# PILL (Direxion Daily Pharmaceutical & Medical Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: PILL returned −19.5% where its own daily promise gave −18.2%, 1.2 points short.

## Key facts

- PILL, what XPH did: −5.2%, as of Oct 2, 2026.
- PILL, what 3 times a day gives: −18.2%, as of Oct 2, 2026.
- PILL, what the fund returned: −19.5%, as of Oct 2, 2026.
- PILL, the fund itself cost: −1.3 pts, as of Oct 2, 2026.
- PILL, net assets: $16m (issuer page, as of Oct 1, 2026).
- PILL, expense ratio: 0.98% (485BPOS XBRL, Feb 26, 2026).

## PILL over each window to Oct 2, 2026

| Window | Fund | XPH | +3x the move | Difference | XPH moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −30.6% | −10.9% | −32.7% | +2.1 pts | 21% |
| 3 months | −19.5% | −5.2% | −15.5% | −3.9 pts | 23% |
| 6 months | +40.3% | +16.5% | +49.4% | −9.2 pts | 23% |
| 1 year | +80.5% | +32.5% | +97.4% | −16.9 pts | 23% |
| 3 years | +135.0% | +70.4% | +211.2% | −76.2 pts | 21% |
| Since launch | −32.5% | +68.5% | +205.6% | −238.1 pts | 22% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of XPH, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.76 times, against +3 stated | ETFIQ |
| Underlying | XPH | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $16m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.98% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Nov 15, 2017 | ETFIQ |
| Underlying volatility over the window | 23% annualized | ETFIQ |

## Questions

### Did PILL return +3 times XPH?

Over the window to Oct 2, 2026, XPH moved −5.2% and PILL returned −19.5%. 3 times that move is −15.5%, so the fund came out 3.9 points short of it.

### Why does PILL not return +3 times over a year?

Because it resets daily. PILL aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, PILL, data as of Oct 2, 2026. https://etfiq.com/funds/pill
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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