INDL vs. NFTY
Compare and contrast key facts about Direxion Daily India Bull 3x Shares (INDL) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).
INDL and NFTY 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. NFTY is a passively managed fund by First Trust that tracks the performance of the NIFTY 50 Equal Weight Index. It was launched on Feb 14, 2012. Both INDL and NFTY 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 NFTY.
Key characteristics
| INDL | NFTY | |
|---|---|---|
| YTD Return | 10.60% | 5.35% |
| 1Y Return | 44.58% | 27.00% |
| 3Y Return (Ann) | 11.53% | 11.94% |
| 5Y Return (Ann) | 0.49% | 12.61% |
| 10Y Return (Ann) | -2.28% | 7.65% |
| Sharpe Ratio | 2.16 | 2.08 |
| Daily Std Dev | 21.77% | 13.36% |
| Max Drawdown | -95.67% | -47.67% |
| Current Drawdown | -70.09% | -2.06% |
Correlation
The correlation between INDL and NFTY is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
INDL vs. NFTY - Performance Comparison
In the year-to-date period, INDL achieves a 10.60% return, which is significantly higher than NFTY's 5.35% return. Over the past 10 years, INDL has underperformed NFTY with an annualized return of -2.28%, while NFTY has yielded a comparatively higher 7.65% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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INDL vs. NFTY - Expense Ratio Comparison
INDL has a 1.33% expense ratio, which is higher than NFTY's 0.80% expense ratio.
Risk-Adjusted Performance
INDL vs. NFTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). 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. NFTY - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 1.53%, more than NFTY's 0.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | 1.53% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 0.17% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% | 0.52% | 1.72% |
Drawdowns
INDL vs. NFTY - Drawdown Comparison
The maximum INDL drawdown since its inception was -95.67%, which is greater than NFTY's maximum drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for INDL and NFTY. For additional features, visit the drawdowns tool.
Volatility
INDL vs. NFTY - Volatility Comparison
Direxion Daily India Bull 3x Shares (INDL) has a higher volatility of 5.40% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 3.32%. This indicates that INDL's price experiences larger fluctuations and is considered to be riskier than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.