AGQ vs. NAIL
AGQ (ProShares Ultra Silver) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both exchange-traded funds - AGQ is a Silver fund tracking the Bloomberg Silver Subindex (200%), while NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%). Both are passively managed. Over the past 10 years, AGQ returned 1.71%/yr vs 2.37%/yr for NAIL. At a 0.12 correlation, their price movements are largely independent. AGQ charges 0.93%/yr vs 0.99%/yr for NAIL.
Performance
AGQ vs. NAIL - Performance Comparison
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Returns By Period
In the year-to-date period, AGQ achieves a -60.66% return, which is significantly lower than NAIL's -21.48% return. Over the past 10 years, AGQ has underperformed NAIL with an annualized return of 1.71%, while NAIL has yielded a comparatively higher 2.37% annualized return.
AGQ
- 1D
- 0.96%
- 1M
- -28.17%
- 6M
- -74.91%
- YTD
- -60.66%
- 1Y
- 15.33%
- 3Y*
- 24.96%
- 5Y*
- 7.33%
- 10Y*
- 1.71%
- ALL TIME*
- 1.64%
NAIL
- 1D
- -5.96%
- 1M
- -14.99%
- 6M
- -42.99%
- YTD
- -21.48%
- 1Y
- -29.20%
- 3Y*
- -20.33%
- 5Y*
- -12.06%
- 10Y*
- 2.37%
- ALL TIME*
- 0.18%
AGQ vs. NAIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | -60.66% | 360.71% | 23.92% | -15.09% | -7.89% | -32.25% | 62.02% | 20.02% | -22.10% | 5.49% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -21.48% | -40.43% | -22.83% | 259.61% | -75.23% | 168.20% | -32.08% | 184.63% | -73.96% | 268.71% |
Correlation
The correlation between AGQ and NAIL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | 0.12 |
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Return for Risk
AGQ vs. NAIL — Risk / Return Rank
AGQ
NAIL
AGQ vs. NAIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Silver (AGQ) and Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGQ | NAIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.01 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | -0.43 | +0.61 |
| Martin ratioReturn relative to average drawdown | 0.31 | -0.69 | +1.00 |
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Drawdowns
AGQ vs. NAIL - Drawdown Comparison
The maximum AGQ drawdown since its inception was -98.16%, roughly equal to the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for AGQ and NAIL.
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Drawdown Indicators
| AGQ | NAIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.16% | -93.75% | -4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -85.13% | -67.85% | -17.28% |
Max Drawdown (3Y)Largest decline over 3 years | -85.13% | -82.09% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -85.13% | -84.40% | -0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -85.13% | -93.75% | +8.62% |
Current DrawdownCurrent decline from peak | -91.65% | -77.56% | -14.09% |
Average DrawdownAverage peak-to-trough decline | -79.91% | -44.13% | -35.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.99% | 42.56% | +6.43% |
Volatility
AGQ vs. NAIL - Volatility Comparison
The current volatility for ProShares Ultra Silver (AGQ) is 25.72%, while Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a volatility of 30.62%. This indicates that AGQ experiences smaller price fluctuations and is considered to be less risky than NAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGQ | NAIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.72% | 30.62% | -4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 129.62% | 64.50% | +65.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 125.29% | 90.02% | +35.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.07% | 88.05% | -11.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.33% | 89.71% | -23.38% |
AGQ vs. NAIL - Expense Ratio Comparison
AGQ has a 0.93% expense ratio, which is lower than NAIL's 0.99% expense ratio.
Dividends
AGQ vs. NAIL - Dividend Comparison
AGQ has not paid dividends to shareholders, while NAIL's dividend yield for the trailing twelve months is around 0.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AGQ ProShares Ultra Silver | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.79% | 1.55% | 0.63% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% |
Frequently Asked Questions
AGQ and NAIL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAIL has higher volatility (30.62%) compared to AGQ (25.72%). In terms of maximum drawdown, AGQ dropped -98.16% vs NAIL's -93.75%.
On 10-year performance, NAIL leads with 2.37% vs 1.71% for AGQ. On fees, AGQ is cheaper at 0.93% per year. On volatility, AGQ has been the lower-risk option at 25.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NAIL has performed better with a 2.37% return vs 1.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AGQ is cheaper with a 0.93% expense ratio, compared with 0.99% for NAIL.
NAIL has the higher dividend yield at 0.79%, compared with 0.00% for AGQ.
AGQ is categorized as Silver, while NAIL is Leveraged Equities. AGQ tracks Bloomberg Silver Subindex (200%), while NAIL tracks Dow Jones U.S. Select Home Construction Index (300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.93% for AGQ and 0.99% for NAIL.
AGQ currently has the higher Sharpe Ratio (0.12 vs -0.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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