- ISIN
- US25490K3317
- CUSIP
- 25490K331
- Issuer
- Direxion
- Inception Date
- Mar 11, 2010
- Region
- Emerging Asia Pacific (India)
- Category
- Leveraged Equities
- Leveraged
- 3x
- Index Tracked
- Indus India Index (300%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $58M
Share Price Chart
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Performance
INDL Performance Chart
Direxion Daily India Bull 3x Shares (INDL) is down 21.3% since the beginning of the year. INDL is currently trading at $45 per share. Investors who bought $1,000 worth of INDL shares 5 years ago would now be looking at an investment worth $940.
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Returns By Period
Direxion Daily India Bull 3x Shares (INDL) has returned -21.27% so far this year and -24.89% over the past 12 months. Over the last ten years, INDL has returned 1.06% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Direxion Daily India Bull 3x Shares
- 1D
- -3.73%
- 1M
- 1.96%
- YTD
- -21.27%
- 6M
- -22.49%
- 1Y
- -24.89%
- 3Y*
- 0.97%
- 5Y*
- -1.23%
- 10Y*
- 1.06%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
INDL Monthly Returns History
Based on dividend-adjusted daily data since Mar 11, 2010, INDL's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 51% of months were positive and 49% were negative. The best month was Jan 2012 with a return of +62.1%, while the worst month was Mar 2020 at -73.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, INDL closed higher 52% of trading days. The best single day was Mar 13, 2020 with a return of +26.0%, while the worst single day was Mar 12, 2020 at -33.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -8.83% | 1.45% | -20.83% | 10.57% | -3.98% | 1.27% | -21.27% | ||||||
| 2025 | -6.70% | -11.80% | 13.74% | 7.11% | 1.97% | 4.27% | -11.15% | -3.07% | -0.24% | 6.78% | 2.05% | -3.01% | -3.21% |
| 2024 | 3.46% | 4.50% | 1.03% | 2.51% | 1.50% | 9.33% | 5.32% | 0.05% | 2.23% | -12.80% | -0.93% | -6.97% | 7.56% |
| 2023 | -4.54% | -10.74% | 2.11% | 8.21% | 2.24% | 9.58% | 4.17% | -4.38% | 0.68% | -4.89% | 12.20% | 11.67% | 26.06% |
| 2022 | -0.03% | -9.53% | 2.78% | -4.63% | -10.29% | -10.56% | 16.90% | 1.13% | -10.69% | 6.43% | 9.00% | -11.49% | -22.88% |
| 2021 | -5.59% | 8.93% | 4.93% | -5.71% | 16.13% | -0.19% | 1.57% | 18.07% | -0.17% | 0.53% | -5.70% | 4.81% | 40.26% |
Benchmark Metrics
Direxion Daily India Bull 3x Shares has an annualized alpha of -14.76%, beta of 2.06, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since March 11, 2010.
- This ETF participated in 201.40% of S&P 500 Index downside but only 138.55% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.36 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -14.76%
- Beta
- 2.06
- R²
- 0.36
- Upside Capture
- 138.55%
- Downside Capture
- 201.40%
Expense Ratio
INDL has a high expense ratio of 1.33%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
INDL ranks 3 for risk / return — in the bottom 3% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| INDL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.32 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 2.46 | -3.12 |
| Martin ratioReturn relative to average drawdown | -1.32 | 10.92 | -12.24 |
Dividends
Dividend History
Direxion Daily India Bull 3x Shares provided a 1.60% dividend yield over the last twelve months, with an annual payout of $0.71 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.71 | $0.81 | $1.66 | $0.93 | $0.04 | $1.40 | $0.00 | $0.47 | $0.12 | $0.32 |
Dividend yield | 1.60% | 1.42% | 2.79% | 1.65% | 0.09% | 2.35% | 0.00% | 0.68% | 0.18% | 0.31% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily India Bull 3x Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.20 | $0.81 |
| 2024 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $1.11 | $1.66 |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.28 | $0.93 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.40 | $1.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily India Bull 3x Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily India Bull 3x Shares was 95.67%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
The current Direxion Daily India Bull 3x Shares drawdown is 77.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -95.67%Mar 2020 | 9y 4mo | — | 15y 7moNov 2010 - now |
2010 bear market2010 | -30.28%May 2010 | 1mo 20d | 3mo 21d | 5mo 11dApr 2010 - Sep 2010 |
2010 pullback2010 | -8.88%Oct 2010 | 13d | 8d | 21dOct 2010 - Nov 2010 |
2010 pullback2010 | -3.55%Oct 2010 | 6d | 1d | 7dOct 2010 - Oct 2010 |
2010 pullback2010 | -3.41%Sep 2010 | 1d | 1d | 2dSep 2010 - Sep 2010 |
Drawdown Indicators
| INDL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.67% | -56.78% | -38.89% |
Max Drawdown (1Y)Largest decline over 1 year | -37.82% | -9.10% | -28.72% |
Max Drawdown (3Y)Largest decline over 3 years | -47.64% | -18.90% | -28.74% |
Max Drawdown (5Y)Largest decline over 5 years | -47.64% | -25.43% | -22.21% |
Max Drawdown (10Y)Largest decline over 10 years | -91.96% | -33.92% | -58.04% |
Current DrawdownCurrent decline from peak | -77.84% | -3.21% | -74.63% |
Average DrawdownAverage peak-to-trough decline | -66.38% | -10.71% | -55.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.84% | 2.04% | +16.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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