Direxion Daily S&P 500 High Beta Bull 3X ETF

Frequently Asked Questions About HIBL

What does HIBL invest in?

The Direxion Daily S&P 500 High Beta Bull 3X ETF, and its corresponding bearish fund, are designed to provide daily returns equivalent to three times (300%) the performance of the S&P 500 High Beta Index, or three times its opposite for the inverse product. These results are measured before the deduction of any fees or operational costs. Investors should be aware, however, that there is no certainty these funds will consistently achieve their specified daily investment goal.

What is the expense ratio of HIBL?

Direxion Daily S&P 500 High Beta Bull 3X ETF (HIBL) charges an expense ratio of 1.01%. This is the annual fee deducted from fund assets to cover management and operations.

Is HIBL a good long-term hold?

HIBL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does HIBL's daily reset work?

HIBL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is HIBL?

Direxion Daily S&P 500 High Beta Bull 3X ETF (HIBL) manages $84.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is HIBL actively managed or an index fund?

HIBL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.