PILL vs. NBIG

Last updated Jun 23, 2026

PILL (Direxion Daily Pharmaceutical & Medical Bull 3X Shares) and NBIG (Leverage Shares 2X Long NBIS Daily ETF) are both Leveraged Equities funds. PILL is passively managed, while NBIG is actively managed. At a 0.29 correlation, their price movements are largely independent. PILL charges 0.98%/yr vs 0.75%/yr for NBIG.

Performance

PILL vs. NBIG - 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 NBIS Daily ETF (NBIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PILL achieves a 20.53% return, which is significantly lower than NBIG's 565.40% return.

PILL

• 1D: 5.04%
• 1M: 21.49%
• YTD: 20.53%
• 6M: 14.24%
• 1Y: 186.97%
• 3Y*: 22.38%
• 5Y*: -7.95%
• 10Y*: —

NBIG

• 1D: -1.88%
• 1M: 60.92%
• YTD: 565.40%
• 6M: 432.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PILL vs. NBIG - Yearly Performance Comparison

	2026 (YTD)	2025
PILL Direxion Daily Pharmaceutical & Medical Bull 3X Shares	20.53%	47.32%
NBIG Leverage Shares 2X Long NBIS Daily ETF	565.40%	-59.80%

Correlation

The correlation between PILL and NBIG is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.29

Return for Risk

PILL vs. NBIG — Risk / Return Rank

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

PILL

PILL Risk / Return Rank: 83
PILL Sharpe Ratio Rank: 91
PILL Sortino Ratio Rank: 74
PILL Omega Ratio Rank: 68
PILL Calmar Ratio Rank: 91
PILL Martin Ratio Rank: 88

NBIG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. NBIG - 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 NBIS Daily ETF (NBIG). 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	NBIG	Difference
Sharpe ratio: Return per unit of total volatility	3.02	—	—
Sortino ratio: Return per unit of downside risk	3.19	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	5.67	—	—
Martin ratio: Return relative to average drawdown	18.65	—	—

Drawdowns

PILL vs. NBIG - Drawdown Comparison

The maximum PILL drawdown since its inception was -88.76%, which is greater than NBIG's maximum drawdown of -75.83%. Use the drawdown chart below to compare losses from any high point for PILL and NBIG.

Drawdown Indicators

	PILL	NBIG	Difference
Max Drawdown Largest peak-to-trough decline	-88.76%	-75.83%	-12.93%
Max Drawdown (1Y) Largest decline over 1 year	-33.21%	—	—
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	-58.70%	-1.88%	-56.82%
Average Drawdown Average peak-to-trough decline	-58.54%	-40.91%	-17.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.07%	—	—

Volatility

Volatility by Period

	PILL	NBIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	47.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	62.50%	199.52%	-137.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.58%	199.52%	-138.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.78%	199.52%	-135.74%

PILL vs. NBIG - Expense Ratio Comparison

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

Dividends

PILL vs. NBIG - Dividend Comparison

PILL's dividend yield for the trailing twelve months is around 0.52%, while NBIG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NBIG Leverage Shares 2X Long NBIS Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PILL Direxion Daily Pharmaceutical & Medical Bull 3X Shares	0.52%	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 NBIG in my portfolio?

PILL and NBIG have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PILL or NBIG?

On fees, NBIG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PILL or NBIG?

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

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

PILL has the higher dividend yield at 0.52%, compared with 0.00% for NBIG.

What is the main difference between PILL and NBIG?

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