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HIBL vs SOXL

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

HIBLDNYSE Arca

Direxion Daily Semiconductor Bull 3X ETF

SOXLANYSE Arca

Overlap

Expense ratio

SOXL −0.23pt a year

HIBL0.98%SOXL0.75%

Avg volume · 30D

SOXL 1527.7×the volume

HIBL54.5KSOXL83.3M

5Y return · a year

SOXL +0.5pt

HIBL−2.3%SOXL−1.8%

HIBL vs SOXL Performance

Nov 9, 2021 – Nov 9, 2026

−11.0%HIBL−8.6%SOXL

Nov 9, 2021 to Nov 9, 2026. HIBL −11.0%. SOXL −8.6%. Use the arrow keys to read each point.100%200%300%400%Nov 2021May 2024Nov 2026
Expense ratio
HIBL 0.98%
SOXL 0.75%, better
Fund size
HIBL $57M
SOXL $15.2B
1Y total return
HIBL +22.3%
SOXL +34.7%, better
Yield (12M)
HIBL 2.02%, better
SOXL 0.17%
Holdings
HIBL 107
SOXL 44
Avg volume (30D)
HIBL 54.5K sh
SOXL 83.3M sh, better
NAV per share
HIBL $62.86
SOXL $45.99
52W range

ETF.net Grade

HIBL: Cost 38, Risk 31, Mission not scored, Tradability 26, Holdings not scored, Durability 30. SOXL: Cost 100, Risk 28, Mission not scored, Tradability 63, Holdings not scored, Durability 69.
Pillar letters and Scores for HIBL, SOXL, with each pillar’s weight
PillarHIBLSOXL
Cost30% weightD38A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightD31HigherD28
Tradability15% weightD26B63Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD30B69Higher

Rank among 3x Leveraged Long funds

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

Same Category. HIBL and SOXL are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

SOXL ranks 5th and HIBL 23rd of 30 funds in the 3x Leveraged Long Category.

  1. Rank 4ATMFDirexion Daily 20+ Year Treasury Bull 3X ETFScore 75
  2. Rank 5ASOXLDirexion Daily Semiconductor Bull 3X ETFScore 72
  3. Rank 6ACUREDirexion Daily Healthcare Bull 3X ETFScore 71
  4. Rank 22DEURLDirexion Daily FTSE Europe Bull 3X ETFScore 36
  5. Rank 23DHIBLDirexion Daily S&P 500 High Beta Bull 3X ETFScore 33
  6. Rank 23DTYDDirexion Daily 7-10 Year Treasury Bull 3X ETFScore 33

Our read on each fund

ETF.net Research

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

SOXLADirexion Daily Semiconductor Bull 3X ETF

In short

HIBL Most 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.

SOXL A 3x bet on chip stocks that resets every single day. Direxion launched it in 2010, long before AI made semiconductors the market's main event, and it is now one of the most heavily traded leveraged funds out there.

Stated mandate

HIBL 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.

SOXL It is designed to deliver a daily result three times the performance of the NYSE Semiconductor Index, before fees and expenses, with the objective applying for a single day.

Why people hold it

  • HIBL 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
  • SOXL Cheap for the aisle it sits in: 0.75% net of a waiver through September 1, 2027 (0.91% gross), below the category median and under TQQQ's 0.78% net of a waiver through September 30, 2027.
  • The mandate is mechanical: 300% of the NYSE Semiconductor Index's daily move, before fees and expenses, across roughly 40 chip names. No stock picking, no manager discretion.direxion.com
  • A multi-billion-dollar fund that trades very actively, which matters for an instrument designed to be entered and exited inside a single session.
  • Trading since 2010, through several full chip cycles. That is a long run for a 3x product, and one of the stronger setups in its leveraged peer group.

Worth knowing

  • HIBL 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
  • SOXL The 3x target applies to one day only. Daily reset plus compounding means multi-day results can diverge sharply from 3x the index, and choppy markets erode value.direxion.com
  • Semiconductors already swing hard. Tripling the daily move magnifies down days exactly as much as up days, so losses can pile up fast.
  • Roughly 40 stocks in a single US industry. No diversification cushion here, and the index itself has been renamed once (to the NYSE Semiconductor Index in 2023).sec.gov

Full HIBL profile⁠

Full SOXL profile⁠

HIBL vs SOXL 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.

HIBL vs SOXL Cost

Overpaying HIBL vs SOXL

$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%

    $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

Expense ratio

  • 0.98%HIBL
  • 0.75%SOXL, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

SOXL cheapest of 30 funds

HIBL 18th cheapest of 30 funds

HIBL vs SOXL Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
HIBL 2.02%, better
SOXL 0.17%
Payout (12M)
HIBL $1.49
SOXL $0.09
Last payment
HIBL $0.07
SOXL $0.09
Ex-dividend
HIBL Jun 23, 2026
SOXL Sep 22, 2026
Paid on
HIBL Jun 30, 2026
SOXL Sep 29, 2026
Frequency
HIBL Twice a year
SOXL Annual

Distribution history

Per share, 2017 to 2026, same scale for both

HIBLTwice a year · 15 paymentsAll HIBL payments⁠
One bar per payment. 15 payments from 2017 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.$0$12017202020232026YTD
SOXLAnnual · 29 paymentsAll SOXL payments⁠
One bar per payment. 29 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.0081; Jun 19, 2018 $0.02; Sep 25, 2018 $0.03; Dec 27, 2018 $0.02; Mar 19, 2019 $0.02; Jun 25, 2019 $0.01; Sep 24, 2019 $0.02; Dec 23, 2019 $0.02; Mar 24, 2020 $0.0053; Jun 23, 2020 $0.0063; Dec 22, 2020 $0.0034; Mar 23, 2021 $0.02; Dec 21, 2021 $0.01; Mar 22, 2022 $0.0072; Jun 22, 2022 $0.02; Sep 20, 2022 $0.04; Dec 20, 2022 $0.04; Mar 21, 2023 $0.03; Jun 21, 2023 $0.04; Sep 19, 2023 $0.03; Dec 21, 2023 $0.06; Mar 19, 2024 $0.04; Jun 25, 2024 $0.15; Sep 24, 2024 $0.06; Dec 23, 2024 $0.08; Mar 25, 2025 $0.06; Jun 24, 2025 $0.07; Sep 23, 2025 $0.01; Sep 22, 2026 $0.09. Use the arrow keys to read each point.$0$12017202020232026YTD

HIBL vs SOXL Risk

Fall from peak · 5 years

  • HIBL
  • SOXL
Nov 9, 2021 to Nov 9, 2026. Worst fall: SOXL −90.5% · Oct 2022. Use the arrow keys to read each point.−100%−75%−50%−25%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
HIBL 71.5%, betterSOXL 137.2%
Return per unit of riskSharpe ratio, 3 years
HIBL 0.92, betterSOXL 0.90
Worst fallMax drawdown, 5 years
HIBL −81.2%, betterSOXL −90.5%
Market sensitivityBeta, 5 years
HIBL 4.49SOXL 7.64

HIBL and SOXL in the news

All news⁠

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