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.
Performance
INDL vs. INDY - Performance Comparison
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INDL vs. INDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | -26.77% | -3.21% | 7.56% | 26.06% | -22.88% | 40.26% | -36.43% | 3.15% | -34.29% | 127.98% |
INDY iShares India 50 ETF | -14.30% | 4.97% | 3.47% | 16.88% | -7.31% | 19.43% | 10.01% | 9.99% | -4.32% | 36.15% |
Returns By Period
In the year-to-date period, INDL achieves a -26.77% return, which is significantly lower than INDY's -14.30% return. Over the past 10 years, INDL has underperformed INDY with an annualized return of -0.48%, while INDY has yielded a comparatively higher 6.85% annualized return.
INDL
- 1D
- 6.13%
- 1M
- -20.83%
- YTD
- -26.77%
- 6M
- -22.61%
- 1Y
- -24.28%
- 3Y*
- 3.37%
- 5Y*
- -0.98%
- 10Y*
- -0.48%
INDY
- 1D
- 3.10%
- 1M
- -10.49%
- YTD
- -14.30%
- 6M
- -10.15%
- 1Y
- -9.92%
- 3Y*
- 3.84%
- 5Y*
- 2.45%
- 10Y*
- 6.85%
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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.
Return for Risk
INDL vs. INDY — Risk / Return Rank
INDL
INDY
INDL vs. INDY - Risk-Adjusted Trends 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.
| INDL | INDY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.79 | -0.67 | -0.12 |
Sortino ratioReturn per unit of downside risk | -1.03 | -0.90 | -0.13 |
Omega ratioGain probability vs. loss probability | 0.88 | 0.90 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.51 | -0.11 |
Martin ratioReturn relative to average drawdown | -1.86 | -1.73 | -0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| INDL | INDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | -0.67 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.16 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.35 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.22 | -0.34 |
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.
Dividends
INDL vs. INDY - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 1.72%, less than INDY's 9.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | 1.72% | 1.42% | 2.79% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% | 0.00% | 0.00% |
INDY iShares India 50 ETF | 9.46% | 8.11% | 0.24% | 0.38% | 3.75% | 7.12% | 0.08% | 0.58% | 0.55% | 0.27% | 0.48% | 0.57% |
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.
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Drawdown Indicators
| INDL | INDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.67% | -44.74% | -50.93% |
Max Drawdown (1Y)Largest decline over 1 year | -37.82% | -18.95% | -18.87% |
Max Drawdown (5Y)Largest decline over 5 years | -47.64% | -22.40% | -25.24% |
Max Drawdown (10Y)Largest decline over 10 years | -91.96% | -43.50% | -48.46% |
Current DrawdownCurrent decline from peak | -79.39% | -19.99% | -59.40% |
Average DrawdownAverage peak-to-trough decline | -66.23% | -12.16% | -54.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.77% | 5.62% | +7.15% |
Volatility
INDL vs. INDY - Volatility Comparison
Direxion Daily India Bull 3x Shares (INDL) has a higher volatility of 14.09% compared to iShares India 50 ETF (INDY) at 7.32%. 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.
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Volatility by Period
| INDL | INDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.09% | 7.32% | +6.77% |
Volatility (6M)Calculated over the trailing 6-month period | 22.06% | 10.91% | +11.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 14.85% | +16.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.55% | 15.05% | +15.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.02% | 19.62% | +33.40% |