PILL vs. TERG

Last updated Jun 5, 2026

PILL (Direxion Daily Pharmaceutical & Medical Bull 3X Shares) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. PILL is passively managed, while TERG is actively managed. At a 0.39 correlation, their price movements are largely independent. PILL charges 0.98%/yr vs 0.75%/yr for TERG.

Performance

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

Returns By Period

In the year-to-date period, PILL achieves a -1.69% return, which is significantly lower than TERG's 225.36% return.

PILL

• 1D: 8.24%
• 1M: -11.70%
• YTD: -1.69%
• 6M: 7.86%
• 1Y: 123.35%
• 3Y*: 16.40%
• 5Y*: -10.52%
• 10Y*: —

TERG

• 1D: -1.30%
• 1M: 23.46%
• YTD: 225.36%
• 6M: 202.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PILL vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
PILL Direxion Daily Pharmaceutical & Medical Bull 3X Shares	-1.69%	27.52%
TERG Leverage Shares 2X Long TER Daily ETF	225.36%	28.17%

Correlation

The correlation between PILL and TERG is 0.39, 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 Nov 18, 2025	0.39

Return for Risk

PILL vs. TERG — Risk / Return Rank

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

PILL

PILL Risk / Return Rank: 61
PILL Sharpe Ratio Rank: 60
PILL Sortino Ratio Rank: 52
PILL Omega Ratio Rank: 49
PILL Calmar Ratio Rank: 75
PILL Martin Ratio Rank: 68

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. TERG - 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 TER Daily ETF (TERG). 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	TERG	Difference
Sharpe ratio: Return per unit of total volatility	1.99	—	—
Sortino ratio: Return per unit of downside risk	2.51	—	—
Omega ratio: Gain probability vs. loss probability	1.30	—	—
Calmar ratio: Return relative to maximum drawdown	3.74	—	—
Martin ratio: Return relative to average drawdown	12.24	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PILL	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	9.47	-9.58

Drawdowns

PILL vs. TERG - Drawdown Comparison

The maximum PILL drawdown since its inception was -88.76%, which is greater than TERG's maximum drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for PILL and TERG.

Drawdown Indicators

	PILL	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-88.76%	-49.52%	-39.24%
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	-83.38%	—	—
Current Drawdown Current decline from peak	-66.31%	-17.07%	-49.24%
Average Drawdown Average peak-to-trough decline	-58.54%	-13.75%	-44.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.12%	—	—

Volatility

Volatility by Period

	PILL	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	48.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	62.21%	138.78%	-76.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.53%	138.78%	-78.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.83%	138.78%	-74.95%

PILL vs. TERG - Expense Ratio Comparison

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

Dividends

PILL vs. TERG - Dividend Comparison

PILL's dividend yield for the trailing twelve months is around 0.64%, while TERG has not paid dividends to shareholders.

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%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PILL and TERG in my portfolio?

PILL and TERG have a correlation of 0.39, 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 TERG?

On fees, TERG 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 TERG?

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

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

PILL has the higher dividend yield at 0.64%, compared with 0.00% for TERG.

What is the main difference between PILL and TERG?

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