CURE vs. USD

Last updated Jun 9, 2026

CURE (Direxion Daily Healthcare Bull 3x Shares) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds - CURE tracks the Health Care Select Sector Index (300%) while USD tracks the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 10 years, CURE returned 13.02%/yr vs 59.63%/yr for USD. At a 0.43 correlation, their price movements are largely independent. CURE charges 1.08%/yr vs 0.95%/yr for USD.

Performance

CURE vs. USD - Performance Comparison

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

Returns By Period

In the year-to-date period, CURE achieves a -9.94% return, which is significantly lower than USD's 81.60% return. Over the past 10 years, CURE has underperformed USD with an annualized return of 13.02%, while USD has yielded a comparatively higher 59.63% annualized return.

CURE

• 1D: -0.69%
• 1M: 18.27%
• YTD: -9.94%
• 6M: -3.58%
• 1Y: 30.33%
• 3Y*: 3.28%
• 5Y*: 1.60%
• 10Y*: 13.02%

USD

• 1D: 7.41%
• 1M: -0.05%
• YTD: 81.60%
• 6M: 69.12%
• 1Y: 218.18%
• 3Y*: 115.96%
• 5Y*: 65.20%
• 10Y*: 59.63%

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

CURE vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CURE Direxion Daily Healthcare Bull 3x Shares	-9.94%	22.55%	-8.47%	-9.40%	-20.51%	88.30%	5.02%	55.66%	2.82%	69.32%
USD ProShares Ultra Semiconductors	81.60%	62.08%	139.64%	228.79%	-68.57%	104.27%	68.16%	110.37%	-26.88%	81.72%

Correlation

The correlation between CURE and USD is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jun 15, 2011	0.43

The correlation between CURE and USD shifts across timeframes, from -0.01 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

CURE vs. USD - Sectors Allocation Comparison

Sectors	CURE	USD
Healthcare	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Financial Services	-	28.0%
Industrials	-	-
Real Estate	-	-
Technology	-	26.7%
Utilities	-	-

Return for Risk

CURE vs. USD — Risk / Return Rank

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

CURE

CURE Risk / Return Rank: 23
CURE Sharpe Ratio Rank: 22
CURE Sortino Ratio Rank: 26
CURE Omega Ratio Rank: 23
CURE Calmar Ratio Rank: 23
CURE Martin Ratio Rank: 21

USD

USD Risk / Return Rank: 88
USD Sharpe Ratio Rank: 95
USD Sortino Ratio Rank: 79
USD Omega Ratio Rank: 81
USD Calmar Ratio Rank: 94
USD Martin Ratio Rank: 91

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. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Healthcare Bull 3x Shares (CURE) and ProShares Ultra Semiconductors (USD). 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	USD	Difference
Sharpe ratio: Return per unit of total volatility	0.69	3.43	-2.74
Sortino ratio: Return per unit of downside risk	1.30	3.15	-1.86
Omega ratio: Gain probability vs. loss probability	1.15	1.43	-0.29
Calmar ratio: Return relative to maximum drawdown	0.98	6.91	-5.93
Martin ratio: Return relative to average drawdown	2.24	19.73	-17.49
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. USD - Sharpe Ratio Comparison

The current CURE Sharpe Ratio is 0.69, which is lower than the USD Sharpe Ratio of 3.43. The chart below compares the historical Sharpe Ratios of CURE and USD, 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	USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	3.43	-2.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.85	-0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	0.86	-0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.47	0.00

Drawdowns

CURE vs. USD - Drawdown Comparison

The maximum CURE drawdown since its inception was -69.19%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for CURE and USD.

Drawdown Indicators

	CURE	USD	Difference
Max Drawdown Largest peak-to-trough decline	-69.19%	-88.63%	+19.44%
Max Drawdown (1Y) Largest decline over 1 year	-31.10%	-31.80%	+0.70%
Max Drawdown (3Y) Largest decline over 3 years	-51.93%	-64.46%	+12.53%
Max Drawdown (5Y) Largest decline over 5 years	-52.23%	-77.85%	+25.62%
Max Drawdown (10Y) Largest decline over 10 years	-69.19%	-77.85%	+8.66%
Current Drawdown Current decline from peak	-28.51%	-16.10%	-12.41%
Average Drawdown Average peak-to-trough decline	-18.15%	-32.34%	+14.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.57%	11.11%	+2.46%

Volatility

CURE vs. USD - Volatility Comparison

The current volatility for Direxion Daily Healthcare Bull 3x Shares (CURE) is 14.68%, while ProShares Ultra Semiconductors (USD) has a volatility of 28.47%. This indicates that CURE experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CURE	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.68%	28.47%	-13.79%
Volatility (6M) Calculated over the trailing 6-month period	31.01%	50.89%	-19.88%
Volatility (1Y) Calculated over the trailing 1-year period	44.18%	64.16%	-19.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.88%	77.00%	-33.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.60%	69.51%	-19.91%

CURE vs. USD - Expense Ratio Comparison

CURE has a 1.08% expense ratio, which is higher than USD's 0.95% expense ratio.

Dividends

CURE vs. USD - Dividend Comparison

CURE's dividend yield for the trailing twelve months is around 1.18%, more than USD's 0.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CURE Direxion Daily Healthcare Bull 3x Shares	1.18%	1.12%	1.17%	2.02%	0.38%	0.02%	0.17%	0.40%	0.70%	0.18%	0.00%	0.00%
USD ProShares Ultra Semiconductors	0.25%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both CURE and USD in my portfolio?

CURE and USD have a correlation of -0.01, 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 USD?

USD has higher volatility (28.47%) compared to CURE (14.68%). In terms of maximum drawdown, CURE dropped -69.19% vs USD's -88.63%.

Which ETF is better, CURE or USD?

On 10-year performance, USD leads with 59.63% vs 13.02% for CURE. On fees, USD is cheaper at 0.95% per year. On volatility, CURE has been the lower-risk option at 14.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CURE or USD?

Over the 10-year period, USD has performed better with a 59.63% return vs 13.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CURE or USD?

USD is cheaper with a 0.95% expense ratio, compared with 1.08% for CURE.

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

CURE has the higher dividend yield at 1.18%, compared with 0.25% for USD.

What is the main difference between CURE and USD?

CURE tracks Health Care Select Sector Index (300%), while USD tracks Dow Jones U.S. Semiconductors Index (200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.08% for CURE and 0.95% for USD.

Which has better risk-adjusted returns?

USD currently has the higher Sharpe Ratio (3.43 vs 0.69), 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.