GUSH vs. DRIP
GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) and DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) are both Leveraged Equities funds from Direxion - GUSH tracks the S&P Oil & Gas Exploration & Production Select Industry Index (300%) while DRIP tracks the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). Both are passively managed. Over the past 10 years, GUSH returned -37.01%/yr vs -42.06%/yr for DRIP. At a correlation of -0.99, they often move in opposite directions. GUSH charges 1.17%/yr vs 1.07%/yr for DRIP.
Performance
GUSH vs. DRIP - Performance Comparison
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Returns By Period
In the year-to-date period, GUSH achieves a 42.54% return, which is significantly higher than DRIP's -41.20% return. Over the past 10 years, GUSH has outperformed DRIP with an annualized return of -37.01%, while DRIP has yielded a comparatively lower -42.06% annualized return.
GUSH
- 1D
- -0.22%
- 1M
- -19.15%
- YTD
- 42.54%
- 6M
- 41.51%
- 1Y
- 31.85%
- 3Y*
- 6.88%
- 5Y*
- 6.25%
- 10Y*
- -37.01%
DRIP
- 1D
- -0.94%
- 1M
- 18.92%
- YTD
- -41.20%
- 6M
- -40.68%
- 1Y
- -42.23%
- 3Y*
- -27.26%
- 5Y*
- -38.71%
- 10Y*
- -42.06%
GUSH vs. DRIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 42.54% | -19.39% | -12.73% | -7.23% | 66.47% | 129.94% | -97.38% | -52.68% | -74.28% | -40.21% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -41.20% | -14.81% | 1.27% | -17.24% | -73.57% | -79.74% | -42.76% | -36.11% | 49.62% | -9.05% |
Correlation
The correlation between GUSH and DRIP is -1.00, 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 | -1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -1.00 |
Correlation (All Time) Calculated using the full available price history since May 29, 2015 | -0.99 |
The correlation between GUSH and DRIP has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
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Return for Risk
GUSH vs. DRIP — Risk / Return Rank
GUSH
DRIP
GUSH vs. DRIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP). 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.
| GUSH | DRIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.90 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | -0.68 | +1.57 |
| Martin ratioReturn relative to average drawdown | 2.32 | -1.25 | +3.57 |
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Drawdowns
GUSH vs. DRIP - Drawdown Comparison
The maximum GUSH drawdown since its inception was -99.98%, roughly equal to the maximum DRIP drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for GUSH and DRIP.
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Drawdown Indicators
| GUSH | DRIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -99.95% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -36.18% | -62.18% | +26.00% |
Max Drawdown (3Y)Largest decline over 3 years | -63.59% | -76.02% | +12.43% |
Max Drawdown (5Y)Largest decline over 5 years | -73.64% | -96.24% | +22.60% |
Max Drawdown (10Y)Largest decline over 10 years | -99.94% | -99.92% | -0.02% |
Current DrawdownCurrent decline from peak | -99.83% | -99.93% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -92.92% | -90.46% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.77% | 33.75% | -19.98% |
Volatility
GUSH vs. DRIP - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) have volatilities of 18.01% and 18.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GUSH | DRIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.01% | 18.04% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 44.07% | 43.68% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.58% | 56.75% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.20% | 68.37% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.43% | 96.33% | -2.90% |
GUSH vs. DRIP - Expense Ratio Comparison
GUSH has a 1.17% expense ratio, which is higher than DRIP's 1.07% expense ratio.
Dividends
GUSH vs. DRIP - Dividend Comparison
GUSH's dividend yield for the trailing twelve months is around 1.75%, less than DRIP's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.36% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% | 0.00% | 0.00% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 1.75% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
Frequently Asked Questions
GUSH and DRIP have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRIP has higher volatility (18.04%) compared to GUSH (18.01%). In terms of maximum drawdown, GUSH dropped -99.98% vs DRIP's -99.95%.
On 10-year performance, GUSH leads with -37.01% vs -42.06% for DRIP. On fees, DRIP is cheaper at 1.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GUSH has performed better with a -37.01% return vs -42.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRIP is cheaper with a 1.07% expense ratio, compared with 1.17% for GUSH.
DRIP has the higher dividend yield at 3.36%, compared with 1.75% for GUSH.
GUSH tracks S&P Oil & Gas Exploration & Production Select Industry Index (300%), while DRIP tracks S&P Oil & Gas Exploration & Production Select Industry Index (-300%). Their fees differ too: 1.17% for GUSH and 1.07% for DRIP.
GUSH currently has the higher Sharpe Ratio (0.57 vs -0.75), 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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