SBND vs. HIBL

Last updated Apr 2, 2026

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.

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.

SBND vs. HIBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SBND Columbia Short Duration Bond ETF	0.02%	7.50%	4.83%	7.20%	-7.24%	-0.68%
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	-6.14%	60.38%	-0.40%	81.02%	-68.24%	27.11%

Returns By Period

In the year-to-date period, SBND achieves a 0.02% return, which is significantly higher than HIBL's -6.14% return.

SBND

• 1D: 0.08%
• 1M: -0.76%
• YTD: 0.02%
• 6M: 1.01%
• 1Y: 5.74%
• 3Y*: 5.72%
• 5Y*: —
• 10Y*: —

HIBL

• 1D: 3.15%
• 1M: -15.20%
• YTD: -6.14%
• 6M: 2.41%
• 1Y: 133.35%
• 3Y*: 27.73%
• 5Y*: 1.55%
• 10Y*: —

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

SBND vs. HIBL - Expense Ratio Comparison

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

HIBL

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

SBND

Columbia Short Duration Bond ETF

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: 92
SBND Sharpe Ratio Rank: 90
SBND Sortino Ratio Rank: 94
SBND Omega Ratio Rank: 92
SBND Calmar Ratio Rank: 91
SBND Martin Ratio Rank: 92

HIBL

HIBL Risk / Return Rank: 83
HIBL Sharpe Ratio Rank: 78
HIBL Sortino Ratio Rank: 80
HIBL Omega Ratio Rank: 78
HIBL Calmar Ratio Rank: 90
HIBL Martin Ratio Rank: 89

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.

	SBND	HIBL	Difference
Sharpe ratio Return per unit of total volatility	2.04	1.49	+0.55
Sortino ratio Return per unit of downside risk	2.98	2.13	+0.85
Omega ratio Gain probability vs. loss probability	1.42	1.31	+0.11
Calmar ratio Return relative to maximum drawdown	3.46	3.12	+0.33
Martin ratio Return relative to average drawdown	13.90	11.78	+2.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBND vs. HIBL - Sharpe Ratio Comparison

The current SBND Sharpe Ratio is 2.04, which is higher than the HIBL Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of SBND 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.

Sharpe Ratios by Period

	SBND	HIBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	1.49	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.10	+0.55

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.

Dividends

SBND vs. HIBL - Dividend Comparison

SBND's dividend yield for the trailing twelve months is around 4.56%, more than HIBL's 2.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
SBND Columbia Short Duration Bond ETF	4.56%	4.65%	4.58%	3.90%	2.80%	0.43%	0.00%	0.00%
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	2.46%	2.43%	0.82%	0.69%	0.00%	0.06%	0.19%	0.19%

Drawdowns

SBND vs. HIBL - Drawdown Comparison

The maximum SBND drawdown since its inception was -10.78%, 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%	-44.08%	+42.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-81.58%	—
Current Drawdown Current decline from peak	-1.02%	-26.76%	+25.74%
Average Drawdown Average peak-to-trough decline	-2.96%	-45.22%	+42.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	11.69%	-11.27%

Volatility

SBND vs. HIBL - Volatility Comparison

The current volatility for Columbia Short Duration Bond ETF (SBND) is 1.09%, while Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a volatility of 25.93%. 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	1.09%	25.93%	-24.84%
Volatility (6M) Calculated over the trailing 6-month period	1.67%	53.24%	-51.57%
Volatility (1Y) Calculated over the trailing 1-year period	2.83%	90.33%	-87.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.65%	81.88%	-78.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.65%	92.41%	-88.76%