NAIL vs. ITB
Compare and contrast key facts about Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and iShares U.S. Home Construction ETF (ITB).
NAIL and ITB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NAIL is a passively managed fund by Direxion that tracks the performance of the Dow Jones U.S. Select Home Construction Index (300%). It was launched on Aug 19, 2015. ITB is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Home Construction Index. It was launched on May 1, 2006. Both NAIL and ITB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAIL or ITB.
Performance
NAIL vs. ITB - Performance Comparison
Returns By Period
In the year-to-date period, NAIL achieves a 17.23% return, which is significantly higher than ITB's 15.86% return.
NAIL
17.23%
-18.89%
21.25%
87.59%
13.08%
N/A
ITB
15.86%
-5.90%
12.60%
37.10%
22.11%
16.99%
Key characteristics
| NAIL | ITB | |
|---|---|---|
| Sharpe Ratio | 1.05 | 1.37 |
| Sortino Ratio | 1.75 | 1.99 |
| Omega Ratio | 1.21 | 1.24 |
| Calmar Ratio | 1.78 | 2.27 |
| Martin Ratio | 4.31 | 5.76 |
| Ulcer Index | 18.90% | 6.17% |
| Daily Std Dev | 77.59% | 25.99% |
| Max Drawdown | -93.75% | -86.53% |
| Current Drawdown | -27.14% | -9.15% |
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NAIL vs. ITB - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is higher than ITB's 0.42% expense ratio.
Correlation
The correlation between NAIL and ITB is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
NAIL vs. ITB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and iShares U.S. Home Construction ETF (ITB). 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.
Dividends
NAIL vs. ITB - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 0.40%, more than ITB's 0.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.40% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% |
ITB iShares U.S. Home Construction ETF | 0.39% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% | 0.34% | 0.12% |
Drawdowns
NAIL vs. ITB - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, which is greater than ITB's maximum drawdown of -86.53%. Use the drawdown chart below to compare losses from any high point for NAIL and ITB. For additional features, visit the drawdowns tool.
Volatility
NAIL vs. ITB - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 18.31% compared to iShares U.S. Home Construction ETF (ITB) at 6.14%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than ITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.