NAIL vs. USO
NAIL (Direxion Daily Homebuilders & Supplies Bull 3X ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - NAIL is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction Index, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. Both are passively managed. Over the past 10 years, NAIL returned 2.80%/yr vs 5.64%/yr for USO. Their 0.08 correlation means their historical movements had little consistent relationship. NAIL charges 0.96%/yr vs 0.86%/yr for USO.
Performance
NAIL vs. USO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NAIL achieves a -25.11% return, which is significantly lower than USO's 86.77% return. Over the past 10 years, NAIL has underperformed USO with an annualized return of 2.80%, while USO has yielded a comparatively higher 5.64% annualized return.
NAIL
- 1D
- -3.77%
- 1M
- -24.78%
- 6M
- -35.02%
- YTD
- -25.11%
- 1Y
- -40.69%
- 3Y*
- -23.69%
- 5Y*
- -14.77%
- 10Y*
- 2.80%
- ALL TIME*
- -0.25%
USO
- 1D
- 1.33%
- 1M
- 24.23%
- 6M
- 62.44%
- YTD
- 86.77%
- 1Y
- 66.76%
- 3Y*
- 20.97%
- 5Y*
- 20.59%
- 10Y*
- 5.64%
- ALL TIME*
- -6.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $44.87M | $43.82M | $62.70M | |
| $968.42M | $871.56M | $931.57M |
NAIL vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X ETF | -25.11% | -40.43% | -22.83% | 259.61% | -75.23% | 168.20% | -32.08% | 184.63% | -73.96% | 268.71% |
USO United States Oil Fund LP | 86.77% | -8.46% | 13.35% | -4.94% | 28.97% | 64.68% | -67.79% | 32.61% | -19.57% | 2.47% |
Correlation
The correlation between NAIL and USO is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.34 |
Correlation (3Y) Balances recent behavior with more history. | -0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.03 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | 0.08 |
The correlation between NAIL and USO shifts across timeframes, from -0.34 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NAIL vs. USO — Risk / Return Rank
NAIL
USO
NAIL vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) and United States Oil Fund LP (USO). 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 | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.25 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 1.93 | -2.46 |
| Martin ratioReturn relative to average drawdown | -0.82 | 5.60 | -6.41 |
Loading charts...
Drawdowns
NAIL vs. USO - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, roughly equal to the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for NAIL and USO.
Loading charts...
Drawdown Indicators
| NAIL | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -98.19% | +4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -67.85% | -32.49% | -35.36% |
Max Drawdown (3Y)Largest decline over 3 years | -82.09% | -32.49% | -49.60% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | -36.23% | -48.17% |
Max Drawdown (10Y)Largest decline over 10 years | -93.75% | -86.75% | -7.00% |
Current DrawdownCurrent decline from peak | -78.60% | -86.26% | +7.66% |
Average DrawdownAverage peak-to-trough decline | -44.24% | -75.38% | +31.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.97% | 12.03% | +31.94% |
Volatility
NAIL vs. USO - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) has a higher volatility of 26.41% compared to United States Oil Fund LP (USO) at 17.73%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NAIL | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.41% | 17.73% | +8.68% |
Volatility (6M)Calculated over the trailing 6-month period | 65.39% | 42.79% | +22.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.99% | 46.91% | +41.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.09% | 37.06% | +51.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.81% | 39.29% | +50.52% |
NAIL vs. USO - Expense Ratio Comparison
NAIL has a 0.96% expense ratio, which is higher than USO's 0.86% expense ratio.
Dividends
NAIL vs. USO - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 0.83%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X ETF | 0.83% | 1.55% | 0.63% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NAIL and USO have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAIL has higher volatility (26.41%) compared to USO (17.73%). In terms of maximum drawdown, NAIL dropped -93.75% vs USO's -98.19%.
On 10-year performance, USO leads with 5.64% vs 2.80% for NAIL. On fees, USO is cheaper at 0.86% per year. On volatility, USO has been the lower-risk option at 17.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USO has performed better with a 5.64% return vs 2.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USO is cheaper with a 0.86% expense ratio, compared with 0.96% for NAIL.
NAIL has the higher dividend yield at 0.83%, compared with 0.00% for USO.
NAIL is categorized as Building & Construction, while USO is Oil & Gas. NAIL tracks Dow Jones U.S. Select Home Construction Index, while USO tracks Front Month Light Sweet Crude Oil. They also come from different issuers: Direxion and USCF. Their fees differ too: 0.96% for NAIL and 0.86% for USO.
USO currently has the higher Sharpe Ratio (1.34 vs -0.41), 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.
Find the right allocation for NAIL and USO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer