NAIL vs. DBE
NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, NAIL returned 7.87%/yr vs 9.75%/yr for DBE. At a 0.08 correlation, their price movements are largely independent. NAIL charges 0.99%/yr vs 0.78%/yr for DBE.
Performance
NAIL vs. DBE - 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 DBE's 48.87% return. Over the past 10 years, NAIL has underperformed DBE with an annualized return of 7.87%, while DBE has yielded a comparatively higher 9.75% annualized 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%
DBE
- 1D
- -3.31%
- 1M
- -19.00%
- YTD
- 48.87%
- 6M
- 46.64%
- 1Y
- 44.16%
- 3Y*
- 15.52%
- 5Y*
- 13.92%
- 10Y*
- 9.75%
NAIL vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 3.61% | -40.43% | -22.83% | 259.61% | -75.23% | 168.20% | -32.08% | 184.63% | -73.96% | 268.71% |
DBE Invesco DB Energy Fund | 48.87% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between NAIL and DBE is -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | 0.08 |
The correlation between NAIL and DBE shifts across timeframes, from -0.31 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NAIL vs. DBE — Risk / Return Rank
NAIL
DBE
NAIL vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.23 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.86 | -1.90 |
| Martin ratioReturn relative to average drawdown | -0.07 | 6.74 | -6.81 |
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Drawdowns
NAIL vs. DBE - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, which is greater than DBE's maximum drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for NAIL and DBE.
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Drawdown Indicators
| NAIL | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -86.69% | -7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -67.85% | -23.89% | -43.96% |
Max Drawdown (3Y)Largest decline over 3 years | -82.09% | -23.89% | -58.20% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | -38.74% | -45.66% |
Max Drawdown (10Y)Largest decline over 10 years | -93.75% | -60.84% | -32.91% |
Current DrawdownCurrent decline from peak | -70.39% | -43.48% | -26.91% |
Average DrawdownAverage peak-to-trough decline | -43.94% | -57.24% | +13.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.33% | 6.57% | +33.76% |
Volatility
NAIL vs. DBE - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 29.58% compared to Invesco DB Energy Fund (DBE) at 9.69%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAIL | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.58% | 9.69% | +19.89% |
Volatility (6M)Calculated over the trailing 6-month period | 65.44% | 31.65% | +33.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.34% | 34.90% | +55.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.88% | 29.62% | +58.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.62% | 28.36% | +61.26% |
NAIL vs. DBE - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
NAIL vs. DBE - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 0.60%, less than DBE's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.60% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 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 DBE have a correlation of -0.31, 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 DBE (9.69%). In terms of maximum drawdown, NAIL dropped -93.75% vs DBE's -86.69%.
On 10-year performance, DBE leads with 9.75% vs 7.87% for NAIL. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 9.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBE has performed better with a 9.75% return vs 7.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.99% for NAIL.
DBE has the higher dividend yield at 2.60%, compared with 0.60% for NAIL.
NAIL is categorized as Leveraged Equities, while DBE is Oil & Gas. NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.99% for NAIL and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.28 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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