NAIL vs. ORLG

Last updated Jul 17, 2026

NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and ORLG (Leverage Shares 2X Long ORLY Daily ETF) are both Leveraged Equities funds - NAIL tracks the Dow Jones U.S. Select Home Construction Index (300%) while ORLG tracks the O'Reilly Automotive, Inc. (ORLY). Both are passively managed. At a 0.22 correlation, their price movements are largely independent. NAIL charges 0.99%/yr vs 0.75%/yr for ORLG.

Performance

NAIL vs. ORLG - Performance Comparison

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

Returns By Period

NAIL

• 1D: 6.84%
• 1M: 0.99%
• 6M: -36.17%
• YTD: -8.67%
• 1Y: -17.52%
• 3Y*: -18.08%
• 5Y*: -7.37%
• 10Y*: 4.11%

ORLG

• 1D: 8.37%
• 1M: -11.93%
• 6M: -23.86%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NAIL vs. ORLG - Yearly Performance Comparison

	2026 (YTD)
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	-33.74%
ORLG Leverage Shares 2X Long ORLY Daily ETF	-25.87%

Correlation

The correlation between NAIL and ORLG is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 15, 2026	0.22

Return for Risk

NAIL vs. ORLG — 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

ORLG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. ORLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and Leverage Shares 2X Long ORLY Daily ETF (ORLG). 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	ORLG	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	—	—
Sortino ratio: Return per unit of downside risk	0.35	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	-0.26	—	—
Martin ratio: Return relative to average drawdown	-0.42	—	—

Drawdowns

NAIL vs. ORLG - Drawdown Comparison

The maximum NAIL drawdown since its inception was -93.75%, which is greater than ORLG's maximum drawdown of -39.93%. Use the drawdown chart below to compare losses from any high point for NAIL and ORLG.

Drawdown Indicators

	NAIL	ORLG	Difference
Max Drawdown Largest peak-to-trough decline	-93.75%	-39.93%	-53.82%
Max Drawdown (1Y) Largest decline over 1 year	-67.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-82.09%	—	—
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	-73.90%	-34.91%	-38.99%
Average Drawdown Average peak-to-trough decline	-44.10%	-20.65%	-23.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.24%	—	—

Volatility

Volatility by Period

	NAIL	ORLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	63.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	89.29%	59.08%	+30.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.98%	59.08%	+28.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.62%	59.08%	+30.54%

NAIL vs. ORLG - Expense Ratio Comparison

NAIL has a 0.99% expense ratio, which is higher than ORLG's 0.75% expense ratio.

Dividends

NAIL vs. ORLG - Dividend Comparison

NAIL's dividend yield for the trailing twelve months is around 0.68%, while ORLG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	0.68%	1.55%	0.63%	0.22%	0.00%	0.00%	0.01%	0.17%	0.35%	1.25%
ORLG Leverage Shares 2X Long ORLY Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NAIL and ORLG in my portfolio?

NAIL and ORLG have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NAIL or ORLG?

On fees, ORLG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NAIL or ORLG?

ORLG is cheaper with a 0.75% expense ratio, compared with 0.99% for NAIL.

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

NAIL has the higher dividend yield at 0.68%, compared with 0.00% for ORLG.

What is the main difference between NAIL and ORLG?

NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while ORLG tracks O'Reilly Automotive, Inc. (ORLY). They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.99% for NAIL and 0.75% for ORLG.