GUSH vs. TYD

Last updated Jun 13, 2026

GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - GUSH is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (300%), while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, GUSH returned -36.52%/yr vs -5.12%/yr for TYD. At a correlation of -0.21, they often move in opposite directions. GUSH charges 1.17%/yr vs 1.09%/yr for TYD.

Performance

GUSH vs. TYD - 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 Direxion Daily 7-10 Year Treasury Bull 3X (TYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GUSH achieves a 61.19% return, which is significantly higher than TYD's -5.80% return. Over the past 10 years, GUSH has underperformed TYD with an annualized return of -36.52%, while TYD has yielded a comparatively higher -5.12% annualized return.

GUSH

• 1D: 2.06%
• 1M: -5.00%
• YTD: 61.19%
• 6M: 49.15%
• 1Y: 49.53%
• 3Y*: 8.93%
• 5Y*: 9.46%
• 10Y*: -36.52%

TYD

• 1D: -0.33%
• 1M: -0.25%
• YTD: -5.80%
• 6M: -5.59%
• 1Y: -1.08%
• 3Y*: -3.95%
• 5Y*: -13.19%
• 10Y*: -5.12%

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

GUSH vs. TYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares	61.19%	-19.39%	-12.73%	-7.23%	66.47%	129.94%	-97.38%	-52.68%	-74.28%	-40.21%
TYD Direxion Daily 7-10 Year Treasury Bull 3X	-5.80%	11.68%	-13.89%	-2.87%	-43.32%	-11.36%	27.62%	17.88%	0.76%	5.64%

Correlation

The correlation between GUSH and TYD is -0.27, 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 (1Y) Calculated over the trailing 1-year period	-0.27
Correlation (3Y) Calculated over the trailing 3-year period	-0.10
Correlation (5Y) Calculated over the trailing 5-year period	-0.15
Correlation (10Y) Calculated over the trailing 10-year period	-0.21
Correlation (All Time) Calculated using the full available price history since May 29, 2015	-0.21

The correlation between GUSH and TYD shifts across timeframes, from -0.27 (1 year) to -0.10 (3 years), reflecting how their relationship changes across market environments.

GUSH vs. TYD - Sectors Allocation Comparison

Sectors	GUSH	TYD
Energy	97.2%	-
Basic Materials	2.9%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	21.2%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GUSH vs. TYD — Risk / Return Rank

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

GUSH

GUSH Risk / Return Rank: 31
GUSH Sharpe Ratio Rank: 28
GUSH Sortino Ratio Rank: 28
GUSH Omega Ratio Rank: 28
GUSH Calmar Ratio Rank: 40
GUSH Martin Ratio Rank: 30

TYD

TYD Risk / Return Rank: 8
TYD Sharpe Ratio Rank: 9
TYD Sortino Ratio Rank: 8
TYD Omega Ratio Rank: 8
TYD Calmar Ratio Rank: 9
TYD Martin Ratio Rank: 9

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. TYD - 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 Direxion Daily 7-10 Year Treasury Bull 3X (TYD). 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	TYD	Difference
Sharpe ratio: Return per unit of total volatility	0.89	-0.08	+0.97
Sortino ratio: Return per unit of downside risk	1.40	-0.01	+1.42
Omega ratio: Gain probability vs. loss probability	1.17	1.00	+0.17
Calmar ratio: Return relative to maximum drawdown	1.72	-0.08	+1.80
Martin ratio: Return relative to average drawdown	3.77	-0.20	+3.98

GUSH vs. TYD - Sharpe Ratio Comparison

The current GUSH Sharpe Ratio is 0.89, which is higher than the TYD Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of GUSH and TYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GUSH vs. TYD - Drawdown Comparison

The maximum GUSH drawdown since its inception was -99.98%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for GUSH and TYD.

Drawdown Indicators

	GUSH	TYD	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-64.28%	-35.70%
Max Drawdown (1Y) Largest decline over 1 year	-28.94%	-13.54%	-15.40%
Max Drawdown (3Y) Largest decline over 3 years	-63.59%	-24.62%	-38.97%
Max Drawdown (5Y) Largest decline over 5 years	-73.64%	-59.84%	-13.80%
Max Drawdown (10Y) Largest decline over 10 years	-99.94%	-64.28%	-35.66%
Current Drawdown Current decline from peak	-99.80%	-59.06%	-40.74%
Average Drawdown Average peak-to-trough decline	-92.90%	-22.00%	-70.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.16%	5.30%	+7.86%

Volatility

GUSH vs. TYD - Volatility Comparison

Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a higher volatility of 18.07% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 4.49%. This indicates that GUSH's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GUSH	TYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.07%	4.49%	+13.58%
Volatility (6M) Calculated over the trailing 6-month period	44.41%	9.76%	+34.65%
Volatility (1Y) Calculated over the trailing 1-year period	56.06%	13.86%	+42.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.35%	22.97%	+45.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.58%	20.36%	+73.22%

GUSH vs. TYD - Expense Ratio Comparison

GUSH has a 1.17% expense ratio, which is higher than TYD's 1.09% expense ratio.

Dividends

GUSH vs. TYD - Dividend Comparison

GUSH's dividend yield for the trailing twelve months is around 1.55%, less than TYD's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares	1.55%	2.60%	2.96%	3.00%	0.47%	0.00%	0.20%	1.68%	0.17%	0.00%	3.26%	0.00%
TYD Direxion Daily 7-10 Year Treasury Bull 3X	3.22%	2.97%	3.10%	2.71%	0.55%	0.00%	9.80%	0.92%	1.10%	0.01%	6.84%	1.65%

Frequently Asked Questions

Can I hold both GUSH and TYD in my portfolio?

GUSH and TYD have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GUSH or TYD?

GUSH has higher volatility (18.07%) compared to TYD (4.49%). In terms of maximum drawdown, GUSH dropped -99.98% vs TYD's -64.28%.

Which ETF is better, GUSH or TYD?

On 10-year performance, TYD leads with -5.12% vs -36.52% for GUSH. On fees, TYD is cheaper at 1.09% per year. On volatility, TYD has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GUSH or TYD?

Over the 10-year period, TYD has performed better with a -5.12% return vs -36.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GUSH or TYD?

TYD is cheaper with a 1.09% expense ratio, compared with 1.17% for GUSH.

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

TYD has the higher dividend yield at 3.22%, compared with 1.55% for GUSH.

What is the main difference between GUSH and TYD?

GUSH is categorized as Leveraged Equities, while TYD is Leveraged Bonds. GUSH tracks S&P Oil & Gas Exploration & Production Select Industry Index (300%), while TYD tracks NYSE 7-10 Year Treasury Bond Index. Their fees differ too: 1.17% for GUSH and 1.09% for TYD.

Which has better risk-adjusted returns?

GUSH currently has the higher Sharpe Ratio (0.89 vs -0.08), 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.