CURE vs. CNRG

Last updated Jun 24, 2026

CURE (Direxion Daily Healthcare Bull 3x Shares) and CNRG (SPDR S&P Kensho Clean Power ETF) are both exchange-traded funds - CURE is a Leveraged Equities fund tracking the Health Care Select Sector Index (300%), while CNRG is a Alternative Energy Equities fund tracking the S&P Kensho Clean Power Index. Both are passively managed. Over the past 5 years, CURE returned 0.46%/yr vs 2.77%/yr for CNRG. At a 0.36 correlation, their price movements are largely independent. CURE charges 1.08%/yr vs 0.45%/yr for CNRG.

Performance

CURE vs. CNRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Healthcare Bull 3x Shares (CURE) and SPDR S&P Kensho Clean Power ETF (CNRG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CURE achieves a -10.45% return, which is significantly lower than CNRG's 23.15% return.

CURE

• 1D: 3.78%
• 1M: 4.14%
• YTD: -10.45%
• 6M: -10.93%
• 1Y: 35.07%
• 3Y*: 1.46%
• 5Y*: 0.46%
• 10Y*: 14.03%

CNRG

• 1D: -4.63%
• 1M: -5.18%
• YTD: 23.15%
• 6M: 19.33%
• 1Y: 95.92%
• 3Y*: 12.18%
• 5Y*: 2.77%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CURE vs. CNRG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CURE Direxion Daily Healthcare Bull 3x Shares	-10.45%	22.55%	-8.47%	-9.40%	-20.51%	88.30%	5.02%	55.66%	-16.35%
CNRG SPDR S&P Kensho Clean Power ETF	23.15%	50.23%	-14.48%	-11.55%	-7.98%	-15.68%	138.35%	63.26%	-2.05%

Correlation

The correlation between CURE and CNRG is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Oct 23, 2018	0.36

Over the past year, the correlation between CURE and CNRG has dropped to 0.10 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

CURE vs. CNRG - Sectors Allocation Comparison

Sectors	CURE	CNRG
Healthcare	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	1.6%
Consumer Defensive	-	-
Energy	-	23.5%
Financial Services	-	-
Industrials	-	37.1%
Real Estate	-	-
Technology	-	10.6%
Utilities	-	27.1%

Return for Risk

CURE vs. CNRG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CURE

CURE Risk / Return Rank: 24
CURE Sharpe Ratio Rank: 23
CURE Sortino Ratio Rank: 27
CURE Omega Ratio Rank: 24
CURE Calmar Ratio Rank: 24
CURE Martin Ratio Rank: 22

CNRG

CNRG Risk / Return Rank: 76
CNRG Sharpe Ratio Rank: 83
CNRG Sortino Ratio Rank: 69
CNRG Omega Ratio Rank: 67
CNRG Calmar Ratio Rank: 90
CNRG Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CURE vs. CNRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Healthcare Bull 3x Shares (CURE) and SPDR S&P Kensho Clean Power ETF (CNRG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CURE	CNRG	Difference
Sharpe ratio: Return per unit of total volatility	0.79	2.53	-1.74
Sortino ratio: Return per unit of downside risk	1.42	2.94	-1.52
Omega ratio: Gain probability vs. loss probability	1.16	1.38	-0.22
Calmar ratio: Return relative to maximum drawdown	1.13	5.36	-4.22
Martin ratio: Return relative to average drawdown	2.51	13.03	-10.51

CURE vs. CNRG - Sharpe Ratio Comparison

The current CURE Sharpe Ratio is 0.79, which is lower than the CNRG Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of CURE and CNRG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CURE vs. CNRG - Drawdown Comparison

The maximum CURE drawdown since its inception was -69.19%, roughly equal to the maximum CNRG drawdown of -68.49%. Use the drawdown chart below to compare losses from any high point for CURE and CNRG.

Drawdown Indicators

	CURE	CNRG	Difference
Max Drawdown Largest peak-to-trough decline	-69.19%	-68.49%	-0.70%
Max Drawdown (1Y) Largest decline over 1 year	-31.10%	-18.01%	-13.09%
Max Drawdown (3Y) Largest decline over 3 years	-51.93%	-48.77%	-3.16%
Max Drawdown (5Y) Largest decline over 5 years	-52.23%	-59.17%	+6.94%
Max Drawdown (10Y) Largest decline over 10 years	-69.19%	—	—
Current Drawdown Current decline from peak	-28.92%	-19.92%	-9.00%
Average Drawdown Average peak-to-trough decline	-18.18%	-31.72%	+13.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.98%	7.39%	+6.59%

Volatility

CURE vs. CNRG - Volatility Comparison

Direxion Daily Healthcare Bull 3x Shares (CURE) and SPDR S&P Kensho Clean Power ETF (CNRG) have volatilities of 15.41% and 15.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CURE	CNRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.41%	15.67%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	31.09%	27.25%	+3.84%
Volatility (1Y) Calculated over the trailing 1-year period	44.49%	38.05%	+6.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.92%	34.47%	+9.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.58%	35.98%	+13.60%

CURE vs. CNRG - Expense Ratio Comparison

CURE has a 1.08% expense ratio, which is higher than CNRG's 0.45% expense ratio.

Dividends

CURE vs. CNRG - Dividend Comparison

CURE's dividend yield for the trailing twelve months is around 1.19%, more than CNRG's 1.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CNRG SPDR S&P Kensho Clean Power ETF	1.11%	1.46%	1.34%	1.17%	1.23%	1.34%	0.69%	1.16%	0.35%	0.00%
CURE Direxion Daily Healthcare Bull 3x Shares	1.19%	1.12%	1.17%	2.02%	0.38%	0.02%	0.17%	0.40%	0.70%	0.18%

Frequently Asked Questions

Can I hold both CURE and CNRG in my portfolio?

CURE and CNRG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CURE or CNRG?

CNRG has higher volatility (15.67%) compared to CURE (15.41%). In terms of maximum drawdown, CURE dropped -69.19% vs CNRG's -68.49%.

Which ETF is better, CURE or CNRG?

On 5-year performance, CNRG leads with 2.77% vs 0.46% for CURE. On fees, CNRG is cheaper at 0.45% per year. On volatility, CURE has been the lower-risk option at 15.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CURE or CNRG?

Over the 5-year period, CNRG has performed better with a 2.77% return vs 0.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CURE or CNRG?

CNRG is cheaper with a 0.45% expense ratio, compared with 1.08% for CURE.

Which ETF pays a higher dividend yield, CURE or CNRG?

CURE has the higher dividend yield at 1.19%, compared with 1.11% for CNRG.

What is the main difference between CURE and CNRG?

CURE is categorized as Leveraged Equities, while CNRG is Alternative Energy Equities. CURE tracks Health Care Select Sector Index (300%), while CNRG tracks S&P Kensho Clean Power Index. They also come from different issuers: Direxion and State Street. Their fees differ too: 1.08% for CURE and 0.45% for CNRG.

Which has better risk-adjusted returns?

CNRG currently has the higher Sharpe Ratio (2.53 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.