INDL vs. TYD
INDL (Direxion Daily India Bull 3x Shares) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - INDL is a Leveraged Equities fund tracking the Indus India Index (300%), while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, INDL returned 0.22%/yr vs -5.12%/yr for TYD. At a correlation of -0.11, they often move in opposite directions. INDL charges 1.33%/yr vs 1.09%/yr for TYD.
Performance
INDL vs. TYD - 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 TYD's -5.80% return. Over the past 10 years, INDL has outperformed TYD with an annualized return of 0.22%, while TYD has yielded a comparatively lower -5.12% 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%
TYD
- 1D
- -0.33%
- 1M
- 2.41%
- YTD
- -5.80%
- 6M
- -5.59%
- 1Y
- 0.17%
- 3Y*
- -3.95%
- 5Y*
- -13.19%
- 10Y*
- -5.12%
INDL vs. TYD - 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% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -5.80% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
Correlation
The correlation between INDL and TYD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | -0.11 |
The correlation between INDL and TYD shifts across timeframes, from -0.11 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
INDL vs. TYD — Risk / Return Rank
INDL
TYD
INDL vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). 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 | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.00 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.08 | -0.67 |
| Martin ratioReturn relative to average drawdown | -1.55 | -0.20 | -1.35 |
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Drawdowns
INDL vs. TYD - Drawdown Comparison
The maximum INDL drawdown since its inception was -95.67%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for INDL and TYD.
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Drawdown Indicators
| INDL | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.67% | -64.28% | -31.39% |
Max Drawdown (1Y)Largest decline over 1 year | -37.82% | -13.54% | -24.28% |
Max Drawdown (3Y)Largest decline over 3 years | -47.64% | -24.62% | -23.02% |
Max Drawdown (5Y)Largest decline over 5 years | -47.64% | -59.84% | +12.20% |
Max Drawdown (10Y)Largest decline over 10 years | -91.96% | -64.28% | -27.68% |
Current DrawdownCurrent decline from peak | -78.43% | -59.06% | -19.37% |
Average DrawdownAverage peak-to-trough decline | -66.36% | -22.00% | -44.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.35% | 5.30% | +13.05% |
Volatility
INDL vs. TYD - Volatility Comparison
Direxion Daily India Bull 3x Shares (INDL) has a higher volatility of 8.12% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 4.49%. This indicates that INDL's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDL | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 4.49% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 25.59% | 9.76% | +15.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.71% | 13.86% | +15.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.62% | 22.97% | +7.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.69% | 20.36% | +32.33% |
INDL vs. TYD - Expense Ratio Comparison
INDL has a 1.33% expense ratio, which is higher than TYD's 1.09% expense ratio.
Dividends
INDL vs. TYD - Dividend Comparison
INDL's dividend yield for the trailing twelve months is around 1.64%, less than TYD's 3.22% 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% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.22% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Frequently Asked Questions
INDL and TYD have a correlation of 0.26, 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 TYD (4.49%). In terms of maximum drawdown, INDL dropped -95.67% vs TYD's -64.28%.
On 10-year performance, INDL leads with 0.22% vs -5.12% for TYD. On fees, TYD is cheaper at 1.09% per year. On volatility, TYD has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, INDL has performed better with a 0.22% return vs -5.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TYD is cheaper with a 1.09% expense ratio, compared with 1.33% for INDL.
TYD has the higher dividend yield at 3.22%, compared with 1.64% for INDL.
INDL is categorized as Leveraged Equities, while TYD is Leveraged Bonds. INDL tracks Indus India Index (300%), while TYD tracks NYSE 7-10 Year Treasury Bond Index. Their fees differ too: 1.33% for INDL and 1.09% for TYD.
TYD currently has the higher Sharpe Ratio (-0.08 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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