TQQQ vs. NAIL

Last updated Jul 22, 2026

TQQQ (ProShares UltraPro QQQ) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both Leveraged Equities funds - TQQQ tracks the NASDAQ-100 Index (300%) while NAIL tracks the Dow Jones U.S. Select Home Construction Index (300%). Both are passively managed. Over the past 10 years, TQQQ returned 41.33%/yr vs 2.20%/yr for NAIL. At a 0.47 correlation, their price movements are largely independent. TQQQ charges 0.95%/yr vs 0.99%/yr for NAIL.

Performance

TQQQ vs. NAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro QQQ (TQQQ) 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, TQQQ achieves a 35.91% return, which is significantly higher than NAIL's -22.74% return. Over the past 10 years, TQQQ has outperformed NAIL with an annualized return of 41.33%, while NAIL has yielded a comparatively lower 2.20% annualized return.

TQQQ

• 1D: 5.50%
• 1M: -13.68%
• 6M: 41.24%
• YTD: 35.91%
• 1Y: 63.13%
• 3Y*: 51.24%
• 5Y*: 17.78%
• 10Y*: 41.33%
• ALL TIME*: 43.27%

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)

TQQQ vs. NAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TQQQ ProShares UltraPro QQQ	35.91%	34.35%	58.27%	198.04%	-79.09%	82.98%	110.05%	133.84%	-19.79%	118.06%
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 TQQQ 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	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.47

Over the past year, the correlation between TQQQ and NAIL has dropped to 0.26 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

TQQQ vs. NAIL - Sectors Allocation Comparison

Sectors	TQQQ	NAIL
Technology	53.8%	-
Communication Services	15.8%	-
Consumer Cyclical	12.3%	71.9%
Consumer Defensive	7.7%	-
Healthcare	4.2%	-
Industrials	2.8%	19.0%
Utilities	1.4%	-
Basic Materials	1.1%	8.4%
Energy	0.6%	-
Financial Services	0.2%	-
Real Estate	0.1%	0.7%

Return for Risk

TQQQ vs. NAIL — Risk / Return Rank

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

TQQQ

TQQQ Risk / Return Rank: 43
TQQQ Sharpe Ratio Rank: 43
TQQQ Sortino Ratio Rank: 42
TQQQ Omega Ratio Rank: 43
TQQQ Calmar Ratio Rank: 45
TQQQ Martin Ratio Rank: 43

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.

TQQQ vs. NAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) 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.

	TQQQ	NAIL	Difference
Sharpe ratio: Return per unit of total volatility	1.13	-0.33	+1.47
Sortino ratio: Return per unit of downside risk	1.65	0.07	+1.59
Omega ratio: Gain probability vs. loss probability	1.21	1.01	+0.20
Calmar ratio: Return relative to maximum drawdown	1.72	-0.44	+2.16
Martin ratio: Return relative to average drawdown	5.13	-0.70	+5.82

TQQQ vs. NAIL - Sharpe Ratio Comparison

The current TQQQ Sharpe Ratio is 1.13, which is higher than the NAIL Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of TQQQ 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

TQQQ vs. NAIL - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, smaller than the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for TQQQ and NAIL.

Drawdown Indicators

	TQQQ	NAIL	Difference
Max Drawdown Largest peak-to-trough decline	-81.66%	-93.75%	+12.09%
Max Drawdown (1Y) Largest decline over 1 year	-36.97%	-67.85%	+30.88%
Max Drawdown (3Y) Largest decline over 3 years	-58.04%	-82.09%	+24.05%
Max Drawdown (5Y) Largest decline over 5 years	-81.66%	-84.40%	+2.74%
Max Drawdown (10Y) Largest decline over 10 years	-81.66%	-93.75%	+12.09%
Current Drawdown Current decline from peak	-17.98%	-77.92%	+59.94%
Average Drawdown Average peak-to-trough decline	-18.48%	-44.14%	+25.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.36%	42.73%	-30.37%

Volatility

TQQQ vs. NAIL - Volatility Comparison

The current volatility for ProShares UltraPro QQQ (TQQQ) is 21.55%, while Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a volatility of 28.81%. This indicates that TQQQ 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.

Volatility by Period

	TQQQ	NAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.55%	28.81%	-7.26%
Volatility (6M) Calculated over the trailing 6-month period	46.54%	64.42%	-17.88%
Volatility (1Y) Calculated over the trailing 1-year period	55.95%	89.85%	-33.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.83%	88.02%	-20.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.46%	89.71%	-23.25%

TQQQ vs. NAIL - Expense Ratio Comparison

TQQQ has a 0.95% expense ratio, which is lower than NAIL's 0.99% expense ratio.

Dividends

TQQQ vs. NAIL - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 0.53%, less than NAIL's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
TQQQ ProShares UltraPro QQQ	0.53%	0.65%	1.27%	1.26%	0.57%	0.00%	0.00%	0.06%	0.11%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both TQQQ and NAIL in my portfolio?

TQQQ 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, TQQQ or NAIL?

NAIL has higher volatility (28.81%) compared to TQQQ (21.55%). In terms of maximum drawdown, TQQQ dropped -81.66% vs NAIL's -93.75%.

Which ETF is better, TQQQ or NAIL?

On 10-year performance, TQQQ leads with 41.33% vs 2.20% for NAIL. On fees, TQQQ is cheaper at 0.95% per year. On volatility, TQQQ has been the lower-risk option at 21.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TQQQ or NAIL?

Over the 10-year period, TQQQ has performed better with a 41.33% return vs 2.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TQQQ or NAIL?

TQQQ is cheaper with a 0.95% expense ratio, compared with 0.99% for NAIL.

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

NAIL has the higher dividend yield at 0.81%, compared with 0.53% for TQQQ.

What is the main difference between TQQQ and NAIL?

TQQQ tracks NASDAQ-100 Index (300%), while NAIL tracks Dow Jones U.S. Select Home Construction Index (300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for TQQQ and 0.99% for NAIL.

Which has better risk-adjusted returns?

TQQQ currently has the higher Sharpe Ratio (1.13 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.