{"url":"https://etfiq.com/compare/leverage/hibl-vs-hibs","section":"compare","title":"HIBL vs HIBS: which held to its multiple? | ETFIQ","description":"HIBL sets out to return +3 times SPHB each day and HIBS -3 times. Over the three months to Sep 30, 2026 they finished \u22127.4 pts and \u22128.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, HIBL or HIBS?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, HIBL finished 7.4 points from what its multiple implies and HIBS finished 8.5 points from its own, so HIBL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are HIBL and HIBS levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Invesco S&P 500 High Beta ETF, HIBL at +3 times and HIBS at -3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, HIBL or HIBS?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window HIBL\u2019s moved at 28% annualized and HIBS\u2019s at 28%, so HIBL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold HIBL or HIBS for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, HIBL or HIBS?","acceptedAnswer":{"@type":"Answer","text":"HIBL charges 0.98% a year and HIBS charges 1.06%, so HIBL is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"HIBL vs HIBS","item":"https://etfiq.com/compare/leverage/hibl-vs-hibs"}]},{"@type":"WebPage","name":"HIBL vs HIBS: which held to its multiple?","description":"HIBL sets out to return +3 times SPHB each day and HIBS -3 times. Over the three months to Sep 30, 2026 they finished \u22127.4 pts and \u22128.5 pts away.","url":"https://etfiq.com/compare/leverage/hibl-vs-hibs","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, HIBL finished 1.7 points short and HIBS 3.2 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of HIBL and HIBS","description":"HIBL sets out to return +3 times SPHB each day and HIBS -3 times. Over the three months to Sep 30, 2026 they finished \u22127.4 pts and \u22128.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/hibl-vs-hibs","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7089,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / HIBL vs HIBS \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n HIBL vs HIBS: which held to its multiple?\n\n Over three months against its own daily promise, HIBL finished 1.7 points short and HIBS 3.2 points over.\n Copy this for sharing \n \n Direxion Daily S&P 500(R) High Beta Bull 3X ETF and Direxion Daily S&P 500(R) High Beta Bear 3X ETF.\n\n Download as PDF \n\n \u221210.2% HIBL returned, 3 months \n \u22125.7% HIBS returned, 3 months \n \u22127.4 pts HIBL from its stated multiple \n \u22128.5 pts HIBS from its stated multiple \n\n ETFIQ Decay Resistance Score","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/hibl-vs-hibs","a":{"ticker":"HIBL","name":"Direxion Daily S&P 500(R) High Beta Bull 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: HIBL returned \u221210.2% where its own daily promise gave \u22128.6%, 1.7 points short.","url":"https://etfiq.com/funds/hibl","key_facts":[{"label":"What SPHB did","value":"\u22120.9%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u22128.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221210.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$78m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.98%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"HIBS","name":"Direxion Daily S&P 500(R) High Beta Bear 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: HIBS returned \u22125.7% where its own daily promise gave \u22128.9%, 3.2 points over.","url":"https://etfiq.com/funds/hibs","key_facts":[{"label":"What SPHB did","value":"\u22120.9%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"\u22128.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22125.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+3.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$21m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.06%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/hibl-vs-hibs"}