SBND vs. HIBL
Compare and contrast key facts about Columbia Short Duration Bond ETF (SBND) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL).
SBND and HIBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SBND is a passively managed fund by Columbia that tracks the performance of the Bloomberg Beta Advantage Short Term Bond (-300%). It was launched on Sep 21, 2021. 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 SBND 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SBND or HIBL.
Correlation
The correlation between SBND and HIBL is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SBND vs. HIBL - Performance Comparison
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Key characteristics
SBND:
1.94
HIBL:
-0.34
SBND:
2.75
HIBL:
0.07
SBND:
1.37
HIBL:
1.01
SBND:
3.67
HIBL:
-0.38
SBND:
11.54
HIBL:
-1.18
SBND:
0.52%
HIBL:
26.46%
SBND:
3.20%
HIBL:
92.81%
SBND:
-10.77%
HIBL:
-88.27%
SBND:
-0.24%
HIBL:
-67.91%
Returns By Period
In the year-to-date period, SBND achieves a 1.91% return, which is significantly higher than HIBL's -34.03% return.
SBND
1.91%
1.37%
1.90%
6.29%
N/A
N/A
HIBL
-34.03%
49.78%
-42.98%
-31.92%
22.17%
N/A
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SBND vs. HIBL - Expense Ratio Comparison
SBND has a 0.25% expense ratio, which is lower than HIBL's 1.12% expense ratio.
Risk-Adjusted Performance
SBND vs. HIBL — Risk-Adjusted Performance Rank
SBND
HIBL
SBND vs. HIBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Short Duration Bond ETF (SBND) 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.
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Dividends
SBND vs. HIBL - Dividend Comparison
SBND's dividend yield for the trailing twelve months is around 4.75%, more than HIBL's 0.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
SBND Columbia Short Duration Bond ETF | 4.75% | 4.59% | 3.90% | 2.80% | 0.43% | 0.00% | 0.00% |
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 0.95% | 0.81% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% |
Drawdowns
SBND vs. HIBL - Drawdown Comparison
The maximum SBND drawdown since its inception was -10.77%, smaller than the maximum HIBL drawdown of -88.27%. Use the drawdown chart below to compare losses from any high point for SBND and HIBL. For additional features, visit the drawdowns tool.
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Volatility
SBND vs. HIBL - Volatility Comparison
The current volatility for Columbia Short Duration Bond ETF (SBND) is 1.05%, while Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a volatility of 32.40%. This indicates that SBND 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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