NAIL vs. DPST

Last updated Aug 2, 2026

NAIL (Direxion Daily Homebuilders & Supplies Bull 3X ETF) and DPST (Direxion Daily Regional Banks Bull 3X Shares) are both exchange-traded funds - NAIL is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index, while DPST is a Leveraged Equities fund tracking the Solactive US Regional Banks Total Return Index (300%). Both are passively managed. Over the past 10 years, NAIL returned 2.80%/yr vs -11.01%/yr for DPST. Their 0.48 correlation means their historical movements had little consistent relationship. NAIL charges 0.96%/yr vs 0.99%/yr for DPST.

Performance

NAIL vs. DPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) and Direxion Daily Regional Banks Bull 3X Shares (DPST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAIL achieves a -25.11% return, which is significantly lower than DPST's 45.96% return. Over the past 10 years, NAIL has outperformed DPST with an annualized return of 2.80%, while DPST has yielded a comparatively lower -11.01% annualized return.

NAIL

• 1D: -3.77%
• 1M: -24.78%
• 6M: -35.02%
• YTD: -25.11%
• 1Y: -40.69%
• 3Y*: -23.69%
• 5Y*: -14.77%
• 10Y*: 2.80%
• ALL TIME*: -0.25%

DPST

• 1D: 0.85%
• 1M: 2.62%
• 6M: 24.97%
• YTD: 45.96%
• 1Y: 81.17%
• 3Y*: 22.15%
• 5Y*: -14.99%
• 10Y*: -11.01%
• ALL TIME*: -12.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DPST Direxion Daily Regional Banks Bull 3X Shares	$35.57M	$38.84M	$44.12M
NAIL Direxion Daily Homebuilders & Supplies Bull 3X ETF	$44.87M	$43.82M	$62.70M

NAIL vs. DPST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAIL Direxion Daily Homebuilders & Supplies Bull 3X ETF	-25.11%	-40.43%	-22.83%	259.61%	-75.23%	168.20%	-32.08%	184.63%	-73.96%	268.71%
DPST Direxion Daily Regional Banks Bull 3X Shares	45.96%	-5.90%	15.48%	-55.79%	-54.10%	108.31%	-76.53%	70.65%	-56.75%	7.28%

Correlation

The correlation between NAIL and DPST is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (3Y) Balances recent behavior with more history.	0.55
Correlation (5Y) Shows whether the relationship held over a longer period.	0.56
Correlation (10Y) Provides a long-term view across more market conditions.	0.49
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.48

The correlation between NAIL and DPST has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.

NAIL vs. DPST - Sectors Allocation Comparison

Sectors	NAIL	DPST
Consumer Cyclical	71.9%	-
Industrials	19.0%	-
Basic Materials	8.4%	-
Real Estate	0.7%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Technology	-	-
Utilities	-	-

Return for Risk

NAIL vs. DPST — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NAIL

NAIL Risk / Return Rank: 6
NAIL Sharpe Ratio Rank: 6
NAIL Sortino Ratio Rank: 8
NAIL Omega Ratio Rank: 8
NAIL Calmar Ratio Rank: 5
NAIL Martin Ratio Rank: 6

DPST

DPST Risk / Return Rank: 44
DPST Sharpe Ratio Rank: 41
DPST Sortino Ratio Rank: 45
DPST Omega Ratio Rank: 47
DPST Calmar Ratio Rank: 48
DPST Martin Ratio Rank: 38

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NAIL vs. DPST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) and Direxion Daily Regional Banks Bull 3X Shares (DPST). 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	DPST	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	1.03	-1.44
Sortino ratio: Return per unit of downside risk	-0.12	1.64	-1.77
Omega ratio: Gain probability vs. loss probability	0.99	1.22	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.53	1.73	-2.26
Martin ratio: Return relative to average drawdown	-0.82	3.92	-4.74

NAIL vs. DPST - Sharpe Ratio Comparison

The current NAIL Sharpe Ratio is -0.41, which is lower than the DPST Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of NAIL and DPST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NAIL vs. DPST - Drawdown Comparison

The maximum NAIL drawdown since its inception was -93.75%, roughly equal to the maximum DPST drawdown of -97.73%. Use the drawdown chart below to compare losses from any high point for NAIL and DPST.

Drawdown Indicators

	NAIL	DPST	Difference
Max Drawdown Largest peak-to-trough decline	-93.75%	-97.73%	+3.98%
Max Drawdown (1Y) Largest decline over 1 year	-67.85%	-40.44%	-27.41%
Max Drawdown (3Y) Largest decline over 3 years	-82.09%	-68.38%	-13.71%
Max Drawdown (5Y) Largest decline over 5 years	-84.40%	-93.99%	+9.59%
Max Drawdown (10Y) Largest decline over 10 years	-93.75%	-97.73%	+3.98%
Current Drawdown Current decline from peak	-78.60%	-91.06%	+12.46%
Average Drawdown Average peak-to-trough decline	-44.24%	-64.52%	+20.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.97%	17.85%	+26.12%

Volatility

NAIL vs. DPST - Volatility Comparison

Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) has a higher volatility of 26.41% compared to Direxion Daily Regional Banks Bull 3X Shares (DPST) at 16.37%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than DPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAIL	DPST	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.41%	16.37%	+10.04%
Volatility (6M) Calculated over the trailing 6-month period	65.39%	46.05%	+19.34%
Volatility (1Y) Calculated over the trailing 1-year period	87.99%	68.21%	+19.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.09%	88.35%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.81%	94.21%	-4.40%

NAIL vs. DPST - Expense Ratio Comparison

NAIL has a 0.96% expense ratio, which is lower than DPST's 0.99% expense ratio.

Dividends

NAIL vs. DPST - Dividend Comparison

NAIL's dividend yield for the trailing twelve months is around 0.83%, less than DPST's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DPST Direxion Daily Regional Banks Bull 3X Shares	1.50%	2.18%	1.55%	1.78%	1.51%	0.58%	0.90%	1.29%	2.18%	0.30%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X ETF	0.83%	1.55%	0.63%	0.22%	0.00%	0.00%	0.01%	0.17%	0.35%	1.25%

Frequently Asked Questions

Can I hold both NAIL and DPST in my portfolio?

NAIL and DPST have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NAIL or DPST?

NAIL has higher volatility (26.41%) compared to DPST (16.37%). In terms of maximum drawdown, NAIL dropped -93.75% vs DPST's -97.73%.

Which ETF is better, NAIL or DPST?

On 10-year performance, NAIL leads with 2.80% vs -11.01% for DPST. On fees, NAIL is cheaper at 0.96% per year. On volatility, DPST has been the lower-risk option at 16.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NAIL or DPST?

Over the 10-year period, NAIL has performed better with a 2.80% return vs -11.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NAIL or DPST?

NAIL is cheaper with a 0.96% expense ratio, compared with 0.99% for DPST.

Which ETF pays a higher dividend yield, NAIL or DPST?

DPST has the higher dividend yield at 1.50%, compared with 0.83% for NAIL.

What is the main difference between NAIL and DPST?

NAIL is categorized as Building & Construction, while DPST is Leveraged Equities. NAIL tracks Dow Jones U.S. Select Home Construction Index, while DPST tracks Solactive US Regional Banks Total Return Index (300%). Their fees differ too: 0.96% for NAIL and 0.99% for DPST.

Which has better risk-adjusted returns?

DPST currently has the higher Sharpe Ratio (1.03 vs -0.41), 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.