INDL vs. COMT
INDL (Direxion Daily India Bull 3x Shares) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - INDL is a Leveraged Equities fund tracking the Indus India Index (300%), while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. Both are passively managed. Over the past 10 years, INDL returned -1.24%/yr vs 8.33%/yr for COMT. At a 0.24 correlation, their price movements are largely independent. INDL charges 1.33%/yr vs 0.48%/yr for COMT.
Performance
INDL vs. COMT - Performance Comparison
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Returns By Period
In the year-to-date period, INDL achieves a -22.75% return, which is significantly lower than COMT's 30.19% return. Over the past 10 years, INDL has underperformed COMT with an annualized return of -1.24%, while COMT has yielded a comparatively higher 8.33% annualized return.
INDL
- 1D
- -0.39%
- 1M
- -3.66%
- 6M
- -20.07%
- YTD
- -22.75%
- 1Y
- -28.56%
- 3Y*
- -2.52%
- 5Y*
- -1.39%
- 10Y*
- -1.24%
COMT
- 1D
- -0.49%
- 1M
- 2.53%
- 6M
- 26.18%
- YTD
- 30.19%
- 1Y
- 33.20%
- 3Y*
- 12.71%
- 5Y*
- 11.75%
- 10Y*
- 8.33%
INDL vs. COMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | -22.75% | -3.21% | 7.56% | 26.06% | -22.88% | 40.26% | -36.43% | 3.15% | -34.29% | 127.98% |
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 30.19% | 6.07% | 5.96% | -6.56% | 19.45% | 36.88% | -18.66% | 10.81% | -6.67% | 11.70% |
Correlation
The correlation between INDL and COMT is -0.32, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.24 |
The correlation between INDL and COMT shifts across timeframes, from -0.32 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
INDL vs. COMT — Risk / Return Rank
INDL
COMT
INDL vs. COMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT). 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 | COMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.27 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.90 | -2.70 |
| Martin ratioReturn relative to average drawdown | -1.60 | 6.35 | -7.95 |
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Drawdowns
INDL vs. COMT - Drawdown Comparison
The maximum INDL drawdown since its inception was -95.67%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for INDL and COMT.
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Drawdown Indicators
| INDL | COMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.67% | -51.89% | -43.78% |
Max Drawdown (1Y)Largest decline over 1 year | -35.65% | -17.57% | -18.08% |
Max Drawdown (3Y)Largest decline over 3 years | -47.64% | -17.57% | -30.07% |
Max Drawdown (5Y)Largest decline over 5 years | -47.64% | -29.00% | -18.64% |
Max Drawdown (10Y)Largest decline over 10 years | -91.96% | -39.22% | -52.74% |
Current DrawdownCurrent decline from peak | -78.25% | -11.28% | -66.97% |
Average DrawdownAverage peak-to-trough decline | -66.42% | -23.95% | -42.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.43% | 5.24% | +13.19% |
Volatility
INDL vs. COMT - Volatility Comparison
Direxion Daily India Bull 3x Shares (INDL) has a higher volatility of 7.58% compared to iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) at 5.91%. This indicates that INDL's price experiences larger fluctuations and is considered to be riskier than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDL | COMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 5.91% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 26.21% | 19.67% | +6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.18% | 21.54% | +8.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.77% | 21.20% | +9.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.37% | 18.85% | +33.52% |
INDL vs. COMT - Expense Ratio Comparison
INDL has a 1.33% expense ratio, which is higher than COMT's 0.48% expense ratio.
Dividends
INDL vs. COMT - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 1.45%, less than COMT's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF | 5.95% | 7.74% | 4.90% | 5.19% | 29.79% | 17.79% | 0.36% | 2.61% | 11.65% | 5.16% | 0.52% | 1.44% |
INDL Direxion Daily India Bull 3x Shares | 1.45% | 1.42% | 2.79% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% | 0.00% | 0.00% |
Frequently Asked Questions
INDL and COMT have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDL has higher volatility (7.58%) compared to COMT (5.91%). In terms of maximum drawdown, INDL dropped -95.67% vs COMT's -51.89%.
On 10-year performance, COMT leads with 8.33% vs -1.24% for INDL. On fees, COMT is cheaper at 0.48% per year. On volatility, COMT has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, COMT has performed better with a 8.33% return vs -1.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COMT is cheaper with a 0.48% expense ratio, compared with 1.33% for INDL.
COMT has the higher dividend yield at 5.95%, compared with 1.45% for INDL.
INDL is categorized as Leveraged Equities, while COMT is Commodities. INDL tracks Indus India Index (300%), while COMT tracks S&P GSCI Dynamic Roll (USD) Total Return Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.33% for INDL and 0.48% for COMT.
COMT currently has the higher Sharpe Ratio (1.55 vs -0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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