NAIL vs. TQQQ

Last updated Jun 24, 2026

NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds - NAIL tracks the Dow Jones U.S. Select Home Construction Index (300%) while TQQQ tracks the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, NAIL returned 6.00%/yr vs 45.48%/yr for TQQQ. At a 0.48 correlation, their price movements are largely independent. NAIL charges 0.99%/yr vs 0.95%/yr for TQQQ.

Performance

NAIL vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAIL achieves a -12.96% return, which is significantly lower than TQQQ's 41.43% return. Over the past 10 years, NAIL has underperformed TQQQ with an annualized return of 6.00%, while TQQQ has yielded a comparatively higher 45.48% annualized return.

NAIL

• 1D: -0.37%
• 1M: 19.42%
• YTD: -12.96%
• 6M: -15.45%
• 1Y: -16.71%
• 3Y*: -13.68%
• 5Y*: -9.79%
• 10Y*: 6.00%

TQQQ

• 1D: -9.86%
• 1M: -4.37%
• YTD: 41.43%
• 6M: 35.75%
• 1Y: 100.69%
• 3Y*: 58.02%
• 5Y*: 21.47%
• 10Y*: 45.48%

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

NAIL vs. TQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	-12.96%	-40.43%	-22.83%	259.61%	-75.23%	168.20%	-32.08%	184.63%	-73.96%	268.71%
TQQQ ProShares UltraPro QQQ	41.43%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%

Correlation

The correlation between NAIL and TQQQ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.48

Over the past year, the correlation between NAIL and TQQQ has dropped to 0.27 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

NAIL vs. TQQQ - Sectors Allocation Comparison

Sectors	NAIL	TQQQ
Consumer Cyclical	71.3%	12.3%
Industrials	19.5%	2.8%
Basic Materials	8.7%	1.1%
Real Estate	0.5%	0.1%
Communication Services	-	15.8%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

NAIL vs. TQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NAIL

NAIL Risk / Return Rank: 8
NAIL Sharpe Ratio Rank: 7
NAIL Sortino Ratio Rank: 10
NAIL Omega Ratio Rank: 10
NAIL Calmar Ratio Rank: 7
NAIL Martin Ratio Rank: 7

TQQQ

TQQQ Risk / Return Rank: 53
TQQQ Sharpe Ratio Rank: 58
TQQQ Sortino Ratio Rank: 47
TQQQ Omega Ratio Rank: 49
TQQQ Calmar Ratio Rank: 57
TQQQ Martin Ratio Rank: 52

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. TQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and ProShares UltraPro QQQ (TQQQ). 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	TQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	1.90	-2.09
Sortino ratio: Return per unit of downside risk	0.36	2.27	-1.91
Omega ratio: Gain probability vs. loss probability	1.04	1.30	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.25	2.74	-2.99
Martin ratio: Return relative to average drawdown	-0.42	8.72	-9.13

NAIL vs. TQQQ - Sharpe Ratio Comparison

The current NAIL Sharpe Ratio is -0.19, which is lower than the TQQQ Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of NAIL and TQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NAIL vs. TQQQ - Drawdown Comparison

The maximum NAIL drawdown since its inception was -93.75%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for NAIL and TQQQ.

Drawdown Indicators

	NAIL	TQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-93.75%	-81.66%	-12.09%
Max Drawdown (1Y) Largest decline over 1 year	-67.85%	-36.97%	-30.88%
Max Drawdown (3Y) Largest decline over 3 years	-82.09%	-58.04%	-24.05%
Max Drawdown (5Y) Largest decline over 5 years	-84.40%	-81.66%	-2.74%
Max Drawdown (10Y) Largest decline over 10 years	-93.75%	-81.66%	-12.09%
Current Drawdown Current decline from peak	-75.13%	-14.65%	-60.48%
Average Drawdown Average peak-to-trough decline	-43.93%	-18.49%	-25.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.23%	11.59%	+28.64%

Volatility

NAIL vs. TQQQ - Volatility Comparison

The current volatility for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) is 24.70%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 27.27%. This indicates that NAIL experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAIL	TQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.70%	27.27%	-2.57%
Volatility (6M) Calculated over the trailing 6-month period	63.33%	43.35%	+19.98%
Volatility (1Y) Calculated over the trailing 1-year period	88.92%	53.39%	+35.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.48%	67.41%	+20.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.45%	66.32%	+23.13%

NAIL vs. TQQQ - Expense Ratio Comparison

NAIL has a 0.99% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

Dividends

NAIL vs. TQQQ - Dividend Comparison

NAIL's dividend yield for the trailing twelve months is around 0.91%, more than TQQQ's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	0.91%	1.55%	0.63%	0.22%	0.00%	0.00%	0.01%	0.17%	0.35%	1.25%	0.00%	0.00%
TQQQ ProShares UltraPro QQQ	0.42%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both NAIL and TQQQ in my portfolio?

NAIL and TQQQ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NAIL or TQQQ?

TQQQ has higher volatility (27.27%) compared to NAIL (24.70%). In terms of maximum drawdown, NAIL dropped -93.75% vs TQQQ's -81.66%.

Which ETF is better, NAIL or TQQQ?

On 10-year performance, TQQQ leads with 45.48% vs 6.00% for NAIL. On fees, TQQQ is cheaper at 0.95% per year. On volatility, NAIL has been the lower-risk option at 24.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NAIL or TQQQ?

Over the 10-year period, TQQQ has performed better with a 45.48% return vs 6.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NAIL or TQQQ?

TQQQ is cheaper with a 0.95% expense ratio, compared with 0.99% for NAIL.

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

NAIL has the higher dividend yield at 0.91%, compared with 0.42% for TQQQ.

What is the main difference between NAIL and TQQQ?

NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.99% for NAIL and 0.95% for TQQQ.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (1.90 vs -0.19), 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.