PILL vs. TMF
Compare and contrast key facts about Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
PILL and TMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PILL is a passively managed fund by Direxion that tracks the performance of the Dynamic Pharmaceuticals Intellidex Index. It was launched on Nov 15, 2017. TMF is a passively managed fund by Direxion that tracks the performance of the NYSE 20 Year Plus Treasury Bond Index (300%). It was launched on Apr 16, 2009. Both PILL and TMF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PILL vs. TMF - Performance Comparison
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PILL vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PILL Direxion Daily Pharmaceutical & Medical Bull 3X Shares | -13.41% | 75.14% | -7.26% | -12.06% | -43.16% | -37.33% | 0.28% | 19.26% | -21.15% | 16.39% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -3.05% | -2.94% | -35.95% | -13.01% | -72.60% | -19.80% | 39.02% | 34.75% | -11.01% | 1.10% |
Returns By Period
In the year-to-date period, PILL achieves a -13.41% return, which is significantly lower than TMF's -3.05% return.
PILL
- 1D
- 4.11%
- 1M
- -16.66%
- YTD
- -13.41%
- 6M
- 28.03%
- 1Y
- 69.42%
- 3Y*
- 8.95%
- 5Y*
- -12.72%
- 10Y*
- —
TMF
- 1D
- -0.28%
- 1M
- -10.73%
- YTD
- -3.05%
- 6M
- -9.57%
- 1Y
- -17.24%
- 3Y*
- -23.47%
- 5Y*
- -29.34%
- 10Y*
- -15.81%
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PILL vs. TMF - Expense Ratio Comparison
PILL has a 0.98% expense ratio, which is lower than TMF's 1.09% expense ratio.
Return for Risk
PILL vs. TMF — Risk / Return Rank
PILL
TMF
PILL vs. TMF - 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 20-Year Treasury Bull 3X (TMF). 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 | TMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | -0.51 | +1.53 |
Sortino ratioReturn per unit of downside risk | 1.63 | -0.52 | +2.15 |
Omega ratioGain probability vs. loss probability | 1.20 | 0.94 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | -0.56 | +1.89 |
Martin ratioReturn relative to average drawdown | 3.67 | -0.89 | +4.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PILL | TMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | -0.51 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | -0.63 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | -0.13 | 0.00 |
Correlation
The correlation between PILL and TMF is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PILL vs. TMF - Dividend Comparison
PILL's dividend yield for the trailing twelve months is around 0.72%, less than TMF's 4.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PILL Direxion Daily Pharmaceutical & Medical Bull 3X Shares | 0.72% | 0.69% | 1.28% | 1.83% | 0.67% | 0.00% | 0.00% | 0.38% | 0.91% | 0.10% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 4.02% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Drawdowns
PILL vs. TMF - Drawdown Comparison
The maximum PILL drawdown since its inception was -88.76%, roughly equal to the maximum TMF drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for PILL and TMF.
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Drawdown Indicators
| PILL | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.76% | -92.61% | +3.85% |
Max Drawdown (1Y)Largest decline over 1 year | -36.51% | -27.13% | -9.38% |
Max Drawdown (5Y)Largest decline over 5 years | -83.38% | -88.37% | +4.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.61% | — |
Current DrawdownCurrent decline from peak | -70.33% | -91.97% | +21.64% |
Average DrawdownAverage peak-to-trough decline | -58.39% | -43.14% | -15.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.31% | 16.98% | -3.67% |
Volatility
PILL vs. TMF - Volatility Comparison
Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) has a higher volatility of 26.05% compared to Direxion Daily 20-Year Treasury Bull 3X (TMF) at 10.85%. This indicates that PILL's price experiences larger fluctuations and is considered to be riskier than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PILL | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.05% | 10.85% | +15.20% |
Volatility (6M)Calculated over the trailing 6-month period | 46.70% | 19.49% | +27.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.59% | 33.77% | +35.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.66% | 46.81% | +12.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.76% | 44.00% | +19.76% |