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INDL vs UYG

Direxion Daily MSCI India Bull 2X ETF

INDLDNYSE Arca

ProShares Ultra Financials

UYGANYSE Arca

Overlap

Expense ratio

UYG −0.30pt a year

INDL1.23%UYG0.93%

Avg volume · 30D

UYG 1.1×the volume

INDL15.4KUYG17.3K

10Y return · a year

UYG +19.3pt

INDL−2.3%UYG+17.0%

INDL vs UYG Performance

Oct 29, 2021 – Oct 30, 2026

−27.4%INDL+56.5%UYG

Oct 29, 2021 to Oct 30, 2026. INDL −27.4%. UYG +56.5%. Use the arrow keys to read each point.−50%0%25%75%Oct 2021Apr 2024Oct 2026
Expense ratio
INDL 1.23%
UYG 0.93%, better
Fund size
INDL $53M
UYG $777M
1Y total return
INDL −28.1%
UYG +11.5%, better
Yield (12M)
INDL 1.26%
UYG 11.13%, better
Holdings
INDL 8
UYG 83
Avg volume (30D)
INDL 15.4K sh
UYG 17.3K sh, better
NAV per share
INDL $40.50
UYG $93.27
52W range

ETF.net Grade

INDL: Cost 11, Risk 40, Mission not scored, Tradability 62, Holdings not scored, Durability 66. UYG: Cost 70, Risk 76, Mission not scored, Tradability 78, Holdings not scored, Durability 80.
Pillar letters and Scores for INDL, UYG, with each pillar’s weight
PillarINDLUYG
Cost30% weightF11A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightC40A76Higher
Tradability15% weightB62A78Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB66A80Higher

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 UYG 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 ›

UYG ranks 2nd 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 79DCPXRUSCF Daily Target 2X Copper Index ETFScore 33
  5. Rank 79DINDLDirexion Daily MSCI India Bull 2X ETFScore 33
  6. Rank 79DMSOXAdvisorShares MSOS Daily Leveraged ETFScore 33

Our read on each fund

ETF.net Research

INDLDDirexion Daily MSCI India Bull 2X ETF

UYGAProShares Ultra Financials

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.

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

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.

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

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.
  • UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
  • At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
  • The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
  • Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

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.
  • UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
  • One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
  • It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full INDL profile⁠

Full UYG profile⁠

INDL vs UYG 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 UYG Cost

Overpaying INDL vs UYG

$4,772

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

  • INDL 1.23%

    $22,311

  • UYG 0.93%

    $17,539

$10,000
30 years

Cost over time

  • INDL 1.23%
  • UYG 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 $22,311UYG $17,539

Year by year

YearINDLUYGOverpaying
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%UYG, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

UYG 29th cheapest of 95 funds

INDL 88th cheapest of 95 funds

INDL vs UYG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
INDL 1.26%
UYG 11.13%, better
Payout (12M)
INDL $0.52
UYG $10.38
Last payment
INDL $0.09
UYG $0.09
Ex-dividend
INDL Sep 22, 2026
UYG Sep 23, 2026
Paid on
INDL Sep 29, 2026
UYG Sep 29, 2026
Frequency
INDL Quarterly
UYG 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$102017202020232026YTD
UYGQuarterly · 39 paymentsAll UYG payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.02; Jun 21, 2017 $0.02; Sep 27, 2017 $0.07; Dec 26, 2017 $0.12; Mar 21, 2018 $0.05; Jun 20, 2018 $0.08; Sep 26, 2018 $0.11; Dec 26, 2018 $0.18; Mar 20, 2019 $0.08; Jun 25, 2019 $0.09; Sep 25, 2019 $0.14; Dec 24, 2019 $0.17; Mar 25, 2020 $0.12; Jun 24, 2020 $0.05; Sep 23, 2020 $0.03; Dec 23, 2020 $0.08; Mar 23, 2021 $0.03; Jun 22, 2021 $0.02; Sep 22, 2021 $0.03; Dec 23, 2021 $3.19; Mar 23, 2022 $0.04; Jun 22, 2022 $0.04; Sep 21, 2022 $0.06; Dec 22, 2022 $0.20; Mar 22, 2023 $0.09; Jun 21, 2023 $0.11; Sep 20, 2023 $0.09; Dec 20, 2023 $0.15; Mar 20, 2024 $0.04; Jun 26, 2024 $0.11; Sep 25, 2024 $0.09; Dec 23, 2024 $0.20; Mar 26, 2025 $0.27; Jun 25, 2025 $0.13; Sep 24, 2025 $0.38; Dec 24, 2025 $9.97; Mar 25, 2026 $0.20; Jun 24, 2026 $0.11; Sep 23, 2026 $0.09. Use the arrow keys to read each point.$0$102017202020232026YTD

INDL vs UYG Risk

Fall from peak · 5 years

  • INDL
  • UYG
Oct 29, 2021 to Oct 30, 2026. Worst fall: INDL −49.4% · Oct 2026. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
INDL 26.9%, betterUYG 30.5%
Return per unit of riskSharpe ratio, 3 years
INDL −0.10UYG 1.04, better
Worst fallMax drawdown, 5 years
INDL −49.4%UYG −47.8%, better
Market sensitivityBeta, 5 years
INDL 0.77UYG 1.58

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