NAIL vs. YCS
NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%), while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, NAIL returned 3.17%/yr vs 13.13%/yr for YCS. At a correlation of -0.01, they often move in opposite directions. NAIL charges 0.99%/yr vs 1.00%/yr for YCS.
Performance
NAIL vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, NAIL achieves a -14.81% return, which is significantly lower than YCS's 10.29% return. Over the past 10 years, NAIL has underperformed YCS with an annualized return of 3.17%, while YCS has yielded a comparatively higher 13.13% annualized return.
NAIL
- 1D
- 2.66%
- 1M
- -1.91%
- 6M
- -36.49%
- YTD
- -14.81%
- 1Y
- -31.98%
- 3Y*
- -16.59%
- 5Y*
- -10.52%
- 10Y*
- 3.17%
YCS
- 1D
- -0.78%
- 1M
- 2.50%
- 6M
- 8.31%
- YTD
- 10.29%
- 1Y
- 29.06%
- 3Y*
- 20.30%
- 5Y*
- 24.01%
- 10Y*
- 13.13%
NAIL vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -14.81% | -40.43% | -22.83% | 259.61% | -75.23% | 168.20% | -32.08% | 184.63% | -73.96% | 268.71% |
YCS ProShares UltraShort Yen | 10.29% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between NAIL and YCS is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | -0.01 |
Over the past year, the inverse relationship between NAIL and YCS has strengthened: their correlation has moved from -0.01 to -0.28, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
NAIL vs. YCS — Risk / Return Rank
NAIL
YCS
NAIL vs. YCS - 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 UltraShort Yen (YCS). 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 | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.35 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 3.76 | -4.28 |
| Martin ratioReturn relative to average drawdown | -0.84 | 11.88 | -12.72 |
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Drawdowns
NAIL vs. YCS - Drawdown Comparison
The maximum NAIL drawdown since its inception was -93.75%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for NAIL and YCS.
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Drawdown Indicators
| NAIL | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.75% | -49.56% | -44.19% |
Max Drawdown (1Y)Largest decline over 1 year | -67.85% | -8.30% | -59.55% |
Max Drawdown (3Y)Largest decline over 3 years | -82.09% | -23.05% | -59.04% |
Max Drawdown (5Y)Largest decline over 5 years | -84.40% | -27.32% | -57.08% |
Max Drawdown (10Y)Largest decline over 10 years | -93.75% | -27.32% | -66.43% |
Current DrawdownCurrent decline from peak | -75.66% | -1.01% | -74.65% |
Average DrawdownAverage peak-to-trough decline | -44.06% | -19.82% | -24.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.70% | 2.62% | +39.08% |
Volatility
NAIL vs. YCS - Volatility Comparison
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a higher volatility of 32.41% compared to ProShares UltraShort Yen (YCS) at 3.05%. This indicates that NAIL's price experiences larger fluctuations and is considered to be riskier than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAIL | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.41% | 3.05% | +29.36% |
Volatility (6M)Calculated over the trailing 6-month period | 66.77% | 11.94% | +54.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.81% | 16.66% | +73.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.93% | 21.09% | +66.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.58% | 18.75% | +70.83% |
NAIL vs. YCS - Expense Ratio Comparison
NAIL has a 0.99% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
NAIL vs. YCS - Dividend Comparison
NAIL's dividend yield for the trailing twelve months is around 0.73%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.73% | 1.55% | 0.63% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% |
YCS ProShares UltraShort Yen | 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 YCS have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAIL has higher volatility (32.41%) compared to YCS (3.05%). In terms of maximum drawdown, NAIL dropped -93.75% vs YCS's -49.56%.
On 10-year performance, YCS leads with 13.13% vs 3.17% for NAIL. On fees, NAIL is cheaper at 0.99% per year. On volatility, YCS has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, YCS has performed better with a 13.13% return vs 3.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NAIL is cheaper with a 0.99% expense ratio, compared with 1.00% for YCS.
NAIL has the higher dividend yield at 0.73%, compared with 0.00% for YCS.
NAIL is categorized as Leveraged Equities, while YCS is Leveraged Currency. NAIL tracks Dow Jones U.S. Select Home Construction Index (300%), while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.99% for NAIL and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.87 vs -0.39), 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.
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