GUSH vs. DRIP
Compare and contrast key facts about 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).
GUSH and DRIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GUSH is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (300%). It was launched on Apr 1, 2020. DRIP is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on Apr 1, 2020. Both GUSH and DRIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GUSH or DRIP.
Key characteristics
| GUSH | DRIP | |
|---|---|---|
| YTD Return | -0.33% | -9.76% |
| 1Y Return | -5.54% | -6.48% |
| 3Y Return (Ann) | 6.43% | -39.13% |
| 5Y Return (Ann) | -35.34% | -55.95% |
| Sharpe Ratio | -0.05 | -0.21 |
| Sortino Ratio | 0.23 | 0.00 |
| Omega Ratio | 1.03 | 1.00 |
| Calmar Ratio | -0.02 | -0.10 |
| Martin Ratio | -0.12 | -0.49 |
| Ulcer Index | 20.22% | 19.28% |
| Daily Std Dev | 45.01% | 45.08% |
| Max Drawdown | -99.98% | -99.90% |
| Current Drawdown | -99.83% | -99.87% |
Correlation
The correlation between GUSH and DRIP is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GUSH vs. DRIP - Performance Comparison
In the year-to-date period, GUSH achieves a -0.33% return, which is significantly higher than DRIP's -9.76% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GUSH vs. DRIP - Expense Ratio Comparison
GUSH has a 1.17% expense ratio, which is higher than DRIP's 1.07% expense ratio.
Risk-Adjusted Performance
GUSH vs. DRIP - Risk-Adjusted Performance 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.
Dividends
GUSH vs. DRIP - Dividend Comparison
GUSH's dividend yield for the trailing twelve months is around 2.65%, less than DRIP's 5.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 2.65% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 5.47% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% | 0.00% | 0.00% |
Drawdowns
GUSH vs. DRIP - Drawdown Comparison
The maximum GUSH drawdown since its inception was -99.98%, roughly equal to the maximum DRIP drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for GUSH and DRIP. For additional features, visit the drawdowns tool.
Volatility
GUSH vs. DRIP - Volatility Comparison
The current volatility for Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) is 13.60%, while Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a volatility of 14.65%. This indicates that GUSH experiences smaller price fluctuations and is considered to be less risky than DRIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.