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. At a correlation of -0.19, they often move in opposite directions. 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 69.71% return, which is significantly higher than LULG's -67.76% return.
GUSH
- 1D
- 1.40%
- 1M
- -9.75%
- YTD
- 69.71%
- 6M
- 53.49%
- 1Y
- 78.64%
- 3Y*
- 12.18%
- 5Y*
- 10.98%
- 10Y*
- -36.58%
LULG
- 1D
- -8.49%
- 1M
- -12.42%
- YTD
- -67.76%
- 6M
- -59.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUSH vs. LULG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 69.71% | 1.82% |
LULG Leverage Shares 2X Long LULU Daily ETF | -67.76% | 47.31% |
Correlation
The correlation between GUSH and LULG is -0.19, 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 Nov 6, 2025 | -0.19 |
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Return for Risk
GUSH vs. LULG — Risk / Return Rank
GUSH
LULG
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.
| GUSH | LULG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | — | — |
Sortino ratioReturn per unit of downside risk | 1.88 | — | — |
Omega ratioGain probability vs. loss probability | 1.23 | — | — |
Calmar ratioReturn relative to maximum drawdown | 2.88 | — | — |
Martin ratioReturn relative to average drawdown | 6.68 | — | — |
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 | LULG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.44 | -0.86 | +0.42 |
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 -73.18%. 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% | -73.18% | -26.80% |
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% | -70.14% | -29.65% |
Average DrawdownAverage peak-to-trough decline | -92.91% | -33.19% | -59.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.46% | — | — |
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 | 20.72% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 43.44% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 55.63% | 86.01% | -30.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.20% | 86.01% | -17.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.74% | 86.01% | +7.73% |
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 1.47%, 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 | 1.47% | 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 -0.19, 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 1.47%, 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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