SPUS vs. HIBL

Last updated Jun 4, 2026

SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) and HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) are both exchange-traded funds - SPUS is a S&P 500 fund tracking the S&P 500 Shariah Industry Exclusions Index, while HIBL is a Leveraged Equities fund tracking the S&P 500 High Beta Index (300%). Both are passively managed. Over the past 5 years, SPUS returned 17.46%/yr vs 11.57%/yr for HIBL. A 0.76 correlation means they provide meaningful diversification when combined. SPUS charges 0.45%/yr vs 1.12%/yr for HIBL.

Performance

SPUS vs. HIBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) 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, SPUS achieves a 15.82% return, which is significantly lower than HIBL's 96.27% return.

SPUS

• 1D: -0.86%
• 1M: 9.49%
• YTD: 15.82%
• 6M: 15.21%
• 1Y: 40.24%
• 3Y*: 24.89%
• 5Y*: 17.46%
• 10Y*: —

HIBL

• 1D: -2.25%
• 1M: 38.56%
• YTD: 96.27%
• 6M: 98.56%
• 1Y: 279.13%
• 3Y*: 62.03%
• 5Y*: 11.57%
• 10Y*: —

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

SPUS vs. HIBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	15.82%	19.77%	26.49%	34.24%	-22.76%	35.92%	25.68%	0.81%
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	96.27%	60.38%	-0.40%	81.02%	-68.24%	129.14%	-24.96%	4.09%

Correlation

The correlation between SPUS and HIBL is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Dec 19, 2019	0.76

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

SPUS vs. HIBL - Sectors Allocation Comparison

Sectors	SPUS	HIBL
Technology	57.3%	45.8%
Healthcare	11.1%	2.9%
Consumer Cyclical	7.3%	12.9%
Industrials	7.0%	11.7%
Communication Services	6.4%	3.7%
Energy	3.3%	2.2%
Basic Materials	3.0%	4.6%
Consumer Defensive	2.9%	0.6%
Real Estate	1.4%	-
Utilities	0.3%	3.2%
Financial Services	-	12.5%

Return for Risk

SPUS vs. HIBL — Risk / Return Rank

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

SPUS

SPUS Risk / Return Rank: 81
SPUS Sharpe Ratio Rank: 85
SPUS Sortino Ratio Rank: 83
SPUS Omega Ratio Rank: 80
SPUS Calmar Ratio Rank: 74
SPUS Martin Ratio Rank: 81

HIBL

HIBL Risk / Return Rank: 89
HIBL Sharpe Ratio Rank: 96
HIBL Sortino Ratio Rank: 80
HIBL Omega Ratio Rank: 77
HIBL Calmar Ratio Rank: 96
HIBL Martin Ratio Rank: 95

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.

SPUS vs. HIBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) 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.

	SPUS	HIBL	Difference
Sharpe ratio: Return per unit of total volatility	2.86	4.26	-1.41
Sortino ratio: Return per unit of downside risk	3.79	3.61	+0.18
Omega ratio: Gain probability vs. loss probability	1.49	1.47	+0.03
Calmar ratio: Return relative to maximum drawdown	3.79	8.96	-5.16
Martin ratio: Return relative to average drawdown	16.32	32.84	-16.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPUS vs. HIBL - Sharpe Ratio Comparison

The current SPUS Sharpe Ratio is 2.86, which is lower than the HIBL Sharpe Ratio of 4.26. The chart below compares the historical Sharpe Ratios of SPUS 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.

Sharpe Ratios by Period

	SPUS	HIBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.86	4.26	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.14	+0.77
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.24	+0.67

Drawdowns

SPUS vs. HIBL - Drawdown Comparison

The maximum SPUS drawdown since its inception was -30.80%, smaller than the maximum HIBL drawdown of -88.27%. Use the drawdown chart below to compare losses from any high point for SPUS and HIBL.

Drawdown Indicators

	SPUS	HIBL	Difference
Max Drawdown Largest peak-to-trough decline	-30.80%	-88.27%	+57.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.66%	-31.39%	+20.73%
Max Drawdown (3Y) Largest decline over 3 years	-22.82%	-69.66%	+46.84%
Max Drawdown (5Y) Largest decline over 5 years	-28.06%	-81.58%	+53.52%
Current Drawdown Current decline from peak	-0.86%	-2.25%	+1.39%
Average Drawdown Average peak-to-trough decline	-6.21%	-44.20%	+37.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	8.55%	-6.08%

Volatility

SPUS vs. HIBL - Volatility Comparison

The current volatility for SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) is 4.00%, while Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a volatility of 21.25%. This indicates that SPUS 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

	SPUS	HIBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	21.25%	-17.25%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	50.46%	-39.62%
Volatility (1Y) Calculated over the trailing 1-year period	14.16%	66.16%	-52.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.23%	82.16%	-62.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.28%	91.89%	-70.61%

SPUS vs. HIBL - Expense Ratio Comparison

SPUS has a 0.45% expense ratio, which is lower than HIBL's 1.12% expense ratio.

Dividends

SPUS vs. HIBL - Dividend Comparison

SPUS's dividend yield for the trailing twelve months is around 0.52%, less than HIBL's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	1.18%	2.43%	0.82%	0.69%	0.00%	0.06%	0.19%	0.19%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	0.52%	0.60%	0.70%	0.87%	1.21%	1.15%	1.04%	0.00%

Frequently Asked Questions

Can I hold both SPUS and HIBL in my portfolio?

SPUS and HIBL have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPUS or HIBL?

HIBL has higher volatility (21.25%) compared to SPUS (4.00%). In terms of maximum drawdown, SPUS dropped -30.80% vs HIBL's -88.27%.

Which ETF is better, SPUS or HIBL?

On 5-year performance, SPUS leads with 17.46% vs 11.57% for HIBL. On fees, SPUS is cheaper at 0.45% per year. On volatility, SPUS has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPUS or HIBL?

Over the 5-year period, SPUS has performed better with a 17.46% return vs 11.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPUS or HIBL?

SPUS is cheaper with a 0.45% expense ratio, compared with 1.12% for HIBL.

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

HIBL has the higher dividend yield at 1.18%, compared with 0.52% for SPUS.

What is the main difference between SPUS and HIBL?

SPUS is categorized as S&P 500, while HIBL is Leveraged Equities. SPUS tracks S&P 500 Shariah Industry Exclusions Index, while HIBL tracks S&P 500 High Beta Index (300%). They also come from different issuers: SP Funds and Direxion. Their fees differ too: 0.45% for SPUS and 1.12% for HIBL.

Which has better risk-adjusted returns?

HIBL currently has the higher Sharpe Ratio (4.26 vs 2.86), 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.