GLIN vs. INDL
Compare and contrast key facts about VanEck Vectors India Growth Leaders ETF (GLIN) and Direxion Daily India Bull 3x Shares (INDL).
GLIN and INDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLIN is a passively managed fund by VanEck that tracks the performance of the MarketGrader India All-Cap Growth Leaders Index. It was launched on Aug 24, 2010. INDL is a passively managed fund by Direxion that tracks the performance of the Indus India Index (300%). It was launched on Mar 11, 2010. Both GLIN and INDL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLIN or INDL.
Key characteristics
| GLIN | INDL | |
|---|---|---|
| YTD Return | 17.42% | 14.34% |
| 1Y Return | 33.69% | 38.62% |
| 3Y Return (Ann) | 7.60% | 1.35% |
| 5Y Return (Ann) | 10.07% | 0.84% |
| 10Y Return (Ann) | 1.73% | -3.63% |
| Sharpe Ratio | 1.91 | 1.32 |
| Sortino Ratio | 2.45 | 1.71 |
| Omega Ratio | 1.37 | 1.26 |
| Calmar Ratio | 0.61 | 0.48 |
| Martin Ratio | 13.28 | 7.60 |
| Ulcer Index | 2.48% | 4.89% |
| Daily Std Dev | 17.25% | 28.11% |
| Max Drawdown | -79.39% | -95.67% |
| Current Drawdown | -39.02% | -69.08% |
Correlation
The correlation between GLIN and INDL is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GLIN vs. INDL - Performance Comparison
In the year-to-date period, GLIN achieves a 17.42% return, which is significantly higher than INDL's 14.34% return. Over the past 10 years, GLIN has outperformed INDL with an annualized return of 1.73%, while INDL has yielded a comparatively lower -3.63% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GLIN vs. INDL - Expense Ratio Comparison
GLIN has a 0.82% expense ratio, which is lower than INDL's 1.33% expense ratio.
Risk-Adjusted Performance
GLIN vs. INDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors India Growth Leaders ETF (GLIN) 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.
Dividends
GLIN vs. INDL - Dividend Comparison
GLIN's dividend yield for the trailing twelve months is around 0.82%, less than INDL's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIN VanEck Vectors India Growth Leaders ETF | 0.82% | 0.96% | 1.70% | 0.00% | 0.24% | 1.29% | 0.12% | 0.10% | 1.39% | 3.11% | 0.97% | 0.44% |
INDL Direxion Daily India Bull 3x Shares | 1.28% | 1.64% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GLIN vs. INDL - Drawdown Comparison
The maximum GLIN drawdown since its inception was -79.39%, smaller than the maximum INDL drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for GLIN and INDL. For additional features, visit the drawdowns tool.
Volatility
GLIN vs. INDL - Volatility Comparison
The current volatility for VanEck Vectors India Growth Leaders ETF (GLIN) is 3.72%, while Direxion Daily India Bull 3x Shares (INDL) has a volatility of 6.04%. This indicates that GLIN 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.