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SOXL vs. HIBL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SOXL vs. HIBL

Last updated Jun 13, 2026

SOXL (Direxion Daily Semiconductor Bull 3X ETF) and HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) are both Leveraged Equities funds from Direxion - SOXL tracks the ICE Semiconductor Index while HIBL tracks the S&P 500 High Beta Index (300%). Both are passively managed. Over the past 5 years, SOXL returned 43.69%/yr vs 10.57%/yr for HIBL. A 0.76 correlation means they provide meaningful diversification when combined. SOXL charges 0.75%/yr vs 1.12%/yr for HIBL.

Performance

SOXL vs. HIBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bull 3X ETF (SOXL) 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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Returns By Period

In the year-to-date period, SOXL achieves a 458.36% return, which is significantly higher than HIBL's 80.33% return.

SOXL

1D
4.77%
1M
27.38%
YTD
458.36%
6M
462.65%
1Y
985.71%
3Y*
110.81%
5Y*
43.69%
10Y*
63.20%

HIBL

1D
4.55%
1M
15.37%
YTD
80.33%
6M
73.92%
1Y
226.21%
3Y*
49.52%
5Y*
10.57%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SOXL vs. HIBL - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
SOXL
Direxion Daily Semiconductor Bull 3X ETF		458.36%54.91%-12.31%226.98%-85.66%118.84%70.04%23.92%
HIBL
Direxion Daily S&P 500 High Beta Bull 3X Shares		80.33%60.38%-0.40%81.02%-68.24%129.14%-24.96%19.23%

Correlation

The correlation between SOXL and HIBL is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (5Y)
Calculated over the trailing 5-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2019

0.76

The correlation between SOXL and HIBL has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.

SOXL vs. HIBL - Sectors Allocation Comparison

Sectors
SOXL
HIBL

Technology

100.0%
45.8%

Basic Materials

-

4.6%

Communication Services

-

3.7%

Consumer Cyclical

-

12.9%

Consumer Defensive

-

0.6%

Energy

-

2.2%

Financial Services

-

12.5%

Healthcare

-

2.9%

Industrials

-

11.7%

Real Estate

-

-

Utilities

-

3.2%

Technology

SOXL
100.0%
HIBL
45.8%

Basic Materials

SOXL

-

HIBL
4.6%

Communication Services

SOXL

-

HIBL
3.7%

Consumer Cyclical

SOXL

-

HIBL
12.9%

Consumer Defensive

SOXL

-

HIBL
0.6%

Energy

SOXL

-

HIBL
2.2%

Financial Services

SOXL

-

HIBL
12.5%

Healthcare

SOXL

-

HIBL
2.9%

Industrials

SOXL

-

HIBL
11.7%

Real Estate

SOXL

-

HIBL

-

Utilities

SOXL

-

HIBL
3.2%

Compare stocks, funds, or ETFs

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

Direxion Daily Semiconductor Bull 3X ETF

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

Often compared with SOXL:
SOXL vs. TQQQSOXL vs. SOXXSOXL vs. SOXSSOXL vs. USDSOXL vs. TECLSOXL vs. NVDLSOXL vs. SPY
Often compared with HIBL:
HIBL vs. HIBSHIBL vs. WEBLHIBL vs. TPORHIBL vs. TQQQHIBL vs. SPYHIBL vs. SBNDHIBL vs. BOIL

Return for Risk

SOXL vs. HIBL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SOXL
SOXL Risk / Return Rank: 9797
Overall Rank
SOXL Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
SOXL Sortino Ratio Rank: 9494
Sortino Ratio Rank
SOXL Omega Ratio Rank: 9494
Omega Ratio Rank
SOXL Calmar Ratio Rank: 9999
Calmar Ratio Rank
SOXL Martin Ratio Rank: 9898
Martin Ratio Rank
HIBL
HIBL Risk / Return Rank: 8888
Overall Rank
HIBL Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
HIBL Sortino Ratio Rank: 7878
Sortino Ratio Rank
HIBL Omega Ratio Rank: 7878
Omega Ratio Rank
HIBL Calmar Ratio Rank: 9595
Calmar Ratio Rank
HIBL Martin Ratio Rank: 9595
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.

SOXL vs. HIBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) 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.

SOXLHIBLDifference
Sharpe ratioReturn per unit of total volatility
8.99
3.19

+5.80

Sortino ratioReturn per unit of downside risk
4.23
3.01

+1.23

Omega ratioGain probability vs. loss probability

1.60

1.40

+0.20

Calmar ratioReturn relative to maximum drawdown

22.91

7.25

+15.66

Martin ratioReturn relative to average drawdown

74.51

25.38

+49.13

SOXL vs. HIBL - Sharpe Ratio Comparison

The current SOXL Sharpe Ratio is 8.99, which is higher than the HIBL Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of SOXL 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.

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Drawdowns

SOXL vs. HIBL - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, roughly equal to the maximum HIBL drawdown of -88.27%. Use the drawdown chart below to compare losses from any high point for SOXL and HIBL.

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Drawdown Indicators

SOXLHIBLDifference

Max Drawdown

Largest peak-to-trough decline

-90.46%

-88.27%

-2.19%

Max Drawdown (1Y)

Largest decline over 1 year

-43.47%

-31.39%

-12.08%

Max Drawdown (3Y)

Largest decline over 3 years

-87.88%

-69.66%

-18.22%

Max Drawdown (5Y)

Largest decline over 5 years

-90.46%

-81.58%

-8.88%

Max Drawdown (10Y)

Largest decline over 10 years

-90.46%

—

—

Current Drawdown

Current decline from peak

-16.35%

-10.19%

-6.16%

Average Drawdown

Average peak-to-trough decline

-34.99%

-44.05%

+9.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.35%

8.96%

+4.39%

Volatility

SOXL vs. HIBL - Volatility Comparison

Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 58.17% compared to Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) at 34.70%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier 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

SOXLHIBLDifference

Volatility (1M)

Calculated over the trailing 1-month period

58.17%

34.70%

+23.47%

Volatility (6M)

Calculated over the trailing 6-month period

93.93%

57.54%

+36.39%

Volatility (1Y)

Calculated over the trailing 1-year period

110.81%

71.43%

+39.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

108.96%

83.04%

+25.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

99.99%

92.32%

+7.67%

SOXL vs. HIBL - Expense Ratio Comparison

SOXL has a 0.75% expense ratio, which is lower than HIBL's 1.12% expense ratio.

Dividends

SOXL vs. HIBL - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.03%, less than HIBL's 1.28% yield.

PositionTTM2025202420232022202120202019201820172016
HIBL
Direxion Daily S&P 500 High Beta Bull 3X Shares		1.28%2.43%0.82%0.69%0.00%0.06%0.19%0.19%0.00%0.00%0.00%
SOXL
Direxion Daily Semiconductor Bull 3X ETF		0.03%0.34%1.18%0.51%1.07%0.04%0.05%0.38%1.30%0.09%4.84%

Frequently Asked Questions

SOXL and HIBL have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOXL has higher volatility (58.17%) compared to HIBL (34.70%). In terms of maximum drawdown, SOXL dropped -90.46% vs HIBL's -88.27%.

On 5-year performance, SOXL leads with 43.69% vs 10.57% for HIBL. On fees, SOXL is cheaper at 0.75% per year. On volatility, HIBL has been the lower-risk option at 34.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SOXL has performed better with a 43.69% return vs 10.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SOXL is cheaper with a 0.75% expense ratio, compared with 1.12% for HIBL.

HIBL has the higher dividend yield at 1.28%, compared with 0.03% for SOXL.

SOXL tracks ICE Semiconductor Index, while HIBL tracks S&P 500 High Beta Index (300%). Their fees differ too: 0.75% for SOXL and 1.12% for HIBL.

SOXL currently has the higher Sharpe Ratio (8.99 vs 3.19), 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.

Portfolio Optimizer

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