INDA vs SPXL
Comparison between ISHARES MSCI INDIA ETF (INDA, ETF) and DIREXION DAILY S&P 500(R) BULL 3X SHARES (SPXL, ETF).
5-Year PerformanceSPXL has outperformed INDA, delivering a return of +21.2% compared to +3.4%
INDA vs SPXL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
INDA vs SPXL - Historical Returns
Returns include dividend reinvestment.
INDA vs SPXL - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | INDA | SPXL |
|---|---|---|
| 2026 | -10.76% | +24.28% |
| 2025 | +1.22% | +33.02% |
| 2024 | +8.95% | +66.58% |
| 2023 | +16.71% | +71.53% |
| 2022 | -10.39% | -57.31% |
| 2021 | +21.22% | +107.32% |
| 2020 | +13.44% | +6.68% |
| 2019 | +7.78% | +102.65% |
| 2018 | -6.87% | -26.55% |
| 2017 | +35.47% | +67.50% |
| 2016 | +0.48% | +35.96% |
| 2015 | -8.46% | -5.43% |
| 2014 | +27.77% | +41.39% |
| 2013 | -6.75% | +102.91% |
| 2012 | -1.36% | +37.95% |
| 2011 | N/A | -17.26% |
| 2010 | N/A | +32.94% |
| 2009 | N/A | +50.59% |
| 2008 | N/A | -28.52% |
INDA vs SPXL Drawdown Comparison
The maximum drawdown for INDA was -45.08%, occurring on Mar 23, 2020. Recovery took 720 trading sessions.
The maximum drawdown for SPXL was -76.86%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
The current INDA drawdown is -17.15%. The current SPXL drawdown is -4.59%.
| Rank | INDA | SPXL |
|---|---|---|
| #1 | -45.08% Jan 23, 2018 - Dec 1, 2020 | -76.86% Feb 19, 2020 - Jan 8, 2021 |
| #2 | -29.62% Feb 1, 2013 - May 12, 2014 | -71.32% Nov 5, 2008 - Sep 15, 2009 |
| #3 | -28.72% Mar 3, 2015 - Jun 2, 2017 | -63.80% Jan 3, 2022 - Jun 12, 2024 |
| #4 | -26.46% Feb 21, 2012 - Jan 18, 2013 | -53.81% Apr 29, 2011 - Sep 13, 2012 |
| #5 | -22.72% Sep 26, 2024 - Mar 30, 2026 | -50.17% Sep 20, 2018 - Jul 12, 2019 |
| #6 | -21.57% Jan 12, 2022 - Dec 18, 2023 | -48.95% Dec 6, 2024 - Jul 25, 2025 |
| #7 | -11.64% Nov 21, 2014 - Jan 20, 2015 | -43.44% Apr 23, 2010 - Dec 10, 2010 |
| #8 | -9.73% Mar 11, 2021 - May 26, 2021 | -39.56% May 21, 2015 - Jul 20, 2016 |
| #9 | -8.56% Nov 12, 2021 - Jan 11, 2022 | -29.48% Jan 26, 2018 - Sep 20, 2018 |
| #10 | -7.29% Aug 4, 2017 - Oct 27, 2017 | -26.77% Jan 12, 2026 - Apr 17, 2026 |
| #11 | -7.23% Sep 5, 2014 - Nov 18, 2014 | -24.36% Jul 16, 2024 - Sep 26, 2024 |
| #12 | -6.79% Jan 20, 2021 - Feb 3, 2021 | -22.79% Jan 19, 2010 - Mar 11, 2010 |
| #13 | -6.09% Jun 3, 2024 - Jun 14, 2024 | -21.42% Sep 14, 2012 - Jan 10, 2013 |
| #14 | -5.48% Nov 6, 2017 - Dec 20, 2017 | -21.05% Sep 18, 2014 - Nov 3, 2014 |
| #15 | -4.92% Aug 12, 2014 - Sep 5, 2014 | -17.96% Jul 26, 2019 - Nov 1, 2019 |
Correlation
Correlation between INDA and SPXL is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2008 - 2026)
INDA vs SPXL dividend yield comparison.
| Year | INDA | SPXL |
|---|---|---|
| 2026 | 0.00% | 0.35% |
| 2025 | 0.00% | 0.69% |
| 2024 | 0.76% | 0.74% |
| 2023 | 0.16% | 0.98% |
| 2022 | 0.00% | 0.32% |
| 2021 | 6.44% | 0.11% |
| 2020 | 0.27% | 0.22% |
| 2019 | 0.99% | 0.84% |
| 2018 | 0.94% | 1.02% |
| 2017 | 1.09% | 3.88% |
| 2016 | 0.90% | 0.00% |
| 2015 | 1.19% | 0.00% |
| 2014 | 0.63% | 0.00% |
| 2013 | 0.61% | 0.00% |
| 2012 | 0.41% | 0.00% |
| 2010 | 0.00% | 2.17% |
| 2009 | 0.00% | 13.15% |
| 2008 | 0.00% | 0.18% |
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