PILL vs. SOXS
PILL (Direxion Daily Pharmaceutical & Medical Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - PILL is a Leveraged Equities fund tracking the Dynamic Pharmaceuticals Intellidex Index, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 5 years, PILL returned -10.52%/yr vs -79.43%/yr for SOXS. At a correlation of -0.48, they often move in opposite directions. PILL charges 0.98%/yr vs 1.08%/yr for SOXS.
Performance
PILL vs. SOXS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PILL achieves a -1.69% return, which is significantly higher than SOXS's -91.63% return.
PILL
- 1D
- 8.24%
- 1M
- -11.70%
- YTD
- -1.69%
- 6M
- 7.86%
- 1Y
- 123.35%
- 3Y*
- 16.40%
- 5Y*
- -10.52%
- 10Y*
- —
SOXS
- 1D
- 5.91%
- 1M
- -54.82%
- YTD
- -91.63%
- 6M
- -91.49%
- 1Y
- -97.52%
- 3Y*
- -86.60%
- 5Y*
- -79.43%
- 10Y*
- -78.82%
PILL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PILL Direxion Daily Pharmaceutical & Medical Bull 3X Shares | -1.69% | 75.14% | -7.26% | -12.06% | -43.16% | -37.33% | 0.28% | 19.26% | -21.15% | 16.39% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.63% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | 6.59% |
Correlation
The correlation between PILL and SOXS is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2017 | -0.48 |
The correlation between PILL and SOXS shifts across timeframes, from -0.48 (all time) to -0.33 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PILL vs. SOXS — Risk / Return Rank
PILL
SOXS
PILL vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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.
| PILL | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.95 | ||
| Sortino ratioReturn per unit of downside risk | +6.34 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.59 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | -1.00 | +4.73 |
| Martin ratioReturn relative to average drawdown | 12.24 | -1.43 | +13.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PILL | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | -0.96 | +2.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | -0.74 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | -0.79 | +0.68 |
Drawdowns
PILL vs. SOXS - Drawdown Comparison
The maximum PILL drawdown since its inception was -88.76%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for PILL and SOXS.
Loading charts...
Drawdown Indicators
| PILL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.76% | -100.00% | +11.24% |
Max Drawdown (1Y)Largest decline over 1 year | -33.21% | -97.68% | +64.47% |
Max Drawdown (3Y)Largest decline over 3 years | -60.43% | -99.80% | +39.37% |
Max Drawdown (5Y)Largest decline over 5 years | -83.38% | -99.97% | +16.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -66.31% | -100.00% | +33.69% |
Average DrawdownAverage peak-to-trough decline | -58.54% | -92.61% | +34.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 68.11% | -57.99% |
Volatility
PILL vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) is 22.02%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.24%. This indicates that PILL experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PILL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.02% | 44.24% | -22.22% |
Volatility (6M)Calculated over the trailing 6-month period | 48.70% | 84.19% | -35.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.21% | 102.19% | -39.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.53% | 108.21% | -47.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.83% | 100.48% | -36.65% |
PILL vs. SOXS - Expense Ratio Comparison
PILL has a 0.98% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
PILL vs. SOXS - Dividend Comparison
PILL's dividend yield for the trailing twelve months is around 0.64%, less than SOXS's 64.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PILL Direxion Daily Pharmaceutical & Medical Bull 3X Shares | 0.64% | 0.69% | 1.28% | 1.83% | 0.67% | 0.00% | 0.00% | 0.38% | 0.91% | 0.10% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 64.53% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% |
Frequently Asked Questions
PILL and SOXS have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.24%) compared to PILL (22.02%). In terms of maximum drawdown, PILL dropped -88.76% vs SOXS's -100.00%.
On 5-year performance, PILL leads with -10.52% vs -79.43% for SOXS. On fees, PILL is cheaper at 0.98% per year. On volatility, PILL has been the lower-risk option at 22.02%. 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 -10.52% return vs -79.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PILL is cheaper with a 0.98% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 64.53%, compared with 0.64% for PILL.
PILL is categorized as Leveraged Equities, while SOXS is Inverse Equities. PILL tracks Dynamic Pharmaceuticals Intellidex Index, while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 0.98% for PILL and 1.08% for SOXS.
PILL currently has the higher Sharpe Ratio (1.99 vs -0.95), 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.
Find the right allocation for PILL and SOXS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer