OILU vs. INDL
OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) and INDL (Direxion Daily India Bull 3x Shares) are both exchange-traded funds - OILU is a Leveraged Commodities fund managed by BMO, while INDL is a Leveraged Equities fund tracking the Indus India Index (300%). Over the past 3 years, OILU returned 2.53%/yr vs -2.09%/yr for INDL. At a 0.14 correlation, their price movements are largely independent. OILU charges 0.95%/yr vs 1.33%/yr for INDL.
Performance
OILU vs. INDL - Performance Comparison
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Returns By Period
In the year-to-date period, OILU achieves a 84.54% return, which is significantly higher than INDL's -22.56% return.
OILU
- 1D
- 2.86%
- 1M
- 27.28%
- 6M
- 58.40%
- YTD
- 84.54%
- 1Y
- 100.47%
- 3Y*
- 2.53%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.00%
INDL
- 1D
- 0.64%
- 1M
- -3.99%
- 6M
- -15.28%
- YTD
- -22.56%
- 1Y
- -27.00%
- 3Y*
- -2.09%
- 5Y*
- -1.52%
- 10Y*
- -1.44%
- ALL TIME*
- -6.89%
OILU vs. INDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 84.54% | -16.50% | -21.65% | -32.50% | 151.08% | -16.79% |
INDL Direxion Daily India Bull 3x Shares | -22.56% | -3.21% | 7.56% | 26.06% | -22.88% | -8.24% |
Correlation
The correlation between OILU and INDL is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.14 |
The correlation between OILU and INDL shifts across timeframes, from -0.19 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILU vs. INDL — Risk / Return Rank
OILU
INDL
OILU vs. INDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) 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.
| OILU | INDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +3.29 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.86 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | -0.78 | +2.95 |
| Martin ratioReturn relative to average drawdown | 5.47 | -1.56 | +7.03 |
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Drawdowns
OILU vs. INDL - Drawdown Comparison
The maximum OILU drawdown since its inception was -81.00%, smaller than the maximum INDL drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for OILU and INDL.
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Drawdown Indicators
| OILU | INDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.00% | -95.67% | +14.67% |
Max Drawdown (1Y)Largest decline over 1 year | -46.49% | -34.85% | -11.64% |
Max Drawdown (3Y)Largest decline over 3 years | -69.09% | -47.64% | -21.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -91.96% | — |
Current DrawdownCurrent decline from peak | -50.37% | -78.20% | +27.83% |
Average DrawdownAverage peak-to-trough decline | -50.70% | -66.43% | +15.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.45% | 17.42% | +1.03% |
Volatility
OILU vs. INDL - Volatility Comparison
MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a higher volatility of 17.88% compared to Direxion Daily India Bull 3x Shares (INDL) at 7.37%. This indicates that OILU's price experiences larger fluctuations and is considered to be riskier 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
| OILU | INDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.88% | 7.37% | +10.51% |
Volatility (6M)Calculated over the trailing 6-month period | 51.06% | 26.23% | +24.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.84% | 30.14% | +33.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.86% | 30.76% | +50.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.86% | 52.38% | +28.48% |
OILU vs. INDL - Expense Ratio Comparison
OILU has a 0.95% expense ratio, which is lower than INDL's 1.33% expense ratio.
Dividends
OILU vs. INDL - Dividend Comparison
OILU has not paid dividends to shareholders, while INDL's dividend yield for the trailing twelve months is around 1.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
INDL Direxion Daily India Bull 3x Shares | 1.45% | 1.42% | 2.79% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OILU and INDL have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILU has higher volatility (17.88%) compared to INDL (7.37%). In terms of maximum drawdown, OILU dropped -81.00% vs INDL's -95.67%.
On 3-year performance, OILU leads with 2.53% vs -2.09% for INDL. On fees, OILU is cheaper at 0.95% per year. On volatility, INDL has been the lower-risk option at 7.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OILU has performed better with a 2.53% return vs -2.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OILU is cheaper with a 0.95% expense ratio, compared with 1.33% for INDL.
INDL has the higher dividend yield at 1.45%, compared with 0.00% for OILU.
OILU is categorized as Leveraged Commodities, while INDL is Leveraged Equities. They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for OILU and 1.33% for INDL.
OILU currently has the higher Sharpe Ratio (1.59 vs -0.90), 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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