INDL vs. BRKL

Last updated Aug 2, 2026

INDL (Direxion Daily India Bull 3x Shares) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. INDL is passively managed, while BRKL is actively managed. Their 0.29 correlation means their historical movements had little consistent relationship. INDL charges 1.33%/yr vs 0.45%/yr for BRKL.

Performance

INDL vs. BRKL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily India Bull 3x Shares (INDL) and Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

INDL

• 1D: 0.82%
• 1M: 0.65%
• 6M: -11.33%
• YTD: -19.15%
• 1Y: -17.60%
• 3Y*: -0.71%
• 5Y*: -0.85%
• 10Y*: -1.42%
• ALL TIME*: -6.63%

BRKL

• 1D: 0.85%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKL Corgi BRKB 2x Daily ETF	$853.16	$14.75K	$14.75K
INDL Direxion Daily India Bull 3x Shares	$713.33K	$719.68K	$832.32K

INDL vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
INDL Direxion Daily India Bull 3x Shares	-0.56%
BRKL Corgi BRKB 2x Daily ETF	1.48%

Correlation

The correlation between INDL and BRKL is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	0.29

Return for Risk

INDL vs. BRKL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

INDL

INDL Risk / Return Rank: 5
INDL Sharpe Ratio Rank: 4
INDL Sortino Ratio Rank: 5
INDL Omega Ratio Rank: 5
INDL Calmar Ratio Rank: 5
INDL Martin Ratio Rank: 5

BRKL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

INDL vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and Corgi BRKB 2x Daily ETF (BRKL). 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.

	INDL	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	—	—
Sortino ratio: Return per unit of downside risk	-0.68	—	—
Omega ratio: Gain probability vs. loss probability	0.92	—	—
Calmar ratio: Return relative to maximum drawdown	-0.50	—	—
Martin ratio: Return relative to average drawdown	-0.99	—	—

Drawdowns

INDL vs. BRKL - Drawdown Comparison

The maximum INDL drawdown since its inception was -95.67%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for INDL and BRKL.

Drawdown Indicators

	INDL	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-95.67%	-7.03%	-88.64%
Max Drawdown (1Y) Largest decline over 1 year	-34.84%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-47.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-47.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-91.96%	—	—
Current Drawdown Current decline from peak	-77.24%	-0.13%	-77.11%
Average Drawdown Average peak-to-trough decline	-66.45%	-4.14%	-62.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.64%	—	—

Volatility

Volatility by Period

	INDL	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.43%	30.99%	-0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.84%	30.99%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.38%	30.99%	+21.39%

INDL vs. BRKL - Expense Ratio Comparison

INDL has a 1.33% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

INDL vs. BRKL - Dividend Comparison

INDL's dividend yield for the trailing twelve months is around 1.39%, while BRKL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRKL Corgi BRKB 2x Daily ETF	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	1.39%	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 INDL and BRKL in my portfolio?

INDL and BRKL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INDL or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INDL or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 1.33% for INDL.

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

INDL has the higher dividend yield at 1.39%, compared with 0.00% for BRKL.

What is the main difference between INDL and BRKL?

They also come from different issuers: Direxion and Corgi. Their fees differ too: 1.33% for INDL and 0.45% for BRKL.