{
 "ticker": "NAIL",
 "name": "Direxion Daily Homebuilders & Supplies Bull 3X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/nail",
 "html": "https://etfiq.com/funds/nail",
 "markdown": "https://etfiq.com/funds/nail.md",
 "as_of": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: NAIL returned \u221243.4% where its own daily promise gave \u221238.6%, 4.7 points short.",
 "key_facts": [
  {
   "key": "what_xhb_did",
   "label": "What XHB did",
   "value": "\u221213.6%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "NAIL, what XHB did: \u221213.6%, as of Oct 2, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What 3 times a day gives",
   "value": "\u221238.6%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "NAIL, what 3 times a day gives: \u221238.6%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221243.4%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "NAIL, what the fund returned: \u221243.4%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22124.7 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "NAIL, the fund itself cost: \u22124.7 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$545m",
   "source": "issuer page, as of Oct 1, 2026",
   "as_of": "2026-10-02",
   "sentence": "NAIL, net assets: $545m (issuer page, as of Oct 1, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-10-02",
   "sentence": "NAIL, expense ratio: 0.96% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+3 times the daily move of XHB, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+3.18 times, against +3 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "XHB",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$545m",
   "source": "issuer page, as of Oct 1, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 19, 2015",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "25% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221218.4%",
   "XHB": "\u22123.9%",
   "+3x the move": "\u221211.7%",
   "Difference": "\u22126.7 pts",
   "XHB moved about": "21%"
  },
  {
   "window": "3 months",
   "Fund": "\u221243.4%",
   "XHB": "\u221213.6%",
   "+3x the move": "\u221240.9%",
   "Difference": "\u22122.5 pts",
   "XHB moved about": "25%"
  },
  {
   "window": "6 months",
   "Fund": "\u221225.2%",
   "XHB": "\u22120.9%",
   "+3x the move": "\u22122.6%",
   "Difference": "\u221222.6 pts",
   "XHB moved about": "30%"
  },
  {
   "window": "1 year",
   "Fund": "\u221262.9%",
   "XHB": "\u221212.5%",
   "+3x the move": "\u221237.5%",
   "Difference": "\u221225.4 pts",
   "XHB moved about": "28%"
  },
  {
   "window": "3 years",
   "Fund": "\u221241.4%",
   "XHB": "+34.4%",
   "+3x the move": "+103.3%",
   "Difference": "\u2212144.7 pts",
   "XHB moved about": "27%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221226.7%",
   "XHB": "+172.5%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "XHB moved about": "27%"
  }
 ],
 "questions": [
  {
   "q": "Did NAIL return +3 times XHB?",
   "a": "Over the window to Oct 2, 2026, XHB moved \u221213.6% and NAIL returned \u221243.4%. 3 times that move is \u221240.9%, so the fund came out 2.5 points short of it."
  },
  {
   "q": "Why does NAIL not return +3 times over a year?",
   "a": "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."
  }
 ],
 "generated": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}