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HIBS vs TZA

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

HIBS

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

Direxion Funds

Annual cost

1.06%

Fund size

$19M

TZA

Direxion Daily Small Cap Bear 3X Shares

Direxion Funds

Annual cost

0.99%

Fund size

$270M

Key differences

  • TZA costs 0.07% less per year.
  • TZA is significantly larger than HIBS — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, TZA has delivered higher annualized returns.
  • TZA has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

HIBSTZA
Annual cost (TER)1.06%0.99%
Fund size (AUM)$19M$270M
Since20192008
Dividend yield7.92%4.33%
Asset classequityequity
Regionnorth americanorth america
Strategyinverseinverse
CAGR 1Y-80.6%-67.4%
CAGR 3Y-62.8%-46.0%
CAGR 5Y-52.3%-30.9%
Sharpe 3Y-0.97-0.70
Volatility 1Y67.54%57.16%
Max drawdown-99.98%-99.70%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to HIBS and TZA