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ETFs

Direxion Daily Pharmaceutical & Medical Bull 3X Shares

PILL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 15 2017
Expense Ratio
0.97%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$169,980
AUM
$9,032,260
Associated Index
S&P Pharmaceuticals Select Industry Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN FINL SQ TRSRY INST 506
4.59%
n/a
GOLDMAN FS GOVT INST
1.56%
n/a
DREYFUS GOVT CASH MGMT
1.34%
n/a
GOLDMAN FINL SQ TRSRY INS
1.15%
n/a
GOLDMAN FS GOVT INST
1.09%
AXSM
Axsome Therapeutics Inc
0.94%
RPRX
Royalty Pharma plc - Ordinary Shares - Class A
0.93%
LLY
Lilly(Eli) & Co
0.92%
PFE
Pfizer Inc.
0.90%
JAZZ
Jazz Pharmaceuticals plc
0.89%
Invest with PILL

What is PILL?

The Direxion Daily Pharmaceutical & Medical Bull 3X Shares seek daily investment results, before fees and expenses of 300% of the performance of the S&P Pharmaceuticals Select Industry Index. The S&P Pharmaceuticals Select Industry Index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the Global Industry Classification Standard (GICS) pharmaceuticals sub-industry. To be eligible for inclusion in the Index, stocks must satisfy one of the following combined size and liquidity criteria: (1) have a float-adjusted market capitalization above $300 million with a float-adjusted liquidity ratio (defined by dollar value traded over the previous 12 months divided by the float-adjusted market capitalization as of the Index rebalancing reference date) above 50%; (2) have a float-adjusted market capitalization above $500 million with a float-adjusted liquidity ratio above 90%; or (3) have a float-adjusted market capitalization above $400 million with a float-adjusted liquidity ratio above 150%. The Index is rebalanced quarterly.

ETFs related toPILL

ETFs correlated to PILL include XPH, IBB, BIB

PILL
Direxion Shares ETF Trust - Direxion Daily Pharmaceutical & Medical Bull 3X Shares
XPH
SPDR Series Trust - SPDR Pharmaceuticals ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
BIB
ProShares Trust - ProShares Ultra Nasdaq Biotechnology 2X Shares
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
IHE
BlackRock Institutional Trust Company N.A. - iShares U.S. Pharmaceuticals ETF
XBI
SPDR Series Trust - SPDR Biotech ETF
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
BBH
VanEck ETF Trust - VanEck Biotech ETF
GNOM
Global X Funds - Global X Genomics & Biotechnology ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPILL

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PILL using Composer

FAQ

PILL is a US Equities ETF. The Direxion Daily Pharmaceutical & Medical Bull 3X Shares seek daily investment results, before fees and expenses of 300% of the performance of the S&P Pharmaceuticals Select Industry Index. The S&P Pharmaceuticals Select Industry Index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the Global Industry Classification Standard (GICS) pharmaceuticals sub-industry. To be eligible for inclusion in the Index, stocks must satisfy one of the following combined size and liquidity criteria: (1) have a float-adjusted market capitalization above $300 million with a float-adjusted liquidity ratio (defined by dollar value traded over the previous 12 months divided by the float-adjusted market capitalization as of the Index rebalancing reference date) above 50%; (2) have a float-adjusted market capitalization above $500 million with a float-adjusted liquidity ratio above 90%; or (3) have a float-adjusted market capitalization above $400 million with a float-adjusted liquidity ratio above 150%. The Index is rebalanced quarterly.

PILL tracks the S&P Pharmaceuticals Select Industry Index.

No, PILL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PILL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PILL is -0.166%. This is the percent change in the value of PILL over the most recent 1-month period. The 3-month return on PILL is -0.0544%. This is the percent change in the value of PILL over the most recent 3-month period.

The standard deviation of PILL for the past year is 0.6972%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PILL include SQQQ, PSQ, and SPXL.

ETFs correlated to PILL include XPH, IBB, and BIB.

ETFs that are inversely correlated to PILL include LABD, RWM, and TWM.

Yes, PILL is a Leveraged (3x) ETF: This means that PILL will try to match the performance of S&P Pharmaceuticals Select Industry Index, but with 3x the returns.

Yes, PILL is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Pharmaceuticals Select Industry Index, but move 3x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.