# DUSL (Direxion Daily Industrials Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: DUSL returned −9.9% where its own daily promise gave −7.5%, 2.4 points short.

## Key facts

- DUSL, what XLI did: −1.9%, as of Sep 11, 2026.
- DUSL, what +3 times a day gives: −7.5%, as of Sep 11, 2026.
- DUSL, what the fund returned: −9.9%, as of Sep 11, 2026.
- DUSL, the fund itself cost: −2.4 pts, as of Sep 11, 2026.
- DUSL, net assets: $54m (source, as filed for Apr 30, 2026).
- DUSL, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## DUSL over each window to Sep 11, 2026

| Window | Fund | XLI | +3x the move | Difference | XLI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −21.5% | −7.3% | −21.8% | +0.3 pts | 13% |
| 3 months | −9.9% | −1.9% | −5.8% | −4.2 pts | 16% |
| 6 months | +5.1% | +5.2% | +15.7% | −10.6 pts | 19% |
| 1 year | +23.0% | +14.3% | +42.8% | −19.7 pts | 17% |
| 3 years | +175.2% | +70.9% | +212.7% | −37.6 pts | 17% |
| Since launch | +310.7% | +203.0% | not meaningful over this window | not meaningful over this window | 20% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of XLI, reset daily | ETFIQ |
| Multiple a holder actually got over the window | XLI moved −1.9% over this window, too little to read a multiple from | ETFIQ |
| Underlying | XLI | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $54m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | May 3, 2017 | ETFIQ |
| Underlying volatility over the window | 16% annualized | ETFIQ |

## Questions

### Did DUSL return +3 times XLI?

Over the window to Sep 11, 2026, XLI moved −1.9% and DUSL returned −9.9%. 3 times that move is −5.8%, so the fund came out 4.2 points short of it.

### Why does DUSL not return +3 times over a year?

Because it resets daily. DUSL aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, DUSL, data as of Sep 11, 2026. https://etfiq.com/funds/DUSL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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