NAIL vs. CERY
NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and CERY (SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF) are both exchange-traded funds - NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%), while CERY is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index. Both are passively managed. Over the past year, NAIL returned -8.20% vs 26.17% for CERY. At a correlation of -0.07, they often move in opposite directions. NAIL charges 0.99%/yr vs 0.28%/yr for CERY.
Performance
NAIL vs. CERY - Performance Comparison
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Returns By Period
In the year-to-date period, NAIL achieves a -12.64% return, which is significantly lower than CERY's 19.54% return.
NAIL
- 1D
- -5.42%
- 1M
- 19.86%
- YTD
- -12.64%
- 6M
- -17.03%
- 1Y
- -8.20%
- 3Y*
- -13.57%
- 5Y*
- -9.65%
- 10Y*
- 6.04%
CERY
- 1D
- -0.67%
- 1M
- -8.39%
- YTD
- 19.54%
- 6M
- 18.91%
- 1Y
- 26.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NAIL vs. CERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -12.64% | -40.43% | -37.61% |
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 19.54% | 15.68% | 3.80% |
Correlation
The correlation between NAIL and CERY is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | -0.07 |
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Return for Risk
NAIL vs. CERY — Risk / Return Rank
NAIL
CERY
NAIL vs. CERY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY). 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 | CERY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.29 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 2.31 | -2.43 |
| Martin ratioReturn relative to average drawdown | -0.20 | 9.93 | -10.13 |
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Drawdowns
NAIL vs. CERY - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, which is greater than CERY's maximum drawdown of -11.37%. Use the drawdown chart below to compare losses from any high point for NAIL and CERY.
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Drawdown Indicators
| NAIL | CERY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -11.37% | -82.38% |
Max Drawdown (1Y)Largest decline over 1 year | -67.85% | -11.37% | -56.48% |
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 DrawdownCurrent decline from peak | -75.04% | -11.37% | -63.67% |
Average DrawdownAverage peak-to-trough decline | -43.92% | -2.27% | -41.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.07% | 2.83% | +37.24% |
Volatility
NAIL vs. CERY - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 24.70% compared to SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) at 3.57%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than CERY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAIL | CERY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.70% | 3.57% | +21.13% |
Volatility (6M)Calculated over the trailing 6-month period | 63.33% | 13.57% | +49.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.10% | 15.63% | +73.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.50% | 14.73% | +72.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.47% | 14.73% | +74.74% |
NAIL vs. CERY - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is higher than CERY's 0.28% expense ratio.
Dividends
NAIL vs. CERY - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 0.91%, less than CERY's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF | 4.18% | 4.99% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.91% | 1.55% | 0.63% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% |
Frequently Asked Questions
NAIL and CERY have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAIL has higher volatility (24.70%) compared to CERY (3.57%). In terms of maximum drawdown, NAIL dropped -93.75% vs CERY's -11.37%.
On 1-year performance, CERY leads with 26.17% vs -8.20% for NAIL. On fees, CERY is cheaper at 0.28% per year. On volatility, CERY has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CERY has performed better with a 26.17% return vs -8.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CERY is cheaper with a 0.28% expense ratio, compared with 0.99% for NAIL.
CERY has the higher dividend yield at 4.18%, compared with 0.91% for NAIL.
NAIL is categorized as Leveraged Equities, while CERY is Commodities. NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while CERY tracks Bloomberg Enhanced Roll Yield Total Return Index. They also come from different issuers: Direxion and State Street. Their fees differ too: 0.99% for NAIL and 0.28% for CERY.
CERY currently has the higher Sharpe Ratio (1.68 vs -0.09), 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.
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