HIBS vs VYM
Direxion Daily S&P 500 High Beta Bear 3X ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | HIBS | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.04% | |
| AUM | $18M | $81.6B | |
| Dividend Yield | 7.68% | 2.24% | |
| Holdings | 8 | 616 | |
| YTD Return | -58.37% | +14.66% | |
| 1Y Return | -75.37% | +22.16% | |
| 3Y Return (annualized) | -62.48% | +18.72% | |
| 5Y Return (annualized) | -55.63% | +12.18% | |
| Volatility (annualized) | 74.5% | 14.6% | |
| Max Drawdown | -100.0% | -58.8% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 7, 2019 | Nov 10, 2006 |
HIBS vs VYM Performance
Direxion Daily S&P 500 High Beta Bear 3X ETF (HIBS) is a ETF from Direxion Shares ETF Trust and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year HIBS returned -75.37% while VYM returned +22.16%. Year to date, HIBS is down 58.37% versus a gain of 14.66% for VYM.
Over three years, HIBS compounded at -62.48% per year against +18.72% for VYM; over five years the annualized figures are -55.63% and +12.18% respectively. Across the full 7-year window we track, VYM has the edge at +7.01% annualized vs -67.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HIBS has been the more volatile fund, with annualized monthly volatility of 74.5% compared with 14.6% for VYM. 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 -100.0% for HIBS and -58.8% for VYM. 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 -0.74. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HIBS charges 1.06% per year while VYM charges 0.04%. On a $10,000 position that is $106 vs $4 annually, a gap of $102 per year that compounds over a long holding period. On income, HIBS currently yields 7.68% against 2.24% for VYM.
Holdings Overlap
HIBS and VYM share 0 holdings out of 606 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HIBS or VYM?
HIBS has an expense ratio of 1.06% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $102 per year of difference.
Which performed better, HIBS or VYM?
Over the past year HIBS returned -75.37% vs +22.16% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (7 years), HIBS annualized -67.85% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, HIBS or VYM?
HIBS has been the more volatile fund at 74.5% annualized versus 14.6% for VYM. Worst drawdown: HIBS -100.0% vs VYM -58.8%.
Should I hold both HIBS and VYM?
HIBS and VYM have a monthly-return correlation of -0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HIBS and VYM?
HIBS and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 606 unique securities.
Which pays a higher dividend, HIBS or VYM?
HIBS yields 7.68% while VYM yields 2.24%, so HIBS currently pays the higher dividend yield.
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