NFLT vs. INDL
NFLT (Virtus Newfleet Multi-Sector Bond ETF) and INDL (Direxion Daily India Bull 3x Shares) are both exchange-traded funds - NFLT is a Multisector Bonds fund actively managed by Virtus, while INDL is a Leveraged Equities fund tracking the Indus India Index (300%). NFLT is actively managed, while INDL is passively managed. Over the past 10 years, NFLT returned 4.09%/yr vs 0.22%/yr for INDL. At a 0.13 correlation, their price movements are largely independent. NFLT charges 0.50%/yr vs 1.33%/yr for INDL.
Performance
NFLT vs. INDL - Performance Comparison
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Returns By Period
In the year-to-date period, NFLT achieves a 1.75% return, which is significantly higher than INDL's -23.37% return. Over the past 10 years, NFLT has outperformed INDL with an annualized return of 4.09%, while INDL has yielded a comparatively lower 0.22% annualized return.
NFLT
- 1D
- -0.65%
- 1M
- 0.82%
- YTD
- 1.75%
- 6M
- 2.23%
- 1Y
- 7.42%
- 3Y*
- 7.50%
- 5Y*
- 3.13%
- 10Y*
- 4.09%
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%
NFLT vs. INDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 1.75% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 10.13% | -2.68% | 6.30% |
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% |
Correlation
The correlation between NFLT and INDL is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2015 | 0.13 |
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Return for Risk
NFLT vs. INDL — Risk / Return Rank
NFLT
INDL
NFLT vs. INDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) 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.
| NFLT | INDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.84 | ||
| Sortino ratioReturn per unit of downside risk | +4.16 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.85 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | -0.75 | +4.01 |
| Martin ratioReturn relative to average drawdown | 14.29 | -1.55 | +15.84 |
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Drawdowns
NFLT vs. INDL - Drawdown Comparison
The maximum NFLT drawdown since its inception was -15.17%, smaller than the maximum INDL drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for NFLT and INDL.
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Drawdown Indicators
| NFLT | INDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.17% | -95.67% | +80.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -37.82% | +35.40% |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | -47.64% | +44.40% |
Max Drawdown (5Y)Largest decline over 5 years | -13.42% | -47.64% | +34.22% |
Max Drawdown (10Y)Largest decline over 10 years | -15.17% | -91.96% | +76.79% |
Current DrawdownCurrent decline from peak | -0.65% | -78.43% | +77.78% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -66.36% | +64.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 18.35% | -17.80% |
Volatility
NFLT vs. INDL - Volatility Comparison
The current volatility for Virtus Newfleet Multi-Sector Bond ETF (NFLT) is 1.64%, while Direxion Daily India Bull 3x Shares (INDL) has a volatility of 8.12%. This indicates that NFLT 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
| NFLT | INDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 8.12% | -6.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 25.59% | -22.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 29.71% | -25.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 30.62% | -26.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.95% | 52.69% | -47.74% |
NFLT vs. INDL - Expense Ratio Comparison
NFLT has a 0.50% expense ratio, which is lower than INDL's 1.33% expense ratio.
Dividends
NFLT vs. INDL - Dividend Comparison
NFLT's dividend yield for the trailing twelve months is around 5.48%, more than INDL's 1.64% 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% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.48% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
Frequently Asked Questions
NFLT and INDL have a correlation of 0.20, 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 NFLT (1.64%). In terms of maximum drawdown, NFLT dropped -15.17% vs INDL's -95.67%.
On 10-year performance, NFLT leads with 4.09% vs 0.22% for INDL. On fees, NFLT is cheaper at 0.50% per year. On volatility, NFLT has been the lower-risk option at 1.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, NFLT has performed better with a 4.09% return vs 0.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFLT is cheaper with a 0.50% expense ratio, compared with 1.33% for INDL.
NFLT has the higher dividend yield at 5.48%, compared with 1.64% for INDL.
NFLT is categorized as Multisector Bonds, while INDL is Leveraged Equities. They also come from different issuers: Virtus and Direxion. Their fees differ too: 0.50% for NFLT and 1.33% for INDL.
NFLT currently has the higher Sharpe Ratio (1.88 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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