KURE vs. PILL
KURE (KraneShares MSCI All China Health Care Index ETF) and PILL (Direxion Daily Pharmaceutical & Medical Bull 3X Shares) are both exchange-traded funds - KURE is a China Equities fund tracking the MSCI China All Shares Health Care 10/40 Index, while PILL is a Leveraged Equities fund tracking the Dynamic Pharmaceuticals Intellidex Index. Both are passively managed. Over the past 5 years, KURE returned -16.49%/yr vs -7.89%/yr for PILL. At a 0.29 correlation, their price movements are largely independent. KURE charges 0.65%/yr vs 0.98%/yr for PILL.
Performance
KURE vs. PILL - Performance Comparison
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Returns By Period
In the year-to-date period, KURE achieves a -11.50% return, which is significantly lower than PILL's 26.72% return.
KURE
- 1D
- 1.41%
- 1M
- -6.16%
- YTD
- -11.50%
- 6M
- -14.51%
- 1Y
- -6.43%
- 3Y*
- -3.58%
- 5Y*
- -16.49%
- 10Y*
- —
PILL
- 1D
- 5.13%
- 1M
- 27.73%
- YTD
- 26.72%
- 6M
- 23.80%
- 1Y
- 194.90%
- 3Y*
- 24.44%
- 5Y*
- -7.89%
- 10Y*
- —
KURE vs. PILL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KURE KraneShares MSCI All China Health Care Index ETF | -11.50% | 24.87% | -17.83% | -17.70% | -25.43% | -16.01% | 68.97% | 34.30% | -30.01% |
PILL Direxion Daily Pharmaceutical & Medical Bull 3X Shares | 26.72% | 75.14% | -7.26% | -12.06% | -43.16% | -37.33% | 0.28% | 19.26% | -32.21% |
Correlation
The correlation between KURE and PILL is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2018 | 0.29 |
KURE vs. PILL - Sectors Allocation Comparison
Sectors
KURE
PILL
Healthcare
Consumer Defensive
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Energy
-
-
Financial Services
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Healthcare
KURE
PILL
Consumer Defensive
KURE
PILL
-
Basic Materials
KURE
-
PILL
-
Communication Services
KURE
-
PILL
-
Consumer Cyclical
KURE
-
PILL
-
Energy
KURE
-
PILL
-
Financial Services
KURE
-
PILL
-
Industrials
KURE
-
PILL
-
Real Estate
KURE
-
PILL
-
Technology
KURE
-
PILL
-
Utilities
KURE
-
PILL
-
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Return for Risk
KURE vs. PILL — Risk / Return Rank
KURE
PILL
KURE vs. PILL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI All China Health Care Index ETF (KURE) and Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL). 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.
| KURE | PILL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.40 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 5.91 | -6.12 |
| Martin ratioReturn relative to average drawdown | -0.44 | 19.45 | -19.89 |
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Drawdowns
KURE vs. PILL - Drawdown Comparison
The maximum KURE drawdown since its inception was -68.53%, smaller than the maximum PILL drawdown of -88.76%. Use the drawdown chart below to compare losses from any high point for KURE and PILL.
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Drawdown Indicators
| KURE | PILL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.53% | -88.76% | +20.23% |
Max Drawdown (1Y)Largest decline over 1 year | -30.88% | -33.21% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -60.43% | +26.38% |
Max Drawdown (5Y)Largest decline over 5 years | -67.94% | -83.26% | +15.32% |
Current DrawdownCurrent decline from peak | -61.46% | -56.58% | -4.88% |
Average DrawdownAverage peak-to-trough decline | -38.20% | -58.54% | +20.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.64% | 10.07% | +4.57% |
Volatility
KURE vs. PILL - Volatility Comparison
The current volatility for KraneShares MSCI All China Health Care Index ETF (KURE) is 7.68%, while Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) has a volatility of 18.07%. This indicates that KURE experiences smaller price fluctuations and is considered to be less risky than PILL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KURE | PILL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 18.07% | -10.39% |
Volatility (6M)Calculated over the trailing 6-month period | 18.20% | 48.23% | -30.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.23% | 62.55% | -36.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.86% | 60.62% | -28.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.34% | 63.79% | -31.45% |
KURE vs. PILL - Expense Ratio Comparison
KURE has a 0.65% expense ratio, which is lower than PILL's 0.98% expense ratio.
Dividends
KURE vs. PILL - Dividend Comparison
KURE's dividend yield for the trailing twelve months is around 4.74%, more than PILL's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KURE KraneShares MSCI All China Health Care Index ETF | 4.74% | 4.19% | 1.29% | 0.65% | 0.05% | 14.12% | 0.00% | 0.25% | 0.21% | 0.00% |
PILL Direxion Daily Pharmaceutical & Medical Bull 3X Shares | 0.49% | 0.69% | 1.28% | 1.83% | 0.67% | 0.00% | 0.00% | 0.38% | 0.91% | 0.10% |
Frequently Asked Questions
KURE and PILL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PILL has higher volatility (18.07%) compared to KURE (7.68%). In terms of maximum drawdown, KURE dropped -68.53% vs PILL's -88.76%.
On 5-year performance, PILL leads with -7.89% vs -16.49% for KURE. On fees, KURE is cheaper at 0.65% per year. On volatility, KURE has been the lower-risk option at 7.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PILL has performed better with a -7.89% return vs -16.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KURE is cheaper with a 0.65% expense ratio, compared with 0.98% for PILL.
KURE has the higher dividend yield at 4.74%, compared with 0.49% for PILL.
KURE is categorized as China Equities, while PILL is Leveraged Equities. KURE tracks MSCI China All Shares Health Care 10/40 Index, while PILL tracks Dynamic Pharmaceuticals Intellidex Index. They also come from different issuers: CICC and Direxion. Their fees differ too: 0.65% for KURE and 0.98% for PILL.
PILL currently has the higher Sharpe Ratio (3.14 vs -0.25), 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.
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