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ETFs

Direxion Daily Homebuilders & Supplies Bull 3X Shares

NAIL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 19 2015
Expense Ratio
0.93%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$15,603,877
AUM
$184,136,539
Associated Index
Dow Jones US Select Home Construction Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN FINL SQ TRSRY INST 506
4.03%
n/a
DREYFUS GOVT CASH MAN INS
3.68%
DHI
D.R. Horton Inc.
3.21%
LEN
Lennar Corp. - Ordinary Shares - Class A
2.76%
NVR
NVR Inc.
1.88%
PHM
PulteGroup Inc
1.56%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
1.47%
SHW
Sherwin-Williams Co.
1.01%
HD
Home Depot, Inc.
1.00%
LOW
Lowe`s Cos., Inc.
0.98%
Invest with NAIL

What is NAIL?

The Fund seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. Select Home Construction Index. There is no guarantee the funds will meet their stated investment objectives. The Dow Jones U.S. Select Home Construction Index measures U.S companies in the home construction sector that provide a wide range of products and services related to homebuilding, including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and also home improvement retailers.

ETFs related toNAIL

ETFs correlated to NAIL include ITB, XHB, PKB

NAIL
Direxion Shares ETF Trust - Direxion Daily Homebuilders & Supplies Bull 3X Shares
ITB
BlackRock Institutional Trust Company N.A. - iShares U.S. Home Construction ETF
XHB
SSgA Active Trust - SPDR Homebuilders ETF
PKB
Invesco Capital Management LLC - Invesco Building & Construction ETF
RSPD
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Discretionary ETF
FXD
First Trust Exchange-Traded Fund III - First Trust Consumer Discretionary AlphaDEX Fund
FXR
First Trust Exchange-Traded Fund III - First Trust Industrials/Producer Durables AlphaDEX Fund
JSMD
Janus Capital Management LLC - Janus Henderson Small/Mid Cap Growth Alpha ETF
FLQM
Franklin Templeton ETF Trust - Franklin U.S. Mid Cap Multifactor Index ETF
IJK
BlackRock Institutional Trust Company N.A. - iShares S&P Mid-Cap 400 Growth ETF
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
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Risk Rating

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Category

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Risk Rating

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Create your own algorithmic trading strategy with NAIL using Composer

FAQ

NAIL is a US Equities ETF. The Fund seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. Select Home Construction Index. There is no guarantee the funds will meet their stated investment objectives. The Dow Jones U.S. Select Home Construction Index measures U.S companies in the home construction sector that provide a wide range of products and services related to homebuilding, including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and also home improvement retailers.

NAIL tracks the Dow Jones US Select Home Construction Index.

No, NAIL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, NAIL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NAIL is -0.1662%. This is the percent change in the value of NAIL over the most recent 1-month period. The 3-month return on NAIL is -0.1812%. This is the percent change in the value of NAIL over the most recent 3-month period.

The standard deviation of NAIL for the past year is 0.8496%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to NAIL include TQQQ, SSO, and TNA.

ETFs correlated to NAIL include ITB, XHB, and PKB.

ETFs that are inversely correlated to NAIL include RWM, SRTY, and HIBS.

Yes, NAIL is a Leveraged (3x) ETF: This means that NAIL will try to match the performance of Dow Jones US Select Home Construction Index, but with 3x the returns.

Yes, NAIL is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Dow Jones US Select Home Construction Index, but move 3x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.