ITB vs. NAIL
Compare and contrast key facts about iShares U.S. Home Construction ETF (ITB) and Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL).
ITB and NAIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITB is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Home Construction Index. It was launched on May 1, 2006. 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. Both ITB and NAIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ITB or NAIL.
Performance
ITB vs. NAIL - Performance Comparison
Returns By Period
In the year-to-date period, ITB achieves a 15.65% return, which is significantly lower than NAIL's 16.55% return.
ITB
15.65%
-9.32%
9.36%
35.30%
22.08%
16.97%
NAIL
16.55%
-27.56%
10.77%
80.45%
12.98%
N/A
Key characteristics
| ITB | NAIL | |
|---|---|---|
| Sharpe Ratio | 1.38 | 1.06 |
| Sortino Ratio | 2.00 | 1.76 |
| Omega Ratio | 1.24 | 1.21 |
| Calmar Ratio | 2.29 | 1.80 |
| Martin Ratio | 5.84 | 4.38 |
| Ulcer Index | 6.14% | 18.82% |
| Daily Std Dev | 26.00% | 77.59% |
| Max Drawdown | -86.53% | -93.75% |
| Current Drawdown | -9.32% | -27.56% |
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ITB vs. NAIL - Expense Ratio Comparison
ITB has a 0.42% expense ratio, which is lower than NAIL's 0.99% expense ratio.
Correlation
The correlation between ITB and NAIL is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ITB vs. NAIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Home Construction ETF (ITB) 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
ITB vs. NAIL - Dividend Comparison
ITB's dividend yield for the trailing twelve months is around 0.39%, less than NAIL's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITB iShares U.S. Home Construction ETF | 0.39% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% | 0.34% | 0.12% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.40% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ITB vs. NAIL - Drawdown Comparison
The maximum ITB drawdown since its inception was -86.53%, smaller than the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for ITB and NAIL. For additional features, visit the drawdowns tool.
Volatility
ITB vs. NAIL - Volatility Comparison
The current volatility for iShares U.S. Home Construction ETF (ITB) is 6.95%, while Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a volatility of 20.88%. This indicates that ITB 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.