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Launched · SEC filings

Direxion Daily S&P 500 High Beta Bull 3X ETF

HIBLNYSE ArcaDirexionDThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$70.06−3.48 (−4.73%)

As of Nov 10, 2026, 11:25 AM ET

D33/ 100

Rank 24 of 31 in 3x Leveraged Long

D33/100Rank 24 of 31in3x Leveraged Long
Intraday session: down, 24 prints from 73.53 to 70.06. Range 69.20 to 73.05. Use the arrow keys to read each point.69.0071.0072.0073.0010 AM12 PM2 PM4 PM
Expense ratio
0.98%*
Fund size
$57M
1Y total return
+22.3%
Yield · Last 12 months
2.02%
Holdings
107
Avg volume · 30D
54.5K sh
52W range
low $46.94high $138.11
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 1.01%.

The ETF.net HIBL Grade

Based on 4 of 6 pillars

D

Score 33 out of 100

Category
3x Leveraged Long⁠
Rank
24 of 31
Six-pillar profile for HIBL. Scores out of 100: Cost 38, Risk 31, Mission not scored, Tradability 26, Holdings not scored, Durability 30. Strongest: Cost (38). Weakest: Tradability (26). Based on 4 of 6 pillars.

Score 33 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D38 out of 100
    Rank 17 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D31 out of 100
    Rank 27 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D26 out of 100
    Rank 29 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D30 out of 100
    Rank 26 of 31

Our read on HIBL

ETF.net Research

In short

DMost 3x funds lever a sector you can name. HIBL levers a factor: the 100 jumpiest stocks in the S&P 500, weighted by how hard they swing, then geared to 300% of that index's daily move.

Stated mandate

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

  • S&P picks the 100 S&P 500 names with the highest beta over the past year and weights them by that beta, so the roster rotates as market sensitivity moves.sec.govspglobal.com
  • 0.98% net of a waiver through September 1, 2027 (1.01% gross) sits near the 3x category median, though SOXL (0.75% net of a waiver through September 1, 2027) runs cheaper.
  • The filings are blunt: the 300% target applies to one day only and is not meant to deliver 3x the index over longer stretches.direxion.com
  • Trading since 2019, with a bear twin (HIBS) targeting -300% of the same index for the other side of the trade.direxion.com

Worth knowing

  • Leverage on leverage. A high-beta basket already swings harder than the S&P 500, and the daily reset means choppy stretches can grind returns down.sec.gov
  • One of the smaller, less actively traded funds in the 3x lineup, so spreads and trading costs matter more than with the headline names.
  • The reference index is a factor cut of the S&P 500, so it can behave quite differently from the index itself before any leverage is applied.spglobal.com

HIBL Performance

Launched Nov 7, 2019

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
HIBL$12,231
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. HIBL $12,231. SPY $11,339. Use the arrow keys to read each point.$10,000$15,000$20,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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.

Trailing total return for HIBL. Periods over one year show the average yearly return.
PeriodHIBL
Year to date+12.0%
1 month−36.8%
3 months−32.0%
1 year+22.3%
3 yearsper year+48.2%
5 yearsper year−2.3%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HIBL
YearReturn barHIBL
2026 YTD+12.0%
2025+60.2%
2024−0.4%
2023+81.0%

HIBL in the news

HIBL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
2.02%Last 12 months
Payout per share
$1.49Last 12 months
Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2019–2026

One bar per payment. 15 payments from 2019 to 2026 YTD. Dec 23, 2019 $0.08; Mar 24, 2020 $0.06; Mar 23, 2021 $0.0064; Jun 22, 2021 $0.04; Mar 21, 2023 $0.04; Jun 21, 2023 $0.07; Sep 19, 2023 $0.07; Dec 21, 2023 $0.11; Mar 19, 2024 $0.15; Jun 25, 2024 $0.12; Sep 24, 2024 $0.07; Mar 25, 2025 $0.08; Jun 24, 2025 $0.11; Dec 10, 2025 $1.41; Jun 23, 2026 $0.07. Use the arrow keys to read each point.20192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 23, 2026Jun 30, 2026$0.07
Dec 10, 2025Dec 17, 2025$1.41
Jun 24, 2025Jul 1, 2025$0.11
Mar 25, 2025Apr 1, 2025$0.08
Sep 24, 2024Oct 1, 2024$0.07
Jun 25, 2024Jul 2, 2024$0.12
Mar 19, 2024Mar 26, 2024$0.15
Dec 21, 2023Dec 29, 2023$0.11
Sep 19, 2023Sep 26, 2023$0.07
Jun 21, 2023Jun 28, 2023$0.07
Mar 21, 2023Mar 28, 2023$0.04
Jun 22, 2021Jun 29, 2021$0.04

See all 15 payments⁠

$10,000 in HIBL 5 years ago paid $276 in dividends.⁠

HIBL Risk

Risk pillarD31 out of 100Rank 27 of 31 in 3x Leveraged Long

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.

How much the fund’s monthly returns vary, scaled to a year.
71.5%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.92
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−81.2%
Trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
4.49
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

HIBL Cost

Compare HIBL and SOXL

Overpaying vs SOXL, cheapest in 3x Leveraged Long

$3,880

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HIBL 0.98%

    $18,362

  • SOXL 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • HIBL 0.98%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530HIBL $18,362SOXL $14,482

Year by year

YearHIBLSOXLOverpaying
10$1,729$1,336$393
20$6,504$5,078$1,426
30$18,362$14,482$3,880
How the 0.98% is worked out

Full fee 1.01%− waiver 0.03%= you pay 0.98%

The waiver ends Sep 1, 2027. After that the fee is 1.01% unless Direxion renews it. Source: prospectus, Mar 2026.

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