# HIBL (Direxion Daily S&P 500(R) High Beta Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: HIBL returned −10.6% where its own daily promise gave −7.4%, 3.2 points short.

## Key facts

- HIBL, what SPHB did: −0.3%, as of Sep 11, 2026.
- HIBL, what +3 times a day gives: −7.4%, as of Sep 11, 2026.
- HIBL, what the fund returned: −10.6%, as of Sep 11, 2026.
- HIBL, the fund itself cost: −3.2 pts, as of Sep 11, 2026.
- HIBL, net assets: $79m (source, as filed for Apr 30, 2026).
- HIBL, expense ratio: 0.98% (485BPOS XBRL, Feb 26, 2026).

## HIBL over each window to Sep 11, 2026

| Window | Fund | SPHB | +3x the move | Difference | SPHB moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −6.6% | −1.2% | −3.7% | −3.0 pts | 24% |
| 3 months | −10.6% | −0.3% | −0.8% | −9.8 pts | 31% |
| 6 months | +73.7% | +27.7% | +83.1% | −9.4 pts | 30% |
| 1 year | +92.6% | +38.2% | +114.6% | −22.0 pts | 27% |
| 3 years | +234.8% | +105.5% | not meaningful over this window | not meaningful over this window | 26% |
| Since launch | +208.6% | +266.3% | not meaningful over this window | not meaningful over this window | 32% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of SPHB, reset daily | ETFIQ |
| Multiple a holder actually got over the window | SPHB moved −0.3% over this window, too little to read a multiple from | ETFIQ |
| Underlying | SPHB | ETFIQ |
| Segment | broad index, us large cap | ETFIQ |
| Net assets | $79m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.98% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Nov 7, 2019 | ETFIQ |
| Underlying volatility over the window | 31% annualized | ETFIQ |

## Questions

### Did HIBL return +3 times SPHB?

Over the window to Sep 11, 2026, SPHB moved −0.3% and HIBL returned −10.6%. 3 times that move is −0.8%, so the fund came out 9.8 points short of it.

### Why does HIBL not return +3 times over a year?

Because it resets daily. HIBL aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, HIBL, data as of Sep 11, 2026. https://etfiq.com/funds/HIBL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/HIBL  ·  JSON: https://etfiq.com/funds/HIBL.json