Direxion Daily S&P 500 High Beta Bull 3X ETF
$112.61−3.25 (−2.81%)
- Expense ratio
- 1.01%
- Fund size
- $71M
- 1Y return
- +92.3%
- Yield · Last 12 months
- 1.28%
- Holdings
- 106
- Volume · 30D
- 0.1M sh
- NAV per share
- $99.27
- 52W range
The ETF.net HIBL Grade
Score 38 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 42Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 44Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 28Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 33Category rank
Our read on HIBL
DMost 3x funds amplify a whole index. HIBL narrows first, targeting the S&P 500's highest-beta corner, then aims for 300% of that basket's move in a single day. Leverage stacked on top of twitch.
The fund seeks daily investment results equal to 300% of the performance of the S&P 500 High Beta Index, before fees and expenses. Its objective applies for a single day and is not intended to provide three times the index's cumulative return over longer periods.
Why people hold it
- The mandate leaves nothing to interpretation: 300% of the S&P 500 High Beta Index for one day, reset daily. No manager discretion in the middle.
- Runs at 1.01% a year, a shade under the typical leveraged bull fund. Not cheap in absolute terms, but competitive for the aisle it sits in.
- About 100 S&P 500 members underneath. The jumpiness comes from which large-cap stocks get selected, not from wandering into a different asset class.
- Live since 2019, part of a matched bull/bear pair at Direxion, and it grades in the upper half of a crowded 100-plus leveraged bull field.direxion.com
Worth knowing
- Daily reset math: hold longer than a day and results can drift from three times the index's cumulative move, most visibly in choppy markets.
- High beta already swings harder than the index, and the 3x multiplier applies to down days with the same force as up days.
- Moderately traded and not among the category's largest funds, so spreads and order sizing are worth a look before entering.
HIBL Holdings
- Stocks
- 106
- 85%
- SP5HBI SWAP ASSET LEG (SP5HBIJPL)
Sectors
- Technology50.0%
- Industrials14.3%
- Financials11.2%
- Consumer Discr.9.0%
- Health Care4.3%
- Materials4.1%
- Communication3.3%
- Utilities2.3%
- Cons. Staples0.8%
- Energy0.8%
Geography
- United States95.51%
- Ireland2.27%
- Netherlands0.93%
- Switzerland0.70%
- Canada0.59%
HIBL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HIBL |
|---|---|
| Year to date | +76.5% |
| 1 month | +6.9% |
| 3 months | −15.4% |
| 1 year | +92.3% |
| 3 years | +63.1% |
| 5 years | +14.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HIBL |
|---|---|---|
| 2026 YTD | +76.5% | |
| 2025 | +60.2% | |
| 2024 | −0.4% | |
| 2023 | +81.0% | |
| 2022 | −68.2% | |
| 2021 | +129.1% | |
| 2020 | −25.0% |
HIBL in the news
ETF.net Research hasn’t filed on HIBL yet — coverage lands here as it’s written.
HIBL Dividends
- 1.28%
- $1.49
- $0.07 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2026 | Jun 30, 2026 | $0.07 |
| Dec 10, 2025 | Dec 17, 2025 | $1.41 |
| Jun 24, 2025 | Jul 1, 2025 | $0.11 |
| Mar 25, 2025 | Apr 1, 2025 | $0.08 |
| Sep 24, 2024 | Oct 1, 2024 | $0.07 |
| Jun 25, 2024 | Jul 2, 2024 | $0.12 |
| Mar 19, 2024 | Mar 26, 2024 | $0.15 |
| Dec 21, 2023 | Dec 29, 2023 | $0.11 |
| Sep 19, 2023 | Sep 26, 2023 | $0.07 |
| Jun 21, 2023 | Jun 28, 2023 | $0.07 |
| Mar 21, 2023 | Mar 28, 2023 | $0.04 |
| Jun 22, 2021 | Jun 29, 2021 | $0.04 |
HIBL Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 73.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.77
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −81.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 4.95
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HIBL Cost
- The middle half of 3x Leveraged Long funds
- Median 0.98%
16 of the 30 3x Leveraged Long funds charge less.