Direxion Daily Homebuilders & Supplies Bull 3X ETF

NAIL

Market cap $773M

REITs have refused to break in 2026 despite oil-driven inflation pressure, rising Treasury yields, and a Fed narrative that flipped from multiple rate cuts to potential hikes. The “Rates Up, REITs Down” regime has weakened, with REIT-rate correlations falling sharply as fundamentals, strategy, capital allocation, and valuation catalysts increasingly drive performance. M&A has helped break the rate-driven narrative, validating public-market discounts to NAV and proving that REITs can unlock value through consolidation, privatizations, and strategic alternatives.

Top Performing Levered/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Surging oil prices and hotter inflation reports reignited rate-hike concerns, sending Treasury yields to one-year highs as the Iran conflict remained stalemated despite the highly anticipated Trump-Xi summit.

U.S. equity markets advanced for a fifth straight week - their longest winning streak since 2024 - as strong earnings, resilient data, and hopes for lasting Iran peace fueled optimism. Investors looked through another oil-price surge and inflationary pressure, focusing instead on corporate resilience and economic strength despite a complex macro backdrop shaped by geopolitical and policy uncertainty. The Fed held rates steady in an unusually fractured 8-4 vote, while Powell's plan to remain on the Board broke precedent and raised politically charged succession questions.

Today's market uncertainty demands high-conviction trading. With the month of March coming to a close, the latest Direxion leveraged ETF fund flow data reveals a preference for semiconductors, international recovery, and specific high-growth mega-caps.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Tech was the obvious winner in 2025, amassing inflows across various ETFs that benefited from sector strength, such as the Direxion Daily Semiconductor Bull 3X Shares (SOXL). However, another leveraged fund that saw strong inflows of just over $500 million was the Direxion Daily Homebuilders and Supplies Bull 3X Shares (NAIL), which could be fueled by optimism.

If you're considering NAIL or already own shares, you're betting on a housing recovery with triple leverage.

The Direxion Daily Homebuilders & Supplies Bull 3X Shares ETF has had a strong start to 2026, driven by low valuations, rotation out of megacaps, and lower borrowing costs. Despite the strong returns, NAIL's one-year performance remains disappointing, with beta slippage weighing on returns amid significant financial market volatility. Holdings in NAIL's underlying index remain cheap relative to cyclical sectors such as financials, as well as the broader S&P 500.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.