NAIL vs. MULL

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and GraniteShares 2x Long MU Daily ETF (MULL).

NAIL and MULL 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. MULL is an actively managed fund by GraniteShares. It was launched on Nov 11, 2024.

Performance

NAIL vs. MULL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and GraniteShares 2x Long MU Daily ETF (MULL). The values are adjusted to include any dividend payments, if applicable.

NAIL vs. MULL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	-22.60%	-40.43%	-35.51%
MULL GraniteShares 2x Long MU Daily ETF	40.10%	558.51%	-40.10%

Returns By Period

In the year-to-date period, NAIL achieves a -22.60% return, which is significantly lower than MULL's 40.10% return.

NAIL

• 1D: 1.03%
• 1M: -36.70%
• YTD: -22.60%
• 6M: -48.88%
• 1Y: -37.99%
• 3Y*: -4.41%
• 5Y*: -13.73%
• 10Y*: 4.24%

MULL

• 1D: 18.15%
• 1M: -25.99%
• YTD: 40.10%
• 6M: 196.67%
• 1Y: 845.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NAIL vs. MULL - Expense Ratio Comparison

NAIL has a 0.99% expense ratio, which is lower than MULL's 1.50% expense ratio.

MULL

GraniteShares 2x Long MU Daily ETF

NAIL

Direxion Daily Homebuilders & Supplies Bull 3X Shares

Return for Risk

NAIL vs. MULL — Risk / Return Rank

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

NAIL

NAIL Risk / Return Rank: 5
NAIL Sharpe Ratio Rank: 5
NAIL Sortino Ratio Rank: 8
NAIL Omega Ratio Rank: 8
NAIL Calmar Ratio Rank: 3
NAIL Martin Ratio Rank: 3

MULL

MULL Risk / Return Rank: 98
MULL Sharpe Ratio Rank: 99
MULL Sortino Ratio Rank: 97
MULL Omega Ratio Rank: 96
MULL Calmar Ratio Rank: 99
MULL Martin Ratio Rank: 99

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. MULL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and GraniteShares 2x Long MU Daily ETF (MULL). 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.

	NAIL	MULL	Difference
Sharpe ratio Return per unit of total volatility	-0.42	6.53	-6.95
Sortino ratio Return per unit of downside risk	-0.13	3.77	-3.90
Omega ratio Gain probability vs. loss probability	0.99	1.50	-0.52
Calmar ratio Return relative to maximum drawdown	-0.59	16.69	-17.29
Martin ratio Return relative to average drawdown	-1.21	46.83	-48.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NAIL vs. MULL - Sharpe Ratio Comparison

The current NAIL Sharpe Ratio is -0.42, which is lower than the MULL Sharpe Ratio of 6.53. The chart below compares the historical Sharpe Ratios of NAIL and MULL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NAIL	MULL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.42	6.53	-6.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	1.91	-1.91

Correlation

The correlation between NAIL and MULL is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NAIL vs. MULL - Dividend Comparison

NAIL's dividend yield for the trailing twelve months is around 1.03%, more than MULL's 0.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	1.03%	1.55%	0.63%	0.22%	0.00%	0.00%	0.01%	0.17%	0.35%	1.25%
MULL GraniteShares 2x Long MU Daily ETF	0.28%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NAIL vs. MULL - Drawdown Comparison

The maximum NAIL drawdown since its inception was -93.75%, which is greater than MULL's maximum drawdown of -72.29%. Use the drawdown chart below to compare losses from any high point for NAIL and MULL.

Drawdown Indicators

	NAIL	MULL	Difference
Max Drawdown Largest peak-to-trough decline	-93.75%	-72.29%	-21.46%
Max Drawdown (1Y) Largest decline over 1 year	-63.82%	-53.09%	-10.73%
Max Drawdown (5Y) Largest decline over 5 years	-84.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-93.75%	—	—
Current Drawdown Current decline from peak	-77.88%	-39.05%	-38.83%
Average Drawdown Average peak-to-trough decline	-43.27%	-21.99%	-21.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.44%	18.92%	+12.52%

Volatility

NAIL vs. MULL - Volatility Comparison

The current volatility for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) is 24.46%, while GraniteShares 2x Long MU Daily ETF (MULL) has a volatility of 47.87%. This indicates that NAIL experiences smaller price fluctuations and is considered to be less risky than MULL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAIL	MULL	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.46%	47.87%	-23.41%
Volatility (6M) Calculated over the trailing 6-month period	57.44%	99.70%	-42.26%
Volatility (1Y) Calculated over the trailing 1-year period	90.64%	130.90%	-40.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.63%	130.06%	-43.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.61%	130.06%	-41.45%