OILU vs. NAIL
OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both exchange-traded funds - OILU is a Leveraged Commodities fund managed by BMO, while NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%). Over the past 3 years, OILU returned 2.53%/yr vs -20.75%/yr for NAIL. At a 0.20 correlation, their price movements are largely independent. OILU charges 0.95%/yr vs 0.99%/yr for NAIL.
Performance
OILU vs. NAIL - Performance Comparison
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Returns By Period
In the year-to-date period, OILU achieves a 84.54% return, which is significantly higher than NAIL's -22.74% return.
OILU
- 1D
- 2.86%
- 1M
- 27.28%
- 6M
- 58.40%
- YTD
- 84.54%
- 1Y
- 100.47%
- 3Y*
- 2.53%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.00%
NAIL
- 1D
- -1.60%
- 1M
- -16.35%
- 6M
- -39.64%
- YTD
- -22.74%
- 1Y
- -29.80%
- 3Y*
- -20.75%
- 5Y*
- -12.02%
- 10Y*
- 2.20%
- ALL TIME*
- 0.03%
OILU vs. NAIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 84.54% | -16.50% | -21.65% | -32.50% | 151.08% | -16.79% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -22.74% | -40.43% | -22.83% | 259.61% | -75.23% | 34.40% |
Correlation
The correlation between OILU and NAIL is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.20 |
The correlation between OILU and NAIL shifts across timeframes, from -0.10 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILU vs. NAIL — Risk / Return Rank
OILU
NAIL
OILU vs. NAIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL). 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.
| OILU | NAIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.01 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | -0.44 | +2.61 |
| Martin ratioReturn relative to average drawdown | 5.47 | -0.70 | +6.16 |
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Drawdowns
OILU vs. NAIL - Drawdown Comparison
The maximum OILU drawdown since its inception was -81.00%, smaller than the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for OILU and NAIL.
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Drawdown Indicators
| OILU | NAIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.00% | -93.75% | +12.75% |
Max Drawdown (1Y)Largest decline over 1 year | -46.49% | -67.85% | +21.36% |
Max Drawdown (3Y)Largest decline over 3 years | -69.09% | -82.09% | +13.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.75% | — |
Current DrawdownCurrent decline from peak | -50.37% | -77.92% | +27.55% |
Average DrawdownAverage peak-to-trough decline | -50.70% | -44.14% | -6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.45% | 42.73% | -24.28% |
Volatility
OILU vs. NAIL - Volatility Comparison
The current volatility for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) is 17.88%, while Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a volatility of 28.81%. This indicates that OILU experiences smaller price fluctuations and is considered to be less risky than NAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILU | NAIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.88% | 28.81% | -10.93% |
Volatility (6M)Calculated over the trailing 6-month period | 51.06% | 64.42% | -13.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.84% | 89.85% | -26.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.86% | 88.02% | -7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.86% | 89.71% | -8.85% |
OILU vs. NAIL - Expense Ratio Comparison
OILU has a 0.95% expense ratio, which is lower than NAIL's 0.99% expense ratio.
Dividends
OILU vs. NAIL - Dividend Comparison
OILU has not paid dividends to shareholders, while NAIL's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | 0.81% | 1.55% | 0.63% | 0.22% | 0.00% | 0.00% | 0.01% | 0.17% | 0.35% | 1.25% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OILU and NAIL have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAIL has higher volatility (28.81%) compared to OILU (17.88%). In terms of maximum drawdown, OILU dropped -81.00% vs NAIL's -93.75%.
On 3-year performance, OILU leads with 2.53% vs -20.75% for NAIL. On fees, OILU is cheaper at 0.95% per year. On volatility, OILU has been the lower-risk option at 17.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OILU has performed better with a 2.53% return vs -20.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILU is cheaper with a 0.95% expense ratio, compared with 0.99% for NAIL.
NAIL has the higher dividend yield at 0.81%, compared with 0.00% for OILU.
OILU is categorized as Leveraged Commodities, while NAIL is Leveraged Equities. They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for OILU and 0.99% for NAIL.
OILU currently has the higher Sharpe Ratio (1.59 vs -0.33), 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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