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ETFs

Direxion Daily S&P 500 High Beta Bear 3X Shares

HIBS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 07 2019
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$18,440,956
AUM
$62,684,482
Associated Index
S&P 500 High Beta Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
-4.95%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-11.80%
n/a
DREYFUS GOVT CASH MAN INS
-33.75%
Invest with HIBS

What is HIBS?

The Daily S&P 500 High Beta Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500 High Beta Index. The S&P 500 High Beta Index (SP5HBIT) is provided by S&P Dow Jones Indices (the Index Provider ). The Index Provider selects 100 securities to include in the Index from the S&P 500 Index that have the highest sensitivity to market movements, or beta over the past 12 months as determined by the Index Provider. Securities with the highest beta are generally the most volatile securities of the S&P 500 Index.

ETFs related toHIBS

ETFs correlated to HIBS include SPXS, SDS, SH

HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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Create your own algorithmic trading strategy with HIBS using Composer

FAQ

HIBS is a US Equities ETF. The Daily S&P 500 High Beta Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500 High Beta Index. The S&P 500 High Beta Index (SP5HBIT) is provided by S&P Dow Jones Indices (the Index Provider ). The Index Provider selects 100 securities to include in the Index from the S&P 500 Index that have the highest sensitivity to market movements, or beta over the past 12 months as determined by the Index Provider. Securities with the highest beta are generally the most volatile securities of the S&P 500 Index.

HIBS tracks the S&P 500 High Beta Index.

No, HIBS is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HIBS is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HIBS is 0.1141%. This is the percent change in the value of HIBS over the most recent 1-month period. The 3-month return on HIBS is 0.1246%. This is the percent change in the value of HIBS over the most recent 3-month period.

The standard deviation of HIBS for the past year is 0.8075%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HIBS include TQQQ, SSO, and TNA.

ETFs correlated to HIBS include SPXS, SDS, and SH.

ETFs that are inversely correlated to HIBS include SPHB, HIBL, and QQQE.

Yes, HIBS is a Inverse (-3x) ETF: This means that HIBS will try to match the performance of S&P 500 High Beta Index, but with 3x the returns.

Yes, HIBS is a Inverse (-3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P 500 High Beta Index, but move 3x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.