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Launched · SEC filings

Direxion Daily MSCI India Bull 2X ETF

INDLNYSE ArcaDirexionDThis 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.

$42.24+1.23 (+3.00%)

At close: Nov 2, 2026, 4:00 PM ET

D33/ 100

Rank 79 of 99 in Leveraged Long (2x & Other)

D33/100Rank 79 of 99inLeveraged Long (2x & Other)
Intraday session: up, 79 prints from 41.01 to 42.24. Range 41.77 to 42.41. Use the arrow keys to read each point.41.2541.5041.7542.0010 AM12 PM2 PM4 PM
Expense ratio
1.23%
Fund size
$53M
1Y total return
−28.1%
Yield · Last 12 months
1.26%
Holdings
8
Avg volume · 30D
15.4K sh
52W range
low $37.25high $59.79
Launched
Filings
SEC EDGAR

The ETF.net INDL Grade

Based on 4 of 6 pillars

D

Score 33 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
79 of 99
Six-pillar profile for INDL. Scores out of 100: Cost 11, Risk 40, Mission not scored, Tradability 62, Holdings not scored, Durability 66. Strongest: Durability (66). Weakest: Cost (11). Based on 4 of 6 pillars.

Score 33 of 100 falls in the D 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.
    F11 out of 100
    Rank 88 of 99

  • 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.
    C40 out of 100
    Rank 66 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 28 of 99

  • 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.
    B66 out of 100
    Rank 25 of 99

Our read on INDL

ETF.net Research

In short

DMost 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.

Stated mandate

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 Performance

Launched Mar 11, 2010

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

INDL$7,191
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. INDL $7,191. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 INDL. Periods over one year show the average yearly return.
PeriodINDL
Year to date−27.3%
1 month+3.8%
3 months−10.2%
1 year−28.1%
3 yearsper year−1.8%
5 yearsper year−6.2%
10 yearsper year−2.3%

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 INDL
YearReturn barINDL
2026 YTD−27.3%
2025−3.2%
2024+7.6%
2023+26.0%
2022−22.9%
2021+40.2%

INDL in the news

INDL 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 Oct 30, 2026.
1.26%Last 12 months
Payout per share
$0.52Last 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. 24 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.32; Dec 27, 2018 $0.12; Mar 19, 2019 $0.07; Jun 25, 2019 $0.35; Sep 24, 2019 $0.03; Dec 23, 2019 $0.01; Dec 21, 2021 $1.40; Dec 20, 2022 $0.04; Mar 21, 2023 $0.18; Jun 21, 2023 $0.26; Sep 19, 2023 $0.22; Dec 21, 2023 $0.28; Mar 19, 2024 $0.21; Jun 25, 2024 $0.20; Sep 24, 2024 $0.15; Dec 12, 2024 $0.77; Dec 23, 2024 $0.35; Mar 25, 2025 $0.19; Jun 24, 2025 $0.20; Sep 23, 2025 $0.21; Dec 23, 2025 $0.20; Mar 24, 2026 $0.10; Jun 23, 2026 $0.12; Sep 22, 2026 $0.09. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.09
Jun 23, 2026Jun 30, 2026$0.12
Mar 24, 2026Mar 31, 2026$0.10
Dec 23, 2025Dec 31, 2025$0.20
Sep 23, 2025Sep 30, 2025$0.21
Jun 24, 2025Jul 1, 2025$0.20
Mar 25, 2025Apr 1, 2025$0.19
Dec 23, 2024Dec 31, 2024$0.35
Dec 12, 2024Dec 19, 2024$0.77
Sep 24, 2024Oct 1, 2024$0.15
Jun 25, 2024Jul 2, 2024$0.20
Mar 19, 2024Mar 26, 2024$0.21

See all 26 payments⁠

$10,000 in INDL 10 years ago paid $1,187 in dividends.⁠

INDL Risk

Risk pillarC40 out of 100Rank 66 of 98 in Leveraged Long (2x & Other)

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.
26.9%
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.
−0.10
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.
−49.4%
Trough Oct 2026
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.
0.77
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.

INDL Cost

Compare INDL and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$18,156

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

  • INDL 1.23%

    $22,311

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • INDL 1.23%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530INDL $22,311WX $4,155

Year by year

YearINDLWXOverpaying
10$2,148$365$1,783
20$7,989$1,421$6,568
30$22,311$4,155$18,156

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