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Launched · SEC filings

Direxion Daily Industrials Bull 3X ETF

DUSLNYSE ArcaDirexionCThis 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.

$66.73−9.30 (−12.23%)

At close: Nov 5, 2026, 4:00 PM ET

C46/ 100

Rank 15 of 31 in 3x Leveraged Long

C46/100Rank 15 of 31in3x Leveraged Long
Intraday session: down, 78 prints from 76.03 to 66.73. Range 66.44 to 74.78. Use the arrow keys to read each point.68.0070.0072.0074.0010 AM12 PM2 PM4 PM
Expense ratio
0.97%*
Fund size
$40M
1Y total return
+17.0%
Yield · Last 12 months
9.88%
Holdings
91
Avg volume · 30D
13.3K sh
52W range
low $64.94high $106.88
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 0.98%.

The ETF.net DUSL Grade

Based on 4 of 6 pillars

C

Score 46 out of 100

Category
3x Leveraged Long⁠
Rank
15 of 31
Six-pillar profile for DUSL. Scores out of 100: Cost 38, Risk 73, Mission not scored, Tradability 41, Holdings not scored, Durability 33. Strongest: Risk (73). Weakest: Durability (33). Based on 4 of 6 pillars.

Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D38 out of 100
    Rank 17 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A73 out of 100
    Rank 3 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 19 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D33 out of 100
    Rank 24 of 31

Our read on DUSL

ETF.net Research

In short

CTriple-leveraged exposure to the least glamorous corner of the market. DUSL aims to deliver 3x the daily move of the Industrials Select Sector Index, and it resets that target every day. Running since 2017.

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

  • One job: 300% of the Industrials Select Sector Index's daily return, before fees and expenses. Direxion has run it since 2017, so the mechanics are well seasoned.direxion.com
  • Leverage spread across roughly 80 industrial companies, so no single name runs the day, though the whole basket moves at 3x.
  • At 0.97% net of a waiver through September 1, 2027 (0.98% gross), the fee sits near the category median for 3x funds.

Worth knowing

  • The 3x target resets daily. Hold longer and compounding takes over: choppy stretches can leave you short of 3x the index's move over that span.
  • One of the smaller, less-traded funds in the 3x lineup, which can mean wider bid-ask spreads than the headline leveraged names.
  • Cheaper 3x options exist here: SOXL at 0.75% and TQQQ at 0.78%, each net of waivers (SOXL through September 1, 2027; TQQQ through September 30, 2027).

DUSL Holdings

Asset class
Stocks
Holdings
91
Top-10 weight
81%
Largest holding
Ixi Swap Asset Leg (Ixibcl)20.7%

Sectors

  • Industrials93.4%
  • Technology6.1%
  • Materials0.3%
  • Consumer Discretionary0.2%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataIxi Swap Asset Leg (Ixibcl)20.74%17,071$29.5M1
2No dataIxi Swap Asset Leg (Ixiubl)18.47%15,199$26.3M1
3No dataIxi Swap Asset Leg (Ixijpl)13.59%11,189$19.3M1
4No dataIxi Swap Asset Leg (Ixictl)10.82%8,903$15.4M1
5No dataIxi Swap Asset Leg (Iximll)6.53%5,375$9.29M1
6No dataDreyfus Govt Cash Man Ins4.59%6,523,575$6.52M106
7No dataGoldman Finl Sq Trsry Inst 5063.20%4,546,313$4.55M96
8GEGeneral Electric1.30%5,759$1.85M407
9CATCaterpillar Inc1.12%2,551$1.59M451
10RTXRtx Corp1.07%7,480$1.52M414
11GEVGe Vernova Inc0.95%1,478$1.36M486
12No dataGoldman Sachs Fin Gov 465 Institut0.83%1,174,279$1.17M82
13UNPUnion Pacific Corp0.70%3,297$1M417
14DEDeere & Co0.65%1,393$928K364
15ETNEaton Corp PLC0.59%2,156$845K337

Showing 1–15 of 91 holdings

DUSL Performance

Launched May 3, 2017

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

Not enough history yet.
DUSL$11,698
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,478
Nov 4, 2025 to Nov 4, 2026. DUSL $11,698. SPY $11,478. Use the arrow keys to read each point.$10,000$12,500$15,000Nov 2025May 2026Nov 2026

Nov 4, 2025 – Nov 4, 2026

Returns run to the Nov 4, 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+12.9%
1 month−2.4%
3 months−26.9%
1 year+17.0%
3 yearsper year+42.8%
5 yearsper year+14.6%
10 yearsFund is under 10 years oldper yearNo data

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+12.9%
2025+36.7%
2024+34.9%
2023+37.2%
2022−31.2%
2021+60.7%
2020−20.1%

DUSL in the news

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 Nov 4, 2026.
9.88%Last 12 months
Payout per share
$7.51Last 12 months
Last payment
$0.0083 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. 36 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; Sep 22, 2026 $0.0083. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.0083
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

See all 36 payments⁠

$10,000 in DUSL 5 years ago paid $2,573 in dividends.⁠

DUSL Risk

Risk pillarA73 out of 100Rank 3 of 31 in 3x Leveraged Long

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.
48.6%
Annualised · 36 months to Oct 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.
0.93
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

DUSL Cost

Compare DUSL and SOXL

Overpaying vs SOXL, cheapest in 3x Leveraged Long

$3,716

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DUSL 0.97%

    $18,198

  • SOXL 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • DUSL 0.97%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DUSL $18,198SOXL $14,482

Year by year

YearDUSLSOXLOverpaying
10$1,712$1,336$376
20$6,443$5,078$1,365
30$18,198$14,482$3,716
How the 0.97% is worked out

Full fee 0.98%− waiver 0.01%= you pay 0.97%

The waiver ends Sep 1, 2027. After that the fee is 0.98% unless Direxion renews it. Source: prospectus, Mar 2026.

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