NAIL vs. DRN
NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both exchange-traded funds - NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%), while DRN is a REIT fund tracking the MSCI US REIT Index (300%). Both are passively managed. Over the past 10 years, NAIL returned 6.00%/yr vs -4.65%/yr for DRN. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.
Performance
NAIL vs. DRN - Performance Comparison
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Returns By Period
In the year-to-date period, NAIL achieves a -12.96% return, which is significantly lower than DRN's 29.87% return. Over the past 10 years, NAIL has outperformed DRN with an annualized return of 6.00%, while DRN has yielded a comparatively lower -4.65% annualized return.
NAIL
- 1D
- -0.37%
- 1M
- 19.42%
- YTD
- -12.96%
- 6M
- -15.45%
- 1Y
- -16.71%
- 3Y*
- -13.68%
- 5Y*
- -9.79%
- 10Y*
- 6.00%
DRN
- 1D
- 3.48%
- 1M
- 0.92%
- YTD
- 29.87%
- 6M
- 31.25%
- 1Y
- 12.29%
- 3Y*
- 12.52%
- 5Y*
- -10.17%
- 10Y*
- -4.65%
NAIL vs. DRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -12.96% | -40.43% | -22.83% | 259.61% | -75.23% | 168.20% | -32.08% | 184.63% | -73.96% | 268.71% |
DRN Direxion Daily Real Estate Bull 3x Shares | 29.87% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -25.11% | 7.50% |
Correlation
The correlation between NAIL and DRN is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | 0.51 |
The correlation between NAIL and DRN has been stable across timeframes, ranging from 0.51 to 0.60 - a consistent structural relationship.
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Return for Risk
NAIL vs. DRN — Risk / Return Rank
NAIL
DRN
NAIL vs. DRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and Direxion Daily Real Estate Bull 3x Shares (DRN). 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 | DRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.08 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 0.51 | -0.76 |
| Martin ratioReturn relative to average drawdown | -0.42 | 1.12 | -1.54 |
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Drawdowns
NAIL vs. DRN - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, which is greater than DRN's maximum drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for NAIL and DRN.
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Drawdown Indicators
| NAIL | DRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -86.32% | -7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -67.85% | -24.28% | -43.57% |
Max Drawdown (3Y)Largest decline over 3 years | -82.09% | -48.26% | -33.83% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | -80.58% | -3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -93.75% | -86.32% | -7.43% |
Current DrawdownCurrent decline from peak | -75.13% | -62.97% | -12.16% |
Average DrawdownAverage peak-to-trough decline | -43.93% | -35.15% | -8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.23% | 10.95% | +29.28% |
Volatility
NAIL vs. DRN - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 24.70% compared to Direxion Daily Real Estate Bull 3x Shares (DRN) at 15.77%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than DRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAIL | DRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.70% | 15.77% | +8.93% |
Volatility (6M)Calculated over the trailing 6-month period | 63.33% | 31.71% | +31.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.92% | 42.14% | +46.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.48% | 56.85% | +30.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.45% | 60.77% | +28.68% |
NAIL vs. DRN - Expense Ratio Comparison
Both NAIL and DRN have an expense ratio of 0.99%.
Dividends
NAIL vs. DRN - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 0.91%, less than DRN's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 2.05% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.91% | 1.55% | 0.63% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% |
Frequently Asked Questions
NAIL and DRN have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAIL has higher volatility (24.70%) compared to DRN (15.77%). In terms of maximum drawdown, NAIL dropped -93.75% vs DRN's -86.32%.
On 10-year performance, NAIL leads with 6.00% vs -4.65% for DRN. Both ETFs have the same 0.99% expense ratio. On volatility, DRN has been the lower-risk option at 15.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NAIL has performed better with a 6.00% return vs -4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NAIL and DRN have the same expense ratio: 0.99% per year.
DRN has the higher dividend yield at 2.05%, compared with 0.91% for NAIL.
NAIL is categorized as Leveraged Equities, while DRN is REIT. NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while DRN tracks MSCI US REIT Index (300%).
DRN currently has the higher Sharpe Ratio (0.29 vs -0.19), 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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