GUSH vs. LULG
GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) and LULG (Leverage Shares 2X Long LULU Daily ETF) are both Leveraged Equities funds. GUSH is passively managed, while LULG is actively managed. Their -0.22 correlation means they have often moved in opposite directions in the past. GUSH charges 1.17%/yr vs 0.75%/yr for LULG.
Performance
GUSH vs. LULG - 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 LULG's -71.17% 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%
LULG
- 1D
- 7.93%
- 1M
- 6.56%
- 6M
- -60.15%
- YTD
- -71.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.17M | $33.48M | $31.85M | |
| $601.16K | $636.17K | $1.12M |
GUSH vs. LULG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 78.07% | 0.06% |
LULG Leverage Shares 2X Long LULU Daily ETF | -71.17% | 55.59% |
Correlation
The correlation between GUSH and LULG is -0.22, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | -0.22 |
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Return for Risk
GUSH vs. LULG — Risk / Return Rank
GUSH
LULG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUSH vs. LULG - 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 LULU Daily ETF (LULG). 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 | LULG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | — | — |
| Martin ratioReturn relative to average drawdown | 5.11 | — | — |
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Drawdowns
GUSH vs. LULG - Drawdown Comparison
The maximum GUSH drawdown since its inception was -99.98%, which is greater than LULG's maximum drawdown of -79.88%. Use the drawdown chart below to compare losses from any high point for GUSH and LULG.
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Drawdown Indicators
| GUSH | LULG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -79.88% | -20.10% |
Max Drawdown (1Y)Largest decline over 1 year | -36.18% | — | — |
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 | -99.78% | -73.30% | -26.48% |
Average DrawdownAverage peak-to-trough decline | -92.98% | -42.62% | -50.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.99% | — | — |
Volatility
GUSH vs. LULG - Volatility Comparison
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Volatility by Period
| GUSH | LULG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.07% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 45.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 56.62% | 86.02% | -29.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.48% | 86.02% | -18.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.80% | 86.02% | +6.78% |
GUSH vs. LULG - Expense Ratio Comparison
GUSH has a 1.17% expense ratio, which is higher than LULG's 0.75% expense ratio.
Dividends
GUSH vs. LULG - Dividend Comparison
GUSH's dividend yield for the trailing twelve months is around 1.22%, while LULG 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% |
LULG Leverage Shares 2X Long LULU Daily ETF | 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 LULG 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, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LULG is cheaper with a 0.75% expense ratio, compared with 1.17% for GUSH.
GUSH has the higher dividend yield at 1.22%, compared with 0.00% for LULG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.17% for GUSH and 0.75% for LULG.
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