INDL vs IVV
Direxion Daily MSCI India Bull 2X ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | INDL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.23% | 0.03% | |
| AUM | $57M | $907.0B | |
| Dividend Yield | 1.39% | 1.10% | |
| Holdings | 8 | 508 | |
| YTD Return | -21.03% | +14.29% | |
| 1Y Return | -16.97% | +21.79% | |
| 3Y Return (annualized) | +1.16% | +22.19% | |
| 5Y Return (annualized) | -2.48% | +13.28% | |
| Volatility (annualized) | 53.3% | 15.1% | |
| Max Drawdown | -95.8% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 11, 2010 | May 15, 2000 |
INDL vs IVV Performance
Direxion Daily MSCI India Bull 2X ETF (INDL) is a ETF from Direxion Shares ETF Trust and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year INDL returned -16.97% while IVV returned +21.79%. Year to date, INDL is down 21.03% versus a gain of 14.29% for IVV.
Over three years, INDL compounded at +1.16% per year against +22.19% for IVV; over five years the annualized figures are -2.48% and +13.28% respectively. Across the full 16-year window we track, IVV has the edge at +7.06% annualized vs -6.75%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
INDL has been the more volatile fund, with annualized monthly volatility of 53.3% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -95.8% for INDL and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
INDL charges 1.23% per year while IVV charges 0.03%. On a $10,000 position that is $123 vs $3 annually, a gap of $120 per year that compounds over a long holding period. On income, INDL currently yields 1.39% against 1.10% for IVV.
Holdings Overlap
INDL and IVV share 0 holdings out of 509 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, INDL or IVV?
INDL has an expense ratio of 1.23% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $120 per year of difference.
Which performed better, INDL or IVV?
Over the past year INDL returned -16.97% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (16 years), INDL annualized -6.75% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, INDL or IVV?
INDL has been the more volatile fund at 53.3% annualized versus 15.1% for IVV. Worst drawdown: INDL -95.8% vs IVV -56.5%.
Should I hold both INDL and IVV?
INDL and IVV have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between INDL and IVV?
INDL and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, INDL or IVV?
INDL yields 1.39% while IVV yields 1.10%, so INDL currently pays the higher dividend yield.
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