INDA vs. INDL
Compare and contrast key facts about iShares MSCI India ETF (INDA) and Direxion Daily India Bull 3x Shares (INDL).
INDA and INDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012. 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 INDA 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: INDA or INDL.
Correlation
The correlation between INDA and INDL is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
INDA vs. INDL - Performance Comparison
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Key characteristics
INDA:
0.33
INDL:
0.02
INDA:
0.66
INDL:
0.35
INDA:
1.09
INDL:
1.05
INDA:
0.36
INDL:
0.04
INDA:
0.74
INDL:
0.16
INDA:
8.95%
INDL:
18.55%
INDA:
16.53%
INDL:
32.88%
INDA:
-45.06%
INDL:
-95.67%
INDA:
-6.81%
INDL:
-69.71%
Returns By Period
The year-to-date returns for both investments are quite close, with INDA having a 4.05% return and INDL slightly higher at 4.14%. Over the past 10 years, INDA has outperformed INDL with an annualized return of 7.38%, while INDL has yielded a comparatively lower -1.84% annualized return.
INDA
4.05%
7.12%
3.31%
5.42%
17.90%
7.38%
INDL
4.14%
13.47%
1.45%
0.76%
33.92%
-1.84%
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INDA vs. INDL - Expense Ratio Comparison
INDA has a 0.69% expense ratio, which is lower than INDL's 1.33% expense ratio.
Risk-Adjusted Performance
INDA vs. INDL — Risk-Adjusted Performance Rank
INDA
INDL
INDA vs. INDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India ETF (INDA) 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.
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Dividends
INDA vs. INDL - Dividend Comparison
INDA's dividend yield for the trailing twelve months is around 0.73%, less than INDL's 2.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | 0.73% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% | 0.63% |
INDL Direxion Daily India Bull 3x Shares | 2.67% | 2.79% | 1.64% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% | 0.00% | 0.00% | 0.00% |
Drawdowns
INDA vs. INDL - Drawdown Comparison
The maximum INDA drawdown since its inception was -45.06%, smaller than the maximum INDL drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for INDA and INDL. For additional features, visit the drawdowns tool.
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Volatility
INDA vs. INDL - Volatility Comparison
The current volatility for iShares MSCI India ETF (INDA) is 6.66%, while Direxion Daily India Bull 3x Shares (INDL) has a volatility of 13.34%. This indicates that INDA 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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