DUSL vs. VNOM

Last updated Jun 16, 2026

DUSL (Direxion Daily Industrials Bull 3X Shares) is Leveraged Equities fund tracking the Industrials Select Sector Index (300%), while VNOM (Viper Energy Partners LP) is a stock. Over the past 5 years, DUSL returned 21.34%/yr vs 25.82%/yr for VNOM. At a 0.37 correlation, their price movements are largely independent.

Performance

DUSL vs. VNOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Industrials Bull 3X Shares (DUSL) and Viper Energy Partners LP (VNOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUSL achieves a 39.45% return, which is significantly higher than VNOM's 16.06% return.

DUSL

• 1D: 3.99%
• 1M: 11.08%
• YTD: 39.45%
• 6M: 34.97%
• 1Y: 71.72%
• 3Y*: 45.78%
• 5Y*: 21.34%
• 10Y*: —

VNOM

• 1D: -1.55%
• 1M: -10.80%
• YTD: 16.06%
• 6M: 13.71%
• 1Y: 8.58%
• 3Y*: 27.80%
• 5Y*: 25.82%
• 10Y*: 15.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DUSL vs. VNOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUSL Direxion Daily Industrials Bull 3X Shares	39.45%	37.50%	34.75%	37.23%	-31.17%	60.72%	-19.77%	90.70%	-46.28%	47.58%
VNOM Viper Energy Partners LP	16.06%	-16.58%	65.52%	4.83%	61.69%	94.24%	-50.69%	0.66%	19.60%	44.54%

Correlation

The correlation between DUSL and VNOM is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since May 3, 2017	0.37

Over the past year, the correlation between DUSL and VNOM has dropped to 0.04 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Return for Risk

DUSL vs. VNOM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DUSL

DUSL Risk / Return Rank: 44
DUSL Sharpe Ratio Rank: 45
DUSL Sortino Ratio Rank: 43
DUSL Omega Ratio Rank: 40
DUSL Calmar Ratio Rank: 46
DUSL Martin Ratio Rank: 46

VNOM

VNOM Risk / Return Rank: 51
VNOM Sharpe Ratio Rank: 53
VNOM Sortino Ratio Rank: 45
VNOM Omega Ratio Rank: 44
VNOM Calmar Ratio Rank: 57
VNOM Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DUSL vs. VNOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Industrials Bull 3X Shares (DUSL) and Viper Energy Partners LP (VNOM). 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.

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.

	DUSL	VNOM	Difference
Sharpe ratio: Return per unit of total volatility	1.47	0.30	+1.17
Sortino ratio: Return per unit of downside risk	2.04	0.60	+1.44
Omega ratio: Gain probability vs. loss probability	1.25	1.07	+0.17
Calmar ratio: Return relative to maximum drawdown	2.14	0.66	+1.48
Martin ratio: Return relative to average drawdown	7.04	1.20	+5.84

DUSL vs. VNOM - Sharpe Ratio Comparison

The current DUSL Sharpe Ratio is 1.47, which is higher than the VNOM Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of DUSL and VNOM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DUSL vs. VNOM - Drawdown Comparison

The maximum DUSL drawdown since its inception was -85.74%, roughly equal to the maximum VNOM drawdown of -86.96%. Use the drawdown chart below to compare losses from any high point for DUSL and VNOM.

Drawdown Indicators

	DUSL	VNOM	Difference
Max Drawdown Largest peak-to-trough decline	-85.74%	-86.96%	+1.22%
Max Drawdown (1Y) Largest decline over 1 year	-33.68%	-13.03%	-20.65%
Max Drawdown (3Y) Largest decline over 3 years	-50.86%	-34.46%	-16.40%
Max Drawdown (5Y) Largest decline over 5 years	-58.43%	-34.46%	-23.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-86.96%	—
Current Drawdown Current decline from peak	-6.52%	-15.99%	+9.47%
Average Drawdown Average peak-to-trough decline	-21.96%	-31.64%	+9.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.22%	8.22%	+2.00%

Volatility

DUSL vs. VNOM - Volatility Comparison

Direxion Daily Industrials Bull 3X Shares (DUSL) has a higher volatility of 19.20% compared to Viper Energy Partners LP (VNOM) at 7.25%. This indicates that DUSL's price experiences larger fluctuations and is considered to be riskier than VNOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUSL	VNOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.20%	7.25%	+11.95%
Volatility (6M) Calculated over the trailing 6-month period	41.26%	20.01%	+21.25%
Volatility (1Y) Calculated over the trailing 1-year period	49.30%	29.23%	+20.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.94%	35.89%	+17.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.65%	45.22%	+16.43%

Dividends

DUSL vs. VNOM - Dividend Comparison

DUSL's dividend yield for the trailing twelve months is around 8.22%, more than VNOM's 5.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DUSL Direxion Daily Industrials Bull 3X Shares	8.22%	11.39%	6.61%	1.28%	0.66%	0.07%	0.48%	1.01%	1.46%	0.57%	0.00%	0.00%
VNOM Viper Energy Partners LP	5.29%	6.03%	4.89%	5.58%	7.68%	5.16%	5.85%	7.38%	8.14%	5.27%	4.83%	6.16%

Frequently Asked Questions

Can I hold both DUSL and VNOM in my portfolio?

DUSL and VNOM have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUSL or VNOM?

DUSL has higher volatility (19.20%) compared to VNOM (7.25%). In terms of maximum drawdown, DUSL dropped -85.74% vs VNOM's -86.96%.

Which has better risk-adjusted returns?

DUSL currently has the higher Sharpe Ratio (1.47 vs 0.30), 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.