^XII vs. INDL
^XII (NYSE Arca Institutional Index) is an index, while INDL (Direxion Daily India Bull 3x Shares) is Leveraged Equities fund tracking the Indus India Index (300%). Over the past 10 years, ^XII returned 15.73%/yr vs 1.28%/yr for INDL. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
^XII vs. INDL - Performance Comparison
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Returns By Period
In the year-to-date period, ^XII achieves a 6.71% return, which is significantly higher than INDL's -19.90% return. Over the past 10 years, ^XII has outperformed INDL with an annualized return of 15.73%, while INDL has yielded a comparatively lower 1.28% annualized return.
^XII
- 1D
- -0.33%
- 1M
- -3.33%
- YTD
- 6.71%
- 6M
- 5.39%
- 1Y
- 21.99%
- 3Y*
- 22.39%
- 5Y*
- 13.02%
- 10Y*
- 15.73%
INDL
- 1D
- -0.70%
- 1M
- 3.03%
- YTD
- -19.90%
- 6M
- -19.82%
- 1Y
- -25.58%
- 3Y*
- 1.33%
- 5Y*
- -0.93%
- 10Y*
- 1.28%
^XII vs. INDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^XII NYSE Arca Institutional Index | 6.71% | 18.55% | 31.39% | 31.30% | -24.53% | 23.73% | 24.60% | 31.40% | -4.23% | 21.47% |
INDL Direxion Daily India Bull 3x Shares | -19.90% | -3.21% | 7.56% | 26.06% | -22.88% | 40.26% | -36.43% | 3.15% | -34.29% | 127.98% |
Correlation
The correlation between ^XII and INDL is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | 0.53 |
The correlation between ^XII and INDL shifts across timeframes, from 0.42 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^XII vs. INDL — Risk / Return Rank
^XII
INDL
^XII vs. INDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Arca Institutional Index (^XII) and Direxion Daily India Bull 3x Shares (INDL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^XII | INDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.35 | ||
| Sortino ratioReturn per unit of downside risk | +3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.87 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.68 | +2.62 |
| Martin ratioReturn relative to average drawdown | 7.47 | -1.35 | +8.82 |
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Drawdowns
^XII vs. INDL - Drawdown Comparison
The maximum ^XII drawdown since its inception was -64.23%, smaller than the maximum INDL drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for ^XII and INDL.
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Drawdown Indicators
| ^XII | INDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.23% | -95.67% | +31.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -37.82% | +26.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.71% | -47.64% | +26.93% |
Max Drawdown (5Y)Largest decline over 5 years | -28.97% | -47.64% | +18.67% |
Max Drawdown (10Y)Largest decline over 10 years | -30.08% | -91.96% | +61.88% |
Current DrawdownCurrent decline from peak | -5.15% | -77.45% | +72.30% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -66.38% | +50.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 19.00% | -16.05% |
Volatility
^XII vs. INDL - Volatility Comparison
The current volatility for NYSE Arca Institutional Index (^XII) is 6.10%, while Direxion Daily India Bull 3x Shares (INDL) has a volatility of 9.33%. This indicates that ^XII experiences smaller price fluctuations and is considered to be less risky than INDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^XII | INDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 9.33% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 26.12% | -14.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 30.01% | -15.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 30.73% | -12.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.04% | 52.50% | -33.46% |
Frequently Asked Questions
^XII and INDL have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDL has higher volatility (9.33%) compared to ^XII (6.10%). In terms of maximum drawdown, ^XII dropped -64.23% vs INDL's -95.67%.
^XII currently has the higher Sharpe Ratio (1.50 vs -0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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