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AIBD vs AIHY

Direxion Daily AI and Big Data Bear 2X ETF

AIBDFNYSE Arca

Defiance AI Hyperscale Leaders ETF

AIHYBNYSE Arca

Overlap

0.0%by weight

Expense ratio

AIHY −0.68pt a year

AIBD1.05%AIHY0.37%

Avg volume · 30D

AIHY 3.2×the volume

AIBD7.38KAIHY23.6K

AIBD vs AIHY Performance

Jul 31, 2026 – Oct 30, 2026

−7.3%AIBD−1.5%AIHY

Jul 31, 2026 to Oct 30, 2026. AIBD −7.3%. AIHY −1.5%. Use the arrow keys to read each point.−20%10%Jul 2026Sep 2026Oct 2026
Expense ratio
AIBD 1.05%
AIHY 0.37%, better
Fund size
AIBD $6M
AIHY $17M
1Y total return
AIBD −17.3%
AIHY No data
Yield (12M)
AIBD 3.66%
AIHY No data
Holdings
AIBD 3
AIHY 13
Avg volume (30D)
AIBD 7.38K sh
AIHY 23.6K sh, better
NAV per share
AIBD $46.34
AIHY $20.01
52W range

ETF.net Grade

AIBD: Cost 0, Risk 9, Mission not scored, Tradability 26, Holdings not scored, Durability 45. AIHY: Cost 90, Risk 73, Mission not scored, Tradability 56, Holdings 25, Durability 41.
Pillar letters and Scores for AIBD, AIHY, with each pillar’s weight
PillarAIBDAIHY
Cost30% weightF0A90Higher
Mission25% weightNot scoredNot scored
Risk15% weightF9A73Higher
Tradability15% weightD26B56Higher
Holdings10% weightNot scoredD25
Durability5% weightC45HigherC41

Rank among Artificial Intelligence funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AIBD and AIHY are both graded against the same 30 Artificial Intelligence funds, so their Grades compare head to head.

Artificial Intelligence⁠

Category · 30 funds
See all 30 ›

AIHY ranks 4th and AIBD 28th of 30 funds in the Artificial Intelligence Category.

  1. Rank 1AQTUMDefiance Quantum ETFScore 79
  2. Rank 1AXAIXXtrackers Artificial Intelligence and Big Data ETFScore 79
  3. Rank 3AARTYiShares Future AI & Tech ETFScore 72
  4. Rank 4BAIHYDefiance AI Hyperscale Leaders ETFScore 67
  5. Rank 5BBAIiShares A.I. Innovation and Tech Active ETFScore 65
  6. Rank 27FNVPSPurePlay Nvidia Ecosystem Picks & Shovels Index ETFScore 24
  7. Rank 28FAIBDDirexion Daily AI and Big Data Bear 2X ETFScore 11
  8. AIMGNot yet graded
  9. TGRZNot yet graded

Our read on each fund

ETF.net Research

AIBDFDirexion Daily AI and Big Data Bear 2X ETF

AIHYBDefiance AI Hyperscale Leaders ETF

In short

AIBD Everyone else on the AI shelf is long. AIBD takes the other side, aiming for 200% of the inverse of a US AI and big data index for a single trading day. A trading tool with a one-day shelf life, not a set-and-forget short.

AIHY No data

Stated mandate

AIBD The Fund seeks daily investment results, before fees and expenses, equal to 200% of the inverse of the Solactive US AI & Big Data Index’s daily performance. It is designed for a single trading day rather than for achieving that multiple over longer periods.

AIHY No data

Why people hold it

  • AIBD The rare bear in an aisle stacked with bulls. It aims for 200% of the inverse of the Solactive US AI & Big Data Index's daily move, in an ordinary ETF wrapper.direxion.com
  • Direxion waives a big slice of the running cost: 1.05% net of a waiver through September 1, 2027, against a 2.64% gross ratio.
  • The short is aimed, not scattershot. The index behind it is a concentrated group of US software, semiconductor and internet names rather than the whole market.sec.govsec.gov 2

AIHY No data

Worth knowing

  • AIBD Returns reset daily. Over weeks, compounding takes over and results can land far from twice the index's inverse move for that stretch, in either direction.sec.gov
  • Its fee runs above what AI funds typically charge (long-only peers XAIX at 0.35%, ARTY at 0.47%), and the fund is thinly traded, so spreads and limit orders matter.
  • Exposure comes largely from total return swaps rather than actual short sales, which brings counterparty exposure and financing costs into the picture.sec.govsec.gov 2

AIHY No data

Full AIBD profile⁠

Full AIHY profile⁠

AIBD vs AIHY Holdings

How AIBD and AIHY differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AIBD and 0.0% of AIHY.

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for AIBD and AIHY.

Country, concentration and asset class

Country by domicile

No country split for AIBD.

Concentration

Weight in the 10 largest Holdings

  • AIBD197.0%
  • AIHY118.7%

Securities held

  • AIBD0
  • AIHY10

Asset class

AIBD
Leveraged/Inverse
AIHY
Equity

Holdings

  • Only in AIBD0
  • In both0
  • Only in AIHY10

Only in AIBD

0 securities, 0.0% of AIBD by weight

Only in AIHY

10 securities, 88.6% of AIHY by weight

  • First American Government Obligations Fund 12/01/203126.19%
  • Microsoft Corp21.60%
  • Meta Platforms Inc19.42%

Weight gaps

AIBD and AIHY share no securities.

All 5 AIBD holdings⁠All 14 AIHY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AIBD vs AIHY Cost

Overpaying AIBD vs AIHY

$11,982

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

  • AIBD 1.05%

    $19,495

  • AIHY 0.37%

    $7,513

$10,000
30 years

Cost over time

  • AIBD 1.05%
  • AIHY 0.37%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AIBD $19,495AIHY $7,513

Year by year

YearAIBDAIHYOverpaying
10$1,847$670$1,177
20$6,927$2,590$4,337
30$19,495$7,513$11,982

Expense ratio

  • 1.05%AIBD
  • 0.37%AIHY, cheaper
  • Middle half of Artificial Intelligence funds
  • Median 0.65%

AIHY 4th cheapest of 30 funds

AIBD 30th cheapest of 30 funds

AIBD vs AIHY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AIBD 3.66%
AIHY No data
Payout (12M)
AIBD $1.88
AIHY None
Last payment
AIBD $0.50
AIHY No data
Ex-dividend
AIBD Sep 22, 2026
AIHY No data
Paid on
AIBD Sep 29, 2026
AIHY No data
Frequency
AIBD Quarterly
AIHY No data

Distribution history

Per share, 2024 to 2026, same scale for both

AIBDQuarterly · 10 paymentsAll AIBD payments⁠
One bar per payment. 10 payments from 2024 to 2026 YTD. Jun 25, 2024 $1.33; Sep 24, 2024 $2.47; Dec 23, 2024 $1.82; Mar 25, 2025 $1.10; Jun 24, 2025 $1.21; Sep 23, 2025 $0.59; Dec 23, 2025 $0.48; Mar 24, 2026 $0.44; Jun 23, 2026 $0.45; Sep 22, 2026 $0.50. Use the arrow keys to read each point.$0$2.502026YTD
AIHYAll AIHY payments⁠

No distribution history available.

AIBD vs AIHY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AIBD 48.5%since Jun 2024AIHY No data
Return per unit of riskSharpe ratio, 3 years
AIBD −1.08since Jun 2024AIHY No data
Worst fallMax drawdown, 5 years
AIBD −83.6%since May 2024AIHY No data
Market sensitivityBeta, 5 years
AIBD −3.32AIHY 0.00

AIBD and AIHY in the news

All news⁠

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