SPXE vs. HIBL

Last updated Jul 18, 2026

SPXE (ProShares S&P 500 Ex-Energy ETF) and HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) are both exchange-traded funds - SPXE is a S&P 500 fund tracking the S&P 500 Ex-Energy Index, while HIBL is a Leveraged Equities fund tracking the S&P 500 High Beta Index (300%). Both are passively managed. SPXE charges 0.09%/yr vs 1.12%/yr for HIBL.

Performance

SPXE vs. HIBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Ex-Energy ETF (SPXE) 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

SPXE

• 1D: 0.00%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HIBL

• 1D: -4.17%
• 1M: -20.54%
• 6M: 28.64%
• YTD: 47.41%
• 1Y: 102.82%
• 3Y*: 32.13%
• 5Y*: 12.60%
• 10Y*: —

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

SPXE vs. HIBL - Yearly Performance Comparison

	2026 (YTD)
SPXE ProShares S&P 500 Ex-Energy ETF	0.00%
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	-4.17%

SPXE vs. HIBL - Sectors Allocation Comparison

Sectors	SPXE	HIBL
Technology	38.6%	9.3%
Financial Services	12.4%	2.8%
Communication Services	10.1%	0.3%
Consumer Cyclical	9.7%	2.4%
Healthcare	9.5%	1.2%
Industrials	8.1%	2.6%
Consumer Defensive	4.8%	0.2%
Utilities	2.8%	0.6%
Basic Materials	1.9%	0.6%
Real Estate	1.9%	-
Energy	0.0%	0.2%

Return for Risk

SPXE vs. HIBL — Risk / Return Rank

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

SPXE

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

HIBL

HIBL Risk / Return Rank: 59
HIBL Sharpe Ratio Rank: 49
HIBL Sortino Ratio Rank: 47
HIBL Omega Ratio Rank: 46
HIBL Calmar Ratio Rank: 80
HIBL Martin Ratio Rank: 72

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.

SPXE vs. HIBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Energy ETF (SPXE) 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.

	SPXE	HIBL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.35	—
Sortino ratio: Return per unit of downside risk	—	1.89	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	3.29	—
Martin ratio: Return relative to average drawdown	—	10.23	—

Drawdowns

SPXE vs. HIBL - Drawdown Comparison

The maximum SPXE drawdown since its inception was 0.00%, smaller than the maximum HIBL drawdown of -88.27%. Use the drawdown chart below to compare losses from any high point for SPXE and HIBL.

Drawdown Indicators

	SPXE	HIBL	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-88.27%	+88.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-69.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-81.58%	—
Current Drawdown Current decline from peak	0.00%	-29.37%	+29.37%
Average Drawdown Average peak-to-trough decline	0.00%	-43.63%	+43.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.09%	—

Volatility

Volatility by Period

	SPXE	HIBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	29.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	63.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	76.48%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	83.60%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	92.47%	—

SPXE vs. HIBL - Expense Ratio Comparison

SPXE has a 0.09% expense ratio, which is lower than HIBL's 1.12% expense ratio.

Dividends

SPXE vs. HIBL - Dividend Comparison

SPXE has not paid dividends to shareholders, while HIBL's dividend yield for the trailing twelve months is around 1.54%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	1.54%	2.43%	0.82%	0.69%	0.00%	0.06%	0.19%	0.19%
SPXE ProShares S&P 500 Ex-Energy ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, SPXE or HIBL?

On fees, SPXE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXE or HIBL?

SPXE is cheaper with a 0.09% expense ratio, compared with 1.12% for HIBL.

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

HIBL has the higher dividend yield at 1.54%, compared with 0.00% for SPXE.

What is the main difference between SPXE and HIBL?

SPXE is categorized as S&P 500, while HIBL is Leveraged Equities. SPXE tracks S&P 500 Ex-Energy Index, while HIBL tracks S&P 500 High Beta Index (300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.09% for SPXE and 1.12% for HIBL.