INDL vs. MORT
INDL (Direxion Daily India Bull 3x Shares) and MORT (VanEck 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 US Mortgage REITs Index. Both are passively managed. Over the past 10 years, INDL returned -1.36%/yr vs 2.39%/yr for MORT. At a 0.35 correlation, their price movements are largely independent. INDL charges 1.33%/yr vs 0.43%/yr for MORT.
Performance
INDL vs. MORT - Performance Comparison
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Returns By Period
In the year-to-date period, INDL achieves a -22.25% return, which is significantly lower than MORT's 1.27% return. Over the past 10 years, INDL has underperformed MORT with an annualized return of -1.36%, while MORT has yielded a comparatively higher 2.39% annualized return.
INDL
- 1D
- -1.98%
- 1M
- 1.46%
- 6M
- -20.32%
- YTD
- -22.25%
- 1Y
- -27.15%
- 3Y*
- -1.87%
- 5Y*
- -1.43%
- 10Y*
- -1.36%
MORT
- 1D
- -1.10%
- 1M
- 1.70%
- 6M
- -2.62%
- YTD
- 1.27%
- 1Y
- 7.14%
- 3Y*
- 5.89%
- 5Y*
- -0.81%
- 10Y*
- 2.39%
INDL vs. MORT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | -22.25% | -3.21% | 7.56% | 26.06% | -22.88% | 40.26% | -36.43% | 3.15% | -34.29% | 127.98% |
MORT VanEck Mortgage REIT Income ETF | 1.27% | 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 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
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 |
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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 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 | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.08 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 0.50 | -1.25 |
| Martin ratioReturn relative to average drawdown | -1.50 | 1.26 | -2.76 |
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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.
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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 | -36.19% | -14.27% | -21.92% |
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 | -78.11% | -20.61% | -57.50% |
Average DrawdownAverage peak-to-trough decline | -66.41% | -15.35% | -51.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.17% | 5.67% | +12.50% |
Volatility
INDL vs. MORT - Volatility Comparison
Direxion Daily India Bull 3x Shares (INDL) has a higher volatility of 9.07% compared to VanEck Mortgage REIT Income ETF (MORT) at 3.81%. 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.
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Volatility by Period
| INDL | MORT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.07% | 3.81% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 26.34% | 13.06% | +13.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.24% | 16.79% | +13.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.78% | 23.61% | +7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.40% | 28.86% | +23.54% |
INDL vs. MORT - Expense Ratio Comparison
INDL has a 1.33% expense ratio, which is higher than MORT's 0.43% expense ratio.
Dividends
INDL vs. MORT - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 1.44%, less than MORT's 15.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | 1.44% | 1.42% | 2.79% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% | 0.00% | 0.00% |
MORT VanEck Mortgage REIT Income ETF | 15.08% | 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 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDL has higher volatility (9.07%) compared to MORT (3.81%). In terms of maximum drawdown, INDL dropped -95.67% vs MORT's -70.13%.
On 10-year performance, MORT leads with 2.39% vs -1.36% for INDL. On fees, MORT is cheaper at 0.43% per year. On volatility, MORT has been the lower-risk option at 3.81%. 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 2.39% return vs -1.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MORT is cheaper with a 0.43% expense ratio, compared with 1.33% for INDL.
MORT has the higher dividend yield at 15.08%, compared with 1.44% for INDL.
INDL is categorized as Leveraged Equities, while MORT is REIT. INDL tracks Indus India Index (300%), while MORT tracks MVIS US Mortgage REITs Index. They also come from different issuers: Direxion and VanEck. Their fees differ too: 1.33% for INDL and 0.43% for MORT.
MORT currently has the higher Sharpe Ratio (0.43 vs -0.90), 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.
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