NAIL vs. AIPO

Last updated Aug 4, 2026

NAIL (Direxion Daily Homebuilders & Supplies Bull 3X ETF) and AIPO (Defiance AI & Power Infrastructure ETF) are both exchange-traded funds - NAIL is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index, while AIPO is a Artificial Intelligence fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index. Both are passively managed. Over the past year, NAIL returned -35.72% vs 46.89% for AIPO. Their 0.20 correlation means their historical movements had little consistent relationship. NAIL charges 0.96%/yr vs 0.69%/yr for AIPO.

Performance

NAIL vs. AIPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) and Defiance AI & Power Infrastructure ETF (AIPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAIL achieves a -18.83% return, which is significantly lower than AIPO's 33.86% return.

NAIL

• 1D: 8.38%
• 1M: -18.48%
• 6M: -30.57%
• YTD: -18.83%
• 1Y: -35.72%
• 3Y*: -20.50%
• 5Y*: -13.41%
• 10Y*: 3.16%
• ALL TIME*: 0.49%

AIPO

• 1D: 3.42%
• 1M: -4.58%
• 6M: 20.17%
• YTD: 33.86%
• 1Y: 46.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 45.22%

*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)
AIPO Defiance AI & Power Infrastructure ETF	$42.27M	$38.04M	$47.00M
NAIL Direxion Daily Homebuilders & Supplies Bull 3X ETF	$44.86M	$43.79M	$61.55M

NAIL vs. AIPO - Yearly Performance Comparison

	2026 (YTD)	2025
NAIL Direxion Daily Homebuilders & Supplies Bull 3X ETF	-18.83%	-20.54%
AIPO Defiance AI & Power Infrastructure ETF	33.86%	9.46%

Correlation

The correlation between NAIL and AIPO is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.20

NAIL vs. AIPO - Sectors Allocation Comparison

Sectors	NAIL	AIPO
Consumer Cyclical	71.9%	0.7%
Industrials	19.0%	58.0%
Basic Materials	8.4%	-
Real Estate	0.7%	0.9%
Communication Services	-	0.5%
Consumer Defensive	-	-
Energy	-	6.8%
Financial Services	-	2.9%
Healthcare	-	-
Technology	-	15.7%
Utilities	-	15.3%

Return for Risk

NAIL vs. AIPO — Risk / Return Rank

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

NAIL

NAIL Risk / Return Rank: 7
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

AIPO

AIPO Risk / Return Rank: 50
AIPO Sharpe Ratio Rank: 50
AIPO Sortino Ratio Rank: 47
AIPO Omega Ratio Rank: 47
AIPO Calmar Ratio Rank: 53
AIPO Martin Ratio Rank: 54

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.

NAIL vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) and Defiance AI & Power Infrastructure ETF (AIPO). 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.

	NAIL	AIPO	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	1.26	-1.66
Sortino ratio: Return per unit of downside risk	-0.12	1.74	-1.86
Omega ratio: Gain probability vs. loss probability	0.99	1.22	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.53	1.93	-2.46
Martin ratio: Return relative to average drawdown	-0.81	6.41	-7.22

NAIL vs. AIPO - Sharpe Ratio Comparison

The current NAIL Sharpe Ratio is -0.41, which is lower than the AIPO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of NAIL and AIPO, 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

NAIL vs. AIPO - Drawdown Comparison

The maximum NAIL drawdown since its inception was -93.75%, which is greater than AIPO's maximum drawdown of -24.36%. Use the drawdown chart below to compare losses from any high point for NAIL and AIPO.

Drawdown Indicators

	NAIL	AIPO	Difference
Max Drawdown Largest peak-to-trough decline	-93.75%	-24.36%	-69.39%
Max Drawdown (1Y) Largest decline over 1 year	-67.85%	-24.36%	-43.49%
Max Drawdown (3Y) Largest decline over 3 years	-82.09%	—	—
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	-76.81%	-14.84%	-61.97%
Average Drawdown Average peak-to-trough decline	-44.25%	-5.31%	-38.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.12%	7.33%	+36.79%

Volatility

NAIL vs. AIPO - Volatility Comparison

Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) has a higher volatility of 27.85% compared to Defiance AI & Power Infrastructure ETF (AIPO) at 14.74%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than AIPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAIL	AIPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.85%	14.74%	+13.11%
Volatility (6M) Calculated over the trailing 6-month period	65.81%	29.87%	+35.94%
Volatility (1Y) Calculated over the trailing 1-year period	88.16%	37.61%	+50.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.19%	37.27%	+50.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.87%	37.27%	+52.60%

NAIL vs. AIPO - Expense Ratio Comparison

NAIL has a 0.96% expense ratio, which is higher than AIPO's 0.69% expense ratio.

Dividends

NAIL vs. AIPO - Dividend Comparison

NAIL's dividend yield for the trailing twelve months is around 0.77%, more than AIPO's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X ETF	0.77%	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 NAIL and AIPO in my portfolio?

NAIL and AIPO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NAIL or AIPO?

NAIL has higher volatility (27.85%) compared to AIPO (14.74%). In terms of maximum drawdown, NAIL dropped -93.75% vs AIPO's -24.36%.

Which ETF is better, NAIL or AIPO?

On 1-year performance, AIPO leads with 46.89% vs -35.72% for NAIL. On fees, AIPO is cheaper at 0.69% per year. On volatility, AIPO has been the lower-risk option at 14.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NAIL or AIPO?

Over the 1-year period, AIPO has performed better with a 46.89% return vs -35.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NAIL or AIPO?

AIPO is cheaper with a 0.69% expense ratio, compared with 0.96% for NAIL.

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

NAIL has the higher dividend yield at 0.77%, compared with 0.01% for AIPO.

What is the main difference between NAIL and AIPO?

NAIL is categorized as Building & Construction, while AIPO is Artificial Intelligence. NAIL tracks Dow Jones U.S. Select Home Construction Index, while AIPO tracks MarketVector™ US Listed AI and Power Infrastructure Index. They also come from different issuers: Direxion and Defiance. Their fees differ too: 0.96% for NAIL and 0.69% for AIPO.

Which has better risk-adjusted returns?

AIPO currently has the higher Sharpe Ratio (1.26 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.