{"url":"https://etfiq.com/compare/leverage/indl-vs-tajx","section":"compare","title":"INDL vs TAJX: which held to its multiple? | ETFIQ","description":"INDL sets out to return +2 times INDA each day and TAJX +2 times. Over the three months to Sep 30, 2026 they finished \u22121.2 pts and \u22122.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, INDL or TAJX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, INDL finished 1.2 points from what its multiple implies and TAJX finished 2.6 points from its own, so INDL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are INDL and TAJX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on iShares MSCI India ETF, INDL at +2 times and TAJX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, INDL or TAJX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window INDL\u2019s moved at 13% annualized and TAJX\u2019s at 13%, so INDL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold INDL or TAJX for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, INDL or TAJX?","acceptedAnswer":{"@type":"Answer","text":"INDL charges 1.23% a year and TAJX charges 0.45%, so TAJX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"INDL vs TAJX","item":"https://etfiq.com/compare/leverage/indl-vs-tajx"}]},{"@type":"WebPage","name":"INDL vs TAJX: which held to its multiple?","description":"INDL sets out to return +2 times INDA each day and TAJX +2 times. Over the three months to Sep 30, 2026 they finished \u22121.2 pts and \u22122.6 pts away.","url":"https://etfiq.com/compare/leverage/indl-vs-tajx","dateModified":"2026-09-30","abstract":"Over the days both have traded, INDL finished 1.2 points from its stated multiple and TAJX 2.6.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of INDL and TAJX","description":"INDL sets out to return +2 times INDA each day and TAJX +2 times. Over the three months to Sep 30, 2026 they finished \u22121.2 pts and \u22122.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/indl-vs-tajx","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6573,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / INDL vs TAJX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n INDL vs TAJX: which held to its multiple?\n\n Over the days both have traded, INDL finished 1.2 points from its stated multiple and TAJX 2.6.\n Copy this for sharing \n \n Direxion Daily MSCI India Bull 2X ETF and Corgi India 2x Daily ETF.\n\n Download as PDF \n\n \u221211.5% INDL returned, 3 months \n \u221212.9% TAJX returned, 3 months \n \u22121.2 pts INDL from its stated multiple \n \u22122.6 pts TAJX from its stated multiple \n\n ETFIQ Decay Resistance Score: INDL scores higher\n Did it keep up with ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/indl-vs-tajx","a":{"ticker":"INDL","name":"Direxion Daily MSCI India Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: INDL returned \u221211.5% where its own daily promise gave \u221210.4%, 1.1 points short.","url":"https://etfiq.com/funds/indl","key_facts":[{"label":"What INDA did","value":"\u22125.1%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221210.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221211.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$49m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.23%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"TAJX","name":"Corgi India 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TAJX returned \u221212.9% where its own daily promise gave \u221210.4%, 2.5 points short.","url":"https://etfiq.com/funds/tajx","key_facts":[{"label":"What INDA did","value":"\u22125.1%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221210.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221212.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$338,623","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, May 28, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/indl-vs-tajx"}