GUSH vs. FUTG
GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. GUSH is passively managed, while FUTG is actively managed. At a correlation of -0.22, they often move in opposite directions. GUSH charges 1.17%/yr vs 0.75%/yr for FUTG.
Performance
GUSH vs. FUTG - Performance Comparison
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Returns By Period
In the year-to-date period, GUSH achieves a 73.60% return, which is significantly higher than FUTG's -75.86% return.
GUSH
- 1D
- 0.03%
- 1M
- -11.53%
- YTD
- 73.60%
- 6M
- 49.22%
- 1Y
- 84.57%
- 3Y*
- 14.08%
- 5Y*
- 11.55%
- 10Y*
- -36.93%
FUTG
- 1D
- -1.36%
- 1M
- -71.11%
- YTD
- -75.86%
- 6M
- -77.93%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUSH vs. FUTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 73.60% | -0.89% |
FUTG Leverage Shares 2X Long FUTU Daily ETF | -75.86% | -0.80% |
Correlation
The correlation between GUSH and FUTG is -0.22, 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 (All Time) Calculated using the full available price history since Oct 15, 2025 | -0.22 |
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Return for Risk
GUSH vs. FUTG — Risk / Return Rank
GUSH
FUTG
GUSH vs. FUTG - 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 Leverage Shares 2X Long FUTU Daily ETF (FUTG). 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.
| GUSH | FUTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | — | — |
| Martin ratioReturn relative to average drawdown | 6.75 | — | — |
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
| GUSH | FUTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.44 | -0.66 | +0.23 |
Drawdowns
GUSH vs. FUTG - Drawdown Comparison
The maximum GUSH drawdown since its inception was -99.98%, which is greater than FUTG's maximum drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for GUSH and FUTG.
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Drawdown Indicators
| GUSH | FUTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -86.19% | -13.79% |
Max Drawdown (1Y)Largest decline over 1 year | -28.94% | — | — |
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 | -99.79% | -84.51% | -15.28% |
Average DrawdownAverage peak-to-trough decline | -92.92% | -40.62% | -52.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.58% | — | — |
Volatility
GUSH vs. FUTG - Volatility Comparison
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Volatility by Period
| GUSH | FUTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 43.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.49% | 135.59% | -80.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.21% | 135.59% | -67.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.70% | 135.59% | -41.89% |
GUSH vs. FUTG - Expense Ratio Comparison
GUSH has a 1.17% expense ratio, which is higher than FUTG's 0.75% expense ratio.
Dividends
GUSH vs. FUTG - Dividend Comparison
GUSH's dividend yield for the trailing twelve months is around 1.44%, while FUTG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FUTG Leverage Shares 2X Long FUTU Daily ETF | 0.00% | 0.00% | 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
GUSH and FUTG have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FUTG is cheaper with a 0.75% expense ratio, compared with 1.17% for GUSH.
GUSH has the higher dividend yield at 1.44%, compared with 0.00% for FUTG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.17% for GUSH and 0.75% for FUTG.
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