# NAIL (Direxion Daily Homebuilders & Supplies Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: NAIL returned −29.1% where its own daily promise gave −27.6%, 1.6 points short.

## Key facts

- NAIL, what XHB did: −8.3%, as of Sep 11, 2026.
- NAIL, what +3 times a day gives: −27.6%, as of Sep 11, 2026.
- NAIL, what the fund returned: −29.1%, as of Sep 11, 2026.
- NAIL, the fund itself cost: −1.6 pts, as of Sep 11, 2026.
- NAIL, net assets: $563m (source, as filed for Apr 30, 2026).
- NAIL, expense ratio: 0.96% (485BPOS XBRL, Feb 26, 2026).

## NAIL over each window to Sep 11, 2026

| Window | Fund | XHB | +3x the move | Difference | XHB moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −26.1% | −9.1% | −27.4% | +1.3 pts | 22% |
| 3 months | −29.1% | −8.3% | −25.1% | −4.1 pts | 29% |
| 6 months | −26.9% | −1.8% | −5.3% | −21.6 pts | 31% |
| 1 year | −67.1% | −16.6% | −49.8% | −17.4 pts | 28% |
| 3 years | −53.3% | +24.7% | +74.0% | −127.3 pts | 27% |
| Since launch | −20.1% | +176.0% | not meaningful over this window | not meaningful over this window | 27% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of XHB, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +3.49 times, against +3 stated | ETFIQ |
| Underlying | XHB | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $563m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.96% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Aug 19, 2015 | ETFIQ |
| Underlying volatility over the window | 29% annualized | ETFIQ |

## Questions

### Did NAIL return +3 times XHB?

Over the window to Sep 11, 2026, XHB moved −8.3% and NAIL returned −29.1%. 3 times that move is −25.1%, so the fund came out 4.1 points short of it.

### Why does NAIL not return +3 times over a year?

Because it resets daily. NAIL aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, NAIL, data as of Sep 11, 2026. https://etfiq.com/funds/NAIL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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