NAIL vs. XHB
Compare and contrast key facts about Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) and SPDR S&P Homebuilders ETF (XHB).
NAIL and XHB 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. XHB is a passively managed fund by State Street that tracks the performance of the S&P Homebuilders Select Industry Index. It was launched on Jan 31, 2006. Both NAIL and XHB 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 XHB.
Key characteristics
| NAIL | XHB | |
|---|---|---|
| YTD Return | 20.06% | 12.53% |
| 1Y Return | 139.65% | 51.80% |
| 3Y Return (Ann) | 13.05% | 13.26% |
| 5Y Return (Ann) | 22.86% | 22.71% |
| Sharpe Ratio | 1.84 | 2.33 |
| Daily Std Dev | 75.54% | 22.76% |
| Max Drawdown | -93.75% | -81.61% |
| Current Drawdown | -13.16% | -3.69% |
Correlation
The correlation between NAIL and XHB is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NAIL vs. XHB - Performance Comparison
In the year-to-date period, NAIL achieves a 20.06% return, which is significantly higher than XHB's 12.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NAIL vs. XHB - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is higher than XHB's 0.35% expense ratio.
Risk-Adjusted Performance
NAIL vs. XHB - 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 Homebuilders ETF (XHB). 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. XHB - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 0.19%, less than XHB's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.19% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% |
XHB SPDR S&P Homebuilders ETF | 0.67% | 0.77% | 1.06% | 0.51% | 0.73% | 0.89% | 1.25% | 0.72% | 0.67% | 0.50% | 0.54% | 0.29% |
Drawdowns
NAIL vs. XHB - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, which is greater than XHB's maximum drawdown of -81.61%. Use the drawdown chart below to compare losses from any high point for NAIL and XHB. For additional features, visit the drawdowns tool.
Volatility
NAIL vs. XHB - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 19.19% compared to SPDR S&P Homebuilders ETF (XHB) at 5.31%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than XHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.