NAIL vs. DBO
NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and DBO (Invesco DB Oil Fund) are both exchange-traded funds - NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%), while DBO is a Oil & Gas fund tracking the DBIQ Optimum Yield Crude Oil Index Excess Return. Both are passively managed. Over the past 10 years, NAIL returned 7.87%/yr vs 8.76%/yr for DBO. At a 0.09 correlation, their price movements are largely independent. NAIL charges 0.99%/yr vs 0.78%/yr for DBO.
Performance
NAIL vs. DBO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NAIL achieves a 3.61% return, which is significantly lower than DBO's 43.93% return. Over the past 10 years, NAIL has underperformed DBO with an annualized return of 7.87%, while DBO has yielded a comparatively higher 8.76% 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%
DBO
- 1D
- -4.15%
- 1M
- -21.96%
- YTD
- 43.93%
- 6M
- 41.96%
- 1Y
- 37.25%
- 3Y*
- 12.72%
- 5Y*
- 9.10%
- 10Y*
- 8.76%
NAIL vs. DBO - 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% |
DBO Invesco DB Oil Fund | 43.93% | -11.71% | 7.85% | -4.44% | 13.04% | 60.74% | -20.99% | 28.05% | -15.22% | 4.86% |
Correlation
The correlation between NAIL and DBO 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 | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | 0.09 |
The correlation between NAIL and DBO shifts across timeframes, from -0.28 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NAIL vs. DBO — Risk / Return Rank
NAIL
DBO
NAIL vs. DBO - 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 Oil Fund (DBO). 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 | DBO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.20 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.43 | -1.47 |
| Martin ratioReturn relative to average drawdown | -0.07 | 4.33 | -4.40 |
Loading charts...
Drawdowns
NAIL vs. DBO - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, roughly equal to the maximum DBO drawdown of -90.18%. Use the drawdown chart below to compare losses from any high point for NAIL and DBO.
Loading charts...
Drawdown Indicators
| NAIL | DBO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -90.18% | -3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -67.85% | -26.22% | -41.63% |
Max Drawdown (3Y)Largest decline over 3 years | -82.09% | -28.20% | -53.89% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | -37.68% | -46.72% |
Max Drawdown (10Y)Largest decline over 10 years | -93.75% | -61.69% | -32.06% |
Current DrawdownCurrent decline from peak | -70.39% | -62.12% | -8.27% |
Average DrawdownAverage peak-to-trough decline | -43.94% | -62.22% | +18.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.33% | 8.63% | +31.70% |
Volatility
NAIL vs. DBO - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 29.58% compared to Invesco DB Oil Fund (DBO) at 10.78%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than DBO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NAIL | DBO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.58% | 10.78% | +18.80% |
Volatility (6M)Calculated over the trailing 6-month period | 65.44% | 29.70% | +35.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.34% | 34.63% | +55.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.88% | 32.59% | +55.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.62% | 31.84% | +57.78% |
NAIL vs. DBO - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is higher than DBO's 0.78% expense ratio.
Dividends
NAIL vs. DBO - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 0.60%, less than DBO's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBO Invesco DB Oil Fund | 2.44% | 3.51% | 4.68% | 4.59% | 0.66% | 0.00% | 0.00% | 1.63% | 1.58% | 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 DBO 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 (29.58%) compared to DBO (10.78%). In terms of maximum drawdown, NAIL dropped -93.75% vs DBO's -90.18%.
On 10-year performance, DBO leads with 8.76% vs 7.87% for NAIL. On fees, DBO is cheaper at 0.78% per year. On volatility, DBO has been the lower-risk option at 10.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBO has performed better with a 8.76% return vs 7.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBO is cheaper with a 0.78% expense ratio, compared with 0.99% for NAIL.
DBO has the higher dividend yield at 2.44%, compared with 0.60% for NAIL.
NAIL is categorized as Leveraged Equities, while DBO is Oil & Gas. NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while DBO tracks DBIQ Optimum Yield Crude Oil Index Excess Return. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.99% for NAIL and 0.78% for DBO.
DBO currently has the higher Sharpe Ratio (1.09 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.
Find the right allocation for NAIL and DBO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer