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ETFs

Direxion Daily MSCI India Bull 2X Shares

INDL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 11 2010
Expense Ratio
1.17%
Type
Global Ex. US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$689,451
AUM
$50,079,601
Associated Index
MSCI India Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

INDA
BlackRock Institutional Trust Company N.A. - iShares MSCI India ETF
18.11%
n/a
DREYFUS GOVT CASH MGMT
8.26%
n/a
GOLDMAN FINL SQ TRSRY INST 506
5.28%
n/a
GOLDMAN FINL SQ TRSRY INS
3.45%
n/a
GOLDMAN FS GOVT INST
3.37%
n/a
DREYFUS GOVT CASH MGMT
2.23%
n/a
GOLDMAN FS GOVT INST
2.13%
n/a
DREYFUS GOVT CASH MGMT
0.53%
n/a
DREYFUS GOVT CASH MGMT
0.00%
n/a
GOLDMAN FINL SQ TRSRY INS
0.00%
Invest with INDL

What is INDL?

The Direxion Daily MSCI India Bull 2x Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI India Index. There is no guarantee this fund will meet its stated investment objective. The MSCI India Index is provided by MSCI Inc. and is designed to measure the performance of the large- and mid-capitalization equity securities of the Indian market. Securities are selected based on the MSCI Global Investable Indexes Methodology as defined by the Index Provider. All component securities in the Index are classified per the Global Industry Classification Standard (GICS).

ETFs related toINDL

ETFs correlated to INDL include INDA, INDY, EPI

INDL
Direxion Shares ETF Trust - Direxion Daily MSCI India Bull 3x Shares
INDA
BlackRock Institutional Trust Company N.A. - iShares MSCI India ETF
INDY
BlackRock Institutional Trust Company N.A. - iShares India 50 ETF
EPI
WisdomTree Trust - WisdomTree India Earnings Fund
SMIN
BlackRock Institutional Trust Company N.A. - iShares MSCI India Small-Cap ETF
EMXC
BlackRock Institutional Trust Company N.A. - IShares MSCI Emerging Markets ex China ETF
EEMS
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets Small-Cap ETF
CGXU
Capital Group Companies Inc - Capital Group International Focus Equity ETF
XCEM
Columbia ETF Trust II - Columbia EM Core ex-China ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toINDL

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with INDL using Composer

FAQ

INDL is a Global Ex. US Equities ETF. The Direxion Daily MSCI India Bull 2x Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI India Index. There is no guarantee this fund will meet its stated investment objective. The MSCI India Index is provided by MSCI Inc. and is designed to measure the performance of the large- and mid-capitalization equity securities of the Indian market. Securities are selected based on the MSCI Global Investable Indexes Methodology as defined by the Index Provider. All component securities in the Index are classified per the Global Industry Classification Standard (GICS).

INDL tracks the MSCI India Index.

No, INDL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, INDL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on INDL is -0.0516%. This is the percent change in the value of INDL over the most recent 1-month period. The 3-month return on INDL is -0.1822%. This is the percent change in the value of INDL over the most recent 3-month period.

The standard deviation of INDL for the past year is 0.343%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to INDL include TZA, TNA, and PSQ.

ETFs correlated to INDL include INDA, INDY, and EPI.

ETFs that are inversely correlated to INDL include EFZ, EPV, and SPDN.

Yes, INDL is a Leveraged (2x) ETF: This means that INDL will try to match the performance of MSCI India Index, but with 2x the returns.

Yes, INDL is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of MSCI India Index, but move 2x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.