INDL vs. MORT
INDL (Direxion Daily India Bull 3x Shares) and MORT (VanEck Vectors Mortgage REIT Income ETF) are both exchange-traded funds - INDL is a Leveraged Equities fund tracking the Indus India Index (300%), while MORT is a REIT fund tracking the MVIS Global Mortgage REITs Index. Both are passively managed. Over the past 10 years, INDL returned 1.06%/yr vs 2.52%/yr for MORT. At a 0.35 correlation, their price movements are largely independent. INDL charges 1.33%/yr vs 0.42%/yr for MORT.
Performance
INDL vs. MORT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, INDL achieves a -21.27% return, which is significantly lower than MORT's -0.42% return. Over the past 10 years, INDL has underperformed MORT with an annualized return of 1.06%, while MORT has yielded a comparatively higher 2.52% annualized 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%
MORT
- 1D
- 1.00%
- 1M
- 0.90%
- YTD
- -0.42%
- 6M
- -0.37%
- 1Y
- 10.51%
- 3Y*
- 8.23%
- 5Y*
- -2.38%
- 10Y*
- 2.52%
INDL vs. MORT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | -21.27% | -3.21% | 7.56% | 26.06% | -22.88% | 40.26% | -36.43% | 3.15% | -34.29% | 127.98% |
MORT VanEck Vectors Mortgage REIT Income ETF | -0.42% | 12.17% | 0.14% | 14.74% | -26.92% | 15.95% | -22.39% | 21.26% | -4.45% | 18.88% |
Correlation
The correlation between INDL and MORT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2011 | 0.35 |
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. MORT — Risk / Return Rank
INDL
MORT
INDL vs. MORT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and VanEck Vectors Mortgage REIT Income ETF (MORT). 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 | MORT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.12 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 0.74 | -1.40 |
| Martin ratioReturn relative to average drawdown | -1.32 | 1.92 | -3.25 |
Loading charts...
Drawdowns
INDL vs. MORT - Drawdown Comparison
The maximum INDL drawdown since its inception was -95.67%, which is greater than MORT's maximum drawdown of -70.13%. Use the drawdown chart below to compare losses from any high point for INDL and MORT.
Loading charts...
Drawdown Indicators
| INDL | MORT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.67% | -70.13% | -25.54% |
Max Drawdown (1Y)Largest decline over 1 year | -37.82% | -14.27% | -23.55% |
Max Drawdown (3Y)Largest decline over 3 years | -47.64% | -21.98% | -25.66% |
Max Drawdown (5Y)Largest decline over 5 years | -47.64% | -42.48% | -5.16% |
Max Drawdown (10Y)Largest decline over 10 years | -91.96% | -70.13% | -21.83% |
Current DrawdownCurrent decline from peak | -77.84% | -21.94% | -55.90% |
Average DrawdownAverage peak-to-trough decline | -66.38% | -15.33% | -51.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.84% | 5.48% | +13.36% |
Volatility
INDL vs. MORT - Volatility Comparison
Direxion Daily India Bull 3x Shares (INDL) has a higher volatility of 9.26% compared to VanEck Vectors Mortgage REIT Income ETF (MORT) at 4.83%. This indicates that INDL's price experiences larger fluctuations and is considered to be riskier than MORT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| INDL | MORT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.26% | 4.83% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 26.26% | 13.20% | +13.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.04% | 16.83% | +13.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.72% | 23.70% | +7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.52% | 28.88% | +23.64% |
INDL vs. MORT - Expense Ratio Comparison
INDL has a 1.33% expense ratio, which is higher than MORT's 0.42% expense ratio.
Dividends
INDL vs. MORT - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 1.60%, less than MORT's 13.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
MORT VanEck Vectors Mortgage REIT Income ETF | 13.07% | 12.76% | 11.55% | 12.18% | 13.09% | 8.21% | 8.11% | 7.36% | 8.19% | 7.82% | 8.21% | 9.91% |
Frequently Asked Questions
INDL and MORT have a correlation of 0.34, 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 MORT (4.83%). In terms of maximum drawdown, INDL dropped -95.67% vs MORT's -70.13%.
On 10-year performance, MORT leads with 2.52% vs 1.06% for INDL. On fees, MORT is cheaper at 0.42% per year. On volatility, MORT has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MORT has performed better with a 2.52% return vs 1.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MORT is cheaper with a 0.42% expense ratio, compared with 1.33% for INDL.
MORT has the higher dividend yield at 13.07%, compared with 1.60% for INDL.
INDL is categorized as Leveraged Equities, while MORT is REIT. INDL tracks Indus India Index (300%), while MORT tracks MVIS Global Mortgage REITs Index. They also come from different issuers: Direxion and VanEck. Their fees differ too: 1.33% for INDL and 0.42% for MORT.
MORT currently has the higher Sharpe Ratio (0.63 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 MORT
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