Data as of .
INDL vs TAJX: which held to its multiple?
Over the days both have traded, INDL finished 1.6 points from its stated multiple and TAJX 3.3.
ETFIQ Decay Resistance Score: INDL scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| INDL | TAJX | INDL | TAJX | INDL | TAJX | |
| 1 month | −5.8% | −6.5% | −5.5% | −5.5% | −0.2 pts | −1.0 pts |
| 3 months | −0.6% | −2.3% | +1.0% | +1.0% | −1.6 pts | −3.3 pts |
| 6 months | −1.9% | not published | +2.1% | not published | −4.0 pts | not published |
| 1 year | −23.3% | not published | −17.5% | not published | −5.7 pts | not published |
| 3 years | −9.4% | not published | +17.2% | not published | −26.6 pts | not published |
| Since launch | −62.2% | +1.3% | not meaningful | +5.1% | not meaningful | −3.8 pts |
| INDL Direxion Daily MSCI India Bull 2X ETF Aims to return twice the daily move of ISHARES MSCI INDIA ETF (INDA) | TAJX Corgi India 2x Daily ETF Aims to return twice the daily move of ISHARES MSCI INDIA ETF (INDA) | |
|---|---|---|
| Issuer | Direxion | Corgi |
| Sets out to return | +2x | +2x |
| On | INDA | INDA |
| Segment | country | country |
| Fund returned, 3 months | −0.6% | −2.3% |
| Underlying returned, 3 months | +0.5% | +0.5% |
| What the stated multiple implies, 3 months | +1.0% | +1.0% |
| Difference from stated, 3 months | −1.6 pts | −3.3 pts |
| Fund returned, 1 year or since launch | −23.3% | +1.3% |
| Difference from stated, over that window | −5.7 pts | −3.8 pts |
| Underlying volatility | 13% | 13% |
| Difference over the days both have traded | −1.6 pts | −3.3 pts |
| Expense ratio | 1.23% | 0.45% |
| Launched | Mar 11, 2010 | Jun 3, 2026 |
INDL in plain words
Three months to Sep 11, 2026: INDL returned −0.6% where its own daily promise gave +0.6%, 1.2 points short. Read the multiple against the whole window instead and +2 times INDA's 0.5% implies +1.0%, which makes INDL look 1.6 points short. 0.4 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. INDL aims to return +2 times INDA's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. INDA moved at 13% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
TAJX in plain words
Three months to Sep 11, 2026: TAJX returned −2.3% where its own daily promise gave +0.6%, 2.9 points short. Read the multiple against the whole window instead and +2 times INDA's 0.5% implies +1.0%, which makes TAJX look 3.3 points short. TAJX aims to return +2 times INDA's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, INDL or TAJX?
- Over the window to Sep 11, 2026, INDL finished 1.6 points from what its multiple implies and TAJX finished 3.3 points from its own, so INDL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are INDL and TAJX levered on the same thing?
- Yes. Both are levered on ISHARES MSCI INDIA ETF, INDL at +2 times and TAJX at +2 times the daily move.
- Which one decays faster, INDL or TAJX?
- Decay follows how much the underlying moves about. Over this window INDL’s moved at 13% annualized and TAJX’s at 13%, so INDL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold INDL or TAJX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, INDL or TAJX?
- INDL charges 1.23% a year and TAJX charges 0.45%, so TAJX is cheaper. Fees come from each fund's prospectus.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, INDL against TAJX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/INDL-TAJX Free to use with attribution; the underlying files are at Open data.