GUSH vs. OKTG

Last updated Jul 17, 2026

GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) and OKTG (Leverage Shares 2X Long OKTA Daily ETF) are both Leveraged Equities funds. GUSH is passively managed, while OKTG is actively managed. At a correlation of -0.02, they often move in opposite directions. GUSH charges 1.17%/yr vs 0.75%/yr for OKTG.

Performance

GUSH vs. OKTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) and Leverage Shares 2X Long OKTA Daily ETF (OKTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GUSH achieves a 63.46% return, which is significantly lower than OKTG's 110.88% return.

GUSH

• 1D: 1.89%
• 1M: 12.19%
• 6M: 54.37%
• YTD: 63.46%
• 1Y: 57.75%
• 3Y*: 7.54%
• 5Y*: 17.69%
• 10Y*: -36.14%

OKTG

• 1D: -4.61%
• 1M: 54.71%
• 6M: 88.98%
• YTD: 110.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GUSH vs. OKTG - Yearly Performance Comparison

	2026 (YTD)	2025
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares	63.46%	-11.31%
OKTG Leverage Shares 2X Long OKTA Daily ETF	110.88%	5.90%

Correlation

The correlation between GUSH and OKTG is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	-0.02

Return for Risk

GUSH vs. OKTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GUSH

GUSH Risk / Return Rank: 34
GUSH Sharpe Ratio Rank: 34
GUSH Sortino Ratio Rank: 34
GUSH Omega Ratio Rank: 34
GUSH Calmar Ratio Rank: 38
GUSH Martin Ratio Rank: 32

OKTG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GUSH vs. OKTG - 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 OKTA Daily ETF (OKTG). 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	OKTG	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.55	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.60	—	—
Martin ratio: Return relative to average drawdown	3.69	—	—

Drawdowns

GUSH vs. OKTG - Drawdown Comparison

The maximum GUSH drawdown since its inception was -99.98%, which is greater than OKTG's maximum drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for GUSH and OKTG.

Drawdown Indicators

	GUSH	OKTG	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-60.69%	-39.29%
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 Drawdown Current decline from peak	-99.80%	-9.20%	-90.60%
Average Drawdown Average peak-to-trough decline	-92.96%	-22.77%	-70.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.71%	—	—

Volatility

Volatility by Period

	GUSH	OKTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	44.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	56.34%	133.12%	-76.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.75%	133.12%	-65.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.95%	133.12%	-40.17%

GUSH vs. OKTG - Expense Ratio Comparison

GUSH has a 1.17% expense ratio, which is higher than OKTG's 0.75% expense ratio.

Dividends

GUSH vs. OKTG - Dividend Comparison

GUSH's dividend yield for the trailing twelve months is around 1.33%, while OKTG 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	1.33%	2.60%	2.96%	3.00%	0.47%	0.00%	0.20%	1.68%	0.17%	0.00%	3.26%
OKTG Leverage Shares 2X Long OKTA 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

Can I hold both GUSH and OKTG in my portfolio?

GUSH and OKTG 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.

Which ETF is better, GUSH or OKTG?

On fees, OKTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GUSH or OKTG?

OKTG is cheaper with a 0.75% expense ratio, compared with 1.17% for GUSH.

Which ETF pays a higher dividend yield, GUSH or OKTG?

GUSH has the higher dividend yield at 1.33%, compared with 0.00% for OKTG.

What is the main difference between GUSH and OKTG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.17% for GUSH and 0.75% for OKTG.