DRN vs. NAIL

Last updated Jun 4, 2026

DRN (Direxion Daily Real Estate Bull 3x Shares) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both exchange-traded funds - DRN is a REIT fund tracking the MSCI US REIT Index (300%), 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, DRN returned -5.09%/yr vs 3.96%/yr for NAIL. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

DRN vs. NAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Real Estate Bull 3x Shares (DRN) 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, DRN achieves a 19.48% return, which is significantly higher than NAIL's -23.44% return. Over the past 10 years, DRN has underperformed NAIL with an annualized return of -5.09%, while NAIL has yielded a comparatively higher 3.96% annualized return.

DRN

• 1D: 0.10%
• 1M: -4.89%
• YTD: 19.48%
• 6M: 15.83%
• 1Y: 7.81%
• 3Y*: 7.35%
• 5Y*: -11.56%
• 10Y*: -5.09%

NAIL

• 1D: -2.39%
• 1M: 1.50%
• YTD: -23.44%
• 6M: -42.68%
• 1Y: -20.27%
• 3Y*: -11.78%
• 5Y*: -14.07%
• 10Y*: 3.96%

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

DRN vs. NAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRN Direxion Daily Real Estate Bull 3x Shares	19.48%	-11.24%	-5.29%	12.03%	-67.26%	152.94%	-55.37%	81.86%	-25.11%	7.50%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	-23.44%	-40.43%	-22.83%	259.61%	-75.23%	168.20%	-32.08%	184.63%	-73.96%	268.71%

Correlation

The correlation between DRN and NAIL is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Aug 20, 2015	0.52

The correlation between DRN and NAIL has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.

DRN vs. NAIL - Sectors Allocation Comparison

Sectors	DRN	NAIL
Real Estate	19.6%	0.5%
Basic Materials	0.4%	8.6%
Communication Services	-	-
Consumer Cyclical	-	71.8%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	19.1%
Technology	-	-
Utilities	-	-

Return for Risk

DRN vs. NAIL — Risk / Return Rank

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

DRN

DRN Risk / Return Rank: 12
DRN Sharpe Ratio Rank: 11
DRN Sortino Ratio Rank: 12
DRN Omega Ratio Rank: 13
DRN Calmar Ratio Rank: 12
DRN Martin Ratio Rank: 12

NAIL

NAIL Risk / Return Rank: 7
NAIL Sharpe Ratio Rank: 6
NAIL Sortino Ratio Rank: 9
NAIL Omega Ratio Rank: 9
NAIL Calmar Ratio Rank: 6
NAIL Martin Ratio Rank: 6

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.

DRN vs. NAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) 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.

	DRN	NAIL	Difference
Sharpe ratio Return per unit of total volatility	0.20	-0.23	+0.43
Sortino ratio Return per unit of downside risk	0.53	0.27	+0.27
Omega ratio Gain probability vs. loss probability	1.07	1.03	+0.04
Calmar ratio Return relative to maximum drawdown	0.32	-0.30	+0.62
Martin ratio Return relative to average drawdown	0.72	-0.53	+1.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DRN vs. NAIL - Sharpe Ratio Comparison

The current DRN Sharpe Ratio is 0.20, which is higher than the NAIL Sharpe Ratio of -0.23. The chart below compares the historical Sharpe Ratios of DRN 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

	DRN	NAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	-0.23	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	-0.16	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.08	0.04	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	-0.00	+0.21

Drawdowns

DRN vs. NAIL - Drawdown Comparison

The maximum DRN drawdown since its inception was -86.32%, smaller than the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for DRN and NAIL.

Drawdown Indicators

	DRN	NAIL	Difference
Max Drawdown Largest peak-to-trough decline	-86.32%	-93.75%	+7.43%
Max Drawdown (1Y) Largest decline over 1 year	-24.28%	-67.85%	+43.57%
Max Drawdown (3Y) Largest decline over 3 years	-48.26%	-82.09%	+33.83%
Max Drawdown (5Y) Largest decline over 5 years	-80.58%	-84.40%	+3.82%
Max Drawdown (10Y) Largest decline over 10 years	-86.32%	-93.75%	+7.43%
Current Drawdown Current decline from peak	-65.93%	-78.12%	+12.19%
Average Drawdown Average peak-to-trough decline	-35.07%	-43.80%	+8.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.91%	38.18%	-27.27%

Volatility

DRN vs. NAIL - Volatility Comparison

The current volatility for Direxion Daily Real Estate Bull 3x Shares (DRN) is 11.13%, while Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a volatility of 24.23%. This indicates that DRN 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

	DRN	NAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.13%	24.23%	-13.10%
Volatility (6M) Calculated over the trailing 6-month period	28.89%	60.86%	-31.97%
Volatility (1Y) Calculated over the trailing 1-year period	40.04%	87.63%	-47.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.65%	86.99%	-30.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.61%	89.20%	-28.59%

DRN vs. NAIL - Expense Ratio Comparison

Both DRN and NAIL have an expense ratio of 0.99%.

Dividends

DRN vs. NAIL - Dividend Comparison

DRN's dividend yield for the trailing twelve months is around 2.23%, more than NAIL's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRN Direxion Daily Real Estate Bull 3x Shares	2.23%	2.81%	2.24%	2.84%	2.70%	4.21%	1.90%	2.59%	3.11%	0.91%
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%

Frequently Asked Questions

Can I hold both DRN and NAIL in my portfolio?

DRN and NAIL have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRN or NAIL?

NAIL has higher volatility (24.23%) compared to DRN (11.13%). In terms of maximum drawdown, DRN dropped -86.32% vs NAIL's -93.75%.

Which ETF is better, DRN or NAIL?

On 10-year performance, NAIL leads with 3.96% vs -5.09% for DRN. Both ETFs have the same 0.99% expense ratio. On volatility, DRN has been the lower-risk option at 11.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRN or NAIL?

Over the 10-year period, NAIL has performed better with a 3.96% return vs -5.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRN or NAIL?

DRN and NAIL have the same expense ratio: 0.99% per year.

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

DRN has the higher dividend yield at 2.23%, compared with 1.04% for NAIL.

What is the main difference between DRN and NAIL?

DRN is categorized as REIT, while NAIL is Leveraged Equities. DRN tracks MSCI US REIT Index (300%), while NAIL tracks Dow Jones U.S. Select Home Construction Index (300%).

Which has better risk-adjusted returns?

DRN currently has the higher Sharpe Ratio (0.20 vs -0.23), 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.