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Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) Sharpe Ratio: 0.73

ETF · Currency in USD · Last updated Jul 14, 2026

GUSH is a passive ETF by Direxion tracking the investment results of the S&P Oil & Gas Exploration & Production Select Industry Index (300%). GUSH launched on May 28, 2015 and has a 1.17% expense ratio.

GUSH's Sharpe Ratio of 0.73 indicates that for each unit of volatility, it generates 0.73 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

GUSH Sharpe Ratio Rank

GUSH Sharpe Ratio Rank: 25.025
Below Average

GUSH ranks above 25.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

GUSH Sharpe Ratio Market Positioning

The chart shows GUSH's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.73 or lower
  • Yellow zone (middle 50%): 0.73 to 1.90
  • Green zone (top 25%): 1.90 or higher
  • Top 1%: 6.57+
  • Median: 1.39 — half of all investments score higher

How it compares to other similar ETFs

The table compares Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares's Sharpe Ratio with other ETFs in the Leveraged Equities category across multiple time periods, showing how GUSH's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MUUDirexion Daily MU Bull 2X Shares23.95
MULLGraniteShares 2x Long MU Daily ETF17.43
INTWGraniteShares 2x Long INTC Daily ETF5.93
AMUUDirexion Daily AMD Bull 2X Shares4.89
AMDLGraniteShares 2x Long AMD Daily ETF4.84
DLLLGraniteShares 2x Long DELL Daily ETF4.80
AMDGLeverage Shares 2X Long AMD Daily ETF4.78
SOXLDirexion Daily Semiconductor Bull 3X ETF4.13
LABUDirexion Daily S&P Biotech Bull 3x Shares4.09
XTAPInnovator U.S. Equity Accelerated Plus ETF3.90
GUSHDirexion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares0.73

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows GUSH's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when GUSH consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does GUSH fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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