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

Take a bet6y track recordRanked #226 of 949 in this goal

Seeks daily investment results of 300% of the daily performance of the Index.

By Direxion Funds · Launched 2019

Annual Cost

0.98%

#5,063 of 5,854 · expensive

Fund Size

$107M

#2,925 of 5,854 · mid-size

Return (1Y)Goal

+82.4%

Track Record

6 years

#1,959 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$19,335+93.4%

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

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

DREYFUS GOVERNMENT CASH MANAGE
24.2%
N/A
12.8%
GOLDMAN FINANCIAL
8.0%
N/A
6.3%
N/A
5.2%
GOLDMAN SACHS LIQ ES FD A
5.2%
N/A
1.5%
ADVANCED MICRO DEVICES INC
1.2%
DELL TECHNOLOGIES INC
1.1%
Monolithic Power Systems Inc.
1.1%

Asset allocation

Stocks
97.8%
Cash
2.2%

By sector

Technology
46.6%
Industrials
15.8%
Financial Services
12.4%
Consumer Cyclical
12.4%
Healthcare
5.6%
Utilities
2.3%
Basic Materials
2.1%
Communication
2.1%
Other
0.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
79.0%High

Year-on-year price swings

Max drawdown
-88.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.70Decent risk-adjusted returns
Sortino (3Y)
1.02Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 300% of the daily performance of the Index.
Strategy
Invests primarily in financial instruments to achieve 3X daily leveraged exposure to the Index, which consists of high beta securities from the S&P 500. The Fund employs daily rebalancing to maintain its target exposure, resulting in high portfolio turnover.
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

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

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

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 2026-08-04