NAIL vs. COMT
NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%), while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. Both are passively managed. Over the past 10 years, NAIL returned 4.11%/yr vs 8.33%/yr for COMT. At a 0.13 correlation, their price movements are largely independent. NAIL charges 0.99%/yr vs 0.48%/yr for COMT.
Performance
NAIL vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, NAIL achieves a -8.67% return, which is significantly lower than COMT's 30.19% return. Over the past 10 years, NAIL has underperformed COMT with an annualized return of 4.11%, while COMT has yielded a comparatively higher 8.33% annualized return.
NAIL
- 1D
- 6.84%
- 1M
- 0.99%
- 6M
- -36.17%
- YTD
- -8.67%
- 1Y
- -17.52%
- 3Y*
- -18.08%
- 5Y*
- -7.37%
- 10Y*
- 4.11%
COMT
- 1D
- -0.49%
- 1M
- 2.53%
- 6M
- 26.18%
- YTD
- 30.19%
- 1Y
- 33.20%
- 3Y*
- 12.71%
- 5Y*
- 11.75%
- 10Y*
- 8.33%
NAIL vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -8.67% | -40.43% | -22.83% | 259.61% | -75.23% | 168.20% | -32.08% | 184.63% | -73.96% | 268.71% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Correlation
The correlation between NAIL and COMT is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | 0.13 |
The correlation between NAIL and COMT shifts across timeframes, from -0.28 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NAIL vs. COMT — Risk / Return Rank
NAIL
COMT
NAIL vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT). 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 | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.27 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.90 | -2.16 |
| Martin ratioReturn relative to average drawdown | -0.42 | 6.35 | -6.76 |
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Drawdowns
NAIL vs. COMT - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for NAIL and COMT.
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Drawdown Indicators
| NAIL | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -51.89% | -41.86% |
Max Drawdown (1Y)Largest decline over 1 year | -67.85% | -17.57% | -50.28% |
Max Drawdown (3Y)Largest decline over 3 years | -82.09% | -17.57% | -64.52% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | -29.00% | -55.40% |
Max Drawdown (10Y)Largest decline over 10 years | -93.75% | -39.22% | -54.53% |
Current DrawdownCurrent decline from peak | -73.90% | -11.28% | -62.62% |
Average DrawdownAverage peak-to-trough decline | -44.10% | -23.95% | -20.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.24% | 5.24% | +37.00% |
Volatility
NAIL vs. COMT - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 29.75% compared to iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) at 5.91%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAIL | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.75% | 5.91% | +23.84% |
Volatility (6M)Calculated over the trailing 6-month period | 63.85% | 19.67% | +44.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.29% | 21.54% | +67.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.98% | 21.20% | +66.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.62% | 18.85% | +70.77% |
NAIL vs. COMT - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
NAIL vs. COMT - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 0.68%, less than COMT's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.95% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.68% | 1.55% | 0.63% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% | 0.00% | 0.00% |
Frequently Asked Questions
NAIL and COMT have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAIL has higher volatility (29.75%) compared to COMT (5.91%). In terms of maximum drawdown, NAIL dropped -93.75% vs COMT's -51.89%.
On 10-year performance, COMT leads with 8.33% vs 4.11% for NAIL. On fees, COMT is cheaper at 0.48% per year. On volatility, COMT has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, COMT has performed better with a 8.33% return vs 4.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COMT is cheaper with a 0.48% expense ratio, compared with 0.99% for NAIL.
COMT has the higher dividend yield at 5.95%, compared with 0.68% for NAIL.
NAIL is categorized as Leveraged Equities, while COMT is Commodities. NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.99% for NAIL and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs -0.20), 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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