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FAS vs NAIL

Direxion Daily Financial Bull 3X ETF

FASANYSE Arca

Direxion Daily Homebuilders & Supplies Bull 3X ETF

NAILCNYSE Arca

Overlap

5.4%by weight

Expense ratio

FAS −0.08pt a year

FAS0.88%NAIL0.96%

Avg volume · 30D

NAIL 3.7×the volume

FAS413KNAIL1.53M

10Y return · a year

FAS +15.8pt

FAS+20.9%NAIL+5.1%

FAS vs NAIL Performance

Oct 29, 2021 – Oct 30, 2026

+31.4%FAS−59.4%NAIL

Oct 29, 2021 to Oct 30, 2026. FAS +31.4%. NAIL −59.4%. Use the arrow keys to read each point.0%100%Oct 2021Apr 2024Oct 2026
Expense ratio
FAS 0.88%, better
NAIL 0.96%
Fund size
FAS $2.17B
NAIL $604M
1Y total return
FAS +12.3%, better
NAIL −43.6%
Yield (12M)
FAS 8.87%, better
NAIL 1.03%
Holdings
FAS 87
NAIL 51
Avg volume (30D)
FAS 413K sh
NAIL 1.53M sh, better
NAV per share
FAS $168.18
NAIL $32.31
52W range

ETF.net Grade

FAS: Cost 92, Risk 69, Mission not scored, Tradability 73, Holdings not scored, Durability 66. NAIL: Cost 62, Risk 12, Mission not scored, Tradability 43, Holdings not scored, Durability 59.
Pillar letters and Scores for FAS, NAIL, with each pillar’s weight
PillarFASNAIL
Cost30% weightA92HigherB62
Mission25% weightNot scoredNot scored
Risk15% weightB69HigherF12
Tradability15% weightA73HigherC43
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherB59

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FAS and NAIL are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

FAS ranks 3rd and NAIL 16th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 4ASOXLDirexion Daily Semiconductor Bull 3X ETFScore 76
  5. Rank 16CDUSLDirexion Daily Industrials Bull 3X ETFScore 45
  6. Rank 16CNAILDirexion Daily Homebuilders & Supplies Bull 3X ETFScore 45
  7. Rank 18CDRNDirexion Daily Real Estate Bull 3X ETFScore 44

Our read on each fund

ETF.net Research

FASADirexion Daily Financial Bull 3X ETF

NAILCDirexion Daily Homebuilders & Supplies Bull 3X ETF

In short

FAS Born in November 2008 with the banking system on fire, FAS aims to deliver three times the daily move of the Financial Select Sector Index. A one-day tool on roughly 80 financial stocks, built around a single-day objective.

NAIL Three times the daily move of US homebuilders in one ticker. NAIL takes a narrow, rate-sensitive corner of the market, wraps it in a daily-reset lever, and prices it below the typical leveraged bull fund.

Stated mandate

FAS The fund seeks a daily return equal to three times the performance of the Financial Select Sector Index, before fees and expenses. It is designed for a single-day objective rather than a multiple of the index’s cumulative return over longer periods.

NAIL The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Dow Jones U.S. Select Home Construction Index.

Why people hold it

  • FAS Launched in November 2008, into the crisis itself, and still one of the strongest implementations in its 3x peer group.
  • Costs 0.88% net of a waiver through September 1, 2027 (0.92% gross), below the median for 3x leveraged funds.
  • A multi-billion-dollar fund that trades steadily, so the leverage arrives in a reasonably liquid wrapper.
  • Straightforward plumbing: 3x the daily move of one named large-cap financials index, about 80 stocks, no stock-picking overlay.
  • NAIL Aims for 300% of the daily move of a US home construction index holding roughly 50 builders and suppliers, so one ticker carries a whole housing-cycle view.direxion.com
  • At 0.96% a year it undercuts the typical leveraged bull fund, and where UDOW or FAS lever broad markets, this one levers a single slice of the economy.
  • Live since 2015 and actively traded, so getting in and out is rarely the hard part with a tool built for days, not decades.
  • On cost and ease of trading, it stands among the stronger builds in the leveraged bull crowd.

Worth knowing

  • FAS The 3x goal resets every day. Hold longer and compounding can push results away from three times the index's move over that stretch, especially in choppy markets.
  • Leverage runs both directions: down days are magnified just as sharply, and this is one sector in one direction with no diversification cushion.
  • Not the cheapest 3x on the shelf: SOXL runs 0.75% and TQQQ 0.78%, each net of waivers through September 1, 2027 and September 30, 2027.
  • NAIL The 3x target resets every day. Hold longer and compounding takes over, so a choppy sector can leave results well away from three times the index move.direxion.com
  • Homebuilders swing on mortgage rates and construction demand. Levering that narrow sector 3x puts this among the more volatile products on the leveraged shelf.
  • It pays quarterly, but income is a byproduct: the 0.96% fee accrues daily whether housing moves or not.

Full FAS profile⁠

Full NAIL profile⁠

FAS vs NAIL Holdings

How FAS and NAIL differ

Overlap by weight

5.4%

Shared holdings make up 9.1% of FAS and 5.4% of NAIL.

Level by level

  • Sector6 Sectors0.2%
  • Holdings1 in both5.4%
  • Countryby domicile98.4%
  • Asset classEquity100%

Sector

Sector weights in FAS and NAIL, widest gap first
SectorMore in FASMore in NAIL
FinancialsFAS +98.2 points
Consumer DiscretionaryNAIL +76.9 points
IndustrialsNAIL +13.8 points
MaterialsNAIL +8.3 points
TechnologyFAS +1.6 points
Real EstateNAIL +0.8 points

Country, concentration and asset class

Country by domicile

Country weights in FAS and NAIL, widest gap first
CountryMore in FASMore in NAIL
United StatesNAIL +1.6 points
SwitzerlandFAS +1.6 points

Concentration

Weight in the 10 largest Holdings

  • FAS79.0%
  • NAIL83.9%

Securities held

  • FAS77
  • NAIL44

Asset class

FAS
Equity
NAIL
Equity

Holdings

  • Only in FAS76
  • In both1
  • Only in NAIL43

Only in FAS

76 securities, 20.3% of FAS by weight

  • Berkshire Hathaway Inc-Cl B2.56%
  • JPMorgan Chase & Co2.31%
  • Visa Inc-Class A Shares1.77%

Only in NAIL

43 securities, 24.4% of NAIL by weight

  • Dr Horton Inc4.08%
  • Pultegroup Inc2.55%
  • Goldman Sachs Fin Gov 465 Institut1.82%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in FAS and NAIL, widest gap first
HoldingMore in FASMore in NAIL
Goldman Finl Sq Trsry Inst 506FAS +1.38 points

All 84 FAS holdings⁠All 54 NAIL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FAS vs NAIL Cost

Overpaying NAIL vs FAS

$1,329

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FAS 0.88%

    $16,705

  • NAIL 0.96%

    $18,034

$10,000
30 years

Cost over time

  • FAS 0.88%
  • NAIL 0.96%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NAIL $18,034FAS $16,705

Year by year

YearFASNAILOverpaying
10$1,559$1,695$136
20$5,891$6,383$492
30$16,705$18,034$1,329

Expense ratio

  • 0.88%FAS, cheaper
  • 0.96%NAIL
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

FAS 4th cheapest of 30 funds

NAIL 11th cheapest of 30 funds

FAS vs NAIL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FAS 8.87%, better
NAIL 1.03%
Payout (12M)
FAS $14.62
NAIL $0.34
Last payment
FAS $1.00
NAIL $0.12
Ex-dividend
FAS Sep 22, 2026
NAIL Sep 22, 2026
Paid on
FAS Sep 29, 2026
NAIL Sep 29, 2026
Frequency
FAS Quarterly
NAIL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FASQuarterly · 36 paymentsAll FAS payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.08; Mar 20, 2018 $0.13; Jun 19, 2018 $0.16; Sep 25, 2018 $0.19; Dec 27, 2018 $0.16; Mar 19, 2019 $0.16; Jun 25, 2019 $0.17; Sep 24, 2019 $0.15; Dec 23, 2019 $0.11; Mar 24, 2020 $0.12; Jun 23, 2020 $0.04; Sep 22, 2020 $0.05; Dec 22, 2020 $0.08; Mar 23, 2021 $0.13; Jun 22, 2021 $0.14; Sep 21, 2021 $0.15; Dec 21, 2021 $0.36; Jun 22, 2022 $0.12; Sep 20, 2022 $0.22; Dec 20, 2022 $0.33; Mar 21, 2023 $0.17; Jun 21, 2023 $0.62; Sep 19, 2023 $0.29; Dec 21, 2023 $0.38; Mar 19, 2024 $0.36; Jun 25, 2024 $0.27; Sep 24, 2024 $0.32; Dec 23, 2024 $0.19; Mar 25, 2025 $0.46; Jun 24, 2025 $0.50; Sep 23, 2025 $0.39; Dec 10, 2025 $12.09; Dec 23, 2025 $0.39; Mar 24, 2026 $0.60; Jun 23, 2026 $0.53; Sep 22, 2026 $1.00. Use the arrow keys to read each point.$0$102017202020232026YTD
NAILQuarterly · 22 paymentsAll NAIL payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Dec 13, 2017 $1.15; Sep 25, 2018 $0.02; Dec 27, 2018 $0.06; Mar 19, 2019 $0.05; Jun 25, 2019 $0.04; Sep 24, 2019 $0.02; Mar 24, 2020 $0.0049; Mar 21, 2023 $0.15; Jun 21, 2023 $0.01; Sep 19, 2023 $0.04; Dec 21, 2023 $0.04; Mar 19, 2024 $0.17; Jun 25, 2024 $0.04; Sep 24, 2024 $0.26; Dec 23, 2024 $0.06; Mar 25, 2025 $0.45; Jun 24, 2025 $0.19; Sep 23, 2025 $0.08; Dec 23, 2025 $0.05; Mar 24, 2026 $0.07; Jun 23, 2026 $0.10; Sep 22, 2026 $0.12. Use the arrow keys to read each point.$0$102017202020232026YTD

FAS vs NAIL Risk

Fall from peak · 5 years

  • FAS
  • NAIL
Oct 29, 2021 to Oct 30, 2026. Worst fall: NAIL −85.8% · Oct 2026. Use the arrow keys to read each point.−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FAS 46.3%, betterNAIL 92.8%
Return per unit of riskSharpe ratio, 3 years
FAS 1.03, betterNAIL 0.29
Worst fallMax drawdown, 5 years
FAS −66.9%, betterNAIL −85.8%
Market sensitivityBeta, 5 years
FAS 2.63NAIL 3.85

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