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

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

Three months to Sep 30, 2026: INDL returned −11.5% where its own daily promise gave −10.4%, 1.1 points short.

## Key facts

- INDL, what INDA did: −5.1%, as of Sep 30, 2026.
- INDL, what 2 times a day gives: −10.4%, as of Sep 30, 2026.
- INDL, what the fund returned: −11.5%, as of Sep 30, 2026.
- INDL, the fund itself cost: −1.1 pts, as of Sep 30, 2026.
- INDL, net assets: $49m (issuer page, as of Sep 30, 2026).
- INDL, expense ratio: 1.23% (485BPOS XBRL, Feb 26, 2026).

## INDL over each window to Sep 30, 2026

| Window | Fund | INDA | +2x the move | Difference | INDA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −12.4% | −6.1% | −12.2% | −0.3 pts | 13% |
| 3 months | −11.5% | −5.1% | −10.3% | −1.2 pts | 13% |
| 6 months | −4.3% | −0.1% | −0.1% | −4.2 pts | 16% |
| 1 year | −26.0% | −10.3% | −20.7% | −5.4 pts | 15% |
| 3 years | −13.2% | +6.3% | +12.7% | −25.8 pts | 15% |
| Since launch | −65.2% | +102.0% | 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 | +2.24 times, against +2 stated | ETFIQ |
| Underlying | INDA | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $49m | issuer page, as of Sep 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 30, 2026, INDA moved −5.1% and INDL returned −11.5%. 2 times that move is −10.3%, so the fund came out 1.2 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 figure itself.


## Cite this page

ETFIQ, INDL, data as of Sep 30, 2026. https://etfiq.com/funds/indl
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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