NAIL vs. INDA

Last updated Jun 13, 2026

NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and INDA (iShares MSCI India ETF) are both exchange-traded funds - NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%), while INDA is a Asia Pacific Equities fund tracking the MSCI India Index. Both are passively managed. Over the past 10 years, NAIL returned 6.16%/yr vs 7.09%/yr for INDA. At a 0.34 correlation, their price movements are largely independent. NAIL charges 0.99%/yr vs 0.69%/yr for INDA.

Performance

NAIL vs. INDA - Performance Comparison

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

Returns By Period

In the year-to-date period, NAIL achieves a -13.15% return, which is significantly lower than INDA's -10.58% return. Over the past 10 years, NAIL has underperformed INDA with an annualized return of 6.16%, while INDA has yielded a comparatively higher 7.09% annualized return.

NAIL

• 1D: -2.18%
• 1M: 25.39%
• YTD: -13.15%
• 6M: -27.97%
• 1Y: -17.64%
• 3Y*: -11.92%
• 5Y*: -9.97%
• 10Y*: 6.16%

INDA

• 1D: 1.13%
• 1M: 0.73%
• YTD: -10.58%
• 6M: -9.05%
• 1Y: -11.81%
• 3Y*: 4.51%
• 5Y*: 2.79%
• 10Y*: 7.09%

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

NAIL vs. INDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	-13.15%	-40.43%	-22.83%	259.61%	-75.23%	168.20%	-32.08%	184.63%	-73.96%	268.71%
INDA iShares MSCI India ETF	-10.58%	2.68%	8.63%	17.16%	-8.94%	21.36%	14.83%	6.49%	-6.67%	36.08%

Correlation

The correlation between NAIL and INDA is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.35

The correlation between NAIL and INDA shifts across timeframes, from 0.27 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

NAIL vs. INDA - Sectors Allocation Comparison

Sectors	NAIL	INDA
Consumer Cyclical	71.8%	12.5%
Industrials	19.1%	10.3%
Basic Materials	8.6%	8.0%
Real Estate	0.5%	1.4%
Communication Services	-	4.7%
Consumer Defensive	-	6.2%
Energy	-	9.5%
Financial Services	-	28.4%
Healthcare	-	6.2%
Technology	-	8.3%
Utilities	-	4.6%

Return for Risk

NAIL vs. INDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NAIL

NAIL Risk / Return Rank: 9
NAIL Sharpe Ratio Rank: 7
NAIL Sortino Ratio Rank: 11
NAIL Omega Ratio Rank: 11
NAIL Calmar Ratio Rank: 7
NAIL Martin Ratio Rank: 7

INDA

INDA Risk / Return Rank: 3
INDA Sharpe Ratio Rank: 3
INDA Sortino Ratio Rank: 3
INDA Omega Ratio Rank: 3
INDA Calmar Ratio Rank: 4
INDA Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NAIL vs. INDA - 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 MSCI India ETF (INDA). 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	INDA	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	-0.80	+0.60
Sortino ratio: Return per unit of downside risk	0.35	-1.10	+1.44
Omega ratio: Gain probability vs. loss probability	1.04	0.88	+0.16
Calmar ratio: Return relative to maximum drawdown	-0.26	-0.63	+0.37
Martin ratio: Return relative to average drawdown	-0.45	-1.46	+1.01

NAIL vs. INDA - Sharpe Ratio Comparison

The current NAIL Sharpe Ratio is -0.20, which is higher than the INDA Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of NAIL and INDA, 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. INDA - Drawdown Comparison

The maximum NAIL drawdown since its inception was -93.75%, which is greater than INDA's maximum drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for NAIL and INDA.

Drawdown Indicators

	NAIL	INDA	Difference
Max Drawdown Largest peak-to-trough decline	-93.75%	-45.07%	-48.68%
Max Drawdown (1Y) Largest decline over 1 year	-67.85%	-18.69%	-49.16%
Max Drawdown (3Y) Largest decline over 3 years	-82.09%	-22.72%	-59.37%
Max Drawdown (5Y) Largest decline over 5 years	-84.40%	-22.72%	-61.68%
Max Drawdown (10Y) Largest decline over 10 years	-93.75%	-45.07%	-48.68%
Current Drawdown Current decline from peak	-75.18%	-17.77%	-57.41%
Average Drawdown Average peak-to-trough decline	-43.87%	-9.59%	-34.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.36%	8.09%	+31.27%

Volatility

NAIL vs. INDA - Volatility Comparison

Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 26.93% compared to iShares MSCI India ETF (INDA) at 4.16%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAIL	INDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.93%	4.16%	+22.77%
Volatility (6M) Calculated over the trailing 6-month period	61.98%	12.77%	+49.21%
Volatility (1Y) Calculated over the trailing 1-year period	88.92%	14.79%	+74.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.27%	15.40%	+71.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.35%	21.11%	+68.24%

NAIL vs. INDA - Expense Ratio Comparison

NAIL has a 0.99% expense ratio, which is higher than INDA's 0.69% expense ratio.

Dividends

NAIL vs. INDA - Dividend Comparison

NAIL's dividend yield for the trailing twelve months is around 0.91%, while INDA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INDA iShares MSCI India ETF	0.00%	0.00%	0.76%	0.16%	0.00%	6.44%	0.27%	0.99%	0.94%	1.09%	0.90%	1.19%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NAIL and INDA in my portfolio?

NAIL and INDA have a correlation of 0.27, 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 INDA?

NAIL has higher volatility (26.93%) compared to INDA (4.16%). In terms of maximum drawdown, NAIL dropped -93.75% vs INDA's -45.07%.

Which ETF is better, NAIL or INDA?

On 10-year performance, INDA leads with 7.09% vs 6.16% for NAIL. On fees, INDA is cheaper at 0.69% per year. On volatility, INDA has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NAIL or INDA?

Over the 10-year period, INDA has performed better with a 7.09% return vs 6.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NAIL or INDA?

INDA is cheaper with a 0.69% expense ratio, compared with 0.99% for NAIL.

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

NAIL has the higher dividend yield at 0.91%, compared with 0.00% for INDA.

What is the main difference between NAIL and INDA?

NAIL is categorized as Leveraged Equities, while INDA is Asia Pacific Equities. NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while INDA tracks MSCI India Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.99% for NAIL and 0.69% for INDA.

Which has better risk-adjusted returns?

NAIL currently has the higher Sharpe Ratio (-0.20 vs -0.80), 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.