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 -14.23%/yr vs -2.89%/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 -1.06% return, which is significantly lower than PILL's 48.76% return.
KURE
- 1D
- -0.75%
- 1M
- 11.08%
- 6M
- -12.37%
- YTD
- -1.06%
- 1Y
- 0.42%
- 3Y*
- -1.02%
- 5Y*
- -14.23%
- 10Y*
- —
PILL
- 1D
- -5.44%
- 1M
- 35.10%
- 6M
- 53.37%
- YTD
- 48.76%
- 1Y
- 218.88%
- 3Y*
- 31.80%
- 5Y*
- -2.89%
- 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 | -1.06% | 24.87% | -17.83% | -17.70% | -25.43% | -16.01% | 68.97% | 34.30% | -30.01% |
PILL Direxion Daily Pharmaceutical & Medical Bull 3X Shares | 48.76% | 75.14% | -7.26% | -12.06% | -43.16% | -37.33% | 0.28% | 19.26% | -32.21% |
Correlation
The correlation between KURE and PILL is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
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 | -3.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.42 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 6.63 | -6.62 |
| Martin ratioReturn relative to average drawdown | 0.03 | 21.81 | -21.78 |
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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 | -66.27% | -83.26% | +16.99% |
Current DrawdownCurrent decline from peak | -56.92% | -49.03% | -7.89% |
Average DrawdownAverage peak-to-trough decline | -38.32% | -58.48% | +20.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.56% | 10.08% | +5.48% |
Volatility
KURE vs. PILL - Volatility Comparison
The current volatility for KraneShares MSCI All China Health Care Index ETF (KURE) is 10.39%, while Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) has a volatility of 21.37%. 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 | 10.39% | 21.37% | -10.98% |
Volatility (6M)Calculated over the trailing 6-month period | 19.66% | 50.25% | -30.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.73% | 64.66% | -36.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.91% | 61.16% | -29.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.42% | 63.97% | -31.55% |
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 4.24%, more than PILL's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KURE KraneShares MSCI All China Health Care Index ETF | 4.24% | 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 | 0.37% | 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 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PILL has higher volatility (21.37%) compared to KURE (10.39%). In terms of maximum drawdown, KURE dropped -68.53% vs PILL's -88.76%.
On 5-year performance, PILL leads with -2.89% vs -14.23% for KURE. On fees, KURE is cheaper at 0.65% per year. On volatility, KURE has been the lower-risk option at 10.39%. 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 -2.89% return vs -14.23%. 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 4.24%, compared with 0.37% 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 (3.41 vs 0.02), 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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