XOEF vs. HIBL

Last updated Jun 6, 2026

XOEF (iShares S&P 500 ex S&P 100 ETF) and HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) are both exchange-traded funds - XOEF is a S&P 500 fund tracking the S&P 500 Ex-S&P 100 Select Index, while HIBL is a Leveraged Equities fund tracking the S&P 500 High Beta Index (300%). Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. XOEF charges 0.20%/yr vs 1.12%/yr for HIBL.

Performance

XOEF vs. HIBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 ex S&P 100 ETF (XOEF) 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, XOEF achieves a 12.43% return, which is significantly lower than HIBL's 61.34% return.

XOEF

• 1D: -1.83%
• 1M: 1.36%
• YTD: 12.43%
• 6M: 12.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HIBL

• 1D: -17.42%
• 1M: 1.67%
• YTD: 61.34%
• 6M: 58.32%
• 1Y: 216.38%
• 3Y*: 50.00%
• 5Y*: 7.29%
• 10Y*: —

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

XOEF vs. HIBL - Yearly Performance Comparison

	2026 (YTD)	2025
XOEF iShares S&P 500 ex S&P 100 ETF	12.43%	4.15%
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	61.34%	42.59%

Correlation

The correlation between XOEF and HIBL is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.85

Return for Risk

XOEF vs. HIBL — Risk / Return Rank

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

HIBL

HIBL Risk / Return Rank: 84
HIBL Sharpe Ratio Rank: 92
HIBL Sortino Ratio Rank: 68
HIBL Omega Ratio Rank: 70
HIBL Calmar Ratio Rank: 94
HIBL Martin Ratio Rank: 94

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.

XOEF vs. HIBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ex S&P 100 ETF (XOEF) 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.

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

Sharpe Ratios by Period

	XOEF	HIBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.19	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	0.20	+1.29

Drawdowns

XOEF vs. HIBL - Drawdown Comparison

The maximum XOEF drawdown since its inception was -7.66%, smaller than the maximum HIBL drawdown of -88.27%. Use the drawdown chart below to compare losses from any high point for XOEF and HIBL.

Drawdown Indicators

	XOEF	HIBL	Difference
Max Drawdown Largest peak-to-trough decline	-7.66%	-88.27%	+80.61%
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	-1.83%	-19.65%	+17.82%
Average Drawdown Average peak-to-trough decline	-1.31%	-44.16%	+42.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.64%	—

Volatility

Volatility by Period

	XOEF	HIBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	53.90%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	68.38%	-55.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.73%	82.50%	-69.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.73%	92.10%	-79.37%

XOEF vs. HIBL - Expense Ratio Comparison

XOEF has a 0.20% expense ratio, which is lower than HIBL's 1.12% expense ratio.

Dividends

XOEF vs. HIBL - Dividend Comparison

XOEF's dividend yield for the trailing twelve months is around 0.80%, less than HIBL's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	1.43%	2.43%	0.82%	0.69%	0.00%	0.06%	0.19%	0.19%
XOEF iShares S&P 500 ex S&P 100 ETF	0.80%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XOEF and HIBL in my portfolio?

XOEF and HIBL have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XOEF or HIBL?

On fees, XOEF is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XOEF or HIBL?

XOEF is cheaper with a 0.20% expense ratio, compared with 1.12% for HIBL.

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

HIBL has the higher dividend yield at 1.43%, compared with 0.80% for XOEF.

What is the main difference between XOEF and HIBL?

XOEF is categorized as S&P 500, while HIBL is Leveraged Equities. XOEF tracks S&P 500 Ex-S&P 100 Select Index, while HIBL tracks S&P 500 High Beta Index (300%). They also come from different issuers: iShares and Direxion. Their fees differ too: 0.20% for XOEF and 1.12% for HIBL.