NAIL vs. PIT
NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and PIT (VanEck Commodity Strategy ETF) are both exchange-traded funds - NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%), while PIT is a Commodities fund actively managed by VanEck. NAIL is passively managed, while PIT is actively managed. Over the past 3 years, NAIL returned -16.59%/yr vs 19.03%/yr for PIT. At a correlation of -0.04, they often move in opposite directions. NAIL charges 0.99%/yr vs 0.55%/yr for PIT.
Performance
NAIL vs. PIT - Performance Comparison
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Returns By Period
In the year-to-date period, NAIL achieves a -14.81% return, which is significantly lower than PIT's 29.50% return.
NAIL
- 1D
- 2.66%
- 1M
- -1.91%
- 6M
- -36.49%
- YTD
- -14.81%
- 1Y
- -31.98%
- 3Y*
- -16.59%
- 5Y*
- -10.52%
- 10Y*
- 3.17%
PIT
- 1D
- -0.32%
- 1M
- -2.24%
- 6M
- 25.36%
- YTD
- 29.50%
- 1Y
- 40.55%
- 3Y*
- 19.03%
- 5Y*
- —
- 10Y*
- —
NAIL vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -14.81% | -40.43% | -22.83% | 259.61% | -4.28% |
PIT VanEck Commodity Strategy ETF | 29.50% | 21.63% | 6.77% | -4.54% | 1.67% |
Correlation
The correlation between NAIL and PIT is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022 | -0.04 |
The correlation between NAIL and PIT shifts across timeframes, from -0.19 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NAIL vs. PIT — Risk / Return Rank
NAIL
PIT
NAIL vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and VanEck Commodity Strategy ETF (PIT). 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 | PIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.59 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.34 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.48 | -2.99 |
| Martin ratioReturn relative to average drawdown | -0.84 | 8.70 | -9.54 |
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Drawdowns
NAIL vs. PIT - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, which is greater than PIT's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for NAIL and PIT.
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Drawdown Indicators
| NAIL | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -17.20% | -76.55% |
Max Drawdown (1Y)Largest decline over 1 year | -67.85% | -17.20% | -50.65% |
Max Drawdown (3Y)Largest decline over 3 years | -82.09% | -17.20% | -64.89% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -93.75% | — | — |
Current DrawdownCurrent decline from peak | -75.66% | -12.57% | -63.09% |
Average DrawdownAverage peak-to-trough decline | -44.06% | -4.23% | -39.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.70% | 4.88% | +36.82% |
Volatility
NAIL vs. PIT - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 32.41% compared to VanEck Commodity Strategy ETF (PIT) at 5.78%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAIL | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.41% | 5.78% | +26.63% |
Volatility (6M)Calculated over the trailing 6-month period | 66.77% | 19.58% | +47.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.81% | 21.84% | +67.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.93% | 17.58% | +70.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.58% | 17.58% | +72.00% |
NAIL vs. PIT - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is higher than PIT's 0.55% expense ratio.
Dividends
NAIL vs. PIT - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 0.73%, less than PIT's 6.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.73% | 1.55% | 0.63% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% |
PIT VanEck Commodity Strategy ETF | 6.88% | 8.92% | 3.59% | 6.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NAIL and PIT have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAIL has higher volatility (32.41%) compared to PIT (5.78%). In terms of maximum drawdown, NAIL dropped -93.75% vs PIT's -17.20%.
On 3-year performance, PIT leads with 19.03% vs -16.59% for NAIL. On fees, PIT is cheaper at 0.55% per year. On volatility, PIT has been the lower-risk option at 5.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PIT has performed better with a 19.03% return vs -16.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PIT is cheaper with a 0.55% expense ratio, compared with 0.99% for NAIL.
PIT has the higher dividend yield at 6.88%, compared with 0.73% for NAIL.
NAIL is categorized as Leveraged Equities, while PIT is Commodities. They also come from different issuers: Direxion and VanEck. Their fees differ too: 0.99% for NAIL and 0.55% for PIT.
PIT currently has the higher Sharpe Ratio (1.95 vs -0.39), 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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