HIBL vs SPY
Direxion Daily S&P 500 High Beta Bull 3X ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. HIBL delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HIBL | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.98% | 0.09% | |
| AUM | $94M | $821.1B | |
| Dividend Yield | 1.61% | 1.01% | |
| Holdings | 108 | 505 | |
| YTD Return | +56.68% | +12.68% | |
| 1Y Return | +134.66% | +21.82% | |
| 3Y Return (annualized) | +52.30% | +21.98% | |
| 5Y Return (annualized) | +13.32% | +12.89% | |
| Volatility (annualized) | 88.7% | 15.3% | |
| Max Drawdown | -88.4% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Nov 7, 2019 | Jan 22, 1993 |
HIBL vs SPY Performance
Direxion Daily S&P 500 High Beta Bull 3X ETF (HIBL) is a ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year HIBL returned +134.66% while SPY returned +21.82%. Year to date, HIBL is up 56.68% versus a gain of 12.68% for SPY.
Over three years, HIBL compounded at +52.30% per year against +21.98% for SPY; over five years the annualized figures are +13.32% and +12.89% respectively. Across the full 7-year window we track, HIBL has the edge at +18.31% annualized vs +8.81%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HIBL has been the more volatile fund, with annualized monthly volatility of 88.7% compared with 15.3% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 1.61% against 1.01% for SPY.
Holdings Overlap
HIBL and SPY share 97 holdings out of 510 unique holdings combined, representing a 18.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $89 per year of difference.
Which performed better, HIBL or SPY?
Over the past year HIBL returned +134.66% vs +21.82% for SPY, so HIBL leads on 1-year performance. Over the longest common window we track (7 years), HIBL annualized +18.31% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, HIBL or SPY?
HIBL has been the more volatile fund at 88.7% annualized versus 15.3% for SPY. Worst drawdown: HIBL -88.4% vs SPY -56.5%.
Should I hold both HIBL and SPY?
HIBL and SPY have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HIBL and SPY?
HIBL and SPY share 97 common holdings with a 18.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, HIBL or SPY?
HIBL yields 1.61% while SPY yields 1.01%, so HIBL currently pays the higher dividend yield.
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