SGOV vs. NAIL
SGOV (iShares 0-3 Month Treasury Bond ETF) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both exchange-traded funds - SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while NAIL is a Leveraged Equities fund tracking the Dow Jones U.S. Select Home Construction Index (300%). Both are passively managed. Over the past 5 years, SGOV returned 3.56%/yr vs -9.97%/yr for NAIL. At a correlation of -0.00, they often move in opposite directions. SGOV charges 0.09%/yr vs 0.99%/yr for NAIL.
Performance
SGOV vs. NAIL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SGOV achieves a 1.61% return, which is significantly higher than NAIL's -13.15% return.
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 1.61%
- 6M
- 1.78%
- 1Y
- 3.95%
- 3Y*
- 4.71%
- 5Y*
- 3.56%
- 10Y*
- —
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%
SGOV vs. NAIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 1.61% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -13.15% | -40.43% | -22.83% | 259.61% | -75.23% | 168.20% | 48.19% |
Correlation
The correlation between SGOV and NAIL is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.00 |
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
SGOV vs. NAIL — Risk / Return Rank
SGOV
NAIL
SGOV vs. NAIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) 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.
| SGOV | NAIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +20.48 | ||
| Sortino ratioReturn per unit of downside risk | +275.34 | ||
| Omega ratioGain probability vs. loss probability | 195.55 | 1.04 | +194.51 |
| Calmar ratioReturn relative to maximum drawdown | 398.20 | -0.26 | +398.46 |
| Martin ratioReturn relative to average drawdown | 4,461.98 | -0.45 | +4,462.43 |
Loading charts...
Drawdowns
SGOV vs. NAIL - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for SGOV and NAIL.
Loading charts...
Drawdown Indicators
| SGOV | NAIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -93.75% | +93.72% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -67.85% | +67.84% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -82.09% | +82.08% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -84.40% | +84.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.75% | — |
Current DrawdownCurrent decline from peak | 0.00% | -75.18% | +75.18% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -43.87% | +43.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 39.36% | -39.36% |
Volatility
SGOV vs. NAIL - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a volatility of 26.93%. This indicates that SGOV 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.
Loading charts...
Volatility by Period
| SGOV | NAIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 26.93% | -26.88% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 61.98% | -61.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 88.92% | -88.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 87.27% | -87.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 89.35% | -89.11% |
SGOV vs. NAIL - Expense Ratio Comparison
SGOV has a 0.09% expense ratio, which is lower than NAIL's 0.99% expense ratio.
Dividends
SGOV vs. NAIL - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.85%, more than NAIL's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGOV and NAIL have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAIL has higher volatility (26.93%) compared to SGOV (0.05%). In terms of maximum drawdown, SGOV dropped -0.03% vs NAIL's -93.75%.
On 5-year performance, SGOV leads with 3.56% vs -9.97% for NAIL. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOV has performed better with a 3.56% return vs -9.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.99% for NAIL.
SGOV has the higher dividend yield at 3.85%, compared with 0.91% for NAIL.
SGOV is categorized as Ultrashort Bond, while NAIL is Leveraged Equities. SGOV tracks ICE 0-3 Month US Treasury Securities Index, while NAIL tracks Dow Jones U.S. Select Home Construction Index (300%). They also come from different issuers: iShares and Direxion. Their fees differ too: 0.09% for SGOV and 0.99% for NAIL.
SGOV currently has the higher Sharpe Ratio (20.28 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.
Find the right allocation for SGOV and NAIL
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