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ETFs

Direxion Daily S&P 500 High Beta Bull 3X Shares

HIBL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 07 2019
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$4,554,247
AUM
$70,075,387
Associated Index
S&P 500 High Beta Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with HIBL

What is HIBL?

The Daily S&P 500 High Beta Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500 High Beta Index. The S&P 500 High Beta Index (SP5HBIT) is provided by S&P Dow Jones Indices (the Index Provider ). The Index Provider selects 100 securities to include in the Index from the S&P 500 Index that have the highest sensitivity to market movements, or beta over the past 12 months as determined by the Index Provider. Securities with the highest beta are generally the most volatile securities of the S&P 500 Index.

ETFs related toHIBL

ETFs correlated to HIBL include SPHB, IWP, QQQJ

HIBL
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bull 3X Shares
SPHB
Invesco Capital Management LLC - Invesco S&P 500 High Beta ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares
QGRO
American Century ETF Trust - American Century U.S. Quality Growth ETF
QQEW
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Equal Weighted Index Fund
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
FXL
First Trust Exchange-Traded Fund III - First Trust Technology AlphaDEX Fund
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHIBL

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HIBL using Composer

FAQ

HIBL is a US Equities ETF. The Daily S&P 500 High Beta Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500 High Beta Index. The S&P 500 High Beta Index (SP5HBIT) is provided by S&P Dow Jones Indices (the Index Provider ). The Index Provider selects 100 securities to include in the Index from the S&P 500 Index that have the highest sensitivity to market movements, or beta over the past 12 months as determined by the Index Provider. Securities with the highest beta are generally the most volatile securities of the S&P 500 Index.

HIBL tracks the S&P 500 High Beta Index.

No, HIBL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HIBL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HIBL is 0.0522%. This is the percent change in the value of HIBL over the most recent 1-month period. The 3-month return on HIBL is -0.128%. This is the percent change in the value of HIBL over the most recent 3-month period.

The standard deviation of HIBL for the past year is 0.9691%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HIBL include SSO, SOXL, and QLD.

ETFs correlated to HIBL include SPHB, IWP, and QQQJ.

ETFs that are inversely correlated to HIBL include HIBS, SPXU, and SPXS.

Yes, HIBL is a Leveraged (3x) ETF: This means that HIBL will try to match the performance of S&P 500 High Beta Index, but with 3x the returns.

Yes, HIBL is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P 500 High Beta Index, but move 3x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.