Direxion Daily MSCI India Bull 2x Shares (INDL) Performance
INDL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −31.1% since Dec 31, 2025
- 1 year
- −33.8% total return
- 5 years
- −7.6% a year
- 10 years
- −3.2% a year
- Since first price
- −7.4% a year since 2010
INDL trailing returns vs SPY, QQQ, AGG
| Period | INDL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.3% | −7.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.7% | −6.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −15.2% | −15.6% | +7.8% | +8.4% | −1.5% |
| YTD | −31.1% | −31.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −33.8% | −34.5% | +14.4% | +15.9% | −1.1% |
| 3 years | −11.7%−4.0%/yr | −16.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −32.6%−7.6%/yr | −38.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −27.7%−3.2%/yr | −34.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −58.4%−5.7%/yr | −62.6% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMar 11, 2010 | −72.3%−7.4%/yr | −75.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: INDL vs SPY
From Mar 11, 2010: INDL grew to $2,769, SPY to $88,424.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
INDL returns by calendar year
7 of 15 full years positive. Best 2017 (+128.0%), worst 2011 (−67.2%). 2026 is year to date.
INDL annual returns table
| Year | INDL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −31.1% | −34.5% | +12.3% | +15.1% | −1.0% |
| 2025 | −3.2% | −21.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +7.6% | −21.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +26.1% | −21.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −22.9% | −38.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +40.3% | −18.7% | +28.7% | +27.4% | −1.8% |
| 2020 | −36.4% | −87.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +3.2% | −38.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −34.3% | −60.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +128.0% | −21.3% | +21.7% | +32.7% | +3.6% |
| 2016 | −16.6% | −36.0% | +12.0% | +7.1% | +2.4% |
| 2015 | −33.0% | −60.0% | +1.2% | +9.4% | +0.5% |
| 2014 | +46.4% | −35.9% | +13.5% | +19.2% | +6.0% |
| 2013 | −31.8% | −69.7% | +32.3% | +36.6% | −2.0% |
| 2012 | +22.0% | −60.3% | +16.0% | +18.1% | +3.8% |
| 2011 | −67.2% | −69.7% | +1.9% | +3.4% | +7.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
INDL largest drawdowns
Now 80.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 5, 2010 | −95.7% | Mar 23, 2020 | not yet | 9.4 years | 16.0 years so far |
| Apr 5, 2010 | −30.3% | May 26, 2010 | Sep 14, 2010 | 51 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
INDL risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | −4.6% | −6.8% | −2.8% | −7.9% |
| Volatility (annualized) | 27.0% | 26.7% | 45.8% | 53.3% |
| Sharpe ratio | -0.20 | -0.26 | 0.18 | 0.12 |
| Sortino ratio | -0.26 | -0.34 | 0.25 | 0.17 |
| Best month | +13.7% | +16.9% | +33.4% | +62.1% |
| Worst month | −20.8% | −20.8% | −73.5% | −73.5% |
| Best 12 months | +59.5% | +59.9% | +243.6% | +243.6% |
| Worst 12 months | −27.5% | −27.8% | −82.0% | −82.0% |
| Positive months | 58% | 57% | 53% | 51% |
| Beta vs S&P 500 | 0.86 | 0.92 | 1.54 | — |
| Correlation with S&P 500 | 0.39 | 0.54 | 0.52 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
INDL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 188 | −82.0% | −6.9% | +243.6% | 40% |
| 3-year (a year) | 164 | −42.2% | −1.8% | +44.2% | 44% |
| 5-year (a year) | 140 | −32.0% | −2.6% | +34.3% | 36% |
| 10-year (a year) | 80 | −22.1% | −3.2% | +5.3% | 22% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
INDL performance overview
Direxion Daily MSCI India Bull 2x Shares (INDL) returned −33.8% over the past year and −3.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned −7.4% a year, turning $10,000 into about $2,769. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −95.7%, from Nov 5, 2010 to Mar 23, 2020; the fund has not yet regained that high. INDL finished 7 of its 15 full calendar years with a gain; the best year was 2017 (+128.0%) and the worst 2011 (−67.2%). Volatility has been 53.3% a year.
Related: INDL chart, INDL dividends. See the INDL overview for the latest quote and fund facts.
INDL performance FAQ
What is the INDL return over the past year?
INDL returned −33.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 34.5%.
What is the average annual return of INDL?
INDL has returned −7.6% a year over 5 years, −3.2% a year over 10 years, −7.4% a year since March 11, 2010 (total return, distributions reinvested).
How much would $10,000 invested in INDL be worth?
$10,000 invested in INDL at its first recorded close on March 11, 2010 would be worth about $2,769 on October 23, 2026 with distributions reinvested.
What was the worst year for INDL?
The worst calendar year was 2011, with a total return of −67.2%. The best was 2017 at +128.0%.
What is the biggest drawdown of INDL?
The largest peak-to-trough decline was −95.7% between November 5, 2010 and March 23, 2020. It has not yet recovered to that high; it is 80.6% below its peak.
How volatile is INDL?
Over the past 3 years INDL had an annualized volatility of 27.0% and a Sharpe ratio of -0.20 (excess return over 1–3 month T-bills per unit of risk).