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TZA vs HIBL
Direxion Daily Small Cap Bear 3X Shares vs Direxion Daily S&P 500 High Beta Bull 3X Shares
Key differences
- TZA is significantly larger than HIBL — larger funds tend to be more liquid and less likely to close.
- TZA follows a inverse strategy; HIBL uses leveraged.
- Over the last 3 years, HIBL has delivered higher annualized returns.
- TZA has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| TZA | HIBL | |
|---|---|---|
| Annual cost (TER) | 0.99% | 0.98% |
| Fund size (AUM) | $270M | $83M |
| Since | 2008 | 2019 |
| Dividend yield | 4.33% | 1.66% |
| Asset class | equity | equity |
| Region | north america | north america |
| Strategy | inverse | leveraged |
| CAGR 1Y | -67.4% | +242.4% |
| CAGR 3Y | -46.0% | +60.5% |
| CAGR 5Y | -30.9% | +8.7% |
| Sharpe 3Y | -0.70 | 0.96 |
| Volatility 1Y | 57.16% | 66.14% |
| Max drawdown | -99.70% | -88.27% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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