PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) Sharpe Ratio: 3.41

ETF · Currency in USD · Last updated Jul 14, 2026

PILL is a passive ETF by Direxion tracking the investment results of the Dynamic Pharmaceuticals Intellidex Index. PILL launched on Nov 15, 2017 and has a 0.98% expense ratio.

PILL's Sharpe Ratio of 3.41 indicates that for each unit of volatility, it generates 3.41 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PILL Sharpe Ratio Rank

PILL Sharpe Ratio Rank: 96.596
Exceptional

PILL ranks above 96.5% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

PILL Sharpe Ratio Market Positioning

The chart shows PILL's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.73 or lower
  • Yellow zone (middle 50%): 0.73 to 1.90
  • Green zone (top 25%): 1.90 or higher
  • Top 1%: 6.54+
  • Median: 1.39 — half of all investments score higher

How it compares to other similar ETFs

The table compares Direxion Daily Pharmaceutical & Medical Bull 3X Shares's Sharpe Ratio with other ETFs in the Leveraged Equities category across multiple time periods, showing how PILL's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MUUDirexion Daily MU Bull 2X Shares23.95
MULLGraniteShares 2x Long MU Daily ETF17.43
INTWGraniteShares 2x Long INTC Daily ETF5.93
AMUUDirexion Daily AMD Bull 2X Shares4.89
AMDLGraniteShares 2x Long AMD Daily ETF4.84
DLLLGraniteShares 2x Long DELL Daily ETF4.80
AMDGLeverage Shares 2X Long AMD Daily ETF4.78
SOXLDirexion Daily Semiconductor Bull 3X ETF4.13
LABUDirexion Daily S&P Biotech Bull 3x Shares4.09
XTAPInnovator U.S. Equity Accelerated Plus ETF3.90
PILLDirexion Daily Pharmaceutical & Medical Bull 3X Shares3.41

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows PILL's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PILL consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does PILL fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio