NAIL vs. SOXS
NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Leveraged Equities funds from Direxion - NAIL tracks the Dow Jones U.S. Select Home Construction Index (300%) while SOXS tracks the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, NAIL returned 3.96%/yr vs -78.92%/yr for SOXS. At a correlation of -0.47, they often move in opposite directions. NAIL charges 0.99%/yr vs 1.08%/yr for SOXS.
Performance
NAIL vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, NAIL achieves a -23.44% return, which is significantly higher than SOXS's -92.10% return. Over the past 10 years, NAIL has outperformed SOXS with an annualized return of 3.96%, while SOXS has yielded a comparatively lower -78.92% annualized return.
NAIL
- 1D
- -2.39%
- 1M
- 1.50%
- YTD
- -23.44%
- 6M
- -42.68%
- 1Y
- -20.27%
- 3Y*
- -11.78%
- 5Y*
- -14.07%
- 10Y*
- 3.96%
SOXS
- 1D
- -5.03%
- 1M
- -62.97%
- YTD
- -92.10%
- 6M
- -91.70%
- 1Y
- -97.75%
- 3Y*
- -86.64%
- 5Y*
- -79.66%
- 10Y*
- -78.92%
NAIL vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -23.44% | -40.43% | -22.83% | 259.61% | -75.23% | 168.20% | -32.08% | 184.63% | -73.96% | 268.71% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.10% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between NAIL and SOXS is -0.32, 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 | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2015 | -0.47 |
The correlation between NAIL and SOXS shifts across timeframes, from -0.49 (5 years) to -0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NAIL vs. SOXS — Risk / Return Rank
NAIL
SOXS
NAIL vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +4.21 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.58 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | -1.00 | +0.70 |
| Martin ratioReturn relative to average drawdown | -0.53 | -1.44 | +0.91 |
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 | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.23 | -0.96 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.74 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | -0.79 | +0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | -0.79 | +0.79 |
Drawdowns
NAIL vs. SOXS - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for NAIL and SOXS.
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Drawdown Indicators
| NAIL | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -100.00% | +6.25% |
Max Drawdown (1Y)Largest decline over 1 year | -67.85% | -97.68% | +29.83% |
Max Drawdown (3Y)Largest decline over 3 years | -82.09% | -99.80% | +17.71% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | -99.97% | +15.57% |
Max Drawdown (10Y)Largest decline over 10 years | -93.75% | -100.00% | +6.25% |
Current DrawdownCurrent decline from peak | -78.12% | -100.00% | +21.88% |
Average DrawdownAverage peak-to-trough decline | -43.80% | -92.60% | +48.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.18% | 68.64% | -30.46% |
Volatility
NAIL vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) is 24.23%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.22%. This indicates that NAIL experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAIL | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.23% | 44.22% | -19.99% |
Volatility (6M)Calculated over the trailing 6-month period | 60.86% | 83.94% | -23.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.63% | 102.18% | -14.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.99% | 108.21% | -21.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.20% | 100.48% | -11.28% |
NAIL vs. SOXS - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
NAIL vs. SOXS - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 1.04%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 1.04% | 1.55% | 0.63% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 68.34% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% |
Frequently Asked Questions
NAIL and SOXS have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.22%) compared to NAIL (24.23%). In terms of maximum drawdown, NAIL dropped -93.75% vs SOXS's -100.00%.
On 10-year performance, NAIL leads with 3.96% vs -78.92% for SOXS. On fees, NAIL is cheaper at 0.99% per year. On volatility, NAIL has been the lower-risk option at 24.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NAIL has performed better with a 3.96% return vs -78.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NAIL is cheaper with a 0.99% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 68.34%, compared with 1.04% for NAIL.
NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 0.99% for NAIL and 1.08% for SOXS.
NAIL currently has the higher Sharpe Ratio (-0.23 vs -0.96), 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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