# INDL (Direxion Daily MSCI India Bull 2X ETF)

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

Three months to Sep 11, 2026: INDL returned −0.6% where its own daily promise gave +0.6%, 1.2 points short.

## Key facts

- INDL, what INDA did: +0.5%, as of Sep 11, 2026.
- INDL, what +2 times a day gives: +0.6%, as of Sep 11, 2026.
- INDL, what the fund returned: −0.6%, as of Sep 11, 2026.
- INDL, the fund itself cost: −1.2 pts, as of Sep 11, 2026.
- INDL, net assets: $60m (source, as filed for Apr 30, 2026).
- INDL, expense ratio: 1.23% (485BPOS XBRL, Feb 26, 2026).

## INDL over each window to Sep 11, 2026

| Window | Fund | INDA | +2x the move | Difference | INDA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −5.8% | −2.8% | −5.5% | −0.2 pts | 12% |
| 3 months | −0.6% | +0.5% | +1.0% | −1.6 pts | 13% |
| 6 months | −1.9% | +1.1% | +2.1% | −4.0 pts | 17% |
| 1 year | −23.3% | −8.8% | −17.5% | −5.7 pts | 15% |
| 3 years | −9.4% | +8.6% | +17.2% | −26.6 pts | 15% |
| Since launch | −62.2% | +110.2% | not meaningful over this window | not meaningful over this window | 22% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of INDA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | INDA moved +0.5% over this window, too little to read a multiple from | ETFIQ |
| Underlying | INDA | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $60m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.23% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Mar 11, 2010 | ETFIQ |
| Underlying volatility over the window | 13% annualized | ETFIQ |

## Questions

### Did INDL return +2 times INDA?

Over the window to Sep 11, 2026, INDA moved +0.5% and INDL returned −0.6%. 2 times that move is +1.0%, so the fund came out 1.6 points short of it.

### Why does INDL not return +2 times over a year?

Because it resets daily. INDL aims at +2 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 +2 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.

### Which +2x INDA ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

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

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