INDL vs. INDA
Compare and contrast key facts about Direxion Daily India Bull 3x Shares (INDL) and iShares MSCI India ETF (INDA).
INDL and INDA 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. INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012. Both INDL and INDA 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 INDA.
Key characteristics
| INDL | INDA | |
|---|---|---|
| YTD Return | 11.17% | 7.21% |
| 1Y Return | 47.83% | 26.98% |
| 3Y Return (Ann) | 11.70% | 9.58% |
| 5Y Return (Ann) | 0.31% | 10.93% |
| 10Y Return (Ann) | -2.23% | 7.37% |
| Sharpe Ratio | 2.09 | 2.35 |
| Daily Std Dev | 21.73% | 10.99% |
| Max Drawdown | -95.67% | -45.06% |
| Current Drawdown | -69.94% | -1.23% |
Correlation
The correlation between INDL and INDA is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
INDL vs. INDA - Performance Comparison
In the year-to-date period, INDL achieves a 11.17% return, which is significantly higher than INDA's 7.21% return. Over the past 10 years, INDL has underperformed INDA with an annualized return of -2.23%, while INDA has yielded a comparatively higher 7.37% annualized 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. INDA - Expense Ratio Comparison
INDL has a 1.33% expense ratio, which is higher than INDA's 0.69% expense ratio.
Risk-Adjusted Performance
INDL vs. INDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and iShares MSCI India ETF (INDA). 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. INDA - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 1.53%, more than INDA's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | 1.53% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
INDA iShares MSCI India ETF | 0.15% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% | 0.63% | 0.40% |
Drawdowns
INDL vs. INDA - Drawdown Comparison
The maximum INDL drawdown since its inception was -95.67%, which is greater than INDA's maximum drawdown of -45.06%. Use the drawdown chart below to compare losses from any high point for INDL and INDA. For additional features, visit the drawdowns tool.
Volatility
INDL vs. INDA - Volatility Comparison
Direxion Daily India Bull 3x Shares (INDL) has a higher volatility of 5.39% compared to iShares MSCI India ETF (INDA) at 2.68%. This indicates that INDL's price experiences larger fluctuations and is considered to be riskier than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.