LABU vs. NAIL

Last updated Jun 10, 2026

LABU (Direxion Daily S&P Biotech Bull 3x Shares) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both Leveraged Equities funds from Direxion - LABU tracks the S&P Biotechnology Select Industry Index (300%) while NAIL tracks the Dow Jones U.S. Select Home Construction Index (300%). Both are passively managed. Over the past 10 years, LABU returned -12.12%/yr vs 4.93%/yr for NAIL. At a 0.41 correlation, their price movements are largely independent. LABU charges 1.12%/yr vs 0.99%/yr for NAIL.

Performance

LABU vs. NAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P Biotech Bull 3x Shares (LABU) 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, LABU achieves a 6.64% return, which is significantly higher than NAIL's -14.74% return. Over the past 10 years, LABU has underperformed NAIL with an annualized return of -12.12%, while NAIL has yielded a comparatively higher 4.93% annualized return.

LABU

• 1D: 6.80%
• 1M: -10.49%
• YTD: 6.64%
• 6M: 8.23%
• 1Y: 184.28%
• 3Y*: 7.22%
• 5Y*: -35.06%
• 10Y*: -12.12%

NAIL

• 1D: 11.51%
• 1M: 7.40%
• YTD: -14.74%
• 6M: -22.02%
• 1Y: -15.84%
• 3Y*: -10.68%
• 5Y*: -9.80%
• 10Y*: 4.93%

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

LABU vs. NAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LABU Direxion Daily S&P Biotech Bull 3x Shares	6.64%	79.17%	-26.02%	-13.41%	-80.36%	-64.15%	74.66%	75.50%	-57.61%	149.12%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	-14.74%	-40.43%	-22.83%	259.61%	-75.23%	168.20%	-32.08%	184.63%	-73.96%	268.71%

Correlation

The correlation between LABU and NAIL is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.41

The correlation between LABU and NAIL shifts across timeframes, from 0.34 (1 year) to 0.47 (5 years), reflecting how their relationship changes across market environments.

LABU vs. NAIL - Sectors Allocation Comparison

Sectors	LABU	NAIL
Healthcare	99.8%	-
Financial Services	0.2%	-
Basic Materials	0.0%	8.6%
Communication Services	-	-
Consumer Cyclical	-	71.8%
Consumer Defensive	-	-
Energy	-	-
Industrials	-	19.1%
Real Estate	-	0.5%
Technology	-	-
Utilities	-	-

Return for Risk

LABU vs. NAIL — Risk / Return Rank

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

LABU

LABU Risk / Return Rank: 79
LABU Sharpe Ratio Rank: 84
LABU Sortino Ratio Rank: 70
LABU Omega Ratio Rank: 61
LABU Calmar Ratio Rank: 93
LABU Martin Ratio Rank: 88

NAIL

NAIL Risk / Return Rank: 9
NAIL Sharpe Ratio Rank: 8
NAIL Sortino Ratio Rank: 12
NAIL Omega Ratio Rank: 11
NAIL Calmar Ratio Rank: 7
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.

LABU vs. NAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Biotech Bull 3x Shares (LABU) 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.

	LABU	NAIL	Difference
Sharpe ratio: Return per unit of total volatility	2.41	-0.18	+2.59
Sortino ratio: Return per unit of downside risk	2.79	0.37	+2.42
Omega ratio: Gain probability vs. loss probability	1.33	1.04	+0.29
Calmar ratio: Return relative to maximum drawdown	6.04	-0.23	+6.28
Martin ratio: Return relative to average drawdown	17.12	-0.41	+17.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LABU vs. NAIL - Sharpe Ratio Comparison

The current LABU Sharpe Ratio is 2.41, which is higher than the NAIL Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of LABU 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

	LABU	NAIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	-0.18	+2.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.37	-0.11	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.13	0.06	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	-0.23	0.01	-0.24

Drawdowns

LABU vs. NAIL - Drawdown Comparison

The maximum LABU drawdown since its inception was -99.18%, which is greater than NAIL's maximum drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for LABU and NAIL.

Drawdown Indicators

	LABU	NAIL	Difference
Max Drawdown Largest peak-to-trough decline	-99.18%	-93.75%	-5.43%
Max Drawdown (1Y) Largest decline over 1 year	-30.70%	-67.85%	+37.15%
Max Drawdown (3Y) Largest decline over 3 years	-78.30%	-82.09%	+3.79%
Max Drawdown (5Y) Largest decline over 5 years	-97.59%	-84.40%	-13.19%
Max Drawdown (10Y) Largest decline over 10 years	-98.96%	-93.75%	-5.21%
Current Drawdown Current decline from peak	-96.24%	-75.64%	-20.60%
Average Drawdown Average peak-to-trough decline	-81.67%	-43.83%	-37.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.81%	38.90%	-28.09%

Volatility

LABU vs. NAIL - Volatility Comparison

Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a higher volatility of 29.37% compared to Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) at 23.86%. This indicates that LABU'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

	LABU	NAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.37%	23.86%	+5.51%
Volatility (6M) Calculated over the trailing 6-month period	60.90%	61.34%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	77.11%	88.05%	-10.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.62%	87.10%	+8.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.44%	89.26%	+6.18%

LABU vs. NAIL - Expense Ratio Comparison

LABU has a 1.12% expense ratio, which is higher than NAIL's 0.99% expense ratio.

Dividends

LABU vs. NAIL - Dividend Comparison

LABU's dividend yield for the trailing twelve months is around 0.72%, less than NAIL's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LABU Direxion Daily S&P Biotech Bull 3x Shares	0.72%	0.84%	0.35%	0.35%	0.00%	0.00%	0.00%	0.28%	0.64%	0.17%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	0.93%	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 LABU and NAIL in my portfolio?

LABU and NAIL have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LABU or NAIL?

LABU has higher volatility (29.37%) compared to NAIL (23.86%). In terms of maximum drawdown, LABU dropped -99.18% vs NAIL's -93.75%.

Which ETF is better, LABU or NAIL?

On 10-year performance, NAIL leads with 4.93% vs -12.12% for LABU. On fees, NAIL is cheaper at 0.99% per year. On volatility, NAIL has been the lower-risk option at 23.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LABU or NAIL?

Over the 10-year period, NAIL has performed better with a 4.93% return vs -12.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LABU or NAIL?

NAIL is cheaper with a 0.99% expense ratio, compared with 1.12% for LABU.

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

NAIL has the higher dividend yield at 0.93%, compared with 0.72% for LABU.

What is the main difference between LABU and NAIL?

LABU tracks S&P Biotechnology Select Industry Index (300%), while NAIL tracks Dow Jones U.S. Select Home Construction Index (300%). Their fees differ too: 1.12% for LABU and 0.99% for NAIL.

Which has better risk-adjusted returns?

LABU currently has the higher Sharpe Ratio (2.41 vs -0.18), 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.