Correlation
The correlation between ^XII and INDL is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
^XII vs. INDL
Compare and contrast key facts about NYSE Arca Institutional Index (^XII) and Direxion Daily India Bull 3x Shares (INDL).
INDL is a passively managed fund by Direxion that tracks the performance of the Indus India Index (300%). It was launched on Mar 11, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XII or INDL.
Performance
^XII vs. INDL - Performance Comparison
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Key characteristics
^XII:
0.66
INDL:
-0.11
^XII:
1.04
INDL:
-0.04
^XII:
1.15
INDL:
0.99
^XII:
0.69
INDL:
-0.08
^XII:
2.41
INDL:
-0.33
^XII:
5.98%
INDL:
18.91%
^XII:
22.23%
INDL:
32.97%
^XII:
-64.23%
INDL:
-95.67%
^XII:
-4.29%
INDL:
-69.97%
Returns By Period
In the year-to-date period, ^XII achieves a -0.21% return, which is significantly lower than INDL's 3.24% return. Over the past 10 years, ^XII has outperformed INDL with an annualized return of 12.65%, while INDL has yielded a comparatively lower -1.97% annualized return.
^XII
-0.21%
7.63%
0.36%
14.55%
15.71%
15.19%
12.65%
INDL
3.24%
3.11%
-4.27%
-3.48%
10.92%
29.70%
-1.97%
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Risk-Adjusted Performance
^XII vs. INDL — Risk-Adjusted Performance Rank
^XII
INDL
^XII vs. INDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Arca Institutional Index (^XII) 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.
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Drawdowns
^XII vs. INDL - Drawdown Comparison
The maximum ^XII drawdown since its inception was -64.23%, smaller than the maximum INDL drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for ^XII and INDL.
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Volatility
^XII vs. INDL - Volatility Comparison
The current volatility for NYSE Arca Institutional Index (^XII) is 5.21%, while Direxion Daily India Bull 3x Shares (INDL) has a volatility of 12.34%. This indicates that ^XII 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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