SOXL vs. NAIL

Last updated Jul 22, 2026

SOXL (Direxion Daily Semiconductor Bull 3X ETF) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both Leveraged Equities funds from Direxion - SOXL tracks the ICE Semiconductor Index while NAIL tracks the Dow Jones U.S. Select Home Construction Index (300%). Both are passively managed. Over the past 10 years, SOXL returned 54.29%/yr vs 2.20%/yr for NAIL. At a 0.46 correlation, their price movements are largely independent. SOXL charges 0.75%/yr vs 0.99%/yr for NAIL.

Performance

SOXL vs. NAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductor Bull 3X ETF (SOXL) and Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOXL achieves a 277.21% return, which is significantly higher than NAIL's -22.74% return. Over the past 10 years, SOXL has outperformed NAIL with an annualized return of 54.29%, while NAIL has yielded a comparatively lower 2.20% annualized return.

SOXL

• 1D: 15.88%
• 1M: -43.23%
• 6M: 173.63%
• YTD: 277.21%
• 1Y: 476.68%
• 3Y*: 86.45%
• 5Y*: 32.02%
• 10Y*: 54.29%
• ALL TIME*: 40.84%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SOXL vs. NAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOXL Direxion Daily Semiconductor Bull 3X ETF	277.21%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	-22.74%	-40.43%	-22.83%	259.61%	-75.23%	168.20%	-32.08%	184.63%	-73.96%	268.71%

Correlation

The correlation between SOXL and NAIL is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.46

Over the past year, the correlation between SOXL and NAIL has dropped to 0.26 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

SOXL vs. NAIL - Sectors Allocation Comparison

Sectors	SOXL	NAIL
Technology	100.0%	-
Basic Materials	-	8.4%
Communication Services	-	-
Consumer Cyclical	-	71.9%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	19.0%
Real Estate	-	0.7%
Utilities	-	-

Return for Risk

SOXL vs. NAIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SOXL

SOXL Risk / Return Rank: 93
SOXL Sharpe Ratio Rank: 98
SOXL Sortino Ratio Rank: 87
SOXL Omega Ratio Rank: 88
SOXL Calmar Ratio Rank: 97
SOXL Martin Ratio Rank: 96

NAIL

NAIL Risk / Return Rank: 8
NAIL Sharpe Ratio Rank: 7
NAIL Sortino Ratio Rank: 10
NAIL Omega Ratio Rank: 9
NAIL Calmar Ratio Rank: 6
NAIL Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SOXL vs. NAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) 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.

	SOXL	NAIL	Difference
Sharpe ratio: Return per unit of total volatility	3.82	-0.33	+4.15
Sortino ratio: Return per unit of downside risk	3.00	0.07	+2.94
Omega ratio: Gain probability vs. loss probability	1.41	1.01	+0.40
Calmar ratio: Return relative to maximum drawdown	8.75	-0.44	+9.19
Martin ratio: Return relative to average drawdown	27.85	-0.70	+28.55

SOXL vs. NAIL - Sharpe Ratio Comparison

The current SOXL Sharpe Ratio is 3.82, which is higher than the NAIL Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of SOXL and NAIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOXL vs. NAIL - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, roughly equal to the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for SOXL and NAIL.

Drawdown Indicators

	SOXL	NAIL	Difference
Max Drawdown Largest peak-to-trough decline	-90.46%	-93.75%	+3.29%
Max Drawdown (1Y) Largest decline over 1 year	-54.96%	-67.85%	+12.89%
Max Drawdown (3Y) Largest decline over 3 years	-87.88%	-82.09%	-5.79%
Max Drawdown (5Y) Largest decline over 5 years	-90.46%	-84.40%	-6.06%
Max Drawdown (10Y) Largest decline over 10 years	-90.46%	-93.75%	+3.29%
Current Drawdown Current decline from peak	-47.29%	-77.92%	+30.63%
Average Drawdown Average peak-to-trough decline	-34.96%	-44.14%	+9.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.24%	42.73%	-25.49%

Volatility

SOXL vs. NAIL - Volatility Comparison

Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 57.31% compared to Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) at 28.81%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier than NAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOXL	NAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	57.31%	28.81%	+28.50%
Volatility (6M) Calculated over the trailing 6-month period	110.53%	64.42%	+46.11%
Volatility (1Y) Calculated over the trailing 1-year period	125.92%	89.85%	+36.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	112.17%	88.02%	+24.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.58%	89.71%	+11.87%

SOXL vs. NAIL - Expense Ratio Comparison

SOXL has a 0.75% expense ratio, which is lower than NAIL's 0.99% expense ratio.

Dividends

SOXL vs. NAIL - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.01%, less than NAIL's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%	0.00%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.01%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both SOXL and NAIL in my portfolio?

SOXL and NAIL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOXL or NAIL?

SOXL has higher volatility (57.31%) compared to NAIL (28.81%). In terms of maximum drawdown, SOXL dropped -90.46% vs NAIL's -93.75%.

Which ETF is better, SOXL or NAIL?

On 10-year performance, SOXL leads with 54.29% vs 2.20% for NAIL. On fees, SOXL is cheaper at 0.75% per year. On volatility, NAIL has been the lower-risk option at 28.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SOXL or NAIL?

Over the 10-year period, SOXL has performed better with a 54.29% return vs 2.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOXL or NAIL?

SOXL is cheaper with a 0.75% expense ratio, compared with 0.99% for NAIL.

Which ETF pays a higher dividend yield, SOXL or NAIL?

NAIL has the higher dividend yield at 0.81%, compared with 0.01% for SOXL.

What is the main difference between SOXL and NAIL?

SOXL tracks ICE Semiconductor Index, while NAIL tracks Dow Jones U.S. Select Home Construction Index (300%). Their fees differ too: 0.75% for SOXL and 0.99% for NAIL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (3.82 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.