CURE +3x Direxion Daily Healthcare Bull 3X ETF

CURE

ETF +3x BULL extreme
Direxion Daily Healthcare Bull 3X ETF
Issuer: Direxion · Tracks: Healthcare (XLV) · Listed: 2011-06-15
Implied AUM
$168.1M
Last Close
$112.06
20260720
30d Avg Vol
91,819
Options
available
Realized return vs theoretical +3x Healthcare
Other leveraged products tracking Healthcare
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
RXL +2x BULL ProShares ProShares Ultra Health Care $81.1M 13,107
RXD -2x BEAR ProShares ProShares UltraShort Health Care $3.4M 4,182

How CURE works

CURE targets +3x the daily return of Healthcare — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +3x product on an underlying with 25% annualized vol, expected annual drag is around 18.8%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on CURE carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.