INDL vs. IBIC
INDL (Direxion Daily India Bull 3x Shares) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - INDL is a Leveraged Equities fund tracking the Indus India Index (300%), while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, INDL returned -24.89% vs 4.42% for IBIC. At a correlation of -0.04, they often move in opposite directions. INDL charges 1.33%/yr vs 0.10%/yr for IBIC.
Performance
INDL vs. IBIC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, INDL achieves a -21.27% return, which is significantly lower than IBIC's 2.43% return.
INDL
- 1D
- -3.73%
- 1M
- 1.96%
- YTD
- -21.27%
- 6M
- -22.49%
- 1Y
- -24.89%
- 3Y*
- 0.97%
- 5Y*
- -1.23%
- 10Y*
- 1.06%
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INDL vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | -21.27% | -3.21% | 7.56% | 13.21% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between INDL and IBIC is -0.26, 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 | -0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.04 |
Over the past year, the inverse relationship between INDL and IBIC has strengthened: their correlation has moved from -0.04 to -0.26, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
INDL vs. IBIC — Risk / Return Rank
INDL
IBIC
INDL vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.82 | ||
| Sortino ratioReturn per unit of downside risk | -10.11 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 2.22 | -1.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 16.56 | -17.22 |
| Martin ratioReturn relative to average drawdown | -1.32 | 58.67 | -60.00 |
Loading charts...
Drawdowns
INDL vs. IBIC - Drawdown Comparison
The maximum INDL drawdown since its inception was -95.67%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for INDL and IBIC.
Loading charts...
Drawdown Indicators
| INDL | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.67% | -0.90% | -94.77% |
Max Drawdown (1Y)Largest decline over 1 year | -37.82% | -0.27% | -37.55% |
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 DrawdownCurrent decline from peak | -77.84% | -0.08% | -77.76% |
Average DrawdownAverage peak-to-trough decline | -66.38% | -0.10% | -66.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.84% | 0.08% | +18.76% |
Volatility
INDL vs. IBIC - Volatility Comparison
Direxion Daily India Bull 3x Shares (INDL) has a higher volatility of 9.26% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that INDL's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| INDL | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.26% | 0.17% | +9.09% |
Volatility (6M)Calculated over the trailing 6-month period | 26.26% | 0.67% | +25.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.04% | 0.89% | +29.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.72% | 1.56% | +29.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.52% | 1.56% | +50.96% |
INDL vs. IBIC - Expense Ratio Comparison
INDL has a 1.33% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
INDL vs. IBIC - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 1.60%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDL Direxion Daily India Bull 3x Shares | 1.60% | 1.42% | 2.79% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% |
Frequently Asked Questions
INDL and IBIC have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDL has higher volatility (9.26%) compared to IBIC (0.17%). In terms of maximum drawdown, INDL dropped -95.67% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.42% vs -24.89% for INDL. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.42% return vs -24.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 1.33% for INDL.
IBIC has the higher dividend yield at 3.58%, compared with 1.60% for INDL.
INDL is categorized as Leveraged Equities, while IBIC is Inflation-Protected Bonds. INDL tracks Indus India Index (300%), while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.33% for INDL and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs -0.83), 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.
Find the right allocation for INDL and IBIC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer