MORT vs. INDL
MORT (VanEck 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 US 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 1.76%/yr vs -1.66%/yr for INDL. Their 0.35 correlation means their historical movements had little consistent relationship. MORT charges 0.43%/yr vs 1.33%/yr for INDL.
Performance
MORT vs. INDL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MORT achieves a 0.24% return, which is significantly higher than INDL's -18.31% return. Over the past 10 years, MORT has outperformed INDL with an annualized return of 1.76%, while INDL has yielded a comparatively lower -1.66% annualized return.
MORT
- 1D
- 0.83%
- 1M
- -1.61%
- 6M
- -1.81%
- YTD
- 0.24%
- 1Y
- 7.47%
- 3Y*
- 5.65%
- 5Y*
- -0.99%
- 10Y*
- 1.76%
- ALL TIME*
- 4.07%
INDL
- 1D
- 1.05%
- 1M
- 1.70%
- 6M
- -15.41%
- YTD
- -18.31%
- 1Y
- -16.73%
- 3Y*
- 0.31%
- 5Y*
- -1.53%
- 10Y*
- -1.66%
- ALL TIME*
- -6.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $756.04K | $752.34K | $813.97K | |
| $11.29M | $14.10M | $10.03M |
MORT vs. INDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MORT VanEck Mortgage REIT Income ETF | 0.24% | 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 | -18.31% | -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 historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2011 | 0.35 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 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 | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.93 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | -0.48 | +1.01 |
| Martin ratioReturn relative to average drawdown | 1.27 | -0.95 | +2.21 |
Loading charts...
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.
Loading charts...
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% | -34.84% | +20.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -47.64% | +27.71% |
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 | -21.42% | -77.00% | +55.58% |
Average DrawdownAverage peak-to-trough decline | -15.37% | -66.45% | +51.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.90% | 17.70% | -11.80% |
Volatility
MORT vs. INDL - Volatility Comparison
The current volatility for VanEck Mortgage REIT Income ETF (MORT) is 5.04%, while Direxion Daily India Bull 3x Shares (INDL) has a volatility of 8.21%. 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.
Loading charts...
Volatility by Period
| MORT | INDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 8.21% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 26.49% | -14.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 30.51% | -13.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.59% | 30.78% | -7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 52.40% | -23.51% |
MORT vs. INDL - Expense Ratio Comparison
MORT has a 0.43% 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 15.23%, more than INDL's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | 1.37% | 1.42% | 2.79% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% | 0.00% | 0.00% |
MORT VanEck Mortgage REIT Income ETF | 15.23% | 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 (8.21%) compared to MORT (5.04%). In terms of maximum drawdown, MORT dropped -70.13% vs INDL's -95.67%.
On 10-year performance, MORT leads with 1.76% vs -1.66% for INDL. On fees, MORT is cheaper at 0.43% per year. On volatility, MORT has been the lower-risk option at 5.04%. 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 1.76% return vs -1.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MORT is cheaper with a 0.43% expense ratio, compared with 1.33% for INDL.
MORT has the higher dividend yield at 15.23%, compared with 1.37% for INDL.
MORT is categorized as REIT, while INDL is Leveraged Equities. MORT tracks MVIS US Mortgage REITs Index, while INDL tracks Indus India Index (300%). They also come from different issuers: VanEck and Direxion. Their fees differ too: 0.43% for MORT and 1.33% for INDL.
MORT currently has the higher Sharpe Ratio (0.44 vs -0.55), 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.
Find the right allocation for MORT and INDL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer