SPYG vs. HIBL

Last updated Jun 5, 2026

SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) and HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) are both exchange-traded funds - SPYG is a S&P 500 fund tracking the S&P 500 Growth 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, SPYG returned 16.07%/yr vs 11.47%/yr for HIBL. A 0.74 correlation means they provide meaningful diversification when combined. SPYG charges 0.04%/yr vs 1.12%/yr for HIBL.

Performance

SPYG vs. HIBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) 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, SPYG achieves a 13.73% return, which is significantly lower than HIBL's 95.37% return.

SPYG

• 1D: -0.02%
• 1M: 6.54%
• YTD: 13.73%
• 6M: 13.08%
• 1Y: 33.66%
• 3Y*: 28.20%
• 5Y*: 16.07%
• 10Y*: 18.16%

HIBL

• 1D: -0.46%
• 1M: 31.17%
• YTD: 95.37%
• 6M: 95.99%
• 1Y: 276.75%
• 3Y*: 62.38%
• 5Y*: 11.47%
• 10Y*: —

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

SPYG vs. HIBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	13.73%	22.09%	35.99%	30.02%	-29.41%	32.01%	33.46%	5.63%
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	95.37%	60.38%	-0.40%	81.02%	-68.24%	129.14%	-24.96%	21.45%

Correlation

The correlation between SPYG and HIBL is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019	0.74

The correlation between SPYG and HIBL has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

SPYG vs. HIBL - Sectors Allocation Comparison

Sectors	SPYG	HIBL
Technology	51.9%	45.8%
Communication Services	16.8%	3.7%
Consumer Cyclical	8.9%	12.9%
Financial Services	8.5%	12.5%
Healthcare	5.8%	2.9%
Industrials	5.0%	11.7%
Utilities	1.2%	3.2%
Consumer Defensive	1.0%	0.6%
Real Estate	0.6%	-
Basic Materials	0.3%	4.6%
Energy	0.1%	2.2%

Return for Risk

SPYG vs. HIBL — Risk / Return Rank

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

SPYG

SPYG Risk / Return Rank: 60
SPYG Sharpe Ratio Rank: 65
SPYG Sortino Ratio Rank: 63
SPYG Omega Ratio Rank: 61
SPYG Calmar Ratio Rank: 51
SPYG Martin Ratio Rank: 58

HIBL

HIBL Risk / Return Rank: 89
HIBL Sharpe Ratio Rank: 96
HIBL Sortino Ratio Rank: 81
HIBL Omega Ratio Rank: 79
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.

SPYG vs. HIBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) 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.

	SPYG	HIBL	Difference
Sharpe ratio: Return per unit of total volatility	2.11	4.23	-2.12
Sortino ratio: Return per unit of downside risk	2.88	3.59	-0.71
Omega ratio: Gain probability vs. loss probability	1.37	1.46	-0.10
Calmar ratio: Return relative to maximum drawdown	2.46	8.88	-6.42
Martin ratio: Return relative to average drawdown	10.17	32.55	-22.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYG vs. HIBL - Sharpe Ratio Comparison

The current SPYG Sharpe Ratio is 2.11, which is lower than the HIBL Sharpe Ratio of 4.23. The chart below compares the historical Sharpe Ratios of SPYG 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

	SPYG	HIBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	4.23	-2.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.14	+0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.24	+0.11

Drawdowns

SPYG vs. HIBL - Drawdown Comparison

The maximum SPYG drawdown since its inception was -67.63%, smaller than the maximum HIBL drawdown of -88.27%. Use the drawdown chart below to compare losses from any high point for SPYG and HIBL.

Drawdown Indicators

	SPYG	HIBL	Difference
Max Drawdown Largest peak-to-trough decline	-67.63%	-88.27%	+20.64%
Max Drawdown (1Y) Largest decline over 1 year	-13.76%	-31.39%	+17.63%
Max Drawdown (3Y) Largest decline over 3 years	-22.14%	-69.66%	+47.52%
Max Drawdown (5Y) Largest decline over 5 years	-32.67%	-81.58%	+48.91%
Max Drawdown (10Y) Largest decline over 10 years	-32.67%	—	—
Current Drawdown Current decline from peak	-1.15%	-2.70%	+1.55%
Average Drawdown Average peak-to-trough decline	-24.32%	-44.17%	+19.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	8.55%	-5.23%

Volatility

SPYG vs. HIBL - Volatility Comparison

The current volatility for State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is 4.34%, while Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a volatility of 21.02%. This indicates that SPYG 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

	SPYG	HIBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	21.02%	-16.68%
Volatility (6M) Calculated over the trailing 6-month period	12.46%	50.42%	-37.96%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	65.96%	-49.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.16%	82.15%	-60.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.64%	91.87%	-71.23%

SPYG vs. HIBL - Expense Ratio Comparison

SPYG has a 0.04% expense ratio, which is lower than HIBL's 1.12% expense ratio.

Dividends

SPYG vs. HIBL - Dividend Comparison

SPYG's dividend yield for the trailing twelve months is around 0.47%, less than HIBL's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%	0.00%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	0.47%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%

Frequently Asked Questions

Can I hold both SPYG and HIBL in my portfolio?

SPYG and HIBL have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPYG or HIBL?

HIBL has higher volatility (21.02%) compared to SPYG (4.34%). In terms of maximum drawdown, SPYG dropped -67.63% vs HIBL's -88.27%.

Which ETF is better, SPYG or HIBL?

On 5-year performance, SPYG leads with 16.07% vs 11.47% for HIBL. On fees, SPYG is cheaper at 0.04% per year. On volatility, SPYG has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPYG or HIBL?

Over the 5-year period, SPYG has performed better with a 16.07% return vs 11.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPYG or HIBL?

SPYG is cheaper with a 0.04% expense ratio, compared with 1.12% for HIBL.

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

HIBL has the higher dividend yield at 1.18%, compared with 0.47% for SPYG.

What is the main difference between SPYG and HIBL?

SPYG is categorized as S&P 500, while HIBL is Leveraged Equities. SPYG tracks S&P 500 Growth Index, while HIBL tracks S&P 500 High Beta Index (300%). They also come from different issuers: State Street and Direxion. Their fees differ too: 0.04% for SPYG and 1.12% for HIBL.

Which has better risk-adjusted returns?

HIBL currently has the higher Sharpe Ratio (4.23 vs 2.11), 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.