INDL vs. INDY
Compare and contrast key facts about Direxion Daily India Bull 3x Shares (INDL) and iShares India 50 ETF (INDY).
INDL and INDY 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. INDY is a passively managed fund by iShares that tracks the performance of the S&P CNX Nifty Index. It was launched on Nov 18, 2009. Both INDL and INDY 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 INDY.
Correlation
The correlation between INDL and INDY is 0.95, 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. INDY - Performance Comparison
Key characteristics
INDL:
0.43
INDY:
0.43
INDL:
0.73
INDY:
0.66
INDL:
1.11
INDY:
1.09
INDL:
0.17
INDY:
0.57
INDL:
1.68
INDY:
1.62
INDL:
7.36%
INDY:
3.65%
INDL:
28.74%
INDY:
13.77%
INDL:
-95.67%
INDY:
-44.74%
INDL:
-69.63%
INDY:
-9.42%
Returns By Period
In the year-to-date period, INDL achieves a 12.33% return, which is significantly higher than INDY's 5.38% return. Over the past 10 years, INDL has underperformed INDY with an annualized return of -2.03%, while INDY has yielded a comparatively higher 7.00% annualized return.
INDL
12.33%
1.24%
-7.00%
19.00%
-1.07%
-2.03%
INDY
5.38%
0.25%
-1.80%
8.37%
8.24%
7.00%
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INDL vs. INDY - Expense Ratio Comparison
INDL has a 1.33% expense ratio, which is higher than INDY's 0.94% expense ratio.
Risk-Adjusted Performance
INDL vs. INDY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and iShares India 50 ETF (INDY). 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. INDY - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 2.54%, more than INDY's 0.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | 2.54% | 1.64% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
INDY iShares India 50 ETF | 0.24% | 0.39% | 3.75% | 7.12% | 0.08% | 0.58% | 0.59% | 0.27% | 0.48% | 0.57% | 0.52% | 0.77% |
Drawdowns
INDL vs. INDY - Drawdown Comparison
The maximum INDL drawdown since its inception was -95.67%, which is greater than INDY's maximum drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for INDL and INDY. For additional features, visit the drawdowns tool.
Volatility
INDL vs. INDY - Volatility Comparison
Direxion Daily India Bull 3x Shares (INDL) has a higher volatility of 7.54% compared to iShares India 50 ETF (INDY) at 4.15%. This indicates that INDL's price experiences larger fluctuations and is considered to be riskier than INDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.