Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) Performance
HIBS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −53.7% since Dec 31, 2025
- 1 year
- −59.0% total return
- 5 years
- −51.0% a year
- Since first price
- −66.1% a year since 2019
HIBS trailing returns vs SPY, QQQ, AGG
| Period | HIBS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +34.4% | +34.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.6% | +4.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −26.1% | −27.6% | +7.8% | +8.4% | −1.5% |
| YTD | −53.7% | −55.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −59.0% | −60.7% | +14.4% | +15.9% | −1.1% |
| 3 years | −95.4%−64.2%/yr | −96.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −97.2%−51.0%/yr | −97.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 7, 2019 | −99.9%−66.1%/yr | −99.95% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: HIBS vs SPY
From Nov 7, 2019: HIBS grew to $5, SPY to $27,254.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HIBS returns by calendar year
0 of 6 full years positive. Best 2022 (−7.6%), worst 2020 (−91.6%). 2026 is year to date.
HIBS annual returns table
| Year | HIBS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −53.7% | −71.3% | +12.3% | +15.1% | −1.0% |
| 2025 | −72.4% | −87.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −26.6% | −48.4% | +24.9% | +25.6% | +1.3% |
| 2023 | −62.9% | −64.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.6% | −58.4% | −18.2% | −32.6% | −13.0% |
| 2021 | −75.3% | −77.9% | +28.7% | +27.4% | −1.8% |
| 2020 | −91.6% | −97.5% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
HIBS largest drawdowns
Now 99.98% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 18, 2020 | −99.99% | Oct 6, 2026 | not yet | 6.6 years | 6.6 years so far |
| Dec 3, 2019 | −30.5% | Feb 12, 2020 | Feb 25, 2020 | 2 months | 3 months |
| Mar 12, 2020 | −24.6% | Mar 13, 2020 | Mar 18, 2020 | 1 days | 6 days |
| Mar 9, 2020 | −18.7% | Mar 10, 2020 | Mar 12, 2020 | 1 days | 3 days |
| Feb 28, 2020 | −10.0% | Mar 2, 2020 | Mar 5, 2020 | 3 days | 6 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
HIBS risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | −65.3% | −55.4% | −67.9% |
| Volatility (annualized) | 63.2% | 72.0% | 74.1% |
| Sharpe ratio | -1.35 | -0.77 | -1.09 |
| Sortino ratio | -1.51 | -0.97 | -1.25 |
| Best month | +31.4% | +41.2% | +41.2% |
| Worst month | −36.6% | −38.8% | −58.3% |
| Best 12 months | +20.0% | +20.0% | +20.0% |
| Worst 12 months | −83.3% | −83.3% | −97.7% |
| Positive months | 31% | 38% | 37% |
| Beta vs S&P 500 | -3.95 | -3.95 | — |
| Correlation with S&P 500 | -0.78 | -0.86 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
HIBS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 72 | −97.7% | −58.3% | +20.0% | 4% |
| 3-year (a year) | 48 | −80.7% | −55.3% | −29.0% | 0% |
| 5-year (a year) | 24 | −67.4% | −59.3% | −49.1% | 0% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
HIBS performance overview
Direxion Daily S&P 500 High Beta Bear 3X Shares (HIBS) returned −59.0% over the past year and −51.0% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned −66.1% a year, turning $10,000 into about $5. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.99%, from Mar 18, 2020 to Oct 6, 2026; the fund has not yet regained that high. HIBS finished 0 of its 6 full calendar years with a gain; the best year was 2022 (−7.6%) and the worst 2020 (−91.6%). Volatility has been 74.1% a year.
Related: HIBS chart, HIBS dividends. See the HIBS overview for the latest quote and fund facts.
HIBS performance FAQ
What is the HIBS return over the past year?
HIBS returned −59.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 60.7%.
What is the average annual return of HIBS?
HIBS has returned −51.0% a year over 5 years, −66.1% a year since November 7, 2019 (total return, distributions reinvested).
How much would $10,000 invested in HIBS be worth?
$10,000 invested in HIBS at its first recorded close on November 7, 2019 would be worth about $5 on October 23, 2026 with distributions reinvested.
What was the worst year for HIBS?
The worst calendar year was 2020, with a total return of −91.6%. The best was 2022 at −7.6%.
What is the biggest drawdown of HIBS?
The largest peak-to-trough decline was −99.99% between March 18, 2020 and October 6, 2026. It has not yet recovered to that high; it is 99.98% below its peak.
How volatile is HIBS?
Over the past 3 years HIBS had an annualized volatility of 63.2% and a Sharpe ratio of -1.35 (excess return over 1–3 month T-bills per unit of risk).