HIBS/HIBL vs SPXS/SPXL

J

JSOP

Given the upcoming delisting of TVIX by Credit Suisse, I am looking into alternatives to those volatility instruments. And I just found out that Direxion has another set of ETF's that are designed to generate 300% return of daily performance of S&P 500, HIBS/HIBL https://www.direxion.com/product/da...riiERjz6zvfsPFMijUmIDm1i2JhwV3wVplho7B0sQGCqA in addition to their existing SPXS/SPXL. All four of them are designed to generate 300% return of daily performance of S&P 500. I am wondering what's the difference between HIBS and SPXS and HIBL and SPXL? They generate exactly the same return %'s and from the charts, their prices are almost identical. What's the point of HIBS/HIBL? Does anybody know?

Thanks
 
thx re HIBS, never heard of it before... vs SPXS looks like much less volume but much better leverage/volatility; I'll start buying it today

spxsjun.jpg
hibsjun.jpg
 
HIBS and HIBL are NOT you r normal 3x etfs. I have seen days where markets are down and HIBL up
They are high beta. Be careful.

I trade both. SPXS is a good one to play, more "safer" than HIBS
 
S2007S said:
HIBS and HIBL are NOT you r normal 3x etfs. I have seen days where markets are down and HIBL up
They are high beta. Be careful.

I trade both. SPXS is a good one to play, more "safer" than HIBS
More...

Thx, good to know .. I just bought a bit premkt,, v wide spread though
 
You must log in or register to reply here.
Back
Top