FDEGX vs. NAIL

Last updated Aug 1, 2026

FDEGX (Fidelity Growth Strategies Fund) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X ETF) are both funds - FDEGX is a Mid Cap Growth Equities fund actively managed by Fidelity, while NAIL is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index. FDEGX is actively managed, while NAIL is passively managed. Over the past 10 years, FDEGX returned 11.15%/yr vs 2.80%/yr for NAIL. Their 0.58 correlation means they have sometimes moved together and sometimes differently. FDEGX charges 0.69%/yr vs 0.96%/yr for NAIL.

Performance

FDEGX vs. NAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Strategies Fund (FDEGX) and Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDEGX achieves a 3.63% return, which is significantly higher than NAIL's -25.11% return. Over the past 10 years, FDEGX has outperformed NAIL with an annualized return of 11.15%, while NAIL has yielded a comparatively lower 2.80% annualized return.

FDEGX

• 1D: 3.45%
• 1M: -6.65%
• 6M: 3.54%
• YTD: 3.63%
• 1Y: -5.46%
• 3Y*: 11.50%
• 5Y*: 4.68%
• 10Y*: 11.15%
• ALL TIME*: 9.42%

NAIL

• 1D: -3.77%
• 1M: -24.78%
• 6M: -35.02%
• YTD: -25.11%
• 1Y: -40.69%
• 3Y*: -23.69%
• 5Y*: -14.77%
• 10Y*: 2.80%
• ALL TIME*: -0.25%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDEGX Fidelity Growth Strategies Fund	$0.00	$0.00	$0.00
NAIL Direxion Daily Homebuilders & Supplies Bull 3X ETF	$44.87M	$43.82M	$62.70M

FDEGX vs. NAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDEGX Fidelity Growth Strategies Fund	3.63%	2.88%	26.57%	20.93%	-26.50%	21.30%	29.34%	36.59%	-6.92%	21.03%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X ETF	-25.11%	-40.43%	-22.83%	259.61%	-75.23%	168.20%	-32.08%	184.63%	-73.96%	268.71%

Correlation

The correlation between FDEGX and NAIL is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.52
Correlation (5Y) Shows whether the relationship held over a longer period.	0.62
Correlation (10Y) Provides a long-term view across more market conditions.	0.59
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.58

The correlation between FDEGX and NAIL shifts across timeframes, from 0.42 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FDEGX vs. NAIL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDEGX

FDEGX Risk / Return Rank: 2
FDEGX Sharpe Ratio Rank: 2
FDEGX Sortino Ratio Rank: 2
FDEGX Omega Ratio Rank: 2
FDEGX Calmar Ratio Rank: 2
FDEGX Martin Ratio Rank: 1

NAIL

NAIL Risk / Return Rank: 6
NAIL Sharpe Ratio Rank: 6
NAIL Sortino Ratio Rank: 8
NAIL Omega Ratio Rank: 8
NAIL Calmar Ratio Rank: 5
NAIL Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDEGX vs. NAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) and Direxion Daily Homebuilders & Supplies Bull 3X ETF (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.

	FDEGX	NAIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.31	-0.41	+0.10
Sortino ratio: Return per unit of downside risk	-0.27	-0.12	-0.15
Omega ratio: Gain probability vs. loss probability	0.97	0.99	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.37	-0.53	+0.16
Martin ratio: Return relative to average drawdown	-0.89	-0.82	-0.08

FDEGX vs. NAIL - Sharpe Ratio Comparison

The current FDEGX Sharpe Ratio is -0.31, which is comparable to the NAIL Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of FDEGX 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.

Drawdowns

FDEGX vs. NAIL - Drawdown Comparison

The maximum FDEGX drawdown since its inception was -85.96%, smaller than the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for FDEGX and NAIL.

Drawdown Indicators

	FDEGX	NAIL	Difference
Max Drawdown Largest peak-to-trough decline	-85.96%	-93.75%	+7.79%
Max Drawdown (1Y) Largest decline over 1 year	-20.45%	-67.85%	+47.40%
Max Drawdown (3Y) Largest decline over 3 years	-26.04%	-82.09%	+56.05%
Max Drawdown (5Y) Largest decline over 5 years	-36.62%	-84.40%	+47.78%
Max Drawdown (10Y) Largest decline over 10 years	-36.62%	-93.75%	+57.13%
Current Drawdown Current decline from peak	-11.12%	-78.60%	+67.48%
Average Drawdown Average peak-to-trough decline	-36.68%	-44.24%	+7.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.42%	43.97%	-35.55%

Volatility

FDEGX vs. NAIL - Volatility Comparison

The current volatility for Fidelity Growth Strategies Fund (FDEGX) is 7.89%, while Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) has a volatility of 26.41%. This indicates that FDEGX 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

	FDEGX	NAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.89%	26.41%	-18.52%
Volatility (6M) Calculated over the trailing 6-month period	18.45%	65.39%	-46.94%
Volatility (1Y) Calculated over the trailing 1-year period	24.05%	87.99%	-63.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.74%	88.09%	-64.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.23%	89.81%	-67.58%

FDEGX vs. NAIL - Expense Ratio Comparison

FDEGX has a 0.69% expense ratio, which is lower than NAIL's 0.96% expense ratio.

Dividends

FDEGX vs. NAIL - Dividend Comparison

FDEGX has not paid dividends to shareholders, while NAIL's dividend yield for the trailing twelve months is around 0.83%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDEGX Fidelity Growth Strategies Fund	0.00%	0.00%	7.89%	0.05%	0.00%	14.15%	8.37%	3.65%	0.75%	0.05%	0.59%	0.13%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X ETF	0.83%	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 FDEGX and NAIL in my portfolio?

FDEGX and NAIL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDEGX or NAIL?

NAIL has higher volatility (26.41%) compared to FDEGX (7.89%). In terms of maximum drawdown, FDEGX dropped -85.96% vs NAIL's -93.75%.

Which has better risk-adjusted returns?

FDEGX currently has the higher Sharpe Ratio (-0.31 vs -0.41), 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.