EDC vs. NAIL

Last updated Jun 9, 2026

EDC (Direxion Daily Emerging Markets Bull 3X Shares) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both Leveraged Equities funds from Direxion - EDC tracks the MSCI Emerging Markets Index (300%) while NAIL tracks the Dow Jones U.S. Select Home Construction Index (300%). Both are passively managed. Over the past 10 years, EDC returned 6.85%/yr vs 3.80%/yr for NAIL. At a 0.41 correlation, their price movements are largely independent. EDC charges 1.33%/yr vs 0.99%/yr for NAIL.

Performance

EDC vs. NAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Emerging Markets Bull 3X Shares (EDC) 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, EDC achieves a 48.75% return, which is significantly higher than NAIL's -23.54% return. Over the past 10 years, EDC has outperformed NAIL with an annualized return of 6.85%, while NAIL has yielded a comparatively lower 3.80% annualized return.

EDC

• 1D: 5.30%
• 1M: -13.15%
• YTD: 48.75%
• 6M: 54.72%
• 1Y: 130.29%
• 3Y*: 40.47%
• 5Y*: -3.49%
• 10Y*: 6.85%

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)

EDC vs. NAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDC Direxion Daily Emerging Markets Bull 3X Shares	48.75%	94.58%	-2.00%	7.48%	-60.25%	-20.81%	6.49%	43.92%	-49.87%	138.61%
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 EDC and NAIL is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.41

EDC vs. NAIL - Sectors Allocation Comparison

Sectors	EDC	NAIL
Technology	32.7%	-
Financial Services	20.8%	-
Consumer Cyclical	10.3%	71.8%
Communication Services	7.8%	-
Industrials	7.3%	19.1%
Basic Materials	7.0%	8.6%
Energy	4.4%	-
Consumer Defensive	3.2%	-
Healthcare	3.2%	-
Utilities	2.2%	-
Real Estate	1.1%	0.5%

Return for Risk

EDC vs. NAIL — Risk / Return Rank

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

EDC

EDC Risk / Return Rank: 67
EDC Sharpe Ratio Rank: 71
EDC Sortino Ratio Rank: 55
EDC Omega Ratio Rank: 63
EDC Calmar Ratio Rank: 75
EDC Martin Ratio Rank: 71

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.

EDC vs. NAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bull 3X Shares (EDC) 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.

	EDC	NAIL	Difference
Sharpe ratio: Return per unit of total volatility	2.07	-0.26	+2.33
Sortino ratio: Return per unit of downside risk	2.40	0.22	+2.18
Omega ratio: Gain probability vs. loss probability	1.35	1.02	+0.32
Calmar ratio: Return relative to maximum drawdown	3.45	-0.33	+3.78
Martin ratio: Return relative to average drawdown	11.91	-0.58	+12.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDC vs. NAIL - Sharpe Ratio Comparison

The current EDC Sharpe Ratio is 2.07, which is higher than the NAIL Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of EDC 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

	EDC	NAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	-0.26	+2.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	-0.15	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.04	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	-0.00	+0.03

Drawdowns

EDC vs. NAIL - Drawdown Comparison

The maximum EDC drawdown since its inception was -92.54%, roughly equal to the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for EDC and NAIL.

Drawdown Indicators

	EDC	NAIL	Difference
Max Drawdown Largest peak-to-trough decline	-92.54%	-93.75%	+1.21%
Max Drawdown (1Y) Largest decline over 1 year	-37.98%	-67.85%	+29.87%
Max Drawdown (3Y) Largest decline over 3 years	-49.48%	-82.09%	+32.61%
Max Drawdown (5Y) Largest decline over 5 years	-80.70%	-84.40%	+3.70%
Max Drawdown (10Y) Largest decline over 10 years	-87.01%	-93.75%	+6.74%
Current Drawdown Current decline from peak	-68.43%	-78.15%	+9.72%
Average Drawdown Average peak-to-trough decline	-65.36%	-43.83%	-21.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.98%	38.74%	-27.76%

Volatility

EDC vs. NAIL - Volatility Comparison

Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a higher volatility of 32.98% compared to Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) at 21.13%. This indicates that EDC's price experiences larger fluctuations and is considered to be riskier than NAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDC	NAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.98%	21.13%	+11.85%
Volatility (6M) Calculated over the trailing 6-month period	56.90%	60.31%	-3.41%
Volatility (1Y) Calculated over the trailing 1-year period	63.31%	87.48%	-24.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.41%	86.98%	-29.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.03%	89.20%	-28.17%

EDC vs. NAIL - Expense Ratio Comparison

EDC has a 1.33% expense ratio, which is higher than NAIL's 0.99% expense ratio.

Dividends

EDC vs. NAIL - Dividend Comparison

EDC's dividend yield for the trailing twelve months is around 1.15%, more than NAIL's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDC Direxion Daily Emerging Markets Bull 3X Shares	1.15%	1.79%	3.94%	3.54%	0.00%	0.18%	0.44%	0.97%	0.78%	0.25%
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 EDC and NAIL in my portfolio?

EDC and NAIL have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDC or NAIL?

EDC has higher volatility (32.98%) compared to NAIL (21.13%). In terms of maximum drawdown, EDC dropped -92.54% vs NAIL's -93.75%.

Which ETF is better, EDC or NAIL?

On 10-year performance, EDC leads with 6.85% vs 3.80% for NAIL. On fees, NAIL is cheaper at 0.99% per year. On volatility, NAIL has been the lower-risk option at 21.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDC or NAIL?

Over the 10-year period, EDC has performed better with a 6.85% return vs 3.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDC or NAIL?

NAIL is cheaper with a 0.99% expense ratio, compared with 1.33% for EDC.

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

EDC has the higher dividend yield at 1.15%, compared with 1.04% for NAIL.

What is the main difference between EDC and NAIL?

EDC tracks MSCI Emerging Markets Index (300%), while NAIL tracks Dow Jones U.S. Select Home Construction Index (300%). Their fees differ too: 1.33% for EDC and 0.99% for NAIL.

Which has better risk-adjusted returns?

EDC currently has the higher Sharpe Ratio (2.07 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.