DABS vs. GUSH
DABS (DoubleLine Asset-Backed Securities ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both exchange-traded funds - DABS is a Nontraditional Bonds fund actively managed by DoubleLine, while GUSH is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (300%). DABS is actively managed, while GUSH is passively managed. Over the past year, DABS returned 5.66% vs 75.56% for GUSH. At a correlation of -0.27, they often move in opposite directions. DABS charges 0.40%/yr vs 1.17%/yr for GUSH.
Performance
DABS vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, DABS achieves a 0.88% return, which is significantly lower than GUSH's 73.56% return.
DABS
- 1D
- -0.20%
- 1M
- 0.21%
- YTD
- 0.88%
- 6M
- 1.22%
- 1Y
- 5.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUSH
- 1D
- 2.27%
- 1M
- -12.07%
- YTD
- 73.56%
- 6M
- 49.07%
- 1Y
- 75.56%
- 3Y*
- 13.02%
- 5Y*
- 11.54%
- 10Y*
- -36.44%
DABS vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DABS DoubleLine Asset-Backed Securities ETF | 0.88% | 5.63% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 73.56% | -5.89% |
Correlation
The correlation between DABS and GUSH is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2025 | -0.27 |
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Return for Risk
DABS vs. GUSH — Risk / Return Rank
DABS
GUSH
DABS vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Asset-Backed Securities ETF (DABS) and Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DABS | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.23 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 2.62 | +1.78 |
| Martin ratioReturn relative to average drawdown | 15.21 | 6.06 | +9.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DABS | GUSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 1.37 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.17 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.05 | -0.44 | +2.48 |
Drawdowns
DABS vs. GUSH - Drawdown Comparison
The maximum DABS drawdown since its inception was -1.47%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for DABS and GUSH.
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Drawdown Indicators
| DABS | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.47% | -99.98% | +98.51% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -28.94% | +27.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -63.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.94% | — |
Current DrawdownCurrent decline from peak | -0.49% | -99.79% | +99.30% |
Average DrawdownAverage peak-to-trough decline | -0.31% | -92.92% | +92.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 12.52% | -12.15% |
Volatility
DABS vs. GUSH - Volatility Comparison
The current volatility for DoubleLine Asset-Backed Securities ETF (DABS) is 0.71%, while Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a volatility of 20.17%. This indicates that DABS experiences smaller price fluctuations and is considered to be less risky than GUSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DABS | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 20.17% | -19.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.60% | 43.47% | -41.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 55.62% | -53.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.56% | 68.21% | -65.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.56% | 93.72% | -91.16% |
DABS vs. GUSH - Expense Ratio Comparison
DABS has a 0.40% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
DABS vs. GUSH - Dividend Comparison
DABS's dividend yield for the trailing twelve months is around 4.89%, more than GUSH's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DABS DoubleLine Asset-Backed Securities ETF | 4.89% | 3.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 1.44% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
Frequently Asked Questions
DABS and GUSH have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUSH has higher volatility (20.17%) compared to DABS (0.71%). In terms of maximum drawdown, DABS dropped -1.47% vs GUSH's -99.98%.
On 1-year performance, GUSH leads with 75.56% vs 5.66% for DABS. On fees, DABS is cheaper at 0.40% per year. On volatility, DABS has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GUSH has performed better with a 75.56% return vs 5.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DABS is cheaper with a 0.40% expense ratio, compared with 1.17% for GUSH.
DABS has the higher dividend yield at 4.89%, compared with 1.44% for GUSH.
DABS is categorized as Nontraditional Bonds, while GUSH is Leveraged Equities. They also come from different issuers: DoubleLine and Direxion. Their fees differ too: 0.40% for DABS and 1.17% for GUSH.
DABS currently has the higher Sharpe Ratio (2.28 vs 1.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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