INDL vs. QLD
Compare and contrast key facts about Direxion Daily India Bull 3x Shares (INDL) and ProShares Ultra QQQ (QLD).
INDL and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both INDL and QLD 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 QLD.
Key characteristics
| INDL | QLD | |
|---|---|---|
| YTD Return | 10.60% | 14.84% |
| 1Y Return | 44.58% | 72.15% |
| 3Y Return (Ann) | 11.53% | 13.00% |
| 5Y Return (Ann) | 0.49% | 30.18% |
| 10Y Return (Ann) | -2.28% | 30.68% |
| Sharpe Ratio | 2.16 | 2.28 |
| Daily Std Dev | 21.77% | 32.48% |
| Max Drawdown | -95.67% | -83.13% |
| Current Drawdown | -70.09% | -4.89% |
Correlation
The correlation between INDL and QLD is 0.51, 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. QLD - Performance Comparison
In the year-to-date period, INDL achieves a 10.60% return, which is significantly lower than QLD's 14.84% return. Over the past 10 years, INDL has underperformed QLD with an annualized return of -2.28%, while QLD has yielded a comparatively higher 30.68% 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. QLD - Expense Ratio Comparison
INDL has a 1.33% expense ratio, which is higher than QLD's 0.95% expense ratio.
Risk-Adjusted Performance
INDL vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and ProShares Ultra QQQ (QLD). 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. QLD - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 1.53%, more than QLD's 0.36% 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% |
QLD ProShares Ultra QQQ | 0.36% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.24% | 0.11% | 0.19% | 0.13% |
Drawdowns
INDL vs. QLD - Drawdown Comparison
The maximum INDL drawdown since its inception was -95.67%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for INDL and QLD. For additional features, visit the drawdowns tool.
Volatility
INDL vs. QLD - Volatility Comparison
The current volatility for Direxion Daily India Bull 3x Shares (INDL) is 5.40%, while ProShares Ultra QQQ (QLD) has a volatility of 9.90%. This indicates that INDL experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.