NAIL vs. SPY
Compare and contrast key facts about Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and SPDR S&P 500 ETF (SPY).
NAIL and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both NAIL and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NAIL or SPY.
Performance
NAIL vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, NAIL achieves a 17.23% return, which is significantly lower than SPY's 25.41% return.
NAIL
17.23%
-18.89%
21.25%
87.59%
13.08%
N/A
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| NAIL | SPY | |
|---|---|---|
| Sharpe Ratio | 1.05 | 2.62 |
| Sortino Ratio | 1.75 | 3.50 |
| Omega Ratio | 1.21 | 1.49 |
| Calmar Ratio | 1.78 | 3.78 |
| Martin Ratio | 4.31 | 17.00 |
| Ulcer Index | 18.90% | 1.87% |
| Daily Std Dev | 77.59% | 12.14% |
| Max Drawdown | -93.75% | -55.19% |
| Current Drawdown | -27.14% | -1.38% |
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NAIL vs. SPY - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between NAIL and SPY is 0.60, 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.
Risk-Adjusted Performance
NAIL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and SPDR S&P 500 ETF (SPY). 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.
Dividends
NAIL vs. SPY - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 0.40%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.40% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
NAIL vs. SPY - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NAIL and SPY. For additional features, visit the drawdowns tool.
Volatility
NAIL vs. SPY - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 18.31% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.