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PILL vs UDOW

Direxion Daily Pharmaceutical & Medical Bull 3X ETF

PILLDNYSE Arca

ProShares UltraPro Dow30

UDOWANYSE Arca

Overlap

0.8%by weight

Expense ratio

UDOW −0.04pt a year

PILL0.98%UDOW0.94%

Avg volume · 30D

UDOW 27.9×the volume

PILL61.4KUDOW1.72M

5Y return · a year

UDOW +13.2pt

PILL−2.5%UDOW+10.7%

PILL vs UDOW Performance

Oct 29, 2021 – Oct 30, 2026

−11.9%PILL+66.5%UDOW

Oct 29, 2021 to Oct 30, 2026. PILL −11.9%. UDOW +66.5%. Use the arrow keys to read each point.−50%100%Oct 2021Apr 2024Oct 2026
Expense ratio
PILL 0.98%
UDOW 0.94%, better
Fund size
PILL $16M
UDOW $841M
1Y total return
PILL +71.9%, better
UDOW +16.0%
Yield (12M)
PILL 0.39%
UDOW 1.06%, better
Holdings
PILL 68
UDOW 33
Avg volume (30D)
PILL 61.4K sh
UDOW 1.72M sh, better
NAV per share
PILL $15.61
UDOW $65.43
52W range

ETF.net Grade

PILL: Cost 38, Risk 53, Mission not scored, Tradability 25, Holdings not scored, Durability 22. UDOW: Cost 78, Risk 85, Mission 77, Tradability 89, Holdings 56, Durability 71.
Pillar letters and Scores for PILL, UDOW, with each pillar’s weight
PillarPILLUDOW
Cost30% weightD38A78Higher
Mission25% weightNot scoredA77
Risk15% weightC53A85Higher
Tradability15% weightD25A89Higher
Holdings10% weightNot scoredB56
Durability5% weightF22A71Higher

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PILL and UDOW are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

UDOW ranks 2nd and PILL 21st of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 20CTNADirexion Daily Small Cap Bull 3X ETFScore 41
  5. Rank 21DPILLDirexion Daily Pharmaceutical & Medical Bull 3X ETFScore 37
  6. Rank 22DEURLDirexion Daily FTSE Europe Bull 3X ETFScore 35

Our read on each fund

ETF.net Research

PILLDDirexion Daily Pharmaceutical & Medical Bull 3X ETF

UDOWAProShares UltraPro Dow30

In short

PILL Three times the daily move of an equal-weight pharma index: not only Big Pharma, but the whole drug-development bench. 0.98% net of a waiver through September 1, 2027, and the daily reset makes it a trading tool.

UDOW The only 3x daily play on the Dow: 30 blue-chip names, price-weighted, reset every session. It is the industrial cousin of the semis-and-Nasdaq crowd that fills the leveraged aisle, and it has run since 2010.

Stated mandate

PILL The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the S&P Pharmaceuticals Select Industry Index.

UDOW The Fund seeks daily results equal to three times the daily performance of the Dow Jones Industrial Average before fees and expenses. It uses equity securities, derivatives, and money-market instruments to pursue that daily leveraged exposure.

Why people hold it

  • PILL Rare pure-play leverage on drugmakers: 300% of the daily move of the S&P Pharmaceuticals Select Industry Index, while most 3x funds point at chips, banks or broad indexes.direxion.com
  • The index is modified equal weight, rebalanced quarterly, so a giant drugmaker and a small clinical-stage developer can sit at similar weights across about 50 holdings.spindices.comdirexion.com
  • Fee sits near the median for 3x funds: 0.98% net of a waiver through September 1, 2027, against a 1.22% gross ratio.
  • Trading since 2017, so there is a long public record of how the daily-reset math behaves through pharma booms and drawdowns.
  • UDOW ProShares calls UDOW the only ETF targeting 3x the daily move of the Dow. In a 3x aisle crowded with semiconductor and Nasdaq bets, the blue-chip index has exactly one lever.proshares.com
  • The Dow is a price-weighted measure of 30 US blue chips, so the exposure leans industrials, financials and health care instead of megacap tech.spglobal.com
  • Trading since 2010, it has run through several full market cycles and stays actively traded, which matters when the holding period is hours rather than years.
  • Among the stronger implementations in its 3x bull peer group, it stays close to its stated daily target and trades with the depth short-horizon traders look for.

Worth knowing

  • PILL Direxion's fact sheet is blunt: do not expect 3x the index over periods longer than a day. Choppy stretches can grind results down even if the index ends flat.direxion.com
  • Smaller and more thinly traded than category heavyweights like TQQQ and SOXL, so the spread is worth a look before you place an order.
  • Pricier than Direxion's 3x semiconductor sibling SOXL at 0.75% net of a waiver through September 1, 2027, and that fee applies to a position built for days, not years.direxion.com
  • UDOW The 3x target resets every day. Over longer stretches, compounding and volatility can push results away from 3x the index move, as the prospectus spells out.proshares.com
  • At 0.94% with no waiver propping it up, cost sits near the typical 3x bull fund; TQQQ charges 0.78% net of a waiver through September 30, 2027.
  • Exposure is built with derivatives and cash instruments alongside stocks, so counterparty and derivative risk ride along with the market call.proshares.com

Full PILL profile⁠

Full UDOW profile⁠

PILL vs UDOW Holdings

How PILL and UDOW differ

Overlap by weight

0.8%

Shared holdings make up 2.7% of UDOW and 0.8% of PILL.

Level by level

  • Holdings2 in both0.8%
  • Sector9 Sectors14.0%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in PILL and UDOW, widest gap first
SectorMore in PILLMore in UDOW
Health CarePILL +86.0 points
FinancialsUDOW +26.3 points
TechnologyUDOW +19.1 points
IndustrialsUDOW +16.0 points
Consumer DiscretionaryUDOW +9.3 points
CommunicationUDOW +5.2 points
Consumer StaplesUDOW +3.9 points
MaterialsUDOW +3.8 points
EnergyUDOW +2.4 points

Country, concentration and asset class

Country by domicile

Country weights in PILL and UDOW, widest gap first
CountryMore in PILLMore in UDOW
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • PILL81.1%
  • UDOW68.0%

Securities held

  • PILL63
  • UDOW32

Asset class

PILL
Equity
UDOW
Equity

Holdings

  • Only in PILL61
  • In both2
  • Only in UDOW30

Only in PILL

61 securities, 26.8% of PILL by weight

  • Goldman Finl Sq Trsry Inst 5065.65%
  • Goldman Sachs Fin Gov 465 Institut1.32%
  • Veradermics Inc0.59%

Only in UDOW

30 securities, 83.5% of UDOW by weight

  • Proshares Genius Mny Mkt Etf26.20%
  • Goldman Sachs Group Inc5.73%
  • TREASURY BILL, 0%, due 2026-12-294.14%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in PILL and UDOW, widest gap first
HoldingMore in PILLMore in UDOW
Johnson & JohnsonJNJUDOW +1.33 points
Merck & Co. Inc.MRKUDOW +0.55 points

All 50 PILL holdings⁠All 46 UDOW holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PILL vs UDOW Cost

Overpaying PILL vs UDOW

$658

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PILL 0.98%

    $18,362

  • UDOW 0.94%

    $17,704

$10,000
30 years

Cost over time

  • PILL 0.98%
  • UDOW 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530PILL $18,362UDOW $17,704

Year by year

YearPILLUDOWOverpaying
10$1,729$1,661$68
20$6,504$6,260$244
30$18,362$17,704$658

Expense ratio

  • 0.98%PILL
  • 0.94%UDOW, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

UDOW 7th cheapest of 30 funds

PILL 18th cheapest of 30 funds

PILL vs UDOW Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PILL 0.39%
UDOW 1.06%, better
Payout (12M)
PILL $0.06
UDOW $0.69
Last payment
PILL $0.00094
UDOW $0.15
Ex-dividend
PILL Sep 22, 2026
UDOW Sep 23, 2026
Paid on
PILL Sep 29, 2026
UDOW Sep 29, 2026
Frequency
PILL Quarterly
UDOW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PILLQuarterly · 28 paymentsAll PILL payments⁠
One bar per payment. 28 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.01; Jun 19, 2018 $0.05; Sep 25, 2018 $0.04; Dec 27, 2018 $0.10; Mar 19, 2019 $0.06; Jun 25, 2019 $0.02; Sep 24, 2019 $0.02; Dec 23, 2019 $0.00033; Dec 21, 2021 $0.00007; Mar 22, 2022 $0.0082; Jun 22, 2022 $0.0036; Sep 20, 2022 $0.02; Dec 20, 2022 $0.03; Mar 21, 2023 $0.02; Jun 21, 2023 $0.05; Sep 19, 2023 $0.04; Dec 21, 2023 $0.04; Mar 19, 2024 $0.03; Jun 25, 2024 $0.02; Sep 24, 2024 $0.03; Dec 23, 2024 $0.01; Mar 25, 2025 $0.02; Jun 24, 2025 $0.02; Sep 23, 2025 $0.0099; Dec 23, 2025 $0.03; Mar 24, 2026 $0.01; Jun 23, 2026 $0.02; Sep 22, 2026 $0.00094. Use the arrow keys to read each point.$0$0.252017202020232026YTD
UDOWQuarterly · 15 paymentsAll UDOW payments⁠
One bar per payment. 15 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.007; Dec 26, 2017 $0.02; Dec 24, 2019 $0.07; Dec 23, 2020 $0.03; Dec 22, 2022 $0.09; Mar 20, 2024 $0.07; Jun 26, 2024 $0.16; Dec 23, 2024 $0.07; Mar 26, 2025 $0.16; Jun 25, 2025 $0.22; Sep 24, 2025 $0.23; Dec 24, 2025 $0.20; Mar 25, 2026 $0.14; Jun 24, 2026 $0.21; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$0.252017202020232026YTD

PILL vs UDOW Risk

Fall from peak · 5 years

  • PILL
  • UDOW
Oct 29, 2021 to Oct 30, 2026. Worst fall: PILL −82.0% · Apr 2025. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
PILL 61.4%UDOW 37.2%, better
Return per unit of riskSharpe ratio, 3 years
PILL 0.82UDOW 0.95, better
Worst fallMax drawdown, 5 years
PILL −82.0%UDOW −56.0%, better
Market sensitivityBeta, 5 years
PILL 1.80UDOW 2.62

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