HIBL
Direxion Daily S&P 500 High Beta Bull 3X Shares
HIBL provides 3x daily leveraged exposure to a beta-weighted index of 100 highest-beta stocks in the S&P 500.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
60.3 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Fund sponsor | Rafferty Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 07, 2019 |
| Assets (mns) | $56 |
| Expense ratio | 99 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 40.4% | 30.8% | 45.0% | 41.9% | 33.2% | -- | -- | 8.7% |
| Dividend Yield | 0.3% | 0.3% | 1.0% | 0.9% | 0.5% | -- | -- | 0.6% |
| Total Returns | 40.8% | 31.1% | 45.9% | 42.8% | 33.8% | -- | -- | 9.2% | Ann. Volatility | 98.4% | 90.0% | 78.3% | 78.7% | 85.0% | -- | -- | 93.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 4.87 | 76% |
| MSCI EAFE | 2.95 | 35% |
| MSCI Emg Mkts | 2.13 | 21% |
Liquidity Measures
| Avg. volume (000) | 64 |
| ADV traded (mns) | $4 |
| Turnover | 6.6% |
| Avg. Bid/Ask (% of price) | 0.14% |
Technical Indicators
| Recent close | $62.49 |
| 30d moving avg. | $54.59 |
| Annualized volatility | 74.9% |
| Relative strength (RSI) | 62 |
| Short interest | 4.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| HIBL (99 bp) Percentile rank | 95 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HIBL | 99.0 | 13.6 | 112.6 |
| Peer Avg. | 48.9 | 19.3 | 68.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .