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ETFs

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

HIBS
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Nov 7, 2019
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$18,440,956
AUM
$62,684,482
Associated Index
S&P 500 High Beta Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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GOLDMAN SACHS FIN GOV 465 INSTITUT
-4.95%
—
GOLDMAN FINL SQ TRSRY INST 506
-11.8%
—
DREYFUS GOVT CASH MAN INS
-33.75%
Invest with HIBS
Trade HIBS Options

What is HIBS?

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.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

HIBS
Performance Measures**

for the time period Nov 7, 2019 to Dec 4, 2025

Returns

1M Trailing Return: -12.6%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -28.2%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -99.9%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 91.2%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.63

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.63

The annualized return divided by the max drawdown for the selected time period.

ETFs related toHIBS

ETFs correlated to HIBS include SPXS, SDS, SH

HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares

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.

Trading Strategies
Related toHIBS

V1a Simple Portfolio (UVXY) + BB V3.0.4.2A merged with v4 Pops and V1 New SOXL + BB V3.0.4.2a merged with v2 TEC/SOX/HIB Baller - UVXY and V1 New SOXL Baller

Category

Tactical allocation, volatility hedge, mean reversion, trend following, leveraged ETFs, risk-on/risk-off, multi-asset

OOS Cumulative Return

440.67%

V1a Simple Portfolio (UVXY) + BB V3.0.4.2A merged with v4 Pops and V1 New SOXL + BB V3.0.4.2a merged with v2 TEC/SOX/HIB Baller - UVXY and V1 New SOXL Baller

Category

Market timing, leveraged ETFs, volatility hedge, tech/semis momentum, mean reversion, trend filter, risk-on/risk-off, sector rotation

OOS Cumulative Return

440.67%

Create your own algorithmic trading strategy with HIBS using Composer

FAQ

HIBS 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.

HIBS tracks the S&P 500 High Beta Index.

No, HIBS 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, HIBS 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 HIBS is 0.1141%. This is the percent change in the value of HIBS over the most recent 1-month period. The 3-month return on HIBS is 0.1246%. This is the percent change in the value of HIBS over the most recent 3-month period.

The standard deviation of HIBS for the past year is 0.8075%. 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 HIBS include TQQQ, SSO, and TNA.

ETFs correlated to HIBS include SPXS, SDS, and SH.

ETFs that are inversely correlated to HIBS include SPHB, HIBL, and QQQE.

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

Yes, HIBS is a Inverse (-3x) leveraged ETF: This means that HIBS 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.