Direxion Daily S&P 500 High Beta Bull 3X ETF
DThis 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.
$108.02−1.65 (−1.50%)
- 1.01%
- $83M
- +105.4%
- 1.36%
- 0.1M sh
- $116.67
- low $46.94high $138.11
The ETF.net HIBL Grade
D
Score 38 out of 100
- 21 of 31
Score 38 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.C42 out of 100Rank 18 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 17 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D28 out of 100Rank 27 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D32 out of 100Rank 26 of 31
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
- 107
- 81%
- SP5HBI Swap Asset Leg (SP5HBIJPL)
Sectors
- Technology53.2%
- Industrials14.1%
- Financials9.6%
- Consumer Discretionary8.5%
- Health Care4.8%
- Communication3.1%
- Materials3.0%
- Utilities2.3%
- Consumer Staples0.8%
- Energy0.6%
Geography
- United States94.01%
- Ireland2.74%
- Singapore1.10%
- Netherlands0.90%
- Switzerland0.70%
- Canada0.55%
HIBL Performance
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$20,544
Returns run to the Oct 12, 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 | +67.1% |
| 1 month | +3.6% |
| 3 months | −5.1% |
| 1 year | +105.4% |
| 3 years | +60.9% |
| 5 years | +11.7% |
| 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 | +67.1% | |
| 2025 | +60.2% | |
| 2024 | −0.4% | |
| 2023 | +81.0% | |
| 2022 | −68.2% | |
| 2021 | +129.1% | |
| 2020 | −25.0% |
HIBL in the news
HIBL Dividends
- 1.36%
- $1.49
- $0.07 per share
- Twice a year
Distribution history
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.
- 71.1%
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.
- 0.93
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
1.01%
HIBL1.01%
- The middle half of 3x Leveraged Long funds
- Median 0.98%
16 of the 30 3x Leveraged Long funds charge less.
Other funds in 3x Leveraged Long
- CTNADirexion Daily Small Cap Bull 3X ETFExpense ratio 1.07%1 year return +35.1%
- DEURLDirexion Daily FTSE Europe Bull 3X ETFExpense ratio 1.05%1 year return +15.4%
- DTYDDirexion Daily 7-10 Year Treasury Bull 3X ETFExpense ratio 1.08%1 year return −20.7%
- DEDCDirexion Daily MSCI Emerging Markets Bull 3X SharesExpense ratio 1.12%1 year return +60.9%
- DWANTDirexion Daily Consumer Discretionary Bull 3X ETFExpense ratio 1.03%1 year return −21.8%