SPVM vs. HIBL
Compare and contrast key facts about Invesco S&P 500 Value with Momentum ETF (SPVM) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL).
SPVM and HIBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPVM is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Momentum Value Index. It was launched on Jun 16, 2011. 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 SPVM 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
SPVM vs. HIBL - Performance Comparison
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SPVM vs. HIBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPVM Invesco S&P 500 Value with Momentum ETF | 2.19% | 20.47% | 15.64% | 5.53% | -2.10% | 28.86% | -3.18% | 2.89% |
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | -9.00% | 60.38% | -0.40% | 81.02% | -68.24% | 129.14% | -24.96% | 21.45% |
Returns By Period
In the year-to-date period, SPVM achieves a 2.19% return, which is significantly higher than HIBL's -9.00% return.
SPVM
- 1D
- 1.49%
- 1M
- -3.93%
- YTD
- 2.19%
- 6M
- 5.84%
- 1Y
- 22.71%
- 3Y*
- 15.71%
- 5Y*
- 10.53%
- 10Y*
- 11.59%
HIBL
- 1D
- 12.39%
- 1M
- -18.58%
- YTD
- -9.00%
- 6M
- 3.39%
- 1Y
- 130.41%
- 3Y*
- 26.42%
- 5Y*
- 0.92%
- 10Y*
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SPVM vs. HIBL - Expense Ratio Comparison
SPVM has a 0.39% expense ratio, which is lower than HIBL's 1.12% expense ratio.
Return for Risk
SPVM vs. HIBL — Risk / Return Rank
SPVM
HIBL
SPVM vs. HIBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Value with Momentum ETF (SPVM) 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.
| SPVM | HIBL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.45 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.11 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.91 | -0.96 |
Martin ratioReturn relative to average drawdown | 9.14 | 11.05 | -1.91 |
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
| SPVM | HIBL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.45 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.01 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.10 | +0.51 |
Correlation
The correlation between SPVM and HIBL is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPVM vs. HIBL - Dividend Comparison
SPVM's dividend yield for the trailing twelve months is around 2.03%, less than HIBL's 2.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPVM Invesco S&P 500 Value with Momentum ETF | 2.03% | 2.02% | 1.91% | 2.45% | 2.33% | 1.41% | 2.11% | 2.40% | 3.10% | 1.68% | 2.80% | 2.67% |
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 2.54% | 2.43% | 0.82% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPVM vs. HIBL - Drawdown Comparison
The maximum SPVM drawdown since its inception was -45.35%, smaller than the maximum HIBL drawdown of -88.27%. Use the drawdown chart below to compare losses from any high point for SPVM and HIBL.
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Drawdown Indicators
| SPVM | HIBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.35% | -88.27% | +42.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.37% | -44.08% | +31.71% |
Max Drawdown (5Y)Largest decline over 5 years | -19.48% | -81.58% | +62.10% |
Max Drawdown (10Y)Largest decline over 10 years | -45.35% | — | — |
Current DrawdownCurrent decline from peak | -4.34% | -28.99% | +24.65% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -45.23% | +40.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 11.61% | -8.97% |
Volatility
SPVM vs. HIBL - Volatility Comparison
The current volatility for Invesco S&P 500 Value with Momentum ETF (SPVM) is 3.55%, while Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a volatility of 26.35%. This indicates that SPVM 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
| SPVM | HIBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 26.35% | -22.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 53.15% | -44.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.68% | 90.30% | -73.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 81.90% | -65.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 92.44% | -72.85% |