SRTY vs. HIBS
Compare and contrast key facts about ProShares UltraPro Short Russell2000 (SRTY) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS).
SRTY and HIBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SRTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (-300%). It was launched on Feb 11, 2010. HIBS 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 SRTY and HIBS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SRTY or HIBS.
Key characteristics
| SRTY | HIBS | |
|---|---|---|
| YTD Return | -45.17% | -31.39% |
| 1Y Return | -68.53% | -62.94% |
| 3Y Return (Ann) | -21.69% | -37.98% |
| 5Y Return (Ann) | -49.57% | -67.06% |
| Sharpe Ratio | -1.06 | -0.98 |
| Sortino Ratio | -1.87 | -1.68 |
| Omega Ratio | 0.78 | 0.82 |
| Calmar Ratio | -0.69 | -0.62 |
| Martin Ratio | -1.43 | -1.26 |
| Ulcer Index | 47.76% | 49.26% |
| Daily Std Dev | 64.65% | 63.27% |
| Max Drawdown | -99.99% | -99.85% |
| Current Drawdown | -99.99% | -99.85% |
Correlation
The correlation between SRTY and HIBS is 0.88, 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.
Performance
SRTY vs. HIBS - Performance Comparison
In the year-to-date period, SRTY achieves a -45.17% return, which is significantly lower than HIBS's -31.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SRTY vs. HIBS - Expense Ratio Comparison
SRTY has a 0.95% expense ratio, which is lower than HIBS's 1.07% expense ratio.
Risk-Adjusted Performance
SRTY vs. HIBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Russell2000 (SRTY) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS). 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.
Dividends
SRTY vs. HIBS - Dividend Comparison
SRTY's dividend yield for the trailing twelve months is around 11.47%, more than HIBS's 6.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SRTY ProShares UltraPro Short Russell2000 | 11.47% | 4.93% | 0.16% | 0.00% | 0.95% | 2.12% | 0.70% | 0.04% |
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 6.72% | 6.52% | 0.04% | 0.00% | 0.90% | 0.13% | 0.00% | 0.00% |
Drawdowns
SRTY vs. HIBS - Drawdown Comparison
The maximum SRTY drawdown since its inception was -99.99%, roughly equal to the maximum HIBS drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for SRTY and HIBS. For additional features, visit the drawdowns tool.
Volatility
SRTY vs. HIBS - Volatility Comparison
ProShares UltraPro Short Russell2000 (SRTY) has a higher volatility of 24.07% compared to Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) at 17.68%. This indicates that SRTY's price experiences larger fluctuations and is considered to be riskier than HIBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.