SPXL vs INDA
Comparison between DIREXION DAILY S&P 500(R) BULL 3X SHARES (SPXL, ETF) and ISHARES MSCI INDIA ETF (INDA, ETF).
5-Year PerformanceSPXL has outperformed INDA, delivering a return of +20.7% compared to +3.7%
SPXL vs INDA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SPXL vs INDA - Historical Returns
Returns include dividend reinvestment.
SPXL vs INDA - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | SPXL | INDA |
|---|---|---|
| 2026 | +16.52% | -9.04% |
| 2025 | +33.02% | +1.22% |
| 2024 | +66.58% | +8.95% |
| 2023 | +71.53% | +16.71% |
| 2022 | -57.31% | -10.39% |
| 2021 | +107.32% | +21.22% |
| 2020 | +6.68% | +13.44% |
| 2019 | +102.65% | +7.78% |
| 2018 | -26.55% | -6.87% |
| 2017 | +67.50% | +35.47% |
| 2016 | +35.96% | +0.48% |
| 2015 | -5.43% | -8.46% |
| 2014 | +41.39% | +27.77% |
| 2013 | +102.91% | -6.75% |
| 2012 | +37.95% | -1.36% |
| 2011 | -17.26% | N/A |
| 2010 | +32.94% | N/A |
| 2009 | +50.59% | N/A |
| 2008 | -28.52% | N/A |
SPXL vs INDA Drawdown Comparison
The maximum drawdown for SPXL was -76.86%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
The maximum drawdown for INDA was -45.08%, occurring on Mar 23, 2020. Recovery took 720 trading sessions.
The current SPXL drawdown is -10.55%. The current INDA drawdown is -15.55%.
| Rank | SPXL | INDA |
|---|---|---|
| #1 | -76.86% Feb 19, 2020 - Jan 8, 2021 | -45.08% Jan 23, 2018 - Dec 1, 2020 |
| #2 | -71.32% Nov 5, 2008 - Sep 15, 2009 | -29.62% Feb 1, 2013 - May 12, 2014 |
| #3 | -63.80% Jan 3, 2022 - Jun 12, 2024 | -28.72% Mar 3, 2015 - Jun 2, 2017 |
| #4 | -53.81% Apr 29, 2011 - Sep 13, 2012 | -26.46% Feb 21, 2012 - Jan 18, 2013 |
| #5 | -50.17% Sep 20, 2018 - Jul 12, 2019 | -22.72% Sep 26, 2024 - Mar 30, 2026 |
| #6 | -48.95% Dec 6, 2024 - Jul 25, 2025 | -21.57% Jan 12, 2022 - Dec 18, 2023 |
| #7 | -43.44% Apr 23, 2010 - Dec 10, 2010 | -11.64% Nov 21, 2014 - Jan 20, 2015 |
| #8 | -39.56% May 21, 2015 - Jul 20, 2016 | -9.73% Mar 11, 2021 - May 26, 2021 |
| #9 | -29.48% Jan 26, 2018 - Sep 20, 2018 | -8.56% Nov 12, 2021 - Jan 11, 2022 |
| #10 | -26.77% Jan 12, 2026 - Apr 17, 2026 | -7.29% Aug 4, 2017 - Oct 27, 2017 |
| #11 | -24.36% Jul 16, 2024 - Sep 26, 2024 | -7.23% Sep 5, 2014 - Nov 18, 2014 |
| #12 | -22.79% Jan 19, 2010 - Mar 11, 2010 | -6.79% Jan 20, 2021 - Feb 3, 2021 |
| #13 | -21.42% Sep 14, 2012 - Jan 10, 2013 | -6.09% Jun 3, 2024 - Jun 14, 2024 |
| #14 | -21.05% Sep 18, 2014 - Nov 3, 2014 | -5.48% Nov 6, 2017 - Dec 20, 2017 |
| #15 | -17.96% Jul 26, 2019 - Nov 1, 2019 | -4.92% Aug 12, 2014 - Sep 5, 2014 |
Correlation
Correlation between SPXL and INDA is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2008 - 2026)
SPXL vs INDA dividend yield comparison.
| Year | SPXL | INDA |
|---|---|---|
| 2026 | 0.38% | 0.00% |
| 2025 | 0.69% | 0.00% |
| 2024 | 0.74% | 0.76% |
| 2023 | 0.98% | 0.16% |
| 2022 | 0.32% | 0.00% |
| 2021 | 0.11% | 6.44% |
| 2020 | 0.22% | 0.27% |
| 2019 | 0.84% | 0.99% |
| 2018 | 1.02% | 0.94% |
| 2017 | 3.88% | 1.09% |
| 2016 | 0.00% | 0.90% |
| 2015 | 0.00% | 1.19% |
| 2014 | 0.00% | 0.63% |
| 2013 | 0.00% | 0.61% |
| 2012 | 0.00% | 0.41% |
| 2010 | 2.17% | 0.00% |
| 2009 | 13.15% | 0.00% |
| 2008 | 0.18% | 0.00% |
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