CURE vs. QQQ
Compare and contrast key facts about Direxion Daily Healthcare Bull 3x Shares (CURE) and Invesco QQQ (QQQ).
CURE and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CURE is a passively managed fund by Direxion that tracks the performance of the Health Care Select Sector Index (300%). It was launched on Jun 15, 2011. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both CURE and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CURE or QQQ.
Key characteristics
| CURE | QQQ | |
|---|---|---|
| YTD Return | 3.78% | 5.38% |
| 1Y Return | 5.96% | 35.44% |
| 3Y Return (Ann) | 4.07% | 8.91% |
| 5Y Return (Ann) | 16.84% | 18.53% |
| 10Y Return (Ann) | 19.04% | 18.34% |
| Sharpe Ratio | 0.23 | 2.40 |
| Daily Std Dev | 31.45% | 16.32% |
| Max Drawdown | -69.19% | -82.98% |
| Current Drawdown | -26.56% | -3.45% |
Correlation
The correlation between CURE and QQQ is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CURE vs. QQQ - Performance Comparison
In the year-to-date period, CURE achieves a 3.78% return, which is significantly lower than QQQ's 5.38% return. Both investments have delivered pretty close results over the past 10 years, with CURE having a 19.04% annualized return and QQQ not far behind at 18.34%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CURE vs. QQQ - Expense Ratio Comparison
CURE has a 1.08% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
CURE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Healthcare Bull 3x Shares (CURE) and Invesco QQQ (QQQ). 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.
Dividends
CURE vs. QQQ - Dividend Comparison
CURE's dividend yield for the trailing twelve months is around 1.82%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CURE Direxion Daily Healthcare Bull 3x Shares | 1.82% | 2.02% | 0.38% | 0.02% | 0.17% | 0.40% | 0.70% | 0.18% | 0.00% | 0.00% | 0.00% | 1.24% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
CURE vs. QQQ - Drawdown Comparison
The maximum CURE drawdown since its inception was -69.19%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for CURE and QQQ. For additional features, visit the drawdowns tool.
Volatility
CURE vs. QQQ - Volatility Comparison
Direxion Daily Healthcare Bull 3x Shares (CURE) has a higher volatility of 10.19% compared to Invesco QQQ (QQQ) at 5.12%. This indicates that CURE's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.