- ISIN
- US25460G5009
- CUSIP
- 25460G500
- Issuer
- Direxion
- Inception Date
- May 28, 2015
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- S&P Oil & Gas Exploration & Production Select Industry Index (300%)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $211M
Share Price Chart
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Performance
GUSH Performance Chart
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) is up 42.9% since the beginning of the year. GUSH is currently trading at $31 per share. Investors who bought $1,000 worth of GUSH shares 5 years ago would now be looking at an investment worth $1,403.
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Returns By Period
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has returned 42.86% so far this year and 22.58% over the past 12 months. Over the last ten years, GUSH has returned -37.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares
- 1D
- 3.14%
- 1M
- -18.97%
- YTD
- 42.86%
- 6M
- 44.72%
- 1Y
- 22.58%
- 3Y*
- 6.96%
- 5Y*
- 7.01%
- 10Y*
- -37.00%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GUSH Monthly Returns History
Based on dividend-adjusted daily data since May 29, 2015, GUSH's average daily return is -0.02%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 43% of months were positive and 57% were negative. The best month was Apr 2020 with a return of +162.8%, while the worst month was Mar 2020 at -95.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, GUSH closed higher 51% of trading days. The best single day was Mar 13, 2020 with a return of +43.3%, while the worst single day was Mar 9, 2020 at -81.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 22.33% | 18.66% | 39.57% | -5.43% | -16.57% | -10.63% | 42.86% | ||||||
| 2025 | 1.94% | -5.57% | 0.98% | -33.42% | 15.37% | 10.90% | 2.81% | 6.71% | -0.88% | -9.15% | 10.74% | -11.02% | -19.39% |
| 2024 | -6.51% | 10.40% | 22.24% | -5.27% | 0.08% | -8.27% | 0.39% | -10.68% | -10.73% | -2.23% | 22.61% | -17.11% | -12.73% |
| 2023 | 6.39% | -12.32% | -8.46% | -1.76% | -14.70% | 18.83% | 22.19% | 7.31% | -1.08% | -4.81% | -10.61% | -1.15% | -7.23% |
| 2022 | 21.52% | 19.42% | 31.31% | -5.08% | 33.56% | -41.92% | 29.19% | 9.67% | -26.22% | 44.21% | -0.94% | -20.56% | 66.47% |
| 2021 | 18.89% | 53.92% | 0.89% | -4.20% | 21.69% | 17.13% | -28.09% | -1.81% | 35.52% | 20.00% | -17.68% | -3.50% | 129.94% |
Benchmark Metrics
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares has an annualized alpha of -34.26%, beta of 2.90, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since May 29, 2015.
- This ETF participated in 260.74% of S&P 500 Index downside but only 169.74% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.28 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -34.26%
- Beta
- 2.90
- R²
- 0.28
- Upside Capture
- 169.74%
- Downside Capture
- 260.74%
Expense Ratio
GUSH has a high expense ratio of 1.17%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GUSH ranks 16 for risk / return — in the bottom 16% 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 S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) 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.
| GUSH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 2.78 | -2.16 |
| Martin ratioReturn relative to average drawdown | 1.67 | 12.44 | -10.77 |
Dividends
Dividend History
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares provided a 1.75% dividend yield over the last twelve months, with an annual payout of $0.54 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.57 | $0.82 | $0.98 | $0.17 | $0.00 | $0.02 | $6.15 | $1.35 | $0.00 | $165.53 |
Dividend yield | 1.75% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x 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 | $0.14 | $0.00 | $0.00 | $0.00 | $0.14 | ||||||
| 2025 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.11 | $0.57 |
| 2024 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.18 | $0.82 |
| 2023 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.21 | $0.98 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.00 | $0.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
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 S&P Oil & Gas Exploration & Production Bull 2x 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 S&P Oil & Gas Exploration & Production Bull 2x Shares was 99.98%, occurring on Mar 23, 2020. The portfolio has not yet recovered.
The current Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares drawdown is 99.83%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -99.98%Mar 2020 | 4y 9mo | — | 11y 15dJun 2015 - now |
2015 pullback2015 | -5.75%Jun 2015 | 0s | 6d | 6dJun 2015 - Jun 2015 |
2015 pullback2015 | -2.55%Jun 2015 | 0s | 2d | 2dJun 2015 - Jun 2015 |
Drawdown Indicators
| GUSH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -56.78% | -43.20% |
Max Drawdown (1Y)Largest decline over 1 year | -36.18% | -9.10% | -27.08% |
Max Drawdown (3Y)Largest decline over 3 years | -63.59% | -18.90% | -44.69% |
Max Drawdown (5Y)Largest decline over 5 years | -73.64% | -25.43% | -48.21% |
Max Drawdown (10Y)Largest decline over 10 years | -99.94% | -33.92% | -66.02% |
Current DrawdownCurrent decline from peak | -99.83% | -1.80% | -98.03% |
Average DrawdownAverage peak-to-trough decline | -92.91% | -10.71% | -82.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.92% | 2.03% | +11.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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