SPMV vs. HIBL

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P 500 Minimum Variance ETF (SPMV) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL).

SPMV and HIBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPMV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Minimum Volatility Index. It was launched on Jul 13, 2017. 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 SPMV 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

SPMV vs. HIBL - Performance Comparison

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

SPMV vs. HIBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPMV Invesco S&P 500 Minimum Variance ETF	0.87%	11.69%	18.78%	10.28%	-10.84%	24.35%	8.57%	5.35%
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

SPMV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 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)

SPMV vs. HIBL - Expense Ratio Comparison

SPMV has a 0.10% expense ratio, which is lower than HIBL's 1.12% expense ratio.

HIBL

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

SPMV

Invesco S&P 500 Minimum Variance ETF

Return for Risk

SPMV vs. HIBL — Risk / Return Rank

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

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.

SPMV vs. HIBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Minimum Variance ETF (SPMV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

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

Correlation

The correlation between SPMV and HIBL is 0.67, 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

SPMV vs. HIBL - Dividend Comparison

SPMV's dividend yield for the trailing twelve months is around 1.45%, less than HIBL's 2.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPMV Invesco S&P 500 Minimum Variance ETF	1.45%	1.53%	1.53%	2.28%	1.79%	1.28%	1.71%	3.13%	2.11%	1.72%
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%

Drawdowns

Drawdown Indicators

	SPMV	HIBL	Difference
Max Drawdown Largest peak-to-trough decline	—	-88.27%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-44.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.58%	—
Current Drawdown Current decline from peak	—	-26.76%	—
Average Drawdown Average peak-to-trough decline	—	-45.22%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.69%	—

Volatility

Volatility by Period

	SPMV	HIBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	25.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	53.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	90.33%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	81.88%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	92.41%	—