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INDL vs ROM

Direxion Daily MSCI India Bull 2X ETF

INDLDNYSE Arca

ProShares Ultra Technology

ROMANYSE Arca

Overlap

Expense ratio

ROM −0.30pt a year

INDL1.23%ROM0.93%

Avg volume · 30D

ROM 3.1×the volume

INDL15.4KROM47.7K

10Y return · a year

ROM +38.9pt

INDL−2.3%ROM+36.6%

INDL vs ROM Performance

Oct 29, 2021 – Oct 30, 2026

−27.4%INDL+126.1%ROM

Oct 29, 2021 to Oct 30, 2026. INDL −27.4%. ROM +126.1%. Use the arrow keys to read each point.50%200%Oct 2021Apr 2024Oct 2026
Expense ratio
INDL 1.23%
ROM 0.93%, better
Fund size
INDL $53M
ROM $1.15B
1Y total return
INDL −28.1%
ROM +26.5%, better
Yield (12M)
INDL 1.26%, better
ROM 0.03%
Holdings
INDL 8
ROM 85
Avg volume (30D)
INDL 15.4K sh
ROM 47.7K sh, better
NAV per share
INDL $40.50
ROM $132.18
52W range

ETF.net Grade

INDL: Cost 11, Risk 40, Mission not scored, Tradability 62, Holdings not scored, Durability 66. ROM: Cost 70, Risk 56, Mission not scored, Tradability 88, Holdings not scored, Durability 81.
Pillar letters and Scores for INDL, ROM, with each pillar’s weight
PillarINDLROM
Cost30% weightF11A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightC40B56Higher
Tradability15% weightB62A88Higher
Holdings10% weightNot scoredNot scored
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 ROM 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 ›

ROM ranks 3rd 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 3AROMProShares Ultra TechnologyScore 71
  4. Rank 4BDDMProShares Ultra Dow30Score 69
  5. Rank 79DCPXRUSCF Daily Target 2X Copper Index ETFScore 33
  6. Rank 79DINDLDirexion Daily MSCI India Bull 2X ETFScore 33
  7. Rank 79DMSOXAdvisorShares MSOS Daily Leveraged ETFScore 33

Our read on each fund

ETF.net Research

INDLDDirexion Daily MSCI India Bull 2X ETF

ROMAProShares Ultra Technology

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.

ROM The original 2x tech trade. Since 2007, ROM has aimed at twice the daily move of the S&P 500's technology sector: a double dose in a category now stacked with triples.

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.

ROM ROM seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the S&P Technology Select Sector SM 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.
  • ROM Two times, not three. A 2x daily target means smaller swings and less compounding drag than a 3x fund chasing the same sector.sec.gov
  • Live since January 2007, so it has run through the 2008 crash and the full tech cycle since. Long mileage is rare in geared funds.
  • 0.93% a year, flat, with no waiver propping it up. Peer QLD runs 0.89%, but only net of a waiver through September 30, 2027.
  • One of the strongest implementations in the leveraged-bull pack, from an issuer that has run geared funds since the category's early days.proshares.com

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.
  • ROM The 2x target resets at each close, so results over weeks or months depend on the path the sector takes, not just where it ends up.sec.govproshares.com
  • Trades thinner than the category's headline names, so spreads and limit orders matter, especially in size.
  • About 80 tech names from the S&P 500. That is one concentrated sector bet, doubled, in both directions.

Full INDL profile⁠

Full ROM profile⁠

INDL vs ROM 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 ROM Cost

Overpaying INDL vs ROM

$4,772

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

  • INDL 1.23%

    $22,311

  • ROM 0.93%

    $17,539

$10,000
30 years

Cost over time

  • INDL 1.23%
  • ROM 0.93%
  • 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 $22,311ROM $17,539

Year by year

YearINDLROMOverpaying
10$2,148$1,644$504
20$7,989$6,199$1,790
30$22,311$17,539$4,772

Expense ratio

  • 1.23%INDL
  • 0.93%ROM, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

ROM 29th cheapest of 95 funds

INDL 88th cheapest of 95 funds

INDL vs ROM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
INDL 1.26%, better
ROM 0.03%
Payout (12M)
INDL $0.52
ROM $0.04
Last payment
INDL $0.09
ROM $0.02
Ex-dividend
INDL Sep 22, 2026
ROM Mar 25, 2026
Paid on
INDL Sep 29, 2026
ROM Mar 31, 2026
Frequency
INDL Quarterly
ROM 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
ROMQuarterly · 19 paymentsAll ROM payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.0015; Dec 26, 2017 $0.0075; Mar 21, 2018 $0.0064; Jun 20, 2018 $0.006; Dec 26, 2018 $0.02; Mar 20, 2019 $0.01; Jun 25, 2019 $0.0043; Dec 24, 2019 $0.01; Mar 25, 2020 $0.02; Dec 20, 2023 $0.0042; Mar 20, 2024 $0.01; Jun 26, 2024 $0.04; Sep 25, 2024 $0.06; Dec 23, 2024 $0.03; Mar 26, 2025 $0.02; Jun 25, 2025 $0.14; Sep 24, 2025 $0.05; Dec 24, 2025 $0.02; Mar 25, 2026 $0.02. Use the arrow keys to read each point.$0$12017202020232026YTD

INDL vs ROM Risk

Fall from peak · 5 years

  • INDL
  • ROM
Oct 29, 2021 to Oct 30, 2026. Worst fall: ROM −67.6% · Nov 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%, betterROM 49.3%
Return per unit of riskSharpe ratio, 3 years
INDL −0.10ROM 0.97, better
Worst fallMax drawdown, 5 years
INDL −49.4%, betterROM −67.6%
Market sensitivityBeta, 5 years
INDL 0.77ROM 3.09

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