETF (SARK) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS).
SARK and HIBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SARK is an actively managed fund by AXS Investments. It was launched on Nov 5, 2021. HIBS 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SARK or HIBS.
Correlation
The correlation between SARK and HIBS is 0.82, 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.
Performance
SARK vs. HIBS - Performance Comparison
Key characteristics
SARK:
-0.29
HIBS:
0.43
SARK:
0.08
HIBS:
1.24
SARK:
1.01
HIBS:
1.13
SARK:
-0.28
HIBS:
0.32
SARK:
-0.55
HIBS:
1.08
SARK:
39.99%
HIBS:
29.90%
SARK:
76.67%
HIBS:
75.11%
SARK:
-79.49%
HIBS:
-99.87%
SARK:
-60.05%
HIBS:
-99.74%
Returns By Period
In the year-to-date period, SARK achieves a 34.05% return, which is significantly lower than HIBS's 59.16% return.
SARK
34.05%
25.93%
-22.93%
-21.80%
N/A
N/A
HIBS
59.16%
34.38%
52.88%
34.04%
-66.96%
N/A
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SARK vs. HIBS - Expense Ratio Comparison
SARK has a 0.75% expense ratio, which is lower than HIBS's 1.07% expense ratio.
Risk-Adjusted Performance
SARK vs. HIBS — Risk-Adjusted Performance Rank
SARK
HIBS
SARK vs. HIBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr Short Innovation Daily ETF (SARK) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS). 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.
Dividends
SARK vs. HIBS - Dividend Comparison
SARK's dividend yield for the trailing twelve months is around 11.56%, more than HIBS's 3.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
SARK Tradr Short Innovation Daily ETF | 11.56% | 15.49% | 4.19% | 8.41% | 0.00% | 0.00% | 0.00% |
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 3.16% | 5.34% | 6.52% | 0.04% | 0.00% | 0.90% | 0.13% |
Drawdowns
SARK vs. HIBS - Drawdown Comparison
The maximum SARK drawdown since its inception was -79.49%, smaller than the maximum HIBS drawdown of -99.87%. Use the drawdown chart below to compare losses from any high point for SARK and HIBS. For additional features, visit the drawdowns tool.
Volatility
SARK vs. HIBS - Volatility Comparison
Tradr Short Innovation Daily ETF (SARK) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) have volatilities of 35.28% and 36.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.