CURE vs. VYM
Compare and contrast key facts about Direxion Daily Healthcare Bull 3x Shares (CURE) and Vanguard High Dividend Yield ETF (VYM).
CURE and VYM 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. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006. Both CURE and VYM 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 VYM.
Key characteristics
| CURE | VYM | |
|---|---|---|
| YTD Return | 3.78% | 5.73% |
| 1Y Return | 5.96% | 14.33% |
| 3Y Return (Ann) | 4.07% | 7.67% |
| 5Y Return (Ann) | 16.84% | 9.46% |
| 10Y Return (Ann) | 19.04% | 9.59% |
| Sharpe Ratio | 0.23 | 1.45 |
| Daily Std Dev | 31.45% | 10.83% |
| Max Drawdown | -69.19% | -56.98% |
| Current Drawdown | -26.56% | -2.99% |
Correlation
The correlation between CURE and VYM is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CURE vs. VYM - Performance Comparison
In the year-to-date period, CURE achieves a 3.78% return, which is significantly lower than VYM's 5.73% return. Over the past 10 years, CURE has outperformed VYM with an annualized return of 19.04%, while VYM has yielded a comparatively lower 9.59% annualized return. 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. VYM - Expense Ratio Comparison
CURE has a 1.08% expense ratio, which is higher than VYM's 0.06% expense ratio.
Risk-Adjusted Performance
CURE vs. VYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Healthcare Bull 3x Shares (CURE) and Vanguard High Dividend Yield ETF (VYM). 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. VYM - Dividend Comparison
CURE's dividend yield for the trailing twelve months is around 1.82%, less than VYM's 2.91% 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% |
VYM Vanguard High Dividend Yield ETF | 2.91% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
Drawdowns
CURE vs. VYM - Drawdown Comparison
The maximum CURE drawdown since its inception was -69.19%, which is greater than VYM's maximum drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for CURE and VYM. For additional features, visit the drawdowns tool.
Volatility
CURE vs. VYM - Volatility Comparison
Direxion Daily Healthcare Bull 3x Shares (CURE) has a higher volatility of 10.19% compared to Vanguard High Dividend Yield ETF (VYM) at 2.90%. This indicates that CURE's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.