Direxion Daily India Bull 3x Shares (INDL)
INDL is a passive ETF by Direxion tracking the investment results of the Indus India Index (300%). INDL launched on Mar 11, 2010 and has a 1.33% expense ratio.
ETF Info
| ISIN | US25490K3317 |
|---|---|
| CUSIP | 25490K331 |
| Issuer | Direxion |
| Inception Date | Mar 11, 2010 |
| Region | Emerging Asia Pacific (India) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 3x |
| Index Tracked | Indus India Index (300%) |
| Home Page | www.direxion.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
INDL has a high expense ratio of 1.33%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily India Bull 3x Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion Daily India Bull 3x Shares had a return of 14.31% year-to-date (YTD) and 54.23% in the last 12 months. Over the past 10 years, Direxion Daily India Bull 3x Shares had an annualized return of 1.14%, while the S&P 500 had an annualized return of 10.41%, indicating that Direxion Daily India Bull 3x Shares did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 14.31% | 6.17% |
| 1 month | 4.81% | -2.72% |
| 6 months | 40.01% | 17.29% |
| 1 year | 54.23% | 23.80% |
| 5 years (annualized) | -2.44% | 11.47% |
| 10 years (annualized) | 1.14% | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.46% | 4.50% | 1.03% | 2.51% | ||||||||
| 2023 | -4.89% | 12.20% | 11.67% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of INDL is 83, placing it in the top 17% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Direxion Daily India Bull 3x Shares(INDL)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Daily India Bull 3x Shares granted a 1.48% dividend yield in the last twelve months. The annual payout for that period amounted to $0.96 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.96 | $0.93 | $0.04 | $1.40 | $0.00 | $0.47 | $0.12 | $0.32 |
Dividend yield | 1.48% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily India Bull 3x Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.21 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.40 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
| 2017 | $0.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily India Bull 3x Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily India Bull 3x Shares was 95.67%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
The current Direxion Daily India Bull 3x Shares drawdown is 69.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -95.67% | Nov 8, 2010 | 2358 | Mar 23, 2020 | — | — | — |
| -30.28% | Apr 6, 2010 | 37 | May 26, 2010 | 75 | Sep 14, 2010 | 112 |
| -8.88% | Oct 14, 2010 | 10 | Oct 27, 2010 | 6 | Nov 4, 2010 | 16 |
| -3.55% | Oct 6, 2010 | 5 | Oct 12, 2010 | 1 | Oct 13, 2010 | 6 |
| -3.41% | Sep 22, 2010 | 2 | Sep 23, 2010 | 1 | Sep 24, 2010 | 3 |
Volatility
Volatility Chart
The current Direxion Daily India Bull 3x Shares volatility is 5.39%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.