Direxion Daily MSCI India Bull 2X ETF
CThis 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.
$40.37+1.45 (+3.71%)
- 1.23%
- $50M
- −28.9%
- 1.33%
- 0M sh
- $38.35
- low $37.25high $61.00
The ETF.net INDL Grade
C
Score 40 out of 100
- 40 of 99
Score 40 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.D28 out of 100Rank 72 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 70 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B60 out of 100Rank 35 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 25 of 99
Our read on INDL
CMost leveraged ETFs double down on the Dow or the Nasdaq. INDL aims a 2x daily multiplier at India instead, tracking the MSCI India Index since 2010. Built as a single-day trading tool, not a long-term India position.
The fund seeks daily investment results equal to 200% of the MSCI India Index before fees and expenses, with the objective applying for a single day.
Why people hold it
- A rare shape in one ticker: 2x daily exposure to the MSCI India Index, no margin account or offshore brokerage required.direxion.com
- The mandate leaves nothing to interpretation: 200% of the index move, before fees, for a single day. You know exactly what the machine is doing.direxion.com
- Launched in 2010, it has run through more than a decade of Indian market cycles, unusual staying power for a single-country leveraged fund.
- Its cohort is crowded with US index plays (UDOW, QLD, FAS). INDL is the geographic outlier, an emerging-market index with leverage bolted on.
Worth knowing
- The fee is 1.23% a year, above the typical leveraged fund. These products are designed for short holding periods, but the cost still shows up.
- Daily reset compounding: hold longer than a day and returns can drift well away from 2x the index over that stretch, especially through choppy markets.direxion.com
- It trades lightly next to the headline leveraged funds, so spreads and order size matter more here than in a mega-volume name.
INDL Holdings
- Stocks
- 8
- 100%
- INDA
Sectors
- Financials29.8%
- Consumer Discretionary12.6%
- Industrials10.4%
- Energy8.6%
- Materials8.5%
- Technology8.0%
- Health Care6.4%
- Consumer Staples5.3%
- Communication5.1%
- Utilities3.9%
- Real Estate1.4%
Geography
- United States100.00%
INDL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
INDL$7,115
Returns run to the Oct 12, 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.
| Period | INDL |
|---|---|
| Year to date | −31.0% |
| 1 month | −9.5% |
| 3 months | −13.1% |
| 1 year | −28.9% |
| 3 years | −5.1% |
| 5 years | −7.6% |
| 10 years | −3.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | INDL |
|---|---|---|
| 2026 YTD | −31.0% | |
| 2025 | −3.2% | |
| 2024 | +7.6% | |
| 2023 | +26.0% | |
| 2022 | −22.9% | |
| 2021 | +40.2% | |
| 2020 | −36.4% |
INDL in the news
INDL Dividends
- 1.33%
- $0.52
- $0.09 per share
- Quarterly
Distribution history
INDL 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.
- 27.0%
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.
- −0.21
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.
- −49.4%
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.
- 0.77
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
INDL Cost
1.23%
INDL1.23%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
71 of the 95 Leveraged Long (2x & Other) funds charge less.
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