NAIL
Direxion Daily Homebuilders & Supplies Bull 3X Shares
NAIL provides 3x daily leveraged bullish exposure to an index composed of US companies within the home construction sector.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
538.5 M
ASSETS UNDER MGMT
98 bp
EXPENSES
Fund Basics
| Fund sponsor | Rafferty Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 19, 2015 |
| Assets (mns) | $576 |
| Expense ratio | 98 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -31.1% | -61.8% | -16.7% | 15.2% | 7.0% | -- | -- | 3.9% |
| Dividend Yield | 0.0% | 0.1% | 0.2% | 0.3% | 0.2% | -- | -- | 0.3% |
| Total Returns | -31.1% | -61.7% | -16.6% | 15.5% | 7.2% | -- | -- | 4.2% | Ann. Volatility | 94.0% | 87.5% | 84.4% | 85.9% | 88.5% | -- | -- | 90.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 4.20 | 47% |
| MSCI EAFE | 4.40 | 57% |
| MSCI Emg Mkts | 3.08 | 30% |
Liquidity Measures
| Avg. volume (000) | 1,237 |
| ADV traded (mns) | $94 |
| Turnover | 17.4% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| Recent close | $75.84 |
| 30d moving avg. | $64.69 |
| Annualized volatility | 94.4% |
| Relative strength (RSI) | 63 |
| Short interest | 10.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| NAIL (98 bp) Percentile rank | 94 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NAIL | 98.0 | 15.3 | 113.3 |
| Peer Avg. | 48.9 | 19.6 | 68.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .