NAIL vs. CMDT
NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%), while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 3 years, NAIL returned -8.52%/yr vs 11.87%/yr for CMDT. At a correlation of -0.03, they often move in opposite directions. NAIL charges 0.99%/yr vs 0.65%/yr for CMDT.
Performance
NAIL vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, NAIL achieves a 3.61% return, which is significantly lower than CMDT's 10.73% return.
NAIL
- 1D
- 18.77%
- 1M
- 42.16%
- YTD
- 3.61%
- 6M
- -2.02%
- 1Y
- -3.01%
- 3Y*
- -8.52%
- 5Y*
- -6.71%
- 10Y*
- 7.87%
CMDT
- 1D
- -2.38%
- 1M
- -11.03%
- YTD
- 10.73%
- 6M
- 10.29%
- 1Y
- 20.39%
- 3Y*
- 11.87%
- 5Y*
- —
- 10Y*
- —
NAIL vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 3.61% | -40.43% | -22.83% | 98.74% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 10.73% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between NAIL and CMDT is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | -0.03 |
The correlation between NAIL and CMDT shifts across timeframes, from -0.14 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NAIL vs. CMDT — Risk / Return Rank
NAIL
CMDT
NAIL vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). 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 | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.28 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.55 | -1.59 |
| Martin ratioReturn relative to average drawdown | -0.07 | 8.61 | -8.68 |
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Drawdowns
NAIL vs. CMDT - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, which is greater than CMDT's maximum drawdown of -13.23%. Use the drawdown chart below to compare losses from any high point for NAIL and CMDT.
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Drawdown Indicators
| NAIL | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -13.23% | -80.52% |
Max Drawdown (1Y)Largest decline over 1 year | -67.85% | -13.23% | -54.62% |
Max Drawdown (3Y)Largest decline over 3 years | -82.09% | -13.23% | -68.86% |
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 | -70.39% | -13.23% | -57.16% |
Average DrawdownAverage peak-to-trough decline | -43.94% | -2.78% | -41.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.33% | 2.37% | +37.96% |
Volatility
NAIL vs. CMDT - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 29.58% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.79%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than CMDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAIL | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.58% | 3.79% | +25.79% |
Volatility (6M)Calculated over the trailing 6-month period | 65.44% | 10.89% | +54.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.34% | 12.78% | +77.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.88% | 12.31% | +75.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.62% | 12.31% | +77.31% |
NAIL vs. CMDT - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is higher than CMDT's 0.65% expense ratio.
Dividends
NAIL vs. CMDT - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 0.60%, less than CMDT's 2.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.73% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.60% | 1.55% | 0.63% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% |
Frequently Asked Questions
NAIL and CMDT have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAIL has higher volatility (29.58%) compared to CMDT (3.79%). In terms of maximum drawdown, NAIL dropped -93.75% vs CMDT's -13.23%.
On 3-year performance, CMDT leads with 11.87% vs -8.52% for NAIL. On fees, CMDT is cheaper at 0.65% per year. On volatility, CMDT has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CMDT has performed better with a 11.87% return vs -8.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CMDT is cheaper with a 0.65% expense ratio, compared with 0.99% for NAIL.
CMDT has the higher dividend yield at 2.73%, compared with 0.60% for NAIL.
NAIL is categorized as Leveraged Equities, while CMDT is Commodities. NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: Direxion and PIMCO. Their fees differ too: 0.99% for NAIL and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.62 vs -0.03), 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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