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Dividend Vision

PILL ETF — Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF

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

Updated October 16, 2026.

Verdict as of October 16, 2026

PILL's distribution is rated high risk by the Dividend Vision Distribution Safety Score™ (12/100, high confidence). It pays quarterly and its distribution rate is 0.03%. The latest total cash payment per current share, $0.001 with an ex-date of September 22, 2026, was 93.3% lower than the previous $0.015. These payments are unclassified; this does not establish a base-dividend change.

Sources: Direxion, Section 19a-1 notices, scoring methodology.

PILL is an ETF linked to Pharmaceutical & Medical. its distribution rate is 0.03%, its trailing-12-month yield is 0.44%, its expense ratio is 0.98%. Dividend Vision Distribution Safety Score™ is 12/100 (High risk). Total return is -39.0% over the past 8.9 years, 280.6 points behind SPY at 241.6%.

This ETF seeks to deliver three times the daily performance of pharmaceutical and medical stocks from the S&P Total Market Index classified in the pharmaceuticals sub-industry. It carries a modest distribution rate with quarterly distributions and an expense ratio of 0.98%; the fund employs leverage to amplify daily price movements and is non-diversified. This leveraged product appeals primarily to experienced traders seeking short-term directional exposure to the pharmaceutical sector rather than buy-and-hold investors, as daily rebalancing compounds returns and losses over time.

PILL dividend yield and income

Price as of 2026-10-16.

The distribution rate (0.03%) uses calculation basis unavailable. Trailing-12-month yield (0.44%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.001. The ex-dividend date is 09/22/2026. The payment date is 09/29/2026.

Recorded distribution timeline (28)
Ex-dateAmountChange from previous payment
2026-09-22$0.001-93.3%
Unclassified cash
2026-06-23$0.01550.0%
Unclassified cash
2026-03-24$0.01-69.7%
Unclassified cash
2025-12-23$0.033230.0%
Unclassified cash
2025-09-23$0.01-58.3%
Unclassified cash
2025-06-24$0.02433.3%
Unclassified cash
2025-03-25$0.01838.5%
Unclassified cash
2024-12-23$0.013-55.2%
Unclassified cash
2024-09-24$0.02931.8%
Unclassified cash
2024-06-25$0.022-18.5%
Unclassified cash
2024-03-19$0.027-28.9%
Unclassified cash
2023-12-21$0.0388.6%
Unclassified cash
2023-09-19$0.035-28.6%
Unclassified cash
2023-06-21$0.049157.9%
Unclassified cash
2023-03-21$0.019-40.6%
Unclassified cash
2022-12-20$0.03288.2%
Unclassified cash
2022-09-20$0.017325.0%
Unclassified cash
2022-06-22$0.004-50.0%
Unclassified cash
2022-03-22$0.00811328.6%
Unclassified cash
2021-12-21$0.00007-78.8%
Unclassified cash
2019-12-23$0.00033-97.8%
Unclassified cash
2019-09-24$0.015-31.8%
Unclassified cash
2019-06-25$0.022-61.4%
Unclassified cash
2019-03-19$0.057-42.4%
Unclassified cash
2018-12-27$0.099130.2%
Unclassified cash
2018-09-25$0.043-17.3%
Unclassified cash
2018-06-19$0.052271.4%
Unclassified cash
2017-12-19$0.014—
2017 total (partial launch year)$0.014—
2018 total$0.194—
2019 total$0.09433-51.4%
2021 total$0.00007-99.9%
2022 total$0.06187042.9%
2023 total$0.141131.1%
2024 total$0.091-35.5%
2025 total$0.085-6.6%
2026 YTD total$0.026-50.0% vs prior-year YTD

PILL dividend growth

Trailing-12-month distributions versus the preceding 12 months changed -9.2%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -71.75%.

TTM income vs TTM N years earlier
WindowChange
1Y-9.2%
3Y-56.3%

PILL holdings and sector exposure

Holdings are not available for this snapshot.

PILL performance versus SPY

Price and return data through 2026-10-16.

Total return is -39.0% over the past 8.9 years, 280.6 points behind SPY at 241.6%. Over the past year its total return — price change plus distributions reinvested — is 66.9%. Its deepest 1-year drawdown was 43.8%.

WindowTotal returnCAGR
1M-23.1%—
3M-27.3%—
6M9.3%—
YTD9.3%—
1Y66.9%—
2Y CAGR—18.20%
3Y CAGR—29.60%
5Y CAGR—-5.00%
Since inception (8.9 years)-39.0%-5.40%

PILL key facts

Distribution Safety Score™
12 · High risk
Safety-Adjusted Yield
0.00%
Issuer
Direxion
Asset type
ETF
Asset class
Equity
Inception date
11/15/2017
Expense ratio
0.98%
Distribution rate
0.03%
Distribution frequency
Quarterly
Trailing yield
0.44%
Last close
$13.41 (as of 2026-10-16)
AUM
$17,034,835
Average volume
73243.0
Dividend
$0.001
Ex-dividend date
09/22/2026
Payment date
09/29/2026
Beta
1.71

How Dividend Vision calculates yield and returns

Distribution rate (0.03%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.44%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; Index: Pharmaceutical & Medical; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PILL risks and drawbacks

PILL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 43.8%.

Who may consider PILL — and who may not

It is a weaker fit for investors who need monthly cash flow (PILL pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on PILL

Tagged: Leverage.

Frequently asked questions

Does PILL pay monthly?

No. PILL currently pays quarterly, not monthly.

What is PILL linked to?

PILL is linked to Pharmaceutical & Medical, not a broad market index.

What is PILL's expense ratio?

PILL's expense ratio is 0.98%.

What is PILL's dividend yield?

PILL's distribution rate is 0.03%, paid quarterly, with a 0.98% expense ratio — calculation basis unavailable.

How has PILL's dividend grown?

Trailing-12-month distributions versus the preceding 12 months changed -9.2%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.

When does PILL pay a dividend?

PILL pays quarterly. The dividend amount is $0.001. The ex-dividend date is 09/22/2026. The payment date is 09/29/2026.

How has PILL performed?

Total return is -39.0% over the past 8.9 years, 280.6 points behind SPY at 241.6%. Over the past year its total return — price change plus distributions reinvested — is 66.9%. Its deepest 1-year drawdown was 43.8%.

Is PILL a good investment?

PILL's Dividend Vision Distribution Safety Score is 12 (High risk). That is a risk signal, not investment advice. Its distribution rate is 0.03% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.

DividendVision analysis is generated from public SEC filing data and may not capture every change. Review the original filing for complete information.