GUSH vs. IFED
GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - GUSH tracks the S&P Oil & Gas Exploration & Production Select Industry Index (300%) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, GUSH returned 3.21%/yr vs 18.28%/yr for IFED. Their 0.43 correlation means their historical movements had little consistent relationship. GUSH charges 1.17%/yr vs 0.45%/yr for IFED.
Performance
GUSH vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, GUSH achieves a 78.07% return, which is significantly higher than IFED's 6.57% return.
GUSH
- 1D
- -3.36%
- 1M
- 25.39%
- 6M
- 55.55%
- YTD
- 78.07%
- 1Y
- 81.50%
- 3Y*
- 3.21%
- 5Y*
- 21.93%
- 10Y*
- -35.47%
- ALL TIME*
- -42.06%
IFED
- 1D
- -3.14%
- 1M
- 10.34%
- 6M
- 10.05%
- YTD
- 6.57%
- 1Y
- 11.16%
- 3Y*
- 18.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.17M | $33.48M | $31.85M | |
| $137.39K | $84.48K | $45.67K |
GUSH vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 78.07% | -19.39% | -12.73% | -7.23% | 66.47% | 22.91% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | 6.57% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between GUSH and IFED is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.43 |
Over the past year, the correlation between GUSH and IFED has dropped to 0.02 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
GUSH vs. IFED — Risk / Return Rank
GUSH
IFED
GUSH vs. IFED - 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 ETRACS IFED Invest with the Fed TR Index ETN (IFED). 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 | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.13 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 0.56 | +1.71 |
| Martin ratioReturn relative to average drawdown | 5.11 | 1.73 | +3.38 |
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Drawdowns
GUSH vs. IFED - Drawdown Comparison
The maximum GUSH drawdown since its inception was -99.98%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for GUSH and IFED.
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Drawdown Indicators
| GUSH | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -22.36% | -77.62% |
Max Drawdown (1Y)Largest decline over 1 year | -36.18% | -20.18% | -16.00% |
Max Drawdown (3Y)Largest decline over 3 years | -63.59% | -22.36% | -41.23% |
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 | -99.78% | -10.51% | -89.27% |
Average DrawdownAverage peak-to-trough decline | -92.98% | -5.85% | -87.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.99% | 6.47% | +9.52% |
Volatility
GUSH vs. IFED - Volatility Comparison
The current volatility for Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) is 17.07%, while ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a volatility of 24.37%. This indicates that GUSH experiences smaller price fluctuations and is considered to be less risky than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GUSH | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.07% | 24.37% | -7.30% |
Volatility (6M)Calculated over the trailing 6-month period | 45.28% | 28.13% | +17.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.62% | 29.53% | +27.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.48% | 22.60% | +44.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.80% | 22.60% | +70.20% |
GUSH vs. IFED - Expense Ratio Comparison
GUSH has a 1.17% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
GUSH vs. IFED - Dividend Comparison
GUSH's dividend yield for the trailing twelve months is around 1.22%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 1.22% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GUSH and IFED have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFED has higher volatility (24.37%) compared to GUSH (17.07%). In terms of maximum drawdown, GUSH dropped -99.98% vs IFED's -22.36%.
On 3-year performance, IFED leads with 18.28% vs 3.21% for GUSH. On fees, IFED is cheaper at 0.45% per year. On volatility, GUSH has been the lower-risk option at 17.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IFED has performed better with a 18.28% return vs 3.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFED is cheaper with a 0.45% expense ratio, compared with 1.17% for GUSH.
GUSH has the higher dividend yield at 1.22%, compared with 0.00% for IFED.
GUSH tracks S&P Oil & Gas Exploration & Production Select Industry Index (300%), while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Direxion and UBS. Their fees differ too: 1.17% for GUSH and 0.45% for IFED.
GUSH currently has the higher Sharpe Ratio (1.45 vs 0.38), 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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