Which came closer to its stated multiple, DUSL or XLIX?

Over the window to Sep 30, 2026, DUSL finished 0.9 points from what its multiple implies and XLIX finished 1.8 points from its own, so DUSL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are DUSL and XLIX levered on the same thing?

Yes. Both are levered on State Street Industrial Select Sector SPDR ETF, DUSL at +3 times and XLIX at +2 times the daily move.

Which one decays faster, DUSL or XLIX?

Decay follows how much the underlying moves about. Over this window DUSL’s moved at 14% annualized and XLIX’s at 14%, so DUSL has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold DUSL or XLIX 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, DUSL or XLIX?

DUSL charges 0.97% a year and XLIX charges 0.45%, so XLIX is cheaper. Fees come from each fund's prospectus.

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DUSL vs XLIX: which held to its multiple?

Over three months against its own daily promise, DUSL finished 1.9 points short and XLIX 2.1 points short. Direxion Daily Industrials Bull 3X ETF and Corgi U.S. Industrials 2x Daily ETF.

−27.0%

DUSL returned, 3 months

−19.2%

XLIX returned, 3 months

−0.9 pts

DUSL from its stated multiple

−1.8 pts

XLIX from its stated multiple

DUSL · 3 months to Sep 30, 20260.9 pts short of its stated multiple

DUSL returned −27.0% while 3 times XLI's move would have been −26.1%

XLIX · 3 months to Sep 30, 20261.8 pts short of its stated multiple

XLIX returned −19.2% while 2 times XLI's move would have been −17.4%

ETFIQ Decay Resistance Score · DUSL scores higherDid it keep up with its own daily multiple, compounded day by day?

DUSL 73.2

XLIX 66.3

0.1, the lowest in this set99.9, the highest

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	XLIX	DUSL	XLIX	DUSL	XLIX
1 month	−13.9%	−9.3%	−13.2%	−8.8%	−0.7 pts	−0.6 pts
3 months	−27.0%	−19.2%	−26.1%	−17.4%	−0.9 pts	−1.8 pts
6 months	−3.3%	not published	+6.2%	not published	−9.5 pts	not published
1 year	+8.7%	not published	+28.5%	not published	−19.8 pts	not published
3 years	+181.0%	not published	+215.1%	not published	−34.1 pts	not published
Since launch DUSL May 2017 · XLIX Jun 2026	+274.6%	−11.1%	not meaningful	−7.1%	not meaningful	−3.9 pts

DUSL and XLIX 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

Direxion Daily Industrials Bull 3X ETF · Aims to return three times the daily move of State Street Industrial Select Sector SPDR ETF (XLI)

XLIX

Corgi U.S. Industrials 2x Daily ETF · Aims to return twice the daily move of State Street Industrial Select Sector SPDR ETF (XLI)

Issuer Direxion Corgi

Sets out to return +3x +2x

Underlying asset XLI XLI

Segment sector sector

Fund returned, 3 months or since launch −27.0% −19.2%

Underlying returned, over that window −8.7% −8.7%

What the stated multiple implies, over that window −26.1% −17.4%

Difference from stated, over that window −0.9 pts −1.8 pts

Fund returned, 1 year or since launch +8.7% −11.1%

Difference from stated, over that window −19.8 pts −3.9 pts

Underlying volatility 14% 14%

Difference over the days both have traded no shared window −1.8 pts

Expense ratio 0.97% 0.45%

Launched May 3, 2017 Jun 3, 2026

Net assets $41m $442,906

DUSL and XLIX 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.

XLIX in plain words

Three months to Sep 30, 2026: XLIX returned −19.2% where its own daily promise gave −17.1%, 2.1 points short. Read the multiple against the whole window instead and 2 times XLI's −8.7% implies −17.4%, which makes XLIX look 1.8 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. XLIX 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 XLIX?: Over the window to Sep 30, 2026, DUSL finished 0.9 points from what its multiple implies and XLIX finished 1.8 points from its own, so DUSL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are DUSL and XLIX levered on the same thing?: Yes. Both are levered on State Street Industrial Select Sector SPDR ETF, DUSL at +3 times and XLIX at +2 times the daily move.
Which one decays faster, DUSL or XLIX?: Decay follows how much the underlying moves about. Over this window DUSL’s moved at 14% annualized and XLIX’s at 14%, so DUSL has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold DUSL or XLIX 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, DUSL or XLIX?: DUSL charges 0.97% a year and XLIX charges 0.45%, so XLIX is cheaper. Fees come from each fund's prospectus.

Other comparisons

DUSL vs SIJ DUSL vs UXI XLIX vs SIJ XLIX vs UXI

XLI →DUSL on its own →XLIX on its own →How every figure is computed →Standards and sources →

Where these figures came from

DUSL filings on SEC EDGAR ↗DUSL prospectus with the expense ratio (SEC) ↗Direxion website ↗XLIX filings on SEC EDGAR ↗XLIX prospectus with the expense ratio (SEC) ↗Corgi website ↗

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.

Cite this page

ETFIQ, DUSL against XLIX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/dusl-vs-xlix

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.