MORT vs. INDL
MORT (VanEck Vectors Mortgage REIT Income ETF) and INDL (Direxion Daily India Bull 3x Shares) are both exchange-traded funds - MORT is a REIT fund tracking the MVIS Global Mortgage REITs Index, while INDL is a Leveraged Equities fund tracking the Indus India Index (300%). Both are passively managed. Over the past 10 years, MORT returned 2.54%/yr vs 1.30%/yr for INDL. At a 0.35 correlation, their price movements are largely independent. MORT charges 0.42%/yr vs 1.33%/yr for INDL.
Performance
MORT vs. INDL - Performance Comparison
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Returns By Period
In the year-to-date period, MORT achieves a -0.22% return, which is significantly higher than INDL's -19.34% return. Over the past 10 years, MORT has outperformed INDL with an annualized return of 2.54%, while INDL has yielded a comparatively lower 1.30% annualized return.
MORT
- 1D
- 0.20%
- 1M
- 1.10%
- YTD
- -0.22%
- 6M
- -1.08%
- 1Y
- 9.99%
- 3Y*
- 8.30%
- 5Y*
- -2.35%
- 10Y*
- 2.54%
INDL
- 1D
- 2.19%
- 1M
- 4.47%
- YTD
- -19.34%
- 6M
- -19.25%
- 1Y
- -24.48%
- 3Y*
- 1.79%
- 5Y*
- -0.79%
- 10Y*
- 1.30%
MORT vs. INDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Vectors Mortgage REIT Income ETF | -0.22% | 12.17% | 0.14% | 14.74% | -26.92% | 15.95% | -22.39% | 21.26% | -4.45% | 18.88% |
INDL Direxion Daily India Bull 3x Shares | -19.34% | -3.21% | 7.56% | 26.06% | -22.88% | 40.26% | -36.43% | 3.15% | -34.29% | 127.98% |
Correlation
The correlation between MORT and INDL is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
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
MORT vs. INDL — Risk / Return Rank
MORT
INDL
MORT vs. INDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Mortgage REIT Income ETF (MORT) and Direxion Daily India Bull 3x Shares (INDL). 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.
| MORT | INDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.88 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | -0.65 | +1.35 |
| Martin ratioReturn relative to average drawdown | 1.82 | -1.30 | +3.11 |
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Drawdowns
MORT vs. INDL - Drawdown Comparison
The maximum MORT drawdown since its inception was -70.13%, smaller than the maximum INDL drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for MORT and INDL.
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Drawdown Indicators
| MORT | INDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.13% | -95.67% | +25.54% |
Max Drawdown (1Y)Largest decline over 1 year | -14.27% | -37.82% | +23.55% |
Max Drawdown (3Y)Largest decline over 3 years | -21.98% | -47.64% | +25.66% |
Max Drawdown (5Y)Largest decline over 5 years | -42.48% | -47.64% | +5.16% |
Max Drawdown (10Y)Largest decline over 10 years | -70.13% | -91.96% | +21.83% |
Current DrawdownCurrent decline from peak | -21.79% | -77.29% | +55.50% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -66.38% | +51.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 18.92% | -13.42% |
Volatility
MORT vs. INDL - Volatility Comparison
The current volatility for VanEck Vectors Mortgage REIT Income ETF (MORT) is 4.80%, while Direxion Daily India Bull 3x Shares (INDL) has a volatility of 9.30%. This indicates that MORT experiences smaller price fluctuations and is considered to be less risky than INDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MORT | INDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 9.30% | -4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 26.12% | -12.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.83% | 30.07% | -13.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.69% | 30.73% | -7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.88% | 52.51% | -23.63% |
MORT vs. INDL - Expense Ratio Comparison
MORT has a 0.42% expense ratio, which is lower than INDL's 1.33% expense ratio.
Dividends
MORT vs. INDL - Dividend Comparison
MORT's dividend yield for the trailing twelve months is around 13.05%, more than INDL's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | 1.39% | 1.42% | 2.79% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% | 0.00% | 0.00% |
MORT VanEck Vectors Mortgage REIT Income ETF | 13.05% | 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
MORT and INDL have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDL has higher volatility (9.30%) compared to MORT (4.80%). In terms of maximum drawdown, MORT dropped -70.13% vs INDL's -95.67%.
On 10-year performance, MORT leads with 2.54% vs 1.30% for INDL. On fees, MORT is cheaper at 0.42% per year. On volatility, MORT has been the lower-risk option at 4.80%. 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 2.54% return vs 1.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MORT is cheaper with a 0.42% expense ratio, compared with 1.33% for INDL.
MORT has the higher dividend yield at 13.05%, compared with 1.39% for INDL.
MORT is categorized as REIT, while INDL is Leveraged Equities. MORT tracks MVIS Global Mortgage REITs Index, while INDL tracks Indus India Index (300%). They also come from different issuers: VanEck and Direxion. Their fees differ too: 0.42% for MORT and 1.33% for INDL.
MORT currently has the higher Sharpe Ratio (0.60 vs -0.82), 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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