PILL vs. HOOG

Last updated Jul 14, 2026

PILL (Direxion Daily Pharmaceutical & Medical Bull 3X Shares) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. PILL is passively managed, while HOOG is actively managed. Over the past year, PILL returned 218.88% vs -34.63% for HOOG. At a 0.38 correlation, their price movements are largely independent. PILL charges 0.98%/yr vs 0.75%/yr for HOOG.

Performance

PILL vs. HOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PILL achieves a 48.76% return, which is significantly higher than HOOG's -34.60% return.

PILL

• 1D: -5.44%
• 1M: 35.10%
• 6M: 53.37%
• YTD: 48.76%
• 1Y: 218.88%
• 3Y*: 31.80%
• 5Y*: -2.89%
• 10Y*: —

HOOG

• 1D: -3.76%
• 1M: 33.46%
• 6M: -38.63%
• YTD: -34.60%
• 1Y: -34.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PILL vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
PILL Direxion Daily Pharmaceutical & Medical Bull 3X Shares	48.76%	69.87%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-34.60%	320.19%

Correlation

The correlation between PILL and HOOG is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.38

Return for Risk

PILL vs. HOOG — Risk / Return Rank

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

PILL

PILL Risk / Return Rank: 93
PILL Sharpe Ratio Rank: 96
PILL Sortino Ratio Rank: 91
PILL Omega Ratio Rank: 87
PILL Calmar Ratio Rank: 96
PILL Martin Ratio Rank: 95

HOOG

HOOG Risk / Return Rank: 9
HOOG Sharpe Ratio Rank: 7
HOOG Sortino Ratio Rank: 14
HOOG Omega Ratio Rank: 14
HOOG Calmar Ratio Rank: 6
HOOG Martin Ratio Rank: 6

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.

PILL vs. HOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). 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.

	PILL	HOOG	Difference
Sharpe ratio: Return per unit of total volatility	3.41	-0.25	+3.67
Sortino ratio: Return per unit of downside risk	3.41	0.56	+2.85
Omega ratio: Gain probability vs. loss probability	1.42	1.07	+0.35
Calmar ratio: Return relative to maximum drawdown	6.63	-0.40	+7.03
Martin ratio: Return relative to average drawdown	21.81	-0.60	+22.40

PILL vs. HOOG - Sharpe Ratio Comparison

The current PILL Sharpe Ratio is 3.41, which is higher than the HOOG Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of PILL and HOOG, 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

PILL vs. HOOG - Drawdown Comparison

The maximum PILL drawdown since its inception was -88.76%, roughly equal to the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for PILL and HOOG.

Drawdown Indicators

	PILL	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-88.76%	-86.94%	-1.82%
Max Drawdown (1Y) Largest decline over 1 year	-33.21%	-86.94%	+53.73%
Max Drawdown (3Y) Largest decline over 3 years	-60.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-83.26%	—	—
Current Drawdown Current decline from peak	-49.03%	-69.49%	+20.46%
Average Drawdown Average peak-to-trough decline	-58.48%	-40.29%	-18.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.08%	58.22%	-48.14%

Volatility

PILL vs. HOOG - Volatility Comparison

The current volatility for Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) is 21.37%, while Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a volatility of 38.13%. This indicates that PILL experiences smaller price fluctuations and is considered to be less risky than HOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PILL	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.37%	38.13%	-16.76%
Volatility (6M) Calculated over the trailing 6-month period	50.25%	104.43%	-54.18%
Volatility (1Y) Calculated over the trailing 1-year period	64.66%	138.32%	-73.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.16%	144.23%	-83.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.97%	144.23%	-80.26%

PILL vs. HOOG - Expense Ratio Comparison

PILL has a 0.98% expense ratio, which is higher than HOOG's 0.75% expense ratio.

Dividends

PILL vs. HOOG - Dividend Comparison

PILL's dividend yield for the trailing twelve months is around 0.37%, less than HOOG's 18.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HOOG Leverage Shares 2X Long HOOD Daily ETF	18.81%	12.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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

Can I hold both PILL and HOOG in my portfolio?

PILL and HOOG have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PILL or HOOG?

HOOG has higher volatility (38.13%) compared to PILL (21.37%). In terms of maximum drawdown, PILL dropped -88.76% vs HOOG's -86.94%.

Which ETF is better, PILL or HOOG?

On 1-year performance, PILL leads with 218.88% vs -34.63% for HOOG. On fees, HOOG is cheaper at 0.75% per year. On volatility, PILL has been the lower-risk option at 21.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PILL or HOOG?

Over the 1-year period, PILL has performed better with a 218.88% return vs -34.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PILL or HOOG?

HOOG is cheaper with a 0.75% expense ratio, compared with 0.98% for PILL.

Which ETF pays a higher dividend yield, PILL or HOOG?

HOOG has the higher dividend yield at 18.81%, compared with 0.37% for PILL.

What is the main difference between PILL and HOOG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.98% for PILL and 0.75% for HOOG.

Which has better risk-adjusted returns?

PILL currently has the higher Sharpe Ratio (3.41 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.