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Beacon

HIBLDirexion Daily S&P 500 High Beta Bull 3X Shares

Take a bet6y track recordRanked #233 of 775 in this goal

Seeks daily investment results of 300% of the performance of the S&P 500 High Beta Index.

By Direxion Funds · Launched 2019

Annual Cost

0.98%

#4,853 of 5,562 · expensive

Fund Size

$101M

#2,946 of 5,562 · mid-size

Return (1Y)Goal

+268.2%

Track Record

6 years

#2,002 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$36,644+266.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

S&P 500 High Beta Index

What it actually holds

By weight

Concentration

Top 4 holdings = 4.5% of fund✓ well diversified

SanDisk Corp Ordinary SharesSNDK
1.2%
Super Micro Computer IncSMCI
1.1%
Robinhood Markets Inc Class AHOOD
1.1%
Micron Technology IncMU
1.1%

Asset allocation

Stocks
97.5%
Cash
2.5%

By sector

Technology
46.1%
Industrials
14.8%
Financial Services
13.2%
Consumer Cyclical
12.7%
Healthcare
4.9%
Communication
2.5%
Basic Materials
2.4%
Utilities
2.4%
Other
0.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
71.9%High

Year-on-year price swings

Max drawdown
-88.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.90Decent risk-adjusted returns
Sortino (3Y)
1.32Good downside protection

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 300% of the performance of the S&P 500 High Beta Index.
Strategy
Invests primarily in financial instruments that provide 3x leveraged exposure to the S&P 500 High Beta Index. Designed for daily trading, the fund's performance may differ significantly over longer periods due to compounding effects.
Inception date
November 7, 2019
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19