INDL vs. NFLT
INDL (Direxion Daily India Bull 3x Shares) and NFLT (Virtus Newfleet Multi-Sector Bond ETF) are both exchange-traded funds - INDL is a Leveraged Equities fund tracking the Indus India Index (300%), while NFLT is a Multisector Bonds fund actively managed by Virtus. INDL is passively managed, while NFLT is actively managed. Over the past 10 years, INDL returned 0.22%/yr vs 4.09%/yr for NFLT. At a 0.13 correlation, their price movements are largely independent. INDL charges 1.33%/yr vs 0.50%/yr for NFLT.
Performance
INDL vs. NFLT - Performance Comparison
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Returns By Period
In the year-to-date period, INDL achieves a -23.37% return, which is significantly lower than NFLT's 1.75% return. Over the past 10 years, INDL has underperformed NFLT with an annualized return of 0.22%, while NFLT has yielded a comparatively higher 4.09% annualized return.
INDL
- 1D
- 2.23%
- 1M
- 0.62%
- YTD
- -23.37%
- 6M
- -20.84%
- 1Y
- -26.49%
- 3Y*
- -0.01%
- 5Y*
- -2.48%
- 10Y*
- 0.22%
NFLT
- 1D
- -0.65%
- 1M
- 0.82%
- YTD
- 1.75%
- 6M
- 2.23%
- 1Y
- 7.42%
- 3Y*
- 7.50%
- 5Y*
- 3.13%
- 10Y*
- 4.09%
INDL vs. NFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | -23.37% | -3.21% | 7.56% | 26.06% | -22.88% | 40.26% | -36.43% | 3.15% | -34.29% | 127.98% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 1.75% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 10.13% | -2.68% | 6.30% |
Correlation
The correlation between INDL and NFLT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2015 | 0.13 |
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Return for Risk
INDL vs. NFLT — Risk / Return Rank
INDL
NFLT
INDL vs. NFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and Virtus Newfleet Multi-Sector Bond ETF (NFLT). 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 | NFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.35 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 3.26 | -4.01 |
| Martin ratioReturn relative to average drawdown | -1.55 | 14.29 | -15.84 |
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Drawdowns
INDL vs. NFLT - Drawdown Comparison
The maximum INDL drawdown since its inception was -95.67%, which is greater than NFLT's maximum drawdown of -15.17%. Use the drawdown chart below to compare losses from any high point for INDL and NFLT.
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Drawdown Indicators
| INDL | NFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.67% | -15.17% | -80.50% |
Max Drawdown (1Y)Largest decline over 1 year | -37.82% | -2.42% | -35.40% |
Max Drawdown (3Y)Largest decline over 3 years | -47.64% | -3.24% | -44.40% |
Max Drawdown (5Y)Largest decline over 5 years | -47.64% | -13.42% | -34.22% |
Max Drawdown (10Y)Largest decline over 10 years | -91.96% | -15.17% | -76.79% |
Current DrawdownCurrent decline from peak | -78.43% | -0.65% | -77.78% |
Average DrawdownAverage peak-to-trough decline | -66.36% | -2.10% | -64.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.35% | 0.55% | +17.80% |
Volatility
INDL vs. NFLT - Volatility Comparison
Direxion Daily India Bull 3x Shares (INDL) has a higher volatility of 8.12% compared to Virtus Newfleet Multi-Sector Bond ETF (NFLT) at 1.64%. This indicates that INDL's price experiences larger fluctuations and is considered to be riskier than NFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDL | NFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 1.64% | +6.48% |
Volatility (6M)Calculated over the trailing 6-month period | 25.59% | 3.12% | +22.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.71% | 4.20% | +25.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.62% | 4.47% | +26.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.69% | 4.95% | +47.74% |
INDL vs. NFLT - Expense Ratio Comparison
INDL has a 1.33% expense ratio, which is higher than NFLT's 0.50% expense ratio.
Dividends
INDL vs. NFLT - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 1.64%, less than NFLT's 5.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | 1.64% | 1.42% | 2.79% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% | 0.00% | 0.00% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.48% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
Frequently Asked Questions
INDL and NFLT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDL has higher volatility (8.12%) compared to NFLT (1.64%). In terms of maximum drawdown, INDL dropped -95.67% vs NFLT's -15.17%.
On 10-year performance, NFLT leads with 4.09% vs 0.22% for INDL. On fees, NFLT is cheaper at 0.50% per year. On volatility, NFLT has been the lower-risk option at 1.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NFLT has performed better with a 4.09% return vs 0.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFLT is cheaper with a 0.50% expense ratio, compared with 1.33% for INDL.
NFLT has the higher dividend yield at 5.48%, compared with 1.64% for INDL.
INDL is categorized as Leveraged Equities, while NFLT is Multisector Bonds. They also come from different issuers: Direxion and Virtus. Their fees differ too: 1.33% for INDL and 0.50% for NFLT.
NFLT currently has the higher Sharpe Ratio (1.88 vs -0.96), 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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