18MK.DE vs. INDL
18MK.DE (Amundi MSCI India UCITS ETF EUR) and INDL (Direxion Daily India Bull 3x Shares) are both exchange-traded funds - 18MK.DE is a Asia Pacific Equities fund tracking the MSCI India, while INDL is a Leveraged Equities fund tracking the Indus India Index (300%). Both are passively managed. Over the past 10 years, 18MK.DE returned 6.21%/yr vs -0.84%/yr for INDL. A 0.76 correlation means they provide meaningful diversification when combined. 18MK.DE charges 0.80%/yr vs 1.33%/yr for INDL.
Performance
18MK.DE vs. INDL - Performance Comparison
Loading charts...
Different Trading Currencies
18MK.DE is traded in EUR, while INDL is traded in USD. To make them comparable, the INDL values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 18MK.DE achieves a -11.57% return, which is significantly higher than INDL's -23.27% return. Over the past 10 years, 18MK.DE has outperformed INDL with an annualized return of 6.21%, while INDL has yielded a comparatively lower -0.84% annualized return.
18MK.DE
- 1D
- 0.68%
- 1M
- -2.82%
- YTD
- -11.57%
- 6M
- -12.43%
- 1Y
- -14.84%
- 3Y*
- 1.67%
- 5Y*
- 3.55%
- 10Y*
- 6.21%
INDL
- 1D
- 2.60%
- 1M
- -4.59%
- YTD
- -23.27%
- 6M
- -23.54%
- 1Y
- -28.29%
- 3Y*
- -2.21%
- 5Y*
- -1.84%
- 10Y*
- -0.84%
18MK.DE vs. INDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
18MK.DE Amundi MSCI India UCITS ETF EUR | -11.57% | -10.32% | 16.35% | 14.11% | -2.28% | 33.62% | 2.72% | 9.58% | -4.91% | 20.20% |
INDL Direxion Daily India Bull 3x Shares | -23.27% | -14.70% | 14.66% | 22.28% | -18.10% | 50.76% | -41.67% | 5.49% | -31.21% | 99.96% |
Correlation
The correlation between 18MK.DE and INDL is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010 | 0.76 |
The correlation between 18MK.DE and INDL has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
18MK.DE vs. INDL — Risk / Return Rank
18MK.DE
INDL
18MK.DE vs. INDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI India UCITS ETF EUR (18MK.DE) 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.
| 18MK.DE | INDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.84 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.77 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.54 | -1.58 | +0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| 18MK.DE | INDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | -0.99 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.06 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | -0.02 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | -0.11 | +0.35 |
Drawdowns
18MK.DE vs. INDL - Drawdown Comparison
The maximum 18MK.DE drawdown since its inception was -42.41%, smaller than the maximum INDL drawdown of -94.34%. Use the drawdown chart below to compare losses from any high point for 18MK.DE and INDL.
Loading charts...
Drawdown Indicators
| 18MK.DE | INDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.41% | -94.34% | +51.93% |
Max Drawdown (1Y)Largest decline over 1 year | -20.43% | -36.95% | +16.52% |
Max Drawdown (3Y)Largest decline over 3 years | -29.72% | -49.24% | +19.52% |
Max Drawdown (5Y)Largest decline over 5 years | -29.72% | -49.24% | +19.52% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -90.78% | +49.22% |
Current DrawdownCurrent decline from peak | -26.69% | -74.19% | +47.50% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -60.95% | +48.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.60% | 17.94% | -8.34% |
Volatility
18MK.DE vs. INDL - Volatility Comparison
The current volatility for Amundi MSCI India UCITS ETF EUR (18MK.DE) is 5.23%, while Direxion Daily India Bull 3x Shares (INDL) has a volatility of 9.96%. This indicates that 18MK.DE 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.
Loading charts...
Volatility by Period
| 18MK.DE | INDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 9.96% | -4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 13.99% | 24.67% | -10.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.62% | 28.72% | -12.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 29.22% | -12.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.29% | 51.81% | -31.52% |
18MK.DE vs. INDL - Expense Ratio Comparison
18MK.DE has a 0.80% expense ratio, which is lower than INDL's 1.33% expense ratio.
Dividends
18MK.DE vs. INDL - Dividend Comparison
18MK.DE has not paid dividends to shareholders, while INDL's dividend yield for the trailing twelve months is around 1.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
18MK.DE Amundi MSCI India UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDL Direxion Daily India Bull 3x Shares | 1.66% | 1.42% | 2.79% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% |
Frequently Asked Questions
18MK.DE and INDL have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 18MK.DE is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.
18MK.DE is cheaper with a 0.80% expense ratio, compared with 1.33% for INDL.
18MK.DE is categorized as Asia Pacific Equities, while INDL is Leveraged Equities. 18MK.DE tracks MSCI India, while INDL tracks Indus India Index (300%). They also come from different issuers: Amundi and Direxion. Their fees differ too: 0.80% for 18MK.DE and 1.33% for INDL.
Find the right allocation for 18MK.DE and INDL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer