CURE vs. TSMG

Last updated Jun 24, 2026

CURE (Direxion Daily Healthcare Bull 3x Shares) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both Leveraged Equities funds. CURE is passively managed, while TSMG is actively managed. Over the past year, CURE returned 35.07% vs 241.80% for TSMG. At a 0.11 correlation, their price movements are largely independent. CURE charges 1.08%/yr vs 0.75%/yr for TSMG.

Performance

CURE vs. TSMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Healthcare Bull 3x Shares (CURE) and Leverage Shares 2X Long TSM Daily ETF (TSMG). 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 TSMG's 80.39% 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%

TSMG

• 1D: -13.49%
• 1M: 12.90%
• YTD: 80.39%
• 6M: 88.25%
• 1Y: 241.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CURE vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
CURE Direxion Daily Healthcare Bull 3x Shares	-10.45%	13.65%
TSMG Leverage Shares 2X Long TSM Daily ETF	80.39%	71.03%

Correlation

The correlation between CURE and TSMG is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.11

Return for Risk

CURE vs. TSMG — 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

TSMG

TSMG Risk / Return Rank: 85
TSMG Sharpe Ratio Rank: 93
TSMG Sortino Ratio Rank: 75
TSMG Omega Ratio Rank: 70
TSMG Calmar Ratio Rank: 94
TSMG Martin Ratio Rank: 92

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. TSMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Healthcare Bull 3x Shares (CURE) and Leverage Shares 2X Long TSM Daily ETF (TSMG). 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	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	0.79	3.17	-2.38
Sortino ratio: Return per unit of downside risk	1.42	3.15	-1.73
Omega ratio: Gain probability vs. loss probability	1.16	1.39	-0.23
Calmar ratio: Return relative to maximum drawdown	1.13	6.90	-5.77
Martin ratio: Return relative to average drawdown	2.51	22.04	-19.53

CURE vs. TSMG - Sharpe Ratio Comparison

The current CURE Sharpe Ratio is 0.79, which is lower than the TSMG Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of CURE and TSMG, 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. TSMG - Drawdown Comparison

The maximum CURE drawdown since its inception was -69.19%, which is greater than TSMG's maximum drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for CURE and TSMG.

Drawdown Indicators

	CURE	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-69.19%	-63.67%	-5.52%
Max Drawdown (1Y) Largest decline over 1 year	-31.10%	-35.29%	+4.19%
Max Drawdown (3Y) Largest decline over 3 years	-51.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-52.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-69.19%	—	—
Current Drawdown Current decline from peak	-28.92%	-13.49%	-15.43%
Average Drawdown Average peak-to-trough decline	-18.18%	-16.65%	-1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.98%	11.03%	+2.95%

Volatility

CURE vs. TSMG - Volatility Comparison

The current volatility for Direxion Daily Healthcare Bull 3x Shares (CURE) is 15.41%, while Leverage Shares 2X Long TSM Daily ETF (TSMG) has a volatility of 33.00%. This indicates that CURE experiences smaller price fluctuations and is considered to be less risky than TSMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CURE	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.41%	33.00%	-17.59%
Volatility (6M) Calculated over the trailing 6-month period	31.09%	60.76%	-29.67%
Volatility (1Y) Calculated over the trailing 1-year period	44.49%	76.78%	-32.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.92%	83.21%	-39.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.58%	83.21%	-33.63%

CURE vs. TSMG - Expense Ratio Comparison

CURE has a 1.08% expense ratio, which is higher than TSMG's 0.75% expense ratio.

Dividends

CURE vs. TSMG - Dividend Comparison

CURE's dividend yield for the trailing twelve months is around 1.19%, less than TSMG's 6.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.37%	11.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CURE and TSMG in my portfolio?

CURE and TSMG have a correlation of 0.03, 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 TSMG?

TSMG has higher volatility (33.00%) compared to CURE (15.41%). In terms of maximum drawdown, CURE dropped -69.19% vs TSMG's -63.67%.

Which ETF is better, CURE or TSMG?

On 1-year performance, TSMG leads with 241.80% vs 35.07% for CURE. On fees, TSMG is cheaper at 0.75% 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 TSMG?

Over the 1-year period, TSMG has performed better with a 241.80% return vs 35.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CURE or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 1.08% for CURE.

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

TSMG has the higher dividend yield at 6.37%, compared with 1.19% for CURE.

What is the main difference between CURE and TSMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.08% for CURE and 0.75% for TSMG.

Which has better risk-adjusted returns?

TSMG currently has the higher Sharpe Ratio (3.17 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.