Key stats
About Direxion Daily S&P 500 High Beta Bear 3X Shares
Expense ratio
1.09%
Home page
Inception date
Nov 7, 2019
HIBS is passively-managed to select thetop100stocks from theS&P 500Indexwith the highest sensitivity to market movements (beta) over the past 12 months and weightseach ofthem based onits calculatedbeta. The fund is designed to deliver 3x inverse exposure to those 100 highest-beta stocks, aiming to provide -300% of the index's return for a one-day period. To achieve its goal, the fund holds swaps, futures, short positions or other financial instruments that, in combination, produce inverse exposure to the index. HIBS gets the added exposure by using short-term financial instrument that are high quality. The index is reviewed and rebalanced quarterly. As a levered product, HIBS is not a buy-and-hold ETF, and should not be expected to provide returns greater than a one-day period.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history