INDL vs. ALMRX
Compare and contrast key facts about Direxion Daily India Bull 3x Shares (INDL) and Alger MidCap Growth Institutional Fund (ALMRX).
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. ALMRX is managed by Alger. It was launched on Nov 8, 1993.
Performance
INDL vs. ALMRX - Performance Comparison
Loading graphics...
INDL vs. ALMRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | -26.77% | -3.21% | 7.56% | 26.06% | -22.88% | 40.26% | -36.43% | 3.15% | -34.29% | 127.98% |
ALMRX Alger MidCap Growth Institutional Fund | -11.69% | 17.01% | 20.02% | 22.68% | -35.28% | 6.17% | 64.25% | 29.79% | -7.77% | 28.75% |
Returns By Period
In the year-to-date period, INDL achieves a -26.77% return, which is significantly lower than ALMRX's -11.69% return. Over the past 10 years, INDL has underperformed ALMRX with an annualized return of -0.48%, while ALMRX has yielded a comparatively higher 10.96% annualized return.
INDL
- 1D
- 6.13%
- 1M
- -20.83%
- YTD
- -26.77%
- 6M
- -22.61%
- 1Y
- -24.28%
- 3Y*
- 3.37%
- 5Y*
- -0.98%
- 10Y*
- -0.48%
ALMRX
- 1D
- -1.10%
- 1M
- -11.81%
- YTD
- -11.69%
- 6M
- -13.78%
- 1Y
- 14.51%
- 3Y*
- 11.66%
- 5Y*
- 0.39%
- 10Y*
- 10.96%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
INDL vs. ALMRX - Expense Ratio Comparison
INDL has a 1.33% expense ratio, which is lower than ALMRX's 1.44% expense ratio.
Return for Risk
INDL vs. ALMRX — Risk / Return Rank
INDL
ALMRX
INDL vs. ALMRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and Alger MidCap Growth Institutional Fund (ALMRX). 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.
| INDL | ALMRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.79 | 0.57 | -1.36 |
Sortino ratioReturn per unit of downside risk | -1.03 | 0.96 | -1.99 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.13 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.63 | 0.71 | -1.34 |
Martin ratioReturn relative to average drawdown | -1.86 | 2.45 | -4.31 |
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 graphics...
Sharpe Ratios by Period
| INDL | ALMRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | 0.57 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.01 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.29 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.17 | -0.29 |
Correlation
The correlation between INDL and ALMRX is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
INDL vs. ALMRX - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 1.72%, while ALMRX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | 1.72% | 1.42% | 2.79% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% |
ALMRX Alger MidCap Growth Institutional Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 77.91% | 12.19% | 8.56% | 7.91% | 0.00% |
Drawdowns
INDL vs. ALMRX - Drawdown Comparison
The maximum INDL drawdown since its inception was -95.67%, which is greater than ALMRX's maximum drawdown of -73.80%. Use the drawdown chart below to compare losses from any high point for INDL and ALMRX.
Loading graphics...
Drawdown Indicators
| INDL | ALMRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.67% | -73.80% | -21.87% |
Max Drawdown (1Y)Largest decline over 1 year | -37.82% | -16.06% | -21.76% |
Max Drawdown (5Y)Largest decline over 5 years | -47.64% | -64.01% | +16.37% |
Max Drawdown (10Y)Largest decline over 10 years | -91.96% | -64.01% | -27.95% |
Current DrawdownCurrent decline from peak | -79.39% | -42.96% | -36.43% |
Average DrawdownAverage peak-to-trough decline | -66.23% | -22.14% | -44.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 4.65% | +8.12% |
Volatility
INDL vs. ALMRX - Volatility Comparison
Direxion Daily India Bull 3x Shares (INDL) has a higher volatility of 14.09% compared to Alger MidCap Growth Institutional Fund (ALMRX) at 6.40%. This indicates that INDL's price experiences larger fluctuations and is considered to be riskier than ALMRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| INDL | ALMRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.09% | 6.40% | +7.69% |
Volatility (6M)Calculated over the trailing 6-month period | 22.06% | 14.46% | +7.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 24.21% | +6.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.55% | 48.57% | -18.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.02% | 37.71% | +15.31% |