JEPQ vs. NAIL

Last updated Jun 9, 2026

JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both exchange-traded funds - JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index, 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 3 years, JEPQ returned 20.04%/yr vs -13.87%/yr for NAIL. At a 0.50 correlation, their price movements are largely independent. JEPQ charges 0.35%/yr vs 0.99%/yr for NAIL.

Performance

JEPQ vs. NAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) 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, JEPQ achieves a 7.44% return, which is significantly higher than NAIL's -23.54% return.

JEPQ

• 1D: 1.24%
• 1M: 0.97%
• YTD: 7.44%
• 6M: 7.26%
• 1Y: 25.85%
• 3Y*: 20.04%
• 5Y*: —
• 10Y*: —

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)

JEPQ vs. NAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	7.44%	15.18%	24.85%	36.28%	-11.16%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	-23.54%	-40.43%	-22.83%	259.61%	-22.96%

Correlation

The correlation between JEPQ and NAIL is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.50

The correlation between JEPQ and NAIL shifts across timeframes, from 0.32 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

JEPQ vs. NAIL - Sectors Allocation Comparison

Sectors	JEPQ	NAIL
Technology	54.0%	-
Communication Services	15.4%	-
Consumer Cyclical	12.8%	71.8%
Consumer Defensive	7.1%	-
Healthcare	4.4%	-
Industrials	3.1%	19.1%
Utilities	1.3%	-
Basic Materials	1.0%	8.6%
Energy	0.4%	-
Financial Services	0.4%	-
Real Estate	0.2%	0.5%

Return for Risk

JEPQ vs. NAIL — Risk / Return Rank

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

JEPQ

JEPQ Risk / Return Rank: 73
JEPQ Sharpe Ratio Rank: 73
JEPQ Sortino Ratio Rank: 68
JEPQ Omega Ratio Rank: 79
JEPQ Calmar Ratio Rank: 65
JEPQ Martin Ratio Rank: 80

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.

JEPQ vs. NAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) 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.

	JEPQ	NAIL	Difference
Sharpe ratio: Return per unit of total volatility	2.13	-0.26	+2.39
Sortino ratio: Return per unit of downside risk	2.79	0.22	+2.58
Omega ratio: Gain probability vs. loss probability	1.42	1.02	+0.40
Calmar ratio: Return relative to maximum drawdown	2.95	-0.33	+3.27
Martin ratio: Return relative to average drawdown	14.33	-0.58	+14.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JEPQ vs. NAIL - Sharpe Ratio Comparison

The current JEPQ Sharpe Ratio is 2.13, which is higher than the NAIL Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of JEPQ 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

	JEPQ	NAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	-0.26	+2.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	-0.00	+0.97

Drawdowns

JEPQ vs. NAIL - Drawdown Comparison

The maximum JEPQ drawdown since its inception was -20.07%, smaller than the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for JEPQ and NAIL.

Drawdown Indicators

	JEPQ	NAIL	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-93.75%	+73.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.82%	-67.85%	+59.03%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	-82.09%	+62.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-84.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-93.75%	—
Current Drawdown Current decline from peak	-2.02%	-78.15%	+76.13%
Average Drawdown Average peak-to-trough decline	-3.42%	-43.83%	+40.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	38.74%	-36.93%

Volatility

JEPQ vs. NAIL - Volatility Comparison

The current volatility for JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is 3.65%, while Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a volatility of 21.13%. This indicates that JEPQ 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

	JEPQ	NAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	21.13%	-17.48%
Volatility (6M) Calculated over the trailing 6-month period	9.66%	60.31%	-50.65%
Volatility (1Y) Calculated over the trailing 1-year period	12.19%	87.48%	-75.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	86.98%	-70.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.67%	89.20%	-72.53%

JEPQ vs. NAIL - Expense Ratio Comparison

JEPQ has a 0.35% expense ratio, which is lower than NAIL's 0.99% expense ratio.

Dividends

JEPQ vs. NAIL - Dividend Comparison

JEPQ's dividend yield for the trailing twelve months is around 10.26%, more than NAIL's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	10.26%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%
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 JEPQ and NAIL in my portfolio?

JEPQ and NAIL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEPQ or NAIL?

NAIL has higher volatility (21.13%) compared to JEPQ (3.65%). In terms of maximum drawdown, JEPQ dropped -20.07% vs NAIL's -93.75%.

Which ETF is better, JEPQ or NAIL?

On 3-year performance, JEPQ leads with 20.04% vs -13.87% for NAIL. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JEPQ or NAIL?

Over the 3-year period, JEPQ has performed better with a 20.04% return vs -13.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JEPQ or NAIL?

JEPQ is cheaper with a 0.35% expense ratio, compared with 0.99% for NAIL.

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

JEPQ has the higher dividend yield at 10.26%, compared with 1.04% for NAIL.

What is the main difference between JEPQ and NAIL?

JEPQ is categorized as Nasdaq-100, while NAIL is Leveraged Equities. JEPQ tracks Nasdaq-100 Index, while NAIL tracks Dow Jones U.S. Select Home Construction Index (300%). They also come from different issuers: JPMorgan and Direxion. Their fees differ too: 0.35% for JEPQ and 0.99% for NAIL.

Which has better risk-adjusted returns?

JEPQ currently has the higher Sharpe Ratio (2.13 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.