# DUSL (Direxion Daily Industrials Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: DUSL returned −27.0% where its own daily promise gave −25.1%, 1.9 points short.

## Key facts

- DUSL, what XLI did: −8.7%, as of Sep 30, 2026.
- DUSL, what 3 times a day gives: −25.1%, as of Sep 30, 2026.
- DUSL, what the fund returned: −27.0%, as of Sep 30, 2026.
- DUSL, the fund itself cost: −1.9 pts, as of Sep 30, 2026.
- DUSL, net assets: $41m (issuer page, as of Sep 30, 2026).
- DUSL, expense ratio: 0.97% (485BPOS XBRL, Feb 26, 2026).

## DUSL over each window to Sep 30, 2026

| Window | Fund | XLI | +3x the move | Difference | XLI moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −13.9% | −4.4% | −13.2% | −0.7 pts | 13% |
| 3 months | −27.0% | −8.7% | −26.1% | −0.9 pts | 14% |
| 6 months | −3.3% | +2.1% | +6.2% | −9.5 pts | 18% |
| 1 year | +8.7% | +9.5% | +28.5% | −19.8 pts | 17% |
| 3 years | +181.0% | +71.7% | +215.1% | −34.1 pts | 17% |
| Since launch | +274.6% | +194.3% | 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 | +3.1 times, against +3 stated | ETFIQ |
| Underlying | XLI | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $41m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.97% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | May 3, 2017 | ETFIQ |
| Underlying volatility over the window | 14% annualized | ETFIQ |

## Questions

### Did DUSL return +3 times XLI?

Over the window to Sep 30, 2026, XLI moved −8.7% and DUSL returned −27.0%. 3 times that move is −26.1%, so the fund came out 0.9 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 30, 2026. https://etfiq.com/funds/dusl
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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