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DUSL

GradeCNew York Stock Exchange Arca

Direxion Daily Industrials Bull 3X ETF

Leveraged · Leveraged & Inverse · Direxion · Inception 2017-05-03 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$79.37+0.33 (+0.42%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: up, 59 prints from 79.04 to 79.37. Range 78.23 to 79.77. Use the arrow keys to read each point.$78.50$79.0010 AM12 PM2 PM4 PM
Expense ratio
0.98%
Fund size
$42M
1Y return
+18.3%
Yield · Last 12 months
9.65%
Holdings
85
Volume · 30D
0M sh
NAV per share
$76.57
52W range
low $64.94high $106.88

The ETF.net DUSL Grade

C

49/ 100

Rank 17 of 31 in 3x Leveraged Long

Confidence Low

Six-pillar profile for DUSL. Scores out of 100: Cost 55, Risk 68, Mission not scored, Tradability 24, Holdings not scored, Durability 34. Strongest: Risk (68). Weakest: Tradability (24). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 49 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 55
    Category rank14/31 · top 45%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 68
    Category rank3/30 · top 10%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 24
    Category rank26/31 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 34
    Category rank24/31 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on DUSL

ETF.net Research

CLeverage usually points at tech or banks. DUSL points it at the machine floor: planes, rails, machinery and defense, geared to 3x the daily move of the Industrials Select Sector Index and reset every day.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Industrials Select Sector Index.

Why people hold it

  1. 01Fee is 0.98% a year, on the lower side of the 3x bull group, where the typical fund charges more.
  2. 02One lever, one job: 3x the daily move of the Industrials Select Sector Index, roughly 80 US industrial names. No stock picking, no side bets.direxion.com
  3. 03Running since 2017 under Direxion's leveraged lineup, and one of the stronger builds in its 3x bull peer group.

Worth knowing

  1. 01The 3x target resets daily. Hold past a day and compounding takes over, so multi-day results can land well away from 3x the index move, either direction.
  2. 02Trades lightly next to headline 3x names like FAS and UDOW, which can mean wider spreads on the way in and out.
  3. 03One sector, tripled. A routine day for rails, airlines and heavy equipment shows up here three times as loud.

DUSL Holdings

As of Sep 22, 2026, 10:02 PM
Asset class
Stocks
Holdings
85
Top-10 weight
82%
Largest holding
IXI SWAP ASSET LEG (IXIBCL)20.6%

Sectors

  • Industrials92.8%
  • Technology6.7%
  • Materials0.3%
  • Consumer Discr.0.2%

Geography

  • United States93.06%
  • Ireland6.77%
  • United Kingdom0.17%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IXI SWAP ASSET LEG (IXIBCL)20.63%17,071$29M1
002IXI SWAP ASSET LEG (IXIUBL)18.36%15,199$26M1
003IXI SWAP ASSET LEG (IXIJPL)13.52%11,189$19M1
004IXI SWAP ASSET LEG (IXICTL)11.01%9,112$16M1
005IXI SWAP ASSET LEG (IXIMLL)6.49%5,375$9M1
006DREYFUS GOVT CASH MAN INS4.85%6,883,335$7M108
007GOLDMAN FINL SQ TRSRY INST 5063.19%4,529,435$5M100
008CATCATERPILLAR INC1.47%2,551$2M448
009GEGENERAL ELECTRIC1.29%5,759$2M404
010RTXRTX CORP1.02%7,480$1M390
011GEVGE VERNOVA INC0.99%1,478$1M473
012GOLDMAN SACHS FIN GOV 465 INSTITUT0.82%1,170,505$1M75
013DEDEERE & CO0.67%1,393$954K348
014ETNEATON CORP PLC0.66%2,156$939K259
015UNPUNION PACIFIC CORP0.63%3,297$889K401

Showing 1–15 of 91 holdings

DUSL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DUSL$11,829
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DUSL $11,829. SPY $11,723. Use the arrow keys to read each point.$8,581$12,429$16,277Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DUSL. Periods over one year show the average yearly return.
PeriodDUSL
Year to date+17.1%
1 month−16.1%
3 months−20.7%
1 year+18.3%
3 years+43.2%per year
5 years+19.5%per year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DUSL
YearReturn barDUSL
2026 YTD+17.1%
2025+36.7%
2024+34.9%
2023+37.2%
2022−31.2%
2021+60.7%
2020−20.1%

DUSL in the news

ETF.net Research hasn’t filed on DUSL yet — coverage lands here as it’s written.

DUSL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
9.65%Last 12 months
Payout per share
$7.61Last 12 months
Last payment
$0.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 35 payments from 2017 to 2026 YTD. Dec 13, 2017 $0.09; Jun 19, 2018 $0.07; Sep 25, 2018 $0.07; Dec 27, 2018 $0.14; Mar 19, 2019 $0.09; Jun 25, 2019 $0.10; Sep 24, 2019 $0.11; Dec 23, 2019 $0.08; Mar 24, 2020 $0.06; Jun 23, 2020 $0.0042; Sep 22, 2020 $0.01; Dec 22, 2020 $0.02; Mar 23, 2021 $0.0062; Jun 22, 2021 $0.0073; Dec 21, 2021 $0.02; Mar 22, 2022 $0.0031; Jun 22, 2022 $0.02; Sep 20, 2022 $0.08; Dec 20, 2022 $0.11; Mar 21, 2023 $0.10; Jun 21, 2023 $0.15; Sep 19, 2023 $0.14; Dec 21, 2023 $0.16; Mar 19, 2024 $0.14; Jun 25, 2024 $0.11; Sep 24, 2024 $0.08; Dec 12, 2024 $3.22; Dec 23, 2024 $0.08; Mar 25, 2025 $0.06; Jun 24, 2025 $0.21; Sep 23, 2025 $0.11; Dec 10, 2025 $7.27; Dec 23, 2025 $0.04; Mar 24, 2026 $0.10; Jun 23, 2026 $0.09. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 23, 2026Jun 30, 2026$0.09
Mar 24, 2026Mar 31, 2026$0.10
Dec 23, 2025Dec 31, 2025$0.04
Dec 10, 2025Dec 17, 2025$7.27
Sep 23, 2025Sep 30, 2025$0.11
Jun 24, 2025Jul 1, 2025$0.21
Mar 25, 2025Apr 1, 2025$0.06
Dec 23, 2024Dec 31, 2024$0.08
Dec 12, 2024Dec 19, 2024$3.22
Sep 24, 2024Oct 1, 2024$0.08
Jun 25, 2024Jul 2, 2024$0.11
Mar 19, 2024Mar 26, 2024$0.14

DUSL Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
49.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.81
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−58.4%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.77
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DUSL Cost

Expense ratio0.98%
  • The middle half of 3x Leveraged Long funds
  • Median 0.98%

12 of the 30 3x Leveraged Long funds charge less.

DUSL costs $98.00 a year on $10,000. The median 3x Leveraged Long fund costs $98.50.