NAIL vs. QTAP
Compare and contrast key facts about Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and Innovator Growth Accelerated Plus ETF - April (QTAP).
NAIL and QTAP 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. QTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
NAIL vs. QTAP - Performance Comparison
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NAIL vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -22.60% | -40.43% | -22.83% | 259.61% | -75.23% | 50.79% |
QTAP Innovator Growth Accelerated Plus ETF - April | 3.02% | 19.36% | 17.34% | 43.32% | -25.87% | 15.63% |
Returns By Period
In the year-to-date period, NAIL achieves a -22.60% return, which is significantly lower than QTAP's 3.02% 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%
QTAP
- 1D
- 1.74%
- 1M
- 1.79%
- YTD
- 3.02%
- 6M
- 5.43%
- 1Y
- 21.08%
- 3Y*
- 19.58%
- 5Y*
- —
- 10Y*
- —
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NAIL vs. QTAP - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Return for Risk
NAIL vs. QTAP — Risk / Return Rank
NAIL
QTAP
NAIL vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and Innovator Growth Accelerated Plus ETF - April (QTAP). 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 | QTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.42 | 1.29 | -1.71 |
Sortino ratioReturn per unit of downside risk | -0.13 | 2.05 | -2.18 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.50 | -0.52 |
Calmar ratioReturn relative to maximum drawdown | -0.59 | 1.81 | -2.41 |
Martin ratioReturn relative to average drawdown | -1.21 | 12.95 | -14.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NAIL | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | 1.29 | -1.71 |
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 | 0.64 | -0.64 |
Correlation
The correlation between NAIL and QTAP is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NAIL vs. QTAP - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 1.03%, while QTAP has not paid dividends to shareholders.
| 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% |
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NAIL vs. QTAP - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for NAIL and QTAP.
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Drawdown Indicators
| NAIL | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -29.44% | -64.31% |
Max Drawdown (1Y)Largest decline over 1 year | -63.82% | -12.04% | -51.78% |
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 | -77.88% | 0.00% | -77.88% |
Average DrawdownAverage peak-to-trough decline | -43.27% | -5.21% | -38.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.44% | 1.68% | +29.76% |
Volatility
NAIL vs. QTAP - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 24.46% compared to Innovator Growth Accelerated Plus ETF - April (QTAP) at 1.88%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than QTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAIL | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.46% | 1.88% | +22.58% |
Volatility (6M)Calculated over the trailing 6-month period | 57.44% | 3.23% | +54.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.64% | 16.38% | +74.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.63% | 19.03% | +67.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.61% | 19.03% | +69.58% |