WEBL vs. NAIL

Last updated Jun 13, 2026

WEBL (Daily Dow Jones Internet Bull 3X Shares) and NAIL (Direxion Daily Homebuilders & Supplies Bull 3X Shares) are both Leveraged Equities funds from Direxion - WEBL tracks the Dow Jones Internet Composite Index (300%) while NAIL tracks the Dow Jones U.S. Select Home Construction Index (300%). Both are passively managed. Over the past 5 years, WEBL returned -21.02%/yr vs -9.97%/yr for NAIL. At a 0.48 correlation, their price movements are largely independent. WEBL charges 1.17%/yr vs 0.99%/yr for NAIL.

Performance

WEBL vs. NAIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bull 3X Shares (WEBL) 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, WEBL achieves a -14.87% return, which is significantly lower than NAIL's -13.15% return.

WEBL

• 1D: -0.89%
• 1M: -2.18%
• YTD: -14.87%
• 6M: -15.88%
• 1Y: -12.75%
• 3Y*: 27.57%
• 5Y*: -21.02%
• 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%

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

WEBL vs. NAIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WEBL Daily Dow Jones Internet Bull 3X Shares	-14.87%	2.37%	76.78%	165.50%	-91.04%	2.73%	132.56%	10.36%
NAIL Direxion Daily Homebuilders & Supplies Bull 3X Shares	-13.15%	-40.43%	-22.83%	259.61%	-75.23%	168.20%	-32.08%	-2.54%

Correlation

The correlation between WEBL and NAIL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.48

Over the past year, the correlation between WEBL and NAIL has dropped to 0.18 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

WEBL vs. NAIL - Sectors Allocation Comparison

Sectors	WEBL	NAIL
Technology	37.7%	-
Communication Services	29.7%	-
Consumer Cyclical	27.7%	71.8%
Financial Services	2.4%	-
Industrials	1.4%	19.1%
Healthcare	1.1%	-
Basic Materials	-	8.6%
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	0.5%
Utilities	-	-

Return for Risk

WEBL vs. NAIL — Risk / Return Rank

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

WEBL

WEBL Risk / Return Rank: 8
WEBL Sharpe Ratio Rank: 7
WEBL Sortino Ratio Rank: 9
WEBL Omega Ratio Rank: 9
WEBL Calmar Ratio Rank: 8
WEBL Martin Ratio Rank: 7

NAIL

NAIL Risk / Return Rank: 9
NAIL Sharpe Ratio Rank: 7
NAIL Sortino Ratio Rank: 11
NAIL Omega Ratio Rank: 11
NAIL Calmar Ratio Rank: 7
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.

WEBL vs. NAIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) 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.

	WEBL	NAIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	-0.20	-0.02
Sortino ratio: Return per unit of downside risk	0.07	0.35	-0.27
Omega ratio: Gain probability vs. loss probability	1.01	1.04	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.23	-0.26	+0.03
Martin ratio: Return relative to average drawdown	-0.48	-0.45	-0.03

WEBL vs. NAIL - Sharpe Ratio Comparison

The current WEBL Sharpe Ratio is -0.22, which is comparable to the NAIL Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of WEBL 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

WEBL vs. NAIL - Drawdown Comparison

The maximum WEBL drawdown since its inception was -94.44%, roughly equal to the maximum NAIL drawdown of -93.75%. Use the drawdown chart below to compare losses from any high point for WEBL and NAIL.

Drawdown Indicators

	WEBL	NAIL	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-93.75%	-0.69%
Max Drawdown (1Y) Largest decline over 1 year	-56.57%	-67.85%	+11.28%
Max Drawdown (3Y) Largest decline over 3 years	-60.82%	-82.09%	+21.27%
Max Drawdown (5Y) Largest decline over 5 years	-94.44%	-84.40%	-10.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-93.75%	—
Current Drawdown Current decline from peak	-74.94%	-75.18%	+0.24%
Average Drawdown Average peak-to-trough decline	-58.90%	-43.87%	-15.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.44%	39.36%	-12.92%

Volatility

WEBL vs. NAIL - Volatility Comparison

The current volatility for Daily Dow Jones Internet Bull 3X Shares (WEBL) is 19.12%, while Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) has a volatility of 26.93%. This indicates that WEBL 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

	WEBL	NAIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.12%	26.93%	-7.81%
Volatility (6M) Calculated over the trailing 6-month period	45.07%	61.98%	-16.91%
Volatility (1Y) Calculated over the trailing 1-year period	57.70%	88.92%	-31.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.76%	87.27%	-6.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.82%	89.35%	-6.53%

WEBL vs. NAIL - Expense Ratio Comparison

WEBL has a 1.17% expense ratio, which is higher than NAIL's 0.99% expense ratio.

Dividends

WEBL vs. NAIL - Dividend Comparison

WEBL's dividend yield for the trailing twelve months is around 0.23%, less 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%
WEBL Daily Dow Jones Internet Bull 3X Shares	0.23%	0.25%	0.00%	0.00%	0.00%	4.79%	0.00%	0.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEBL and NAIL in my portfolio?

WEBL and NAIL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEBL or NAIL?

NAIL has higher volatility (26.93%) compared to WEBL (19.12%). In terms of maximum drawdown, WEBL dropped -94.44% vs NAIL's -93.75%.

Which ETF is better, WEBL or NAIL?

On 5-year performance, NAIL leads with -9.97% vs -21.02% for WEBL. On fees, NAIL is cheaper at 0.99% per year. On volatility, WEBL has been the lower-risk option at 19.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEBL or NAIL?

Over the 5-year period, NAIL has performed better with a -9.97% return vs -21.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEBL or NAIL?

NAIL is cheaper with a 0.99% expense ratio, compared with 1.17% for WEBL.

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

NAIL has the higher dividend yield at 0.91%, compared with 0.23% for WEBL.

What is the main difference between WEBL and NAIL?

WEBL tracks Dow Jones Internet Composite Index (300%), while NAIL tracks Dow Jones U.S. Select Home Construction Index (300%). Their fees differ too: 1.17% for WEBL and 0.99% for NAIL.

Which has better risk-adjusted returns?

NAIL currently has the higher Sharpe Ratio (-0.20 vs -0.22), 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.