Data as of .
HIBL vs HIBS: which held to its multiple?
Over three months against its own daily promise, HIBL finished 3.2 points short and HIBS 3.2 points over.
ETFIQ Decay Resistance Score: HIBS scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| HIBL | HIBS | HIBL | HIBS | HIBL | HIBS | |
| 1 month | −6.6% | +1.9% | −3.7% | +3.7% | −3.0 pts | −1.8 pts |
| 3 months | −10.6% | −9.0% | −0.8% | +0.8% | −9.8 pts | −9.8 pts |
| 6 months | +73.7% | −61.3% | +83.1% | −83.1% | −9.4 pts | +21.9 pts |
| 1 year | +92.6% | −72.1% | +114.6% | −114.6% | −22.0 pts | +42.5 pts |
| 3 years | +234.8% | −94.8% | not meaningful | not meaningful | not meaningful | not meaningful |
| Since launch | +208.6% | −100.0% | not meaningful | not meaningful | not meaningful | not meaningful |
| HIBL Direxion Daily S&P 500(R) High Beta Bull 3X ETF Aims to return three times the daily move of S&P 500 High Beta (SPHB) | HIBS Direxion Daily S&P 500(R) High Beta Bear 3X ETF Aims to return three times the opposite of the daily move of S&P 500 High Beta (SPHB) | |
|---|---|---|
| Issuer | Direxion | Direxion |
| Sets out to return | +3x | -3x |
| On | SPHB | SPHB |
| Segment | us large cap | us large cap |
| Fund returned, 3 months | −10.6% | −9.0% |
| Underlying returned, 3 months | −0.3% | −0.3% |
| What the stated multiple implies, 3 months | −0.8% | +0.8% |
| Difference from stated, 3 months | −9.8 pts | −9.8 pts |
| Fund returned, 1 year or since launch | +92.6% | −72.1% |
| Difference from stated, over that window | −22.0 pts | +42.5 pts |
| Underlying volatility | 31% | 31% |
| Expense ratio | 0.98% | 1.06% |
| Launched | Nov 7, 2019 | Nov 7, 2019 |
HIBL in plain words
Three months to Sep 11, 2026: HIBL returned −10.6% where its own daily promise gave −7.4%, 3.2 points short. Read the multiple against the whole window instead and +3 times SPHB's −0.3% implies −0.8%, which makes HIBL look 9.8 points short. 6.6 of that is daily compounding, which happens to any +3 times fund over the same path, and the rest is the fund. HIBL aims to return +3 times SPHB's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +3 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. SPHB moved at 31% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
HIBS in plain words
Three months to Sep 11, 2026: HIBS returned −9.0% where its own daily promise gave −12.3%, 3.2 points over. Read the multiple against the whole window instead and −3 times SPHB's −0.3% implies +0.8%, which makes HIBS look 9.8 points short. 13.0 of that is daily compounding, which happens to any −3 times fund over the same path, and the rest is the fund. HIBS aims to return -3 times SPHB's move each day, then resets. Over longer, the daily results compound, so the total is not -3 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, HIBL or HIBS?
- Over the window to Sep 11, 2026, HIBL finished 9.8 points from what its multiple implies and HIBS finished 9.8 points from its own, so HIBS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are HIBL and HIBS levered on the same thing?
- Yes. Both are levered on S&P 500 High Beta, HIBL at +3 times and HIBS at -3 times the daily move.
- Which one decays faster, HIBL or HIBS?
- Decay follows how much the underlying moves about. Over this window HIBL’s moved at 31% annualized and HIBS’s at 31%, so HIBL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold HIBL or HIBS for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, HIBL or HIBS?
- HIBL charges 0.98% a year and HIBS charges 1.06%, so HIBL is cheaper. Fees come from each fund's prospectus.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, HIBL against HIBS, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/HIBL-HIBS Free to use with attribution; the underlying files are at Open data.