DPST vs. INDL

Last updated Jul 22, 2026

DPST (Direxion Daily Regional Banks Bull 3X Shares) and INDL (Direxion Daily India Bull 3x Shares) are both Leveraged Equities funds from Direxion - DPST tracks the Solactive US Regional Banks Total Return Index (300%) while INDL tracks the Indus India Index (300%). Both are passively managed. Over the past 10 years, DPST returned -11.52%/yr vs -1.44%/yr for INDL. At a 0.33 correlation, their price movements are largely independent. DPST charges 0.99%/yr vs 1.33%/yr for INDL.

Performance

DPST vs. INDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Regional Banks Bull 3X Shares (DPST) and Direxion Daily India Bull 3x Shares (INDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DPST achieves a 45.84% return, which is significantly higher than INDL's -22.56% return. Over the past 10 years, DPST has underperformed INDL with an annualized return of -11.52%, while INDL has yielded a comparatively higher -1.44% annualized return.

DPST

• 1D: 0.09%
• 1M: 19.32%
• 6M: 33.56%
• YTD: 45.84%
• 1Y: 46.05%
• 3Y*: 26.28%
• 5Y*: -14.08%
• 10Y*: -11.52%
• ALL TIME*: -13.01%

INDL

• 1D: 0.64%
• 1M: -3.99%
• 6M: -15.28%
• YTD: -22.56%
• 1Y: -27.00%
• 3Y*: -2.09%
• 5Y*: -1.52%
• 10Y*: -1.44%
• ALL TIME*: -6.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DPST vs. INDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DPST Direxion Daily Regional Banks Bull 3X Shares	45.84%	-5.90%	15.48%	-55.79%	-54.10%	108.31%	-76.53%	70.65%	-56.75%	7.28%
INDL Direxion Daily India Bull 3x Shares	-22.56%	-3.21%	7.56%	26.06%	-22.88%	40.26%	-36.43%	3.15%	-34.29%	127.98%

Correlation

The correlation between DPST and INDL is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Aug 19, 2015	0.33

The correlation between DPST and INDL shifts across timeframes, from 0.27 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

DPST vs. INDL - Sectors Allocation Comparison

Sectors	DPST	INDL
Financial Services	100.0%	30.3%
Basic Materials	-	8.5%
Communication Services	-	5.0%
Consumer Cyclical	-	12.2%
Consumer Defensive	-	5.6%
Energy	-	8.8%
Healthcare	-	6.4%
Industrials	-	10.5%
Real Estate	-	1.3%
Technology	-	7.2%
Utilities	-	4.2%

Return for Risk

DPST vs. INDL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DPST

DPST Risk / Return Rank: 29
DPST Sharpe Ratio Rank: 26
DPST Sortino Ratio Rank: 32
DPST Omega Ratio Rank: 33
DPST Calmar Ratio Rank: 31
DPST Martin Ratio Rank: 27

INDL

INDL Risk / Return Rank: 2
INDL Sharpe Ratio Rank: 2
INDL Sortino Ratio Rank: 3
INDL Omega Ratio Rank: 3
INDL Calmar Ratio Rank: 3
INDL Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DPST vs. INDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Regional Banks Bull 3X Shares (DPST) 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.

	DPST	INDL	Difference
Sharpe ratio: Return per unit of total volatility	0.68	-0.90	+1.58
Sortino ratio: Return per unit of downside risk	1.31	-1.26	+2.57
Omega ratio: Gain probability vs. loss probability	1.17	0.86	+0.31
Calmar ratio: Return relative to maximum drawdown	1.14	-0.78	+1.92
Martin ratio: Return relative to average drawdown	2.54	-1.56	+4.11

DPST vs. INDL - Sharpe Ratio Comparison

The current DPST Sharpe Ratio is 0.68, which is higher than the INDL Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of DPST and INDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DPST vs. INDL - Drawdown Comparison

The maximum DPST drawdown since its inception was -97.73%, roughly equal to the maximum INDL drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for DPST and INDL.

Drawdown Indicators

	DPST	INDL	Difference
Max Drawdown Largest peak-to-trough decline	-97.73%	-95.67%	-2.06%
Max Drawdown (1Y) Largest decline over 1 year	-40.44%	-34.85%	-5.59%
Max Drawdown (3Y) Largest decline over 3 years	-68.38%	-47.64%	-20.74%
Max Drawdown (5Y) Largest decline over 5 years	-93.99%	-47.64%	-46.35%
Max Drawdown (10Y) Largest decline over 10 years	-97.73%	-91.96%	-5.77%
Current Drawdown Current decline from peak	-91.07%	-78.20%	-12.87%
Average Drawdown Average peak-to-trough decline	-64.44%	-66.43%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.15%	17.42%	+0.73%

Volatility

DPST vs. INDL - Volatility Comparison

Direxion Daily Regional Banks Bull 3X Shares (DPST) has a higher volatility of 17.32% compared to Direxion Daily India Bull 3x Shares (INDL) at 7.37%. This indicates that DPST's price experiences larger fluctuations and is considered to be riskier than INDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DPST	INDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.32%	7.37%	+9.95%
Volatility (6M) Calculated over the trailing 6-month period	49.05%	26.23%	+22.82%
Volatility (1Y) Calculated over the trailing 1-year period	68.34%	30.14%	+38.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.45%	30.76%	+57.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.22%	52.38%	+41.84%

DPST vs. INDL - Expense Ratio Comparison

DPST has a 0.99% expense ratio, which is lower than INDL's 1.33% expense ratio.

Dividends

DPST vs. INDL - Dividend Comparison

DPST's dividend yield for the trailing twelve months is around 1.50%, more than INDL's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DPST Direxion Daily Regional Banks Bull 3X Shares	1.50%	2.18%	1.55%	1.78%	1.51%	0.58%	0.90%	1.29%	2.18%	0.30%
INDL Direxion Daily India Bull 3x Shares	1.45%	1.42%	2.79%	1.65%	0.09%	2.35%	0.00%	0.68%	0.18%	0.31%

Frequently Asked Questions

Can I hold both DPST and INDL in my portfolio?

DPST and INDL have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DPST or INDL?

DPST has higher volatility (17.32%) compared to INDL (7.37%). In terms of maximum drawdown, DPST dropped -97.73% vs INDL's -95.67%.

Which ETF is better, DPST or INDL?

On 10-year performance, INDL leads with -1.44% vs -11.52% for DPST. On fees, DPST is cheaper at 0.99% per year. On volatility, INDL has been the lower-risk option at 7.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DPST or INDL?

Over the 10-year period, INDL has performed better with a -1.44% return vs -11.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DPST or INDL?

DPST is cheaper with a 0.99% expense ratio, compared with 1.33% for INDL.

Which ETF pays a higher dividend yield, DPST or INDL?

DPST has the higher dividend yield at 1.50%, compared with 1.45% for INDL.

What is the main difference between DPST and INDL?

DPST tracks Solactive US Regional Banks Total Return Index (300%), while INDL tracks Indus India Index (300%). Their fees differ too: 0.99% for DPST and 1.33% for INDL.

Which has better risk-adjusted returns?

DPST currently has the higher Sharpe Ratio (0.68 vs -0.90), 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.