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INDL vs QLD

Direxion Daily MSCI India Bull 2X ETF

INDLDNYSE Arca

ProShares Ultra QQQ

QLDANYSE Arca

Overlap

Expense ratio

QLD −0.34pt a year

INDL1.23%QLD0.89%

Avg volume · 30D

QLD 269.1×the volume

INDL15.4KQLD4.15M

10Y return · a year

QLD +34.2pt

INDL−2.3%QLD+31.9%

INDL vs QLD Performance

Oct 29, 2021 – Oct 30, 2026

−27.4%INDL+97.9%QLD

Oct 29, 2021 to Oct 30, 2026. INDL −27.4%. QLD +97.9%. Use the arrow keys to read each point.−50%0%50%150%Oct 2021Apr 2024Oct 2026
Expense ratio
INDL 1.23%
QLD 0.89%, better
Fund size
INDL $53M
QLD $13.3B
1Y total return
INDL −28.1%
QLD +10.7%, better
Yield (12M)
INDL 1.26%, better
QLD 0.15%
Holdings
INDL 8
QLD 113
Avg volume (30D)
INDL 15.4K sh
QLD 4.15M sh, better
NAV per share
INDL $40.50
QLD $82.56
52W range

ETF.net Grade

INDL: Cost 11, Risk 40, Mission not scored, Tradability 62, Holdings not scored, Durability 66. QLD: Cost 72, Risk 66, Mission 95, Tradability 100, Holdings 72, Durability 81.
Pillar letters and Scores for INDL, QLD, with each pillar’s weight
PillarINDLQLD
Cost30% weightF11A72Higher
Mission25% weightNot scoredA95
Risk15% weightC40B66Higher
Tradability15% weightB62A100Higher
Holdings10% weightNot scoredA72
Durability5% weightB66A81Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. INDL and QLD are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

QLD ranks 1st and INDL 79th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 79DCPXRUSCF Daily Target 2X Copper Index ETFScore 33
  4. Rank 79DINDLDirexion Daily MSCI India Bull 2X ETFScore 33
  5. Rank 79DMSOXAdvisorShares MSOS Daily Leveraged ETFScore 33

Our read on each fund

ETF.net Research

INDLDDirexion Daily MSCI India Bull 2X ETF

QLDAProShares Ultra QQQ

In short

INDL Most 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.

QLD The 2x dial on the Nasdaq-100. QLD aims for twice the index's daily move, half the dose of the 3x crowd, and it has been running that playbook since 2006. The multiple resets every session.

Stated mandate

INDL 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.

QLD The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the Nasdaq-100 Index.

Why people hold it

  • INDL 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.
  • QLD Costs 0.89% net of a waiver through September 30, 2027 (0.96% gross), below the leveraged-bull category median and under Ultra stablemates ROM (0.93%) and DDM (0.95%).
  • Hits its stated daily 2x mark with very little drift, one of the tighter implementations among the roughly 100 leveraged bull funds in its group.
  • A multi-billion-dollar, actively traded fund, so entering and exiting rarely means hunting for the other side of the trade.
  • Trading since June 2006, which makes it one of the longest-running leveraged equity funds on the US shelf rather than a recent product-shelf experiment.

Worth knowing

  • INDL 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.
  • QLD The 2x objective covers one day only. Hold longer and daily resets plus compounding can push results away from twice the index's move over that stretch, in either direction.proshares.com
  • Magnification runs both ways: a down day in the Nasdaq-100 lands on shareholders at roughly double size, same as an up day.
  • Cheap for geared exposure, still well above a plain unleveraged Nasdaq-100 tracker. The waiver is set to lapse September 30, 2027, after which the 0.96% gross rate applies unless renewed.

Full INDL profile⁠

Full QLD profile⁠

INDL vs QLD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

INDL vs QLD Cost

Overpaying INDL vs QLD

$5,439

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

  • INDL 1.23%

    $22,311

  • QLD 0.89%

    $16,872

$10,000
30 years

Cost over time

  • INDL 1.23%
  • QLD 0.89%
  • 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 $22,311QLD $16,872

Year by year

YearINDLQLDOverpaying
10$2,148$1,576$572
20$7,989$5,953$2,036
30$22,311$16,872$5,439

Expense ratio

  • 1.23%INDL
  • 0.89%QLD, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

QLD 28th cheapest of 95 funds

INDL 88th cheapest of 95 funds

INDL vs QLD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
INDL 1.26%, better
QLD 0.15%
Payout (12M)
INDL $0.52
QLD $0.12
Last payment
INDL $0.09
QLD $0.03
Ex-dividend
INDL Sep 22, 2026
QLD Sep 23, 2026
Paid on
INDL Sep 29, 2026
QLD Sep 29, 2026
Frequency
INDL Quarterly
QLD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

INDLQuarterly · 24 paymentsAll INDL payments⁠
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.$0$12017202020232026YTD
QLDQuarterly · 21 paymentsAll QLD payments⁠
One bar per payment. 21 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0012; Jun 21, 2017 $0.00044; Dec 26, 2018 $0.005; Mar 20, 2019 $0.0078; Jun 25, 2019 $0.0052; Dec 24, 2019 $0.0062; Mar 25, 2020 $0.0011; Dec 22, 2022 $0.05; Sep 20, 2023 $0.09; Dec 20, 2023 $0.04; Mar 20, 2024 $0.03; Jun 26, 2024 $0.05; Sep 25, 2024 $0.03; Dec 23, 2024 $0.03; Mar 26, 2025 $0.01; Jun 25, 2025 $0.06; Sep 24, 2025 $0.02; Dec 24, 2025 $0.02; Mar 25, 2026 $0.01; Jun 24, 2026 $0.06; Sep 23, 2026 $0.03. Use the arrow keys to read each point.$0$12017202020232026YTD

INDL vs QLD Risk

Fall from peak · 5 years

  • INDL
  • QLD
Oct 29, 2021 to Oct 30, 2026. Worst fall: QLD −63.7% · Dec 2022. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
INDL 26.9%, betterQLD 36.7%
Return per unit of riskSharpe ratio, 3 years
INDL −0.10QLD 1.04, better
Worst fallMax drawdown, 5 years
INDL −49.4%, betterQLD −63.7%
Market sensitivityBeta, 5 years
INDL 0.77QLD 2.46

INDL and QLD in the news

All news⁠

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