NAIL vs CNEQ

Comparison between DIREXION DAILY HOMEBUILDERS & SUPPLIES BULL 3X SHARES (NAIL, ETF) and ALGER CONCENTRATED EQUITY ETF (CNEQ, ETF).

NAIL vs CNEQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NAIL(ETF)	CNEQ(ETF)
Net Assets	$732M	$732M
Expense Ratio	N/A	0.56%
Max Drawdown	93.79%	27.58%
Sharpe Ratio	-0.01	1.05
5Y Beta	2.41	1.45
P/E Ratio	17.29	42.28
Forward P/E	15.11	25.13
PEG Ratio	1.75	0.28
5Y EPS CAGR	9.91%	43.23%
Debt to Equity	-6.23%	N/A
P/S Ratio	1.19	3.83
P/B Ratio	2.09	9.29

Net Assets

NAIL

$732M

CNEQ

$732M

Expense Ratio

NAIL

N/A

CNEQ

0.56%

Max Drawdown

NAIL

93.79%

Winner

CNEQ

27.58%

Sharpe Ratio

NAIL

-0.01

Winner

CNEQ

1.05

5Y Beta

NAIL

2.41

Winner

CNEQ

1.45

P/E Ratio

Winner

NAIL

17.29

CNEQ

42.28

Forward P/E

Winner

NAIL

15.11

CNEQ

25.13

PEG Ratio

NAIL

1.75

Winner

CNEQ

0.28

5Y EPS CAGR

NAIL

9.91%

Winner

CNEQ

43.23%

Debt to Equity

NAIL

-6.23%

CNEQ

N/A

P/S Ratio

Winner

NAIL

1.19

CNEQ

3.83

P/B Ratio

Winner

NAIL

2.09

CNEQ

9.29

NAIL vs CNEQ - Holdings Comparison

NAIL and CNEQ have 1 common holdings. Overlap is -0.13%

NAIL's top 25 holdings weight is 96.70%. CNEQ's top 25 holdings weight is 94.55%.

Rank	NAIL	CNEQ
#1	DREYFUS GOVT CASH MAN INS (n/a) - 14.67%	NVIDIA CORP (NVDA) - 12.98%
#2	D.R. HORTON INC (DHI) - 11.54%	MICROSOFT CORP (MSFT) - 6.12%
#3	GOLDMAN FINL SQ TRSRY INST 506 (n/a) - 8.69%	ALPHABET INC CLASS C (GOOG) - 5.94%
#4	DOW JONES U.S. SELECT HOME BUILDERS INDEX SWAP (n/a) - 7.14%	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 5.87%
#5	PULTEGROUP INC (PHM) - 6.92%	ANTHROPIC (n/a) - 5.25%
#6	LENNAR CORP CLASS A (LEN) - 5.25%	APPLE INC (AAPL) - 4.86%
#7	NVR INC (NVR) - 5.02%	WESTERN DIGITAL CORP (WDC) - 4.78%
#8	TOLL BROTHERS INC (TOL) - 3.71%	AMAZON.COM INC (AMZN) - 4.23%
#9	SHERWIN-WILLIAMS CO (SHW) - 3.45%	BROADCOM INC (AVGO) - 4.20%
#10	THE HOME DEPOT INC (HD) - 3.38%	NEBIUS GROUP NV SHS CLASS-A- (NBIS) - 4.11%
#11	LOWE'S COMPANIES INC (LOW) - 3.06%	SPACE EXPLORATION TECHNOLOGIES CORP CLASS A (SPCX) - 3.41%
#12	LENNOX INTERNATIONAL INC (LII) - 2.62%	TESLA INC (TSLA) - 3.21%
#13	CASH (n/a) - 2.57%	TALEN ENERGY CORP ORDINARY SHARES NEW (TLN) - 3.14%
#14	MASCO CORP (MAS) - 2.30%	GE VERNOVA INC (GEV) - 3.04%
#15	DREYFUS TRSRY SECURITIES CASH MGMT (n/a) - 2.20%	META PLATFORMS INC CLASS A (META) - 3.03%
#16	TAYLOR MORRISON HOME CORP (TMHC) - 1.99%	APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 2.76%
#17	OWENS-CORNING INC (OC) - 1.69%	QXO INC (QXO) - 2.75%
#18	INSTALLED BUILDING PRODUCTS INC (IBP) - 1.49%	SEA LTD ADR (SE) - 2.49%
#19	GOLDMAN SACHS FIN GOV 465 INSTITUT (n/a) - 1.48%	HEICO CORP CLASS A (HEI-A) - 2.09%
#20	MERITAGE HOMES CORP (MTH) - 1.46%	FIGURE AI (n/a) - 2.02%
#21	CHAMPION HOMES INC (SKY) - 1.33%	ASTERA LABS INC (ALAB) - 1.78%
#22	CAVCO INDUSTRIES INC (CVCO) - 1.29%	ELI LILLY AND CO (LLY) - 1.76%
#23	BUILDERS FIRSTSOURCE INC (BLDR) - 1.19%	MICRON TECHNOLOGY INC (MU) - 1.64%
#24	SIMPSON MANUFACTURING CO INC (SSD) - 1.14%	NATERA INC (NTRA) - 1.58%
#25	M/I HOMES INC (MHO) - 1.12%	NOVO NORDISK AS ADR (NVO) - 1.51%
Total Holdings	50	31

NAIL vs CNEQ - Historical Returns

Returns include dividend reinvestment.

Period	NAIL	CNEQ
1 month	-11.56%	-3.66%
3 months	-23.86%	+9.93%
6 months	-44.11%	+16.00%
1 year	-29.80%	+30.66%
5 years(CAGR)	-12.35%	N/A
10 years(CAGR)	+2.38%	N/A
Max(CAGR)	+0.03%	+34.67%

NAIL

-11.56%

Winner

CNEQ

-3.66%

NAIL

-23.86%

Winner

CNEQ

+9.93%

NAIL

-44.11%

Winner

CNEQ

+16.00%

NAIL

-29.80%

Winner

CNEQ

+30.66%

5Y(CAGR)

NAIL

-12.35%

CNEQ

N/A

10Y(CAGR)

NAIL

+2.38%

CNEQ

N/A

Max(CAGR)

NAIL

+0.03%

Winner

CNEQ

+34.67%

NAIL vs CNEQ - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	NAIL	CNEQ
2026	-25.48%	+14.29%
2025	-37.99%	+32.33%
2024	-19.78%	+28.84%
2023	+246.13%	N/A
2022	-73.19%	N/A
2021	+182.45%	N/A
2020	-31.74%	N/A
2019	+172.28%	N/A
2018	-74.43%	N/A
2017	+259.89%	N/A
2016	+1.25%	N/A
2015	-27.37%	N/A

NAIL vs CNEQ Drawdown Comparison

The maximum drawdown for NAIL was -93.75%, occurring on Mar 23, 2020. Recovery took 829 trading sessions.

The maximum drawdown for CNEQ was -27.58%, occurring on Apr 8, 2025. Recovery took 77 trading sessions.

The current NAIL drawdown is -77.92%. The current CNEQ drawdown is -5.55%.

Rank	NAIL	CNEQ
#1	-93.75% Jan 22, 2018 - May 7, 2021	-27.58% Feb 14, 2025 - Jun 6, 2025
#2	-84.40% Dec 10, 2021 - Mar 1, 2024	-19.31% Oct 29, 2025 - Apr 24, 2026
#3	-82.09% Oct 18, 2024 - May 19, 2026	-15.11% Jul 10, 2024 - Sep 25, 2024
#4	-64.36% Aug 19, 2015 - Mar 16, 2017	-8.57% Jun 2, 2026 - Jun 18, 2026
#5	-44.96% Mar 28, 2024 - Jul 30, 2024	-8.39% Jun 18, 2026 - Jul 17, 2026
#6	-41.09% May 10, 2021 - Dec 6, 2021	-7.66% Apr 11, 2024 - May 15, 2024
#7	-26.59% Jul 30, 2024 - Aug 23, 2024	-7.47% Jan 23, 2025 - Feb 14, 2025
#8	-15.19% Aug 23, 2024 - Sep 13, 2024	-5.20% Oct 9, 2025 - Oct 28, 2025
#9	-14.10% Aug 8, 2017 - Sep 12, 2017	-4.68% Jan 6, 2025 - Jan 22, 2025
#10	-13.25% Sep 19, 2024 - Oct 18, 2024	-4.56% Dec 16, 2024 - Jan 6, 2025
#11	-9.62% Mar 13, 2024 - Mar 20, 2024	-4.25% Aug 12, 2025 - Sep 8, 2025
#12	-9.25% Mar 16, 2017 - Apr 27, 2017	-3.79% May 14, 2026 - May 21, 2026
#13	-9.17% Dec 4, 2017 - Dec 21, 2017	-3.42% Oct 29, 2024 - Nov 6, 2024
#14	-7.26% Jul 10, 2017 - Aug 4, 2017	-3.14% Jun 18, 2024 - Jul 3, 2024
#15	-7.15% Nov 1, 2017 - Nov 13, 2017	-2.88% Dec 6, 2024 - Dec 16, 2024

Correlation

Correlation between NAIL and CNEQ is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.68

-101