INDL vs. BSCO
Compare and contrast key facts about Direxion Daily India Bull 3x Shares (INDL) and Invesco BulletShares 2024 Corporate Bond ETF (BSCO).
INDL and BSCO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BSCO is a passively managed fund by Invesco that tracks the performance of the NASDAQ BulletShares USD Corporate Bond 2024 TR Index. It was launched on Sep 17, 2014. Both INDL and BSCO 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: INDL or BSCO.
Key characteristics
| INDL | BSCO | |
|---|---|---|
| YTD Return | 8.71% | 1.82% |
| 1Y Return | 44.45% | 5.07% |
| 3Y Return (Ann) | 10.91% | 0.58% |
| 5Y Return (Ann) | 0.82% | 2.74% |
| Sharpe Ratio | 1.99 | 5.76 |
| Daily Std Dev | 21.76% | 0.86% |
| Max Drawdown | -95.67% | -17.44% |
| Current Drawdown | -70.60% | 0.00% |
Correlation
The correlation between INDL and BSCO is 0.07, 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.
Performance
INDL vs. BSCO - Performance Comparison
In the year-to-date period, INDL achieves a 8.71% return, which is significantly higher than BSCO's 1.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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INDL vs. BSCO - Expense Ratio Comparison
INDL has a 1.33% expense ratio, which is higher than BSCO's 0.10% expense ratio.
Risk-Adjusted Performance
INDL vs. BSCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and Invesco BulletShares 2024 Corporate Bond ETF (BSCO). 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
INDL vs. BSCO - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 1.56%, less than BSCO's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | 1.56% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% | 0.00% | 0.00% | 0.00% |
BSCO Invesco BulletShares 2024 Corporate Bond ETF | 2.99% | 2.87% | 2.15% | 2.01% | 2.43% | 3.02% | 3.21% | 3.01% | 3.16% | 3.34% | 0.78% |
Drawdowns
INDL vs. BSCO - Drawdown Comparison
The maximum INDL drawdown since its inception was -95.67%, which is greater than BSCO's maximum drawdown of -17.44%. Use the drawdown chart below to compare losses from any high point for INDL and BSCO. For additional features, visit the drawdowns tool.
Volatility
INDL vs. BSCO - Volatility Comparison
Direxion Daily India Bull 3x Shares (INDL) has a higher volatility of 5.39% compared to Invesco BulletShares 2024 Corporate Bond ETF (BSCO) at 0.17%. This indicates that INDL's price experiences larger fluctuations and is considered to be riskier than BSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.