- 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
- $243M
Highlights
- Avg. Volume (1M)
- 907K
- Avg. Volume Value (1M)
- $32.68M
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 84.3% since the beginning of the year. GUSH is currently trading at $40 per share. Investors who bought $1,000 worth of GUSH shares 5 years ago would now be looking at an investment worth $2,540.
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Returns By Period
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has returned 84.27% so far this year and 87.82% over the past 12 months. Over the last ten years, GUSH has returned -34.13% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares
- 1D
- 2.66%
- 1M
- 29.75%
- 6M
- 50.64%
- YTD
- 84.27%
- 1Y
- 87.82%
- 3Y*
- 5.22%
- 5Y*
- 20.49%
- 10Y*
- -34.13%
- ALL TIME*
- -41.90%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
GUSH Monthly Returns History
Based on dividend-adjusted daily data since May 29, 2015, GUSH's average daily return is -0.01%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.
Historically, 44% of months were positive and 56% 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% | -11.77% | 30.64% | 84.27% | |||||
| 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 -32.25%, beta of 2.88, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since May 29, 2015.
- This ETF participated in 263.29% 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
- -32.25%
- Beta
- 2.88
- R²
- 0.28
- Upside Capture
- 169.74%
- Downside Capture
- 263.29%
Expense Ratio
GUSH has a high expense ratio of 1.17%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GUSH ranks 50 for risk / return — above 50% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return 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 | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.00 | +0.07 |
| Martin ratioReturn relative to average drawdown | 4.68 | 8.49 | -3.81 |
Dividends
Dividend History
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares provided a 1.18% dividend yield over the last twelve months, with an annual payout of $0.47 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.57 | $0.82 | $0.98 | $0.17 | $0.00 | $0.02 | $6.15 | $1.35 | $0.00 | $165.53 |
Dividend yield | 1.18% | 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 | $0.08 | $0.00 | $0.22 | |||||
| 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 99.77%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-99.98%Mar 2020 | 4y 9mo | — | 11y 1moJun 2015 - now | COVID crash2020 |
-5.75%Jun 2015 | 1d | 6d | 6dJun 2015 - Jun 2015 | — |
-2.55%Jun 2015 | 1d | 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 | -99.77% | -1.58% | -98.19% |
Average DrawdownAverage peak-to-trough decline | -92.98% | -10.70% | -82.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.04% | 2.14% | +13.90% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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