Comparing $HIBS and $SOXS: Leveraged Inverse ETFs for Short-Term Bearish Exposure Is $HIBS or $SOXS a Better BUY? Both HIBS and SOXS are Direxion-issued leveraged inverse exchange-traded funds (ETFs) designed to deliver -300% of the daily performance of their respective benchmarks before fees and expenses. HIBS targets the S&P 500 High Beta Index, providing inverse exposure to the 100 most volatile large-cap U.S. stocks, while SOXS targets the ICE Semiconductor Index, focusing on the semiconductor sector.