NAIL vs. BRZU

Last updated Jul 22, 2026

NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and BRZU (Direxion Daily Brazil Bull 2X Shares) are both Leveraged Equities funds from Direxion - NAIL tracks the Dow Jones U.S. Select Home Construction Index (300%) while BRZU tracks the MSCI Brazil 25/50 Index. Both are passively managed. Over the past 10 years, NAIL returned 2.20%/yr vs -19.99%/yr for BRZU. At a 0.27 correlation, their price movements are largely independent. NAIL charges 0.99%/yr vs 1.29%/yr for BRZU.

Performance

NAIL vs. BRZU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and Direxion Daily Brazil Bull 2X Shares (BRZU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAIL achieves a -22.74% return, which is significantly lower than BRZU's 19.49% return. Over the past 10 years, NAIL has outperformed BRZU with an annualized return of 2.20%, while BRZU has yielded a comparatively lower -19.99% annualized return.

NAIL

• 1D: -1.60%
• 1M: -16.35%
• 6M: -39.64%
• YTD: -22.74%
• 1Y: -29.80%
• 3Y*: -20.75%
• 5Y*: -12.02%
• 10Y*: 2.20%
• ALL TIME*: 0.03%

BRZU

• 1D: 0.96%
• 1M: 10.98%
• 6M: 7.54%
• YTD: 19.49%
• 1Y: 68.34%
• 3Y*: 4.99%
• 5Y*: -0.23%
• 10Y*: -19.99%
• ALL TIME*: -30.13%

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

NAIL vs. BRZU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	-22.74%	-40.43%	-22.83%	259.61%	-75.23%	168.20%	-32.08%	184.63%	-73.96%	268.71%
BRZU Direxion Daily Brazil Bull 2X Shares	19.49%	97.99%	-57.07%	55.48%	8.30%	-39.23%	-91.34%	57.02%	-37.21%	30.80%

Correlation

The correlation between NAIL and BRZU 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	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.27

NAIL vs. BRZU - Sectors Allocation Comparison

Sectors	NAIL	BRZU
Consumer Cyclical	71.9%	1.4%
Industrials	19.0%	11.6%
Basic Materials	8.4%	14.5%
Real Estate	0.7%	-
Communication Services	-	2.1%
Consumer Defensive	-	4.7%
Energy	-	15.1%
Financial Services	-	34.5%
Healthcare	-	2.2%
Technology	-	0.4%
Utilities	-	13.5%

Return for Risk

NAIL vs. BRZU — Risk / Return Rank

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

NAIL

NAIL Risk / Return Rank: 8
NAIL Sharpe Ratio Rank: 7
NAIL Sortino Ratio Rank: 10
NAIL Omega Ratio Rank: 9
NAIL Calmar Ratio Rank: 6
NAIL Martin Ratio Rank: 7

BRZU

BRZU Risk / Return Rank: 49
BRZU Sharpe Ratio Rank: 53
BRZU Sortino Ratio Rank: 50
BRZU Omega Ratio Rank: 50
BRZU Calmar Ratio Rank: 50
BRZU Martin Ratio Rank: 40

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.

NAIL vs. BRZU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and Direxion Daily Brazil Bull 2X Shares (BRZU). 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	BRZU	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	1.39	-1.72
Sortino ratio: Return per unit of downside risk	0.07	1.91	-1.84
Omega ratio: Gain probability vs. loss probability	1.01	1.24	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.44	1.91	-2.35
Martin ratio: Return relative to average drawdown	-0.70	4.63	-5.33

NAIL vs. BRZU - Sharpe Ratio Comparison

The current NAIL Sharpe Ratio is -0.33, which is lower than the BRZU Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of NAIL and BRZU, 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. BRZU - Drawdown Comparison

The maximum NAIL drawdown since its inception was -93.75%, smaller than the maximum BRZU drawdown of -99.71%. Use the drawdown chart below to compare losses from any high point for NAIL and BRZU.

Drawdown Indicators

	NAIL	BRZU	Difference
Max Drawdown Largest peak-to-trough decline	-93.75%	-99.71%	+5.96%
Max Drawdown (1Y) Largest decline over 1 year	-67.85%	-35.97%	-31.88%
Max Drawdown (3Y) Largest decline over 3 years	-82.09%	-58.25%	-23.84%
Max Drawdown (5Y) Largest decline over 5 years	-84.40%	-62.89%	-21.51%
Max Drawdown (10Y) Largest decline over 10 years	-93.75%	-98.11%	+4.36%
Current Drawdown Current decline from peak	-77.92%	-99.14%	+21.22%
Average Drawdown Average peak-to-trough decline	-44.14%	-89.62%	+45.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.73%	14.80%	+27.93%

Volatility

NAIL vs. BRZU - Volatility Comparison

Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 28.81% compared to Direxion Daily Brazil Bull 2X Shares (BRZU) at 11.19%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than BRZU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAIL	BRZU	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.81%	11.19%	+17.62%
Volatility (6M) Calculated over the trailing 6-month period	64.42%	39.80%	+24.62%
Volatility (1Y) Calculated over the trailing 1-year period	89.85%	49.55%	+40.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.02%	55.16%	+32.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.71%	82.28%	+7.43%

NAIL vs. BRZU - Expense Ratio Comparison

NAIL has a 0.99% expense ratio, which is lower than BRZU's 1.29% expense ratio.

Dividends

NAIL vs. BRZU - Dividend Comparison

NAIL's dividend yield for the trailing twelve months is around 0.81%, less than BRZU's 1.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRZU Direxion Daily Brazil Bull 2X Shares	1.89%	2.39%	8.73%	3.24%	4.70%	6.29%	0.78%	0.95%	1.04%	0.74%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	0.81%	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 BRZU in my portfolio?

NAIL and BRZU 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, NAIL or BRZU?

NAIL has higher volatility (28.81%) compared to BRZU (11.19%). In terms of maximum drawdown, NAIL dropped -93.75% vs BRZU's -99.71%.

Which ETF is better, NAIL or BRZU?

On 10-year performance, NAIL leads with 2.20% vs -19.99% for BRZU. On fees, NAIL is cheaper at 0.99% per year. On volatility, BRZU has been the lower-risk option at 11.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NAIL or BRZU?

Over the 10-year period, NAIL has performed better with a 2.20% return vs -19.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NAIL or BRZU?

NAIL is cheaper with a 0.99% expense ratio, compared with 1.29% for BRZU.

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

BRZU has the higher dividend yield at 1.89%, compared with 0.81% for NAIL.

What is the main difference between NAIL and BRZU?

NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while BRZU tracks MSCI Brazil 25/50 Index. Their fees differ too: 0.99% for NAIL and 1.29% for BRZU.

Which has better risk-adjusted returns?

BRZU currently has the higher Sharpe Ratio (1.39 vs -0.33), 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.