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
Looks like HIBS's returns is more like UVXY's. But the only problem is it has no options unlike SPXS. Uh that's the difference.
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