HIBL vs SPY
Direxion Daily S&P 500 High Beta Bull 3X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, HIBL or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. HIBL led over 1Y, 3Y and the full window, SPY over 5Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HIBL | SPY |
|---|---|---|
| Expense Ratio | 0.98% | 0.09%Best |
| AUM | $74M | $804.7B |
| Dividend Yield | 1.45% | 0.98% |
| Holdings | 108 | 505 |
| YTD Return | +52.98%Best | +12.47% |
| 1Y Return | +92.82%Best | +17.51% |
| 3Y Return (annualized) | +49.71%Best | +21.18% |
| 5Y Return (annualized) | +11.50% | +12.88%Best |
| Volatility (annualized) | 88.0% | 16.8%Best |
| Max Drawdown | -88.4% | -34.1%Best |
| $10,000 over 5 years | $17,234 | $18,327Best |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Nov 7, 2019 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 7, 2019 to Sep 11, 2026 (6.8 years).
HIBL vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.8 years both funds cover.
HIBL vs SPY Performance
Direxion Daily S&P 500 High Beta Bull 3X ETF (HIBL) is an ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year HIBL returned +92.82% while SPY returned +17.51%. Year to date, HIBL is up 52.98% versus a gain of 12.47% for SPY.
Over three years, HIBL compounded at +49.71% per year against +21.18% for SPY; over five years the annualized figures are +11.50% and +12.88% respectively. Across the full 7-year window we track, HIBL has the edge at +17.73% annualized vs +15.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HIBL has been the more volatile fund, with annualized monthly volatility of 88.0% compared with 16.8% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -88.4% for HIBL and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HIBL charges 0.98% per year while SPY charges 0.09%. On a $10,000 position that is $98 vs $9 annually, a gap of $89 per year that compounds over a long holding period. On income, HIBL currently yields 1.45% against 0.98% for SPY.
Holdings Overlap
At least 33.6% of SPY's money is in holdings HIBL also owns.
Stated as a floor: for HIBL, our book for it covers 88.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
97 positions in common, counted across the 102 positions we hold weights for in HIBL and 504 in SPY, against full books of 108 and 505.
Top Shared Holdings
| Stock | Weight in HIBL | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 0.56% | 7.71% | 7.15% |
| AMZNAmazon.Com Inc | 0.48% | 4.08% | 3.60% |
| AVGOBroadcom Inc | 0.61% | 2.97% | 2.36% |
| MUMicron Technology, Inc. | 1.04% | 1.51% | 0.47% |
| METAMeta Platforms, Inc. | 0.48% | 1.94% | 1.46% |
| AMDAdvanced Micro Devices Inc. | 0.89% | 1.27% | 0.38% |
| TSLATesla Inc | 0.53% | 1.38% | 0.85% |
| AMATApplied Materials, Inc. | 0.85% | 0.65% | 0.20% |
| LRCXLam Research Corp | 0.86% | 0.60% | 0.26% |
| SNDKSandisk Corp/De | 1.10% | 0.32% | 0.78% |
33.6% of SPY is already inside HIBL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, HIBL or SPY?
HIBL has an expense ratio of 0.98% while SPY charges 0.09%. SPY is the cheaper option, by $89 a year on a $10,000 investment.
Which performed better, HIBL or SPY?
Over the past year HIBL returned +92.82% vs +17.51% for SPY, so HIBL leads on 1-year performance. Over the longest common window we track (7 years), HIBL annualized +17.73% vs +15.43% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HIBL or SPY?
HIBL has been the more volatile fund at 88.0% annualized versus 16.8% for SPY. Worst drawdown: HIBL -88.4% vs SPY -34.1%.
Should I hold both HIBL and SPY?
HIBL and SPY have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between HIBL and SPY?
At least 33.6% of SPY's money is in holdings HIBL also owns. Our book for HIBL is partial, so the real figure is this or higher. They hold 97 positions in common, counted across the 102 positions we hold weights for in HIBL and 504 in SPY.
Which pays a higher dividend, HIBL or SPY?
HIBL yields 1.45% while SPY yields 0.98%, so HIBL currently pays the higher dividend yield.
Is SPY better than HIBL?
SPY has a lower expense ratio. HIBL led over 1Y, 3Y and the full window, SPY over 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.