NAIL vs. UMDD

Last updated Jun 13, 2026

NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and UMDD (ProShares UltraPro MidCap400) are both Leveraged Equities funds - NAIL tracks the Dow Jones U.S. Select Home Construction Index (300%) while UMDD tracks the S&P MidCap 400 Index (300%). Both are passively managed. Over the past 10 years, NAIL returned 6.16%/yr vs 12.78%/yr for UMDD. A 0.68 correlation means they provide meaningful diversification when combined. NAIL charges 0.99%/yr vs 0.95%/yr for UMDD.

Performance

NAIL vs. UMDD - 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 MidCap400 (UMDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAIL achieves a -13.15% return, which is significantly lower than UMDD's 41.42% return. Over the past 10 years, NAIL has underperformed UMDD with an annualized return of 6.16%, while UMDD has yielded a comparatively higher 12.78% annualized return.

NAIL

• 1D: -2.18%
• 1M: 25.39%
• YTD: -13.15%
• 6M: -27.97%
• 1Y: -17.64%
• 3Y*: -11.92%
• 5Y*: -9.97%
• 10Y*: 6.16%

UMDD

• 1D: 2.20%
• 1M: 10.73%
• YTD: 41.42%
• 6M: 35.75%
• 1Y: 66.43%
• 3Y*: 23.57%
• 5Y*: 2.41%
• 10Y*: 12.78%

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

NAIL vs. UMDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	-13.15%	-40.43%	-22.83%	259.61%	-75.23%	168.20%	-32.08%	184.63%	-73.96%	268.71%
UMDD ProShares UltraPro MidCap400	41.42%	-2.57%	19.68%	27.21%	-49.60%	72.27%	-17.30%	78.90%	-40.29%	49.17%

Correlation

The correlation between NAIL and UMDD is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.68

The correlation between NAIL and UMDD has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.

NAIL vs. UMDD - Sectors Allocation Comparison

Sectors	NAIL	UMDD
Consumer Cyclical	71.8%	5.1%
Industrials	19.1%	13.4%
Basic Materials	8.6%	2.6%
Real Estate	0.5%	3.9%
Communication Services	-	0.5%
Consumer Defensive	-	2.2%
Energy	-	2.7%
Financial Services	-	7.1%
Healthcare	-	4.8%
Technology	-	9.0%
Utilities	-	1.6%

Return for Risk

NAIL vs. UMDD — Risk / Return Rank

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

NAIL

NAIL Risk / Return Rank: 9
NAIL Sharpe Ratio Rank: 7
NAIL Sortino Ratio Rank: 11
NAIL Omega Ratio Rank: 11
NAIL Calmar Ratio Rank: 7
NAIL Martin Ratio Rank: 7

UMDD

UMDD Risk / Return Rank: 49
UMDD Sharpe Ratio Rank: 45
UMDD Sortino Ratio Rank: 45
UMDD Omega Ratio Rank: 43
UMDD Calmar Ratio Rank: 58
UMDD Martin Ratio Rank: 56

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. UMDD - 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 MidCap400 (UMDD). 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	UMDD	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	1.40	-1.60
Sortino ratio: Return per unit of downside risk	0.35	2.01	-1.67
Omega ratio: Gain probability vs. loss probability	1.04	1.24	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.26	2.56	-2.83
Martin ratio: Return relative to average drawdown	-0.45	8.58	-9.03

NAIL vs. UMDD - Sharpe Ratio Comparison

The current NAIL Sharpe Ratio is -0.20, which is lower than the UMDD Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of NAIL and UMDD, 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. UMDD - Drawdown Comparison

The maximum NAIL drawdown since its inception was -93.75%, which is greater than UMDD's maximum drawdown of -86.24%. Use the drawdown chart below to compare losses from any high point for NAIL and UMDD.

Drawdown Indicators

	NAIL	UMDD	Difference
Max Drawdown Largest peak-to-trough decline	-93.75%	-86.24%	-7.51%
Max Drawdown (1Y) Largest decline over 1 year	-67.85%	-26.04%	-41.81%
Max Drawdown (3Y) Largest decline over 3 years	-82.09%	-60.33%	-21.76%
Max Drawdown (5Y) Largest decline over 5 years	-84.40%	-64.61%	-19.79%
Max Drawdown (10Y) Largest decline over 10 years	-93.75%	-86.24%	-7.51%
Current Drawdown Current decline from peak	-75.18%	-3.15%	-72.03%
Average Drawdown Average peak-to-trough decline	-43.87%	-23.58%	-20.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.36%	7.78%	+31.58%

Volatility

NAIL vs. UMDD - Volatility Comparison

Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 26.93% compared to ProShares UltraPro MidCap400 (UMDD) at 14.80%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than UMDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAIL	UMDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.93%	14.80%	+12.13%
Volatility (6M) Calculated over the trailing 6-month period	61.98%	35.26%	+26.72%
Volatility (1Y) Calculated over the trailing 1-year period	88.92%	47.64%	+41.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.27%	59.05%	+28.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.35%	62.32%	+27.03%

NAIL vs. UMDD - Expense Ratio Comparison

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

Dividends

NAIL vs. UMDD - Dividend Comparison

NAIL's dividend yield for the trailing twelve months is around 0.91%, more than UMDD's 0.74% 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%
UMDD ProShares UltraPro MidCap400	0.74%	1.00%	0.76%	0.19%	0.49%	0.06%	0.08%	0.64%	0.32%	0.00%	0.03%	0.06%

Frequently Asked Questions

Can I hold both NAIL and UMDD in my portfolio?

NAIL and UMDD have a correlation of 0.70, 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 UMDD?

NAIL has higher volatility (26.93%) compared to UMDD (14.80%). In terms of maximum drawdown, NAIL dropped -93.75% vs UMDD's -86.24%.

Which ETF is better, NAIL or UMDD?

On 10-year performance, UMDD leads with 12.78% vs 6.16% for NAIL. On fees, UMDD is cheaper at 0.95% per year. On volatility, UMDD has been the lower-risk option at 14.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NAIL or UMDD?

Over the 10-year period, UMDD has performed better with a 12.78% return vs 6.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NAIL or UMDD?

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

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

NAIL has the higher dividend yield at 0.91%, compared with 0.74% for UMDD.

What is the main difference between NAIL and UMDD?

NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while UMDD tracks S&P MidCap 400 Index (300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.99% for NAIL and 0.95% for UMDD.

Which has better risk-adjusted returns?

UMDD currently has the higher Sharpe Ratio (1.40 vs -0.20), 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.