BULZ vs. NAIL
BULZ (MicroSectors FANG & Innovation 3X Leveraged ETNs) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both Leveraged Equities funds - BULZ tracks the Solactive FANG Innovation Index (300%) while NAIL tracks the Dow Jones U.S. Select Home Construction Index (300%). Both are passively managed. Over the past 3 years, BULZ returned 68.81%/yr vs -20.75%/yr for NAIL. At a 0.46 correlation, their price movements are largely independent. BULZ charges 0.95%/yr vs 0.99%/yr for NAIL.
Performance
BULZ vs. NAIL - Performance Comparison
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Returns By Period
In the year-to-date period, BULZ achieves a 38.51% return, which is significantly higher than NAIL's -22.74% return.
BULZ
- 1D
- 10.04%
- 1M
- -16.61%
- 6M
- 40.54%
- YTD
- 38.51%
- 1Y
- 89.80%
- 3Y*
- 68.81%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.50%
NAIL
- 1D
- -1.60%
- 1M
- -16.35%
- 6M
- -39.64%
- YTD
- -22.74%
- 1Y
- -29.80%
- 3Y*
- -20.75%
- 5Y*
- -12.02%
- 10Y*
- 2.20%
- ALL TIME*
- 0.03%
BULZ vs. NAIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 38.51% | 60.09% | 54.09% | 394.22% | -92.26% | 9.17% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -22.74% | -40.43% | -22.83% | 259.61% | -75.23% | 50.17% |
Correlation
The correlation between BULZ and NAIL is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2021 | 0.46 |
Over the past year, the correlation between BULZ and NAIL has dropped to 0.17 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
BULZ vs. NAIL - Sectors Allocation Comparison
Sectors
BULZ
NAIL
Technology
-
Communication Services
-
Consumer Cyclical
Financial Services
-
Basic Materials
-
Consumer Defensive
-
-
Energy
-
-
Healthcare
-
-
Industrials
-
Real Estate
-
Utilities
-
-
Technology
BULZ
NAIL
-
Communication Services
BULZ
NAIL
-
Consumer Cyclical
BULZ
NAIL
Financial Services
BULZ
NAIL
-
Basic Materials
BULZ
-
NAIL
Consumer Defensive
BULZ
-
NAIL
-
Energy
BULZ
-
NAIL
-
Healthcare
BULZ
-
NAIL
-
Industrials
BULZ
-
NAIL
Real Estate
BULZ
-
NAIL
Utilities
BULZ
-
NAIL
-
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Return for Risk
BULZ vs. NAIL — Risk / Return Rank
BULZ
NAIL
BULZ vs. NAIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) 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.
| BULZ | NAIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.01 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | -0.44 | +2.11 |
| Martin ratioReturn relative to average drawdown | 3.92 | -0.70 | +4.62 |
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Drawdowns
BULZ vs. NAIL - Drawdown Comparison
The maximum BULZ drawdown since its inception was -94.44%, roughly equal to the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for BULZ and NAIL.
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Drawdown Indicators
| BULZ | NAIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.44% | -93.75% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -54.22% | -67.85% | +13.63% |
Max Drawdown (3Y)Largest decline over 3 years | -67.96% | -82.09% | +14.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.75% | — |
Current DrawdownCurrent decline from peak | -34.74% | -77.92% | +43.18% |
Average DrawdownAverage peak-to-trough decline | -57.65% | -44.14% | -13.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.96% | 42.73% | -19.77% |
Volatility
BULZ vs. NAIL - Volatility Comparison
The current volatility for MicroSectors FANG & Innovation 3X Leveraged ETNs (BULZ) is 26.72%, while Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a volatility of 28.81%. This indicates that BULZ 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
| BULZ | NAIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.72% | 28.81% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 66.44% | 64.42% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.28% | 89.85% | -7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.72% | 88.02% | +3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.72% | 89.71% | +2.01% |
BULZ vs. NAIL - Expense Ratio Comparison
BULZ has a 0.95% expense ratio, which is lower than NAIL's 0.99% expense ratio.
Dividends
BULZ vs. NAIL - Dividend Comparison
BULZ has not paid dividends to shareholders, while NAIL's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BULZ MicroSectors FANG & Innovation 3X Leveraged ETNs | 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 | 0.81% | 1.55% | 0.63% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% |
Frequently Asked Questions
BULZ and NAIL have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAIL has higher volatility (28.81%) compared to BULZ (26.72%). In terms of maximum drawdown, BULZ dropped -94.44% vs NAIL's -93.75%.
On 3-year performance, BULZ leads with 68.81% vs -20.75% for NAIL. On fees, BULZ is cheaper at 0.95% per year. On volatility, BULZ has been the lower-risk option at 26.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BULZ has performed better with a 68.81% return vs -20.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BULZ is cheaper with a 0.95% expense ratio, compared with 0.99% for NAIL.
NAIL has the higher dividend yield at 0.81%, compared with 0.00% for BULZ.
BULZ tracks Solactive FANG Innovation Index (300%), while NAIL tracks Dow Jones U.S. Select Home Construction Index (300%). They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for BULZ and 0.99% for NAIL.
BULZ currently has the higher Sharpe Ratio (1.10 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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