TYD vs. NAIL
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond 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 10 years, TYD returned -5.12%/yr vs 6.16%/yr for NAIL. At a 0.10 correlation, their price movements are largely independent. TYD charges 1.09%/yr vs 0.99%/yr for NAIL.
Performance
TYD vs. NAIL - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -5.80% return, which is significantly higher than NAIL's -13.15% return. Over the past 10 years, TYD has underperformed NAIL with an annualized return of -5.12%, while NAIL has yielded a comparatively higher 6.16% annualized return.
TYD
- 1D
- -0.33%
- 1M
- 2.41%
- YTD
- -5.80%
- 6M
- -5.59%
- 1Y
- 0.17%
- 3Y*
- -3.95%
- 5Y*
- -13.19%
- 10Y*
- -5.12%
NAIL
- 1D
- -2.18%
- 1M
- 37.22%
- YTD
- -13.15%
- 6M
- -27.97%
- 1Y
- -9.68%
- 3Y*
- -11.92%
- 5Y*
- -9.97%
- 10Y*
- 6.16%
TYD vs. NAIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -5.80% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares | -13.15% | -40.43% | -22.83% | 259.61% | -75.23% | 168.20% | -32.08% | 184.63% | -73.96% | 268.71% |
Correlation
The correlation between TYD and NAIL is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015 | 0.10 |
Over the past year, TYD and NAIL have become more correlated (0.45) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
TYD vs. NAIL — Risk / Return Rank
TYD
NAIL
TYD vs. NAIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) 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.
| TYD | NAIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.04 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | -0.26 | +0.18 |
| Martin ratioReturn relative to average drawdown | -0.20 | -0.45 | +0.25 |
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Drawdowns
TYD vs. NAIL - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for TYD and NAIL.
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Drawdown Indicators
| TYD | NAIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -93.75% | +29.47% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -67.85% | +54.31% |
Max Drawdown (3Y)Largest decline over 3 years | -24.62% | -82.09% | +57.47% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -84.40% | +24.56% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -93.75% | +29.47% |
Current DrawdownCurrent decline from peak | -59.06% | -75.18% | +16.12% |
Average DrawdownAverage peak-to-trough decline | -22.00% | -43.87% | +21.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 39.36% | -34.06% |
Volatility
TYD vs. NAIL - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.49%, while Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a volatility of 26.93%. This indicates that TYD 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
| TYD | NAIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 26.93% | -22.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 61.98% | -52.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 88.92% | -75.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.97% | 87.27% | -64.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 89.35% | -68.99% |
TYD vs. NAIL - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than NAIL's 0.99% expense ratio.
Dividends
TYD vs. NAIL - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.22%, more than NAIL's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.22% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Frequently Asked Questions
TYD and NAIL have a correlation of 0.45, 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 TYD (4.49%). In terms of maximum drawdown, TYD dropped -64.28% vs NAIL's -93.75%.
On 10-year performance, NAIL leads with 6.16% vs -5.12% for TYD. On fees, NAIL is cheaper at 0.99% per year. On volatility, TYD has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NAIL has performed better with a 6.16% return vs -5.12%. 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 1.09% for TYD.
TYD has the higher dividend yield at 3.22%, compared with 0.91% for NAIL.
TYD is categorized as Leveraged Bonds, while NAIL is Leveraged Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while NAIL tracks Dow Jones U.S. Select Home Construction Index (300%). Their fees differ too: 1.09% for TYD and 0.99% for NAIL.
TYD currently has the higher Sharpe Ratio (-0.08 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.
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