DUSL vs UXI: which held to its multiple?
Over three months against its own daily promise, DUSL finished 1.9 points short and UXI 0.9 points short. Direxion Daily Industrials Bull 3X ETF and ProShares Ultra Industrials.
DUSL returned −27.0% while 3 times XLI's move would have been −26.1%
UXI returned −18.0% while 2 times XLI's move would have been −17.4%
A percentile among the 470 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
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | DUSL | UXI | DUSL | UXI | DUSL | UXI |
| 1 month | −13.9% | −9.1% | −13.2% | −8.8% | −0.7 pts | −0.3 pts |
| 3 months | −27.0% | −18.0% | −26.1% | −17.4% | −0.9 pts | −0.6 pts |
| 6 months | −3.3% | 0.0% | +6.2% | +4.1% | −9.5 pts | −4.1 pts |
| 1 year | +8.7% | +10.3% | +28.5% | +19.0% | −19.8 pts | −8.6 pts |
| 3 years | +181.0% | +124.7% | +215.1% | +143.4% | −34.1 pts | −18.7 pts |
| Since launch DUSL May 2017 · UXI Jan 2010 | +274.6% | +1919.9% | not meaningful | not meaningful | not meaningful | not meaningful |
DUSL and UXI over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
DUSL and UXI on the same fields, as of Sep 30, 2026. Source: ETFIQ.
DUSL in plain words
Three months to Sep 30, 2026: DUSL returned −27.0% where its own daily promise gave −25.1%, 1.9 points short. Read the multiple against the whole window instead and 3 times XLI's −8.7% implies −26.1%, which makes DUSL look 0.9 points short. 1.0 of that is daily compounding, which happens to any 3 times fund over the same path, and the rest is the fund. DUSL aims to return +3 times XLI's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +3 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. XLI moved at 14% 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.
UXI in plain words
Three months to Sep 30, 2026: UXI returned −18.0% where its own daily promise gave −17.1%, 0.9 points short. Read the multiple against the whole window instead and 2 times XLI's −8.7% implies −17.4%, which makes UXI look 0.6 points short. 0.3 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. UXI aims to return +2 times XLI's move each day, then resets. 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.
Questions people ask
- Which came closer to its stated multiple, DUSL or UXI?
- Over the window to Sep 30, 2026, DUSL finished 0.9 points from what its multiple implies and UXI finished 0.6 points from its own, so UXI came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are DUSL and UXI levered on the same thing?
- Yes. Both are levered on State Street Industrial Select Sector SPDR ETF, DUSL at +3 times and UXI at +2 times the daily move.
- Which one decays faster, DUSL or UXI?
- Decay follows how much the underlying moves about. Over this window DUSL’s moved at 14% annualized and UXI’s at 14%, so DUSL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold DUSL or UXI 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.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, DUSL against UXI, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/dusl-vs-uxi
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, DUSL against UXI, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/dusl-vs-uxi Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, DUSL against UXI, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/dusl-vs-uxi
- APA
- ETFIQ. (Sep 30, 2026). DUSL against UXI. Retrieved from https://etfiq.com/compare/leverage/dusl-vs-uxi
- Markdown
- [DUSL against UXI (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/dusl-vs-uxi)