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

Direxion · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: NAIL returned −43.4% where its own daily promise gave −38.6%, 4.7 points short.

## Key facts

- NAIL, what XHB did: −13.6%, as of Oct 2, 2026.
- NAIL, what 3 times a day gives: −38.6%, as of Oct 2, 2026.
- NAIL, what the fund returned: −43.4%, as of Oct 2, 2026.
- NAIL, the fund itself cost: −4.7 pts, as of Oct 2, 2026.
- NAIL, net assets: $545m (issuer page, as of Oct 1, 2026).
- NAIL, expense ratio: 0.96% (485BPOS XBRL, Feb 26, 2026).

## NAIL over each window to Oct 2, 2026

| Window | Fund | XHB | +3x the move | Difference | XHB moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −18.4% | −3.9% | −11.7% | −6.7 pts | 21% |
| 3 months | −43.4% | −13.6% | −40.9% | −2.5 pts | 25% |
| 6 months | −25.2% | −0.9% | −2.6% | −22.6 pts | 30% |
| 1 year | −62.9% | −12.5% | −37.5% | −25.4 pts | 28% |
| 3 years | −41.4% | +34.4% | +103.3% | −144.7 pts | 27% |
| Since launch | −26.7% | +172.5% | 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 | +3.18 times, against +3 stated | ETFIQ |
| Underlying | XHB | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $545m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 0.96% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Aug 19, 2015 | ETFIQ |
| Underlying volatility over the window | 25% annualized | ETFIQ |

## Questions

### Did NAIL return +3 times XHB?

Over the window to Oct 2, 2026, XHB moved −13.6% and NAIL returned −43.4%. 3 times that move is −40.9%, so the fund came out 2.5 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 Oct 2, 2026. https://etfiq.com/funds/nail
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/nail  ·  JSON: https://etfiq.com/funds/nail.json