SBND vs. HIBL

Last updated Jun 23, 2026

SBND (Columbia Short Duration Bond ETF) and HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) are both exchange-traded funds - SBND is a Short-Term Bond fund tracking the Bloomberg Beta Advantage Short Term Bond (-300%), while HIBL is a Leveraged Equities fund tracking the S&P 500 High Beta Index (300%). Both are passively managed. Over the past 3 years, SBND returned 6.00%/yr vs 62.29%/yr for HIBL. At a 0.36 correlation, their price movements are largely independent. SBND charges 0.25%/yr vs 1.12%/yr for HIBL.

Performance

SBND vs. HIBL - Performance Comparison

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

Returns By Period

In the year-to-date period, SBND achieves a 0.83% return, which is significantly lower than HIBL's 108.71% return.

SBND

• 1D: -0.19%
• 1M: 0.28%
• YTD: 0.83%
• 6M: 1.11%
• 1Y: 4.86%
• 3Y*: 6.00%
• 5Y*: —
• 10Y*: —

HIBL

• 1D: 4.55%
• 1M: 29.69%
• YTD: 108.71%
• 6M: 92.74%
• 1Y: 283.13%
• 3Y*: 62.29%
• 5Y*: 15.56%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SBND vs. HIBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SBND Columbia Short Duration Bond ETF	0.83%	7.50%	4.83%	7.20%	-7.24%	-0.70%
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	108.71%	60.38%	-0.40%	81.02%	-68.24%	26.53%

Correlation

The correlation between SBND and HIBL is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.36

Return for Risk

SBND vs. HIBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SBND

SBND Risk / Return Rank: 65
SBND Sharpe Ratio Rank: 62
SBND Sortino Ratio Rank: 69
SBND Omega Ratio Rank: 69
SBND Calmar Ratio Rank: 59
SBND Martin Ratio Rank: 66

HIBL

HIBL Risk / Return Rank: 89
HIBL Sharpe Ratio Rank: 96
HIBL Sortino Ratio Rank: 79
HIBL Omega Ratio Rank: 79
HIBL Calmar Ratio Rank: 96
HIBL Martin Ratio Rank: 96

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.

SBND vs. HIBL - Risk-Adjusted Trends 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.

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.

	SBND	HIBL	Difference
Sharpe ratio: Return per unit of total volatility	1.99	3.96	-1.97
Sortino ratio: Return per unit of downside risk	3.03	3.36	-0.33
Omega ratio: Gain probability vs. loss probability	1.39	1.45	-0.06
Calmar ratio: Return relative to maximum drawdown	2.86	9.08	-6.23
Martin ratio: Return relative to average drawdown	11.86	31.72	-19.86

SBND vs. HIBL - Sharpe Ratio Comparison

The current SBND Sharpe Ratio is 1.99, which is lower than the HIBL Sharpe Ratio of 3.96. The chart below compares the historical Sharpe Ratios of SBND and HIBL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SBND vs. HIBL - Drawdown Comparison

The maximum SBND drawdown since its inception was -10.78%, 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.

Drawdown Indicators

	SBND	HIBL	Difference
Max Drawdown Largest peak-to-trough decline	-10.78%	-88.27%	+77.49%
Max Drawdown (1Y) Largest decline over 1 year	-1.71%	-31.39%	+29.68%
Max Drawdown (3Y) Largest decline over 3 years	-1.71%	-69.66%	+67.95%
Max Drawdown (5Y) Largest decline over 5 years	—	-81.58%	—
Current Drawdown Current decline from peak	-0.29%	0.00%	-0.29%
Average Drawdown Average peak-to-trough decline	-2.84%	-43.92%	+41.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	8.97%	-8.56%

Volatility

SBND vs. HIBL - Volatility Comparison

The current volatility for Columbia Short Duration Bond ETF (SBND) is 0.62%, while Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a volatility of 34.04%. 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.

Volatility by Period

	SBND	HIBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	34.04%	-33.42%
Volatility (6M) Calculated over the trailing 6-month period	1.69%	58.06%	-56.37%
Volatility (1Y) Calculated over the trailing 1-year period	2.46%	72.15%	-69.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.60%	83.10%	-79.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.60%	92.33%	-88.73%

SBND vs. HIBL - Expense Ratio Comparison

SBND has a 0.25% expense ratio, which is lower than HIBL's 1.12% expense ratio.

Dividends

SBND vs. HIBL - Dividend Comparison

SBND's dividend yield for the trailing twelve months is around 4.54%, more than HIBL's 1.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	1.11%	2.43%	0.82%	0.69%	0.00%	0.06%	0.19%	0.19%
SBND Columbia Short Duration Bond ETF	4.54%	4.65%	4.58%	3.90%	2.80%	0.43%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SBND and HIBL in my portfolio?

SBND and HIBL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBND or HIBL?

HIBL has higher volatility (34.04%) compared to SBND (0.62%). In terms of maximum drawdown, SBND dropped -10.78% vs HIBL's -88.27%.

Which ETF is better, SBND or HIBL?

On 3-year performance, HIBL leads with 62.29% vs 6.00% for SBND. On fees, SBND is cheaper at 0.25% per year. On volatility, SBND has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SBND or HIBL?

Over the 3-year period, HIBL has performed better with a 62.29% return vs 6.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SBND or HIBL?

SBND is cheaper with a 0.25% expense ratio, compared with 1.12% for HIBL.

Which ETF pays a higher dividend yield, SBND or HIBL?

SBND has the higher dividend yield at 4.54%, compared with 1.11% for HIBL.

What is the main difference between SBND and HIBL?

SBND is categorized as Short-Term Bond, while HIBL is Leveraged Equities. SBND tracks Bloomberg Beta Advantage Short Term Bond (-300%), while HIBL tracks S&P 500 High Beta Index (300%). They also come from different issuers: Columbia and Direxion. Their fees differ too: 0.25% for SBND and 1.12% for HIBL.

Which has better risk-adjusted returns?

HIBL currently has the higher Sharpe Ratio (3.96 vs 1.99), 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.