WEBS vs. HIBS
Compare and contrast key facts about Daily Dow Jones Internet Bear 3X Shares (WEBS) and Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS).
WEBS and HIBS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WEBS is a passively managed fund by Direxion that tracks the performance of the Dow Jones Internet Composite Index (300%). It was launched on Nov 7, 2019. 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 WEBS 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: WEBS or HIBS.
Correlation
The correlation between WEBS and HIBS is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WEBS vs. HIBS - Performance Comparison
Key characteristics
WEBS:
-0.33
HIBS:
0.43
WEBS:
-0.08
HIBS:
1.24
WEBS:
0.99
HIBS:
1.13
WEBS:
-0.22
HIBS:
0.32
WEBS:
-0.52
HIBS:
1.08
WEBS:
41.45%
HIBS:
29.90%
WEBS:
65.25%
HIBS:
75.11%
WEBS:
-99.41%
HIBS:
-99.87%
WEBS:
-98.92%
HIBS:
-99.74%
Returns By Period
In the year-to-date period, WEBS achieves a 40.38% return, which is significantly lower than HIBS's 59.16% return.
WEBS
40.38%
36.48%
-10.00%
-20.51%
-53.88%
N/A
HIBS
59.16%
34.38%
52.88%
34.04%
-66.96%
N/A
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WEBS vs. HIBS - Expense Ratio Comparison
Both WEBS and HIBS have an expense ratio of 1.07%.
Risk-Adjusted Performance
WEBS vs. HIBS — Risk-Adjusted Performance Rank
WEBS
HIBS
WEBS vs. HIBS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) 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
WEBS vs. HIBS - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 4.57%, more than HIBS's 3.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 4.57% | 5.96% | 2.84% | 0.20% | 0.00% | 1.13% | 0.01% |
HIBS Direxion Daily S&P 500 High Beta Bear 3X Shares | 3.16% | 5.34% | 6.52% | 0.04% | 0.00% | 0.90% | 0.13% |
Drawdowns
WEBS vs. HIBS - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.41%, roughly equal to the maximum HIBS drawdown of -99.87%. Use the drawdown chart below to compare losses from any high point for WEBS and HIBS. For additional features, visit the drawdowns tool.
Volatility
WEBS vs. HIBS - Volatility Comparison
The current volatility for Daily Dow Jones Internet Bear 3X Shares (WEBS) is 32.51%, while Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) has a volatility of 36.28%. This indicates that WEBS experiences smaller price fluctuations and is considered to be less risky than HIBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.