{
 "ticker": "DUSL",
 "name": "Direxion Daily Industrials Bull 3X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/dusl",
 "html": "https://etfiq.com/funds/dusl",
 "markdown": "https://etfiq.com/funds/dusl.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: DUSL returned \u221227.0% where its own daily promise gave \u221225.1%, 1.9 points short.",
 "key_facts": [
  {
   "key": "what_xli_did",
   "label": "What XLI did",
   "value": "\u22128.7%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "DUSL, what XLI did: \u22128.7%, as of Sep 30, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What 3 times a day gives",
   "value": "\u221225.1%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "DUSL, what 3 times a day gives: \u221225.1%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221227.0%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "DUSL, what the fund returned: \u221227.0%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.9 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "DUSL, the fund itself cost: \u22121.9 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$41m",
   "source": "issuer page, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "DUSL, net assets: $41m (issuer page, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.97%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-30",
   "sentence": "DUSL, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+3 times the daily move of XLI, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+3.1 times, against +3 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "XLI",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$41m",
   "source": "issuer page, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.97%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 3, 2017",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "14% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221213.9%",
   "XLI": "\u22124.4%",
   "+3x the move": "\u221213.2%",
   "Difference": "\u22120.7 pts",
   "XLI moved about": "13%"
  },
  {
   "window": "3 months",
   "Fund": "\u221227.0%",
   "XLI": "\u22128.7%",
   "+3x the move": "\u221226.1%",
   "Difference": "\u22120.9 pts",
   "XLI moved about": "14%"
  },
  {
   "window": "6 months",
   "Fund": "\u22123.3%",
   "XLI": "+2.1%",
   "+3x the move": "+6.2%",
   "Difference": "\u22129.5 pts",
   "XLI moved about": "18%"
  },
  {
   "window": "1 year",
   "Fund": "+8.7%",
   "XLI": "+9.5%",
   "+3x the move": "+28.5%",
   "Difference": "\u221219.8 pts",
   "XLI moved about": "17%"
  },
  {
   "window": "3 years",
   "Fund": "+181.0%",
   "XLI": "+71.7%",
   "+3x the move": "+215.1%",
   "Difference": "\u221234.1 pts",
   "XLI moved about": "17%"
  },
  {
   "window": "Since launch",
   "Fund": "+274.6%",
   "XLI": "+194.3%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "XLI moved about": "20%"
  }
 ],
 "questions": [
  {
   "q": "Did DUSL return +3 times XLI?",
   "a": "Over the window to Sep 30, 2026, XLI moved \u22128.7% and DUSL returned \u221227.0%. 3 times that move is \u221226.1%, so the fund came out 0.9 points short of it."
  },
  {
   "q": "Why does DUSL not return +3 times over a year?",
   "a": "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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}