GUSH vs. QTAP
Compare and contrast key facts about Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) and Innovator Growth Accelerated Plus ETF - April (QTAP).
GUSH and QTAP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GUSH is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (300%). It was launched on Apr 1, 2020. QTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
GUSH vs. QTAP - Performance Comparison
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GUSH vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 87.03% | -19.39% | -12.73% | -7.23% | 66.47% | 12.53% |
QTAP Innovator Growth Accelerated Plus ETF - April | 1.26% | 19.36% | 17.34% | 43.32% | -25.87% | 15.63% |
Returns By Period
In the year-to-date period, GUSH achieves a 87.03% return, which is significantly higher than QTAP's 1.26% return.
GUSH
- 1D
- -7.69%
- 1M
- 19.66%
- YTD
- 87.03%
- 6M
- 61.77%
- 1Y
- 53.22%
- 3Y*
- 12.65%
- 5Y*
- 17.99%
- 10Y*
- -32.91%
QTAP
- 1D
- -0.51%
- 1M
- 0.09%
- YTD
- 1.26%
- 6M
- 3.74%
- 1Y
- 19.73%
- 3Y*
- 18.89%
- 5Y*
- —
- 10Y*
- —
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GUSH vs. QTAP - Expense Ratio Comparison
GUSH has a 1.17% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Return for Risk
GUSH vs. QTAP — Risk / Return Rank
GUSH
QTAP
GUSH vs. QTAP - 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 Innovator Growth Accelerated Plus ETF - April (QTAP). 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 | QTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.22 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.35 | 1.94 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.48 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.73 | -0.46 |
Martin ratioReturn relative to average drawdown | 3.14 | 12.34 | -9.20 |
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 | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.22 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | 0.62 | -1.06 |
Correlation
The correlation between GUSH and QTAP is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GUSH vs. QTAP - Dividend Comparison
GUSH's dividend yield for the trailing twelve months is around 1.33%, while QTAP has not paid dividends to shareholders.
| 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% |
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GUSH vs. QTAP - Drawdown Comparison
The maximum GUSH drawdown since its inception was -99.98%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for GUSH and QTAP.
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Drawdown Indicators
| GUSH | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -29.44% | -70.54% |
Max Drawdown (1Y)Largest decline over 1 year | -43.67% | -12.04% | -31.63% |
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 | -99.77% | -0.51% | -99.26% |
Average DrawdownAverage peak-to-trough decline | -92.81% | -5.21% | -87.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.57% | 1.68% | +15.89% |
Volatility
GUSH vs. QTAP - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a higher volatility of 16.69% compared to Innovator Growth Accelerated Plus ETF - April (QTAP) at 0.76%. This indicates that GUSH's price experiences larger fluctuations and is considered to be riskier than QTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GUSH | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.69% | 0.76% | +15.93% |
Volatility (6M)Calculated over the trailing 6-month period | 39.24% | 2.75% | +36.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.59% | 16.31% | +51.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.73% | 19.02% | +49.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.30% | 19.02% | +75.28% |