SPMO vs. HIBL
Compare and contrast key facts about Invesco S&P 500 Momentum ETF (SPMO) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL).
SPMO and HIBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015. 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 SPMO 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
SPMO vs. HIBL - Performance Comparison
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SPMO vs. HIBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 5.46% |
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | -6.14% | 60.38% | -0.40% | 81.02% | -68.24% | 129.14% | -24.96% | 21.45% |
Returns By Period
In the year-to-date period, SPMO achieves a -3.77% return, which is significantly higher than HIBL's -6.14% return.
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
HIBL
- 1D
- 3.15%
- 1M
- -15.20%
- YTD
- -6.14%
- 6M
- 2.41%
- 1Y
- 133.35%
- 3Y*
- 27.73%
- 5Y*
- 1.55%
- 10Y*
- —
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SPMO vs. HIBL - Expense Ratio Comparison
SPMO has a 0.13% expense ratio, which is lower than HIBL's 1.12% expense ratio.
Return for Risk
SPMO vs. HIBL — Risk / Return Rank
SPMO
HIBL
SPMO vs. HIBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Momentum ETF (SPMO) 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.
| SPMO | HIBL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.49 | -0.43 |
Sortino ratioReturn per unit of downside risk | 1.60 | 2.13 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 3.12 | -1.17 |
Martin ratioReturn relative to average drawdown | 6.90 | 11.78 | -4.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPMO | HIBL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.49 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.02 | +0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.10 | +0.76 |
Correlation
The correlation between SPMO and HIBL is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPMO vs. HIBL - Dividend Comparison
SPMO's dividend yield for the trailing twelve months is around 0.89%, less than HIBL's 2.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPMO vs. HIBL - Drawdown Comparison
The maximum SPMO drawdown since its inception was -30.95%, smaller than the maximum HIBL drawdown of -88.27%. Use the drawdown chart below to compare losses from any high point for SPMO and HIBL.
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Drawdown Indicators
| SPMO | HIBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.95% | -88.27% | +57.32% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -44.08% | +31.38% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -81.58% | +58.84% |
Max Drawdown (10Y)Largest decline over 10 years | -30.95% | — | — |
Current DrawdownCurrent decline from peak | -7.31% | -26.76% | +19.45% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -45.22% | +40.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 11.69% | -8.09% |
Volatility
SPMO vs. HIBL - Volatility Comparison
The current volatility for Invesco S&P 500 Momentum ETF (SPMO) is 7.22%, while Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a volatility of 25.93%. This indicates that SPMO 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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Volatility by Period
| SPMO | HIBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.22% | 25.93% | -18.71% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 53.24% | -40.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.77% | 90.33% | -67.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 81.88% | -62.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 92.41% | -72.32% |