Direxion Daily MSCI India Bull 2X ETF
$42.05−0.30 (−0.72%)
- Expense ratio
- 1.23%
- Fund size
- $52M
- 1Y return
- −25.1%
- Yield · Last 12 months
- 1.51%
- Holdings
- 9
- Volume · 30D
- 0M sh
- NAV per share
- $42.01
- 52W range
The ETF.net INDL Grade
Score 40 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.DScore 28Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 42Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 56Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 66Category rank
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
- 9
- 100%
- INDA
Sectors
- Financials29.8%
- Consumer Discr.12.6%
- Industrials10.4%
- Energy8.6%
- Materials8.5%
- Technology8.0%
- Health Care6.4%
- Cons. 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.
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.
| Period | INDL |
|---|---|
| Year to date | −25.0% |
| 1 month | −6.2% |
| 3 months | −8.4% |
| 1 year | −25.1% |
| 3 years | −2.7% |
| 5 years | −6.2% |
| 10 years | −2.9% |
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 | −25.0% | |
| 2025 | −3.2% | |
| 2024 | +7.6% | |
| 2023 | +26.0% | |
| 2022 | −22.9% | |
| 2021 | +40.2% | |
| 2020 | −36.4% |
INDL in the news
ETF.net Research hasn’t filed on INDL yet — coverage lands here as it’s written.
INDL Dividends
- 1.51%
- $0.64
- $0.12 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2026 | Jun 30, 2026 | $0.12 |
| Mar 24, 2026 | Mar 31, 2026 | $0.10 |
| Dec 23, 2025 | Dec 31, 2025 | $0.20 |
| Sep 23, 2025 | Sep 30, 2025 | $0.21 |
| Jun 24, 2025 | Jul 1, 2025 | $0.20 |
| Mar 25, 2025 | Apr 1, 2025 | $0.19 |
| Dec 23, 2024 | Dec 31, 2024 | $0.35 |
| Dec 12, 2024 | Dec 19, 2024 | $0.77 |
| Sep 24, 2024 | Oct 1, 2024 | $0.15 |
| Jun 25, 2024 | Jul 2, 2024 | $0.20 |
| Mar 19, 2024 | Mar 26, 2024 | $0.21 |
| Dec 21, 2023 | Dec 29, 2023 | $0.28 |
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.
- 26.0%
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.
- −0.05
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.
- −47.6%
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
- The middle half of Leveraged Long (2x & Other) funds
- Median 0.99%
70 of the 93 Leveraged Long (2x & Other) funds charge less.