PILL vs. KURE
PILL (Direxion Daily Pharmaceutical & Medical Bull 3X Shares) and KURE (KraneShares MSCI All China Health Care Index ETF) are both exchange-traded funds - PILL is a Leveraged Equities fund tracking the Dynamic Pharmaceuticals Intellidex Index, while KURE is a China Equities fund tracking the MSCI China All Shares Health Care 10/40 Index. Both are passively managed. Over the past 5 years, PILL returned -7.95%/yr vs -16.60%/yr for KURE. At a 0.29 correlation, their price movements are largely independent. PILL charges 0.98%/yr vs 0.65%/yr for KURE.
Performance
PILL vs. KURE - Performance Comparison
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Returns By Period
In the year-to-date period, PILL achieves a 20.53% return, which is significantly higher than KURE's -12.73% return.
PILL
- 1D
- 5.04%
- 1M
- 21.49%
- YTD
- 20.53%
- 6M
- 14.24%
- 1Y
- 186.97%
- 3Y*
- 22.38%
- 5Y*
- -7.95%
- 10Y*
- —
KURE
- 1D
- 1.16%
- 1M
- -7.47%
- YTD
- -12.73%
- 6M
- -15.99%
- 1Y
- -6.42%
- 3Y*
- -4.03%
- 5Y*
- -16.60%
- 10Y*
- —
PILL vs. KURE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PILL Direxion Daily Pharmaceutical & Medical Bull 3X Shares | 20.53% | 75.14% | -7.26% | -12.06% | -43.16% | -37.33% | 0.28% | 19.26% | -32.21% |
KURE KraneShares MSCI All China Health Care Index ETF | -12.73% | 24.87% | -17.83% | -17.70% | -25.43% | -16.01% | 68.97% | 34.30% | -30.01% |
Correlation
The correlation between PILL and KURE 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 | 0.23 |
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 |
PILL vs. KURE - Sectors Allocation Comparison
Sectors
PILL
KURE
Healthcare
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
Energy
-
-
Financial Services
-
-
Industrials
-
-
Real Estate
-
-
Technology
-
-
Utilities
-
-
Healthcare
PILL
KURE
Basic Materials
PILL
-
KURE
-
Communication Services
PILL
-
KURE
-
Consumer Cyclical
PILL
-
KURE
-
Consumer Defensive
PILL
-
KURE
Energy
PILL
-
KURE
-
Financial Services
PILL
-
KURE
-
Industrials
PILL
-
KURE
-
Real Estate
PILL
-
KURE
-
Technology
PILL
-
KURE
-
Utilities
PILL
-
KURE
-
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Return for Risk
PILL vs. KURE — Risk / Return Rank
PILL
KURE
PILL vs. KURE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) and KraneShares MSCI All China Health Care Index ETF (KURE). 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 | KURE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.26 | ||
| Sortino ratioReturn per unit of downside risk | +3.36 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.98 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 5.67 | -0.21 | +5.87 |
| Martin ratioReturn relative to average drawdown | 18.65 | -0.44 | +19.10 |
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Drawdowns
PILL vs. KURE - Drawdown Comparison
The maximum PILL drawdown since its inception was -88.76%, which is greater than KURE's maximum drawdown of -68.53%. Use the drawdown chart below to compare losses from any high point for PILL and KURE.
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Drawdown Indicators
| PILL | KURE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.76% | -68.53% | -20.23% |
Max Drawdown (1Y)Largest decline over 1 year | -33.21% | -30.88% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -60.43% | -34.05% | -26.38% |
Max Drawdown (5Y)Largest decline over 5 years | -83.26% | -67.94% | -15.32% |
Current DrawdownCurrent decline from peak | -58.70% | -62.00% | +3.30% |
Average DrawdownAverage peak-to-trough decline | -58.54% | -38.19% | -20.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.07% | 14.53% | -4.46% |
Volatility
PILL vs. KURE - Volatility Comparison
Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) has a higher volatility of 17.72% compared to KraneShares MSCI All China Health Care Index ETF (KURE) at 7.61%. This indicates that PILL's price experiences larger fluctuations and is considered to be riskier than KURE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PILL | KURE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.72% | 7.61% | +10.11% |
Volatility (6M)Calculated over the trailing 6-month period | 47.99% | 18.19% | +29.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.50% | 26.25% | +36.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.58% | 31.86% | +28.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.78% | 32.34% | +31.44% |
PILL vs. KURE - Expense Ratio Comparison
PILL has a 0.98% expense ratio, which is higher than KURE's 0.65% expense ratio.
Dividends
PILL vs. KURE - Dividend Comparison
PILL's dividend yield for the trailing twelve months is around 0.52%, less than KURE's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KURE KraneShares MSCI All China Health Care Index ETF | 4.81% | 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 | 0.52% | 0.69% | 1.28% | 1.83% | 0.67% | 0.00% | 0.00% | 0.38% | 0.91% | 0.10% |
Frequently Asked Questions
PILL and KURE 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 (17.72%) compared to KURE (7.61%). In terms of maximum drawdown, PILL dropped -88.76% vs KURE's -68.53%.
On 5-year performance, PILL leads with -7.95% vs -16.60% for KURE. On fees, KURE is cheaper at 0.65% per year. On volatility, KURE has been the lower-risk option at 7.61%. 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 -7.95% return vs -16.60%. 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 4.81%, compared with 0.52% for PILL.
PILL is categorized as Leveraged Equities, while KURE is China Equities. PILL tracks Dynamic Pharmaceuticals Intellidex Index, while KURE tracks MSCI China All Shares Health Care 10/40 Index. They also come from different issuers: Direxion and CICC. Their fees differ too: 0.98% for PILL and 0.65% for KURE.
PILL currently has the higher Sharpe Ratio (3.02 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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