CURE vs. PTH

Last updated Jun 4, 2026

CURE (Direxion Daily Healthcare Bull 3x Shares) and PTH (Invesco DWA Healthcare Momentum ETF) are both exchange-traded funds - CURE is a Leveraged Equities fund tracking the Health Care Select Sector Index (300%), while PTH is a Momentum fund tracking the Dorsey Wright Healthcare Technical Leaders Index. Both are passively managed. Over the past 10 years, CURE returned 11.65%/yr vs 12.78%/yr for PTH. A 0.67 correlation means they provide meaningful diversification when combined. CURE charges 1.08%/yr vs 0.60%/yr for PTH.

Performance

CURE vs. PTH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Healthcare Bull 3x Shares (CURE) and Invesco DWA Healthcare Momentum ETF (PTH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CURE achieves a -18.38% return, which is significantly lower than PTH's -1.13% return. Over the past 10 years, CURE has underperformed PTH with an annualized return of 11.65%, while PTH has yielded a comparatively higher 12.78% annualized return.

CURE

• 1D: 2.17%
• 1M: 4.39%
• YTD: -18.38%
• 6M: -18.70%
• 1Y: 21.60%
• 3Y*: -0.15%
• 5Y*: 0.21%
• 10Y*: 11.65%

PTH

• 1D: 1.64%
• 1M: -4.72%
• YTD: -1.13%
• 6M: -4.72%
• 1Y: 34.27%
• 3Y*: 8.31%
• 5Y*: -0.77%
• 10Y*: 12.78%

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

CURE vs. PTH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CURE Direxion Daily Healthcare Bull 3x Shares	-18.38%	22.55%	-8.47%	-9.40%	-20.51%	88.30%	5.02%	55.66%	2.82%	69.32%
PTH Invesco DWA Healthcare Momentum ETF	-1.13%	27.91%	2.36%	-4.54%	-20.61%	-3.20%	67.26%	34.45%	-1.23%	50.15%

Correlation

The correlation between CURE and PTH is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 16, 2011	0.67

The correlation between CURE and PTH shifts across timeframes, from 0.49 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.

CURE vs. PTH - Sectors Allocation Comparison

Sectors	CURE	PTH
Healthcare	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	0.1%
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

CURE vs. PTH — Risk / Return Rank

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

CURE

CURE Risk / Return Rank: 18
CURE Sharpe Ratio Rank: 16
CURE Sortino Ratio Rank: 19
CURE Omega Ratio Rank: 18
CURE Calmar Ratio Rank: 17
CURE Martin Ratio Rank: 17

PTH

PTH Risk / Return Rank: 45
PTH Sharpe Ratio Rank: 42
PTH Sortino Ratio Rank: 43
PTH Omega Ratio Rank: 39
PTH Calmar Ratio Rank: 58
PTH Martin Ratio Rank: 45

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. PTH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Healthcare Bull 3x Shares (CURE) and Invesco DWA Healthcare Momentum ETF (PTH). 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.

	CURE	PTH	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.48	-0.98
Sortino ratio: Return per unit of downside risk	1.03	2.17	-1.14
Omega ratio: Gain probability vs. loss probability	1.12	1.26	-0.14
Calmar ratio: Return relative to maximum drawdown	0.70	2.87	-2.18
Martin ratio: Return relative to average drawdown	1.61	7.37	-5.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CURE vs. PTH - Sharpe Ratio Comparison

The current CURE Sharpe Ratio is 0.50, which is lower than the PTH Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of CURE and PTH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CURE	PTH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	1.48	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	-0.03	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.47	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.40	+0.06

Drawdowns

CURE vs. PTH - Drawdown Comparison

The maximum CURE drawdown since its inception was -69.19%, which is greater than PTH's maximum drawdown of -53.52%. Use the drawdown chart below to compare losses from any high point for CURE and PTH.

Drawdown Indicators

	CURE	PTH	Difference
Max Drawdown Largest peak-to-trough decline	-69.19%	-53.52%	-15.67%
Max Drawdown (1Y) Largest decline over 1 year	-31.10%	-11.98%	-19.12%
Max Drawdown (3Y) Largest decline over 3 years	-51.93%	-28.70%	-23.23%
Max Drawdown (5Y) Largest decline over 5 years	-52.23%	-50.07%	-2.16%
Max Drawdown (10Y) Largest decline over 10 years	-69.19%	-53.52%	-15.67%
Current Drawdown Current decline from peak	-35.21%	-19.32%	-15.89%
Average Drawdown Average peak-to-trough decline	-18.15%	-17.00%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.43%	4.66%	+8.77%

Volatility

CURE vs. PTH - Volatility Comparison

Direxion Daily Healthcare Bull 3x Shares (CURE) has a higher volatility of 11.99% compared to Invesco DWA Healthcare Momentum ETF (PTH) at 8.84%. This indicates that CURE's price experiences larger fluctuations and is considered to be riskier than PTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CURE	PTH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.99%	8.84%	+3.15%
Volatility (6M) Calculated over the trailing 6-month period	29.83%	17.83%	+12.00%
Volatility (1Y) Calculated over the trailing 1-year period	43.19%	23.31%	+19.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.69%	25.49%	+18.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.51%	27.24%	+22.27%

CURE vs. PTH - Expense Ratio Comparison

CURE has a 1.08% expense ratio, which is higher than PTH's 0.60% expense ratio.

Dividends

CURE vs. PTH - Dividend Comparison

CURE's dividend yield for the trailing twelve months is around 1.31%, less than PTH's 3.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CURE Direxion Daily Healthcare Bull 3x Shares	1.31%	1.12%	1.17%	2.02%	0.38%	0.02%	0.17%	0.40%	0.70%	0.18%
PTH Invesco DWA Healthcare Momentum ETF	3.11%	3.07%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CURE and PTH in my portfolio?

CURE and PTH have a correlation of 0.49, 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 PTH?

CURE has higher volatility (11.99%) compared to PTH (8.84%). In terms of maximum drawdown, CURE dropped -69.19% vs PTH's -53.52%.

Which ETF is better, CURE or PTH?

On 10-year performance, PTH leads with 12.78% vs 11.65% for CURE. On fees, PTH is cheaper at 0.60% per year. On volatility, PTH has been the lower-risk option at 8.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CURE or PTH?

Over the 10-year period, PTH has performed better with a 12.78% return vs 11.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CURE or PTH?

PTH is cheaper with a 0.60% expense ratio, compared with 1.08% for CURE.

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

PTH has the higher dividend yield at 3.11%, compared with 1.31% for CURE.

What is the main difference between CURE and PTH?

CURE is categorized as Leveraged Equities, while PTH is Momentum. CURE tracks Health Care Select Sector Index (300%), while PTH tracks Dorsey Wright Healthcare Technical Leaders Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 1.08% for CURE and 0.60% for PTH.

Which has better risk-adjusted returns?

PTH currently has the higher Sharpe Ratio (1.48 vs 0.50), 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.