COPX vs. NAIL

Last updated Jun 9, 2026

COPX (Global X Copper Miners ETF) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both exchange-traded funds - COPX is a Materials fund tracking the Solactive Global Copper Miners Total Return Index, 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, COPX returned 20.76%/yr vs 3.80%/yr for NAIL. At a 0.35 correlation, their price movements are largely independent. COPX charges 0.65%/yr vs 0.99%/yr for NAIL.

Performance

COPX vs. NAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Copper Miners ETF (COPX) and Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COPX achieves a 13.23% return, which is significantly higher than NAIL's -23.54% return. Over the past 10 years, COPX has outperformed NAIL with an annualized return of 20.76%, while NAIL has yielded a comparatively lower 3.80% annualized return.

COPX

• 1D: 0.81%
• 1M: -5.44%
• YTD: 13.23%
• 6M: 23.36%
• 1Y: 93.73%
• 3Y*: 32.33%
• 5Y*: 18.13%
• 10Y*: 20.76%

NAIL

• 1D: -0.92%
• 1M: -3.69%
• YTD: -23.54%
• 6M: -33.60%
• 1Y: -22.27%
• 3Y*: -13.87%
• 5Y*: -13.16%
• 10Y*: 3.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COPX vs. NAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COPX Global X Copper Miners ETF	13.23%	93.50%	3.57%	8.38%	-0.76%	23.39%	51.66%	12.48%	-31.31%	38.92%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	-23.54%	-40.43%	-22.83%	259.61%	-75.23%	168.20%	-32.08%	184.63%	-73.96%	268.71%

Correlation

The correlation between COPX and NAIL is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.35

COPX vs. NAIL - Sectors Allocation Comparison

Sectors	COPX	NAIL
Basic Materials	96.3%	8.6%
Industrials	3.7%	19.1%
Communication Services	-	-
Consumer Cyclical	-	71.8%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	0.5%
Technology	-	-
Utilities	-	-

Return for Risk

COPX vs. NAIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COPX

COPX Risk / Return Rank: 67
COPX Sharpe Ratio Rank: 76
COPX Sortino Ratio Rank: 60
COPX Omega Ratio Rank: 62
COPX Calmar Ratio Rank: 74
COPX Martin Ratio Rank: 65

NAIL

NAIL Risk / Return Rank: 8
NAIL Sharpe Ratio Rank: 7
NAIL Sortino Ratio Rank: 10
NAIL Omega Ratio Rank: 10
NAIL Calmar Ratio Rank: 6
NAIL Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COPX vs. NAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners ETF (COPX) 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.

	COPX	NAIL	Difference
Sharpe ratio: Return per unit of total volatility	2.20	-0.26	+2.46
Sortino ratio: Return per unit of downside risk	2.54	0.22	+2.32
Omega ratio: Gain probability vs. loss probability	1.34	1.02	+0.32
Calmar ratio: Return relative to maximum drawdown	3.39	-0.33	+3.72
Martin ratio: Return relative to average drawdown	10.72	-0.58	+11.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COPX vs. NAIL - Sharpe Ratio Comparison

The current COPX Sharpe Ratio is 2.20, which is higher than the NAIL Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of COPX and NAIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	COPX	NAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	-0.26	+2.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	-0.15	+0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.04	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	-0.00	+0.17

Drawdowns

COPX vs. NAIL - Drawdown Comparison

The maximum COPX drawdown since its inception was -83.16%, smaller than the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for COPX and NAIL.

Drawdown Indicators

	COPX	NAIL	Difference
Max Drawdown Largest peak-to-trough decline	-83.16%	-93.75%	+10.59%
Max Drawdown (1Y) Largest decline over 1 year	-27.82%	-67.85%	+40.03%
Max Drawdown (3Y) Largest decline over 3 years	-39.72%	-82.09%	+42.37%
Max Drawdown (5Y) Largest decline over 5 years	-42.12%	-84.40%	+42.28%
Max Drawdown (10Y) Largest decline over 10 years	-65.41%	-93.75%	+28.34%
Current Drawdown Current decline from peak	-15.06%	-78.15%	+63.09%
Average Drawdown Average peak-to-trough decline	-39.28%	-43.83%	+4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.78%	38.74%	-29.96%

Volatility

COPX vs. NAIL - Volatility Comparison

The current volatility for Global X Copper Miners ETF (COPX) is 18.19%, while Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a volatility of 21.13%. This indicates that COPX 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.

Volatility by Period

	COPX	NAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.19%	21.13%	-2.94%
Volatility (6M) Calculated over the trailing 6-month period	37.27%	60.31%	-23.04%
Volatility (1Y) Calculated over the trailing 1-year period	42.89%	87.48%	-44.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.80%	86.98%	-50.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.68%	89.20%	-53.52%

COPX vs. NAIL - Expense Ratio Comparison

COPX has a 0.65% expense ratio, which is lower than NAIL's 0.99% expense ratio.

Dividends

COPX vs. NAIL - Dividend Comparison

COPX's dividend yield for the trailing twelve months is around 2.36%, more than NAIL's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COPX Global X Copper Miners ETF	2.36%	2.68%	1.80%	2.39%	3.14%	1.48%	1.30%	1.37%	2.59%	1.57%	0.60%	1.20%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	1.04%	1.55%	0.63%	0.22%	0.00%	0.00%	0.01%	0.17%	0.35%	1.25%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COPX and NAIL in my portfolio?

COPX and NAIL have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COPX or NAIL?

NAIL has higher volatility (21.13%) compared to COPX (18.19%). In terms of maximum drawdown, COPX dropped -83.16% vs NAIL's -93.75%.

Which ETF is better, COPX or NAIL?

On 10-year performance, COPX leads with 20.76% vs 3.80% for NAIL. On fees, COPX is cheaper at 0.65% per year. On volatility, COPX has been the lower-risk option at 18.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COPX or NAIL?

Over the 10-year period, COPX has performed better with a 20.76% return vs 3.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COPX or NAIL?

COPX is cheaper with a 0.65% expense ratio, compared with 0.99% for NAIL.

Which ETF pays a higher dividend yield, COPX or NAIL?

COPX has the higher dividend yield at 2.36%, compared with 1.04% for NAIL.

What is the main difference between COPX and NAIL?

COPX is categorized as Materials, while NAIL is Leveraged Equities. COPX tracks Solactive Global Copper Miners Total Return Index, while NAIL tracks Dow Jones U.S. Select Home Construction Index (300%). They also come from different issuers: Global X and Direxion. Their fees differ too: 0.65% for COPX and 0.99% for NAIL.

Which has better risk-adjusted returns?

COPX currently has the higher Sharpe Ratio (2.20 vs -0.26), 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.