FDEGX vs. NAIL
Compare and contrast key facts about Fidelity Growth Strategies Fund (FDEGX) and Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL).
FDEGX is managed by Fidelity. It was launched on Dec 28, 1990. NAIL is a passively managed fund by Direxion that tracks the performance of the Dow Jones U.S. Select Home Construction Index (300%). It was launched on Aug 19, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDEGX or NAIL.
Performance
FDEGX vs. NAIL - Performance Comparison
Returns By Period
In the year-to-date period, FDEGX achieves a 34.77% return, which is significantly higher than NAIL's 20.06% return.
FDEGX
34.77%
10.27%
20.29%
44.25%
8.85%
9.32%
NAIL
20.06%
-7.59%
27.73%
89.88%
13.61%
N/A
Key characteristics
| FDEGX | NAIL | |
|---|---|---|
| Sharpe Ratio | 2.74 | 1.19 |
| Sortino Ratio | 3.67 | 1.86 |
| Omega Ratio | 1.47 | 1.23 |
| Calmar Ratio | 1.47 | 2.02 |
| Martin Ratio | 16.18 | 4.86 |
| Ulcer Index | 2.77% | 18.96% |
| Daily Std Dev | 16.39% | 77.53% |
| Max Drawdown | -85.76% | -93.75% |
| Current Drawdown | 0.00% | -25.37% |
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FDEGX vs. NAIL - Expense Ratio Comparison
FDEGX has a 0.63% expense ratio, which is lower than NAIL's 0.99% expense ratio.
Correlation
The correlation between FDEGX and NAIL is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FDEGX vs. NAIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) 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.
Dividends
FDEGX vs. NAIL - Dividend Comparison
FDEGX's dividend yield for the trailing twelve months is around 0.04%, less than NAIL's 0.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 0.04% | 0.05% | 0.00% | 0.00% | 0.00% | 0.44% | 0.75% | 0.38% | 0.54% | 0.13% | 0.59% | 0.18% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.39% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDEGX vs. NAIL - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.76%, 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. For additional features, visit the drawdowns tool.
Volatility
FDEGX vs. NAIL - Volatility Comparison
The current volatility for Fidelity Growth Strategies Fund (FDEGX) is 6.73%, while Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a volatility of 18.52%. 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.