GUSH vs. WTIU

Last updated Jun 24, 2026

GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both Leveraged Equities funds - GUSH tracks the S&P Oil & Gas Exploration & Production Select Industry Index (300%) while WTIU tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). Both are passively managed. Over the past 3 years, GUSH returned 6.88%/yr vs 0.71%/yr for WTIU. Their correlation of 0.92 suggests significant overlap in exposure. GUSH charges 1.17%/yr vs 0.95%/yr for WTIU.

Performance

GUSH vs. WTIU - 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 MicroSectors Energy 3X Leveraged ETN (WTIU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GUSH achieves a 42.54% return, which is significantly lower than WTIU's 48.25% return.

GUSH

• 1D: -0.22%
• 1M: -19.15%
• YTD: 42.54%
• 6M: 41.51%
• 1Y: 31.85%
• 3Y*: 6.88%
• 5Y*: 6.25%
• 10Y*: -37.01%

WTIU

• 1D: 1.81%
• 1M: -23.04%
• YTD: 48.25%
• 6M: 48.93%
• 1Y: 40.86%
• 3Y*: 0.71%
• 5Y*: —
• 10Y*: —

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

GUSH vs. WTIU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares	42.54%	-19.39%	-12.73%	-11.72%
WTIU MicroSectors Energy 3X Leveraged ETN	48.25%	-17.13%	-29.63%	-28.45%

Correlation

The correlation between GUSH and WTIU is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Feb 15, 2023	0.92

The correlation between GUSH and WTIU has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

GUSH vs. WTIU - Sectors Allocation Comparison

Sectors	GUSH	WTIU
Energy	96.8%	100.0%
Basic Materials	3.2%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GUSH vs. WTIU — Risk / Return Rank

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

GUSH

GUSH Risk / Return Rank: 20
GUSH Sharpe Ratio Rank: 18
GUSH Sortino Ratio Rank: 20
GUSH Omega Ratio Rank: 20
GUSH Calmar Ratio Rank: 21
GUSH Martin Ratio Rank: 20

WTIU

WTIU Risk / Return Rank: 20
WTIU Sharpe Ratio Rank: 18
WTIU Sortino Ratio Rank: 22
WTIU Omega Ratio Rank: 21
WTIU Calmar Ratio Rank: 20
WTIU Martin Ratio Rank: 20

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. WTIU - 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 MicroSectors Energy 3X Leveraged ETN (WTIU). 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	WTIU	Difference
Sharpe ratio: Return per unit of total volatility	0.57	0.60	-0.03
Sortino ratio: Return per unit of downside risk	1.08	1.19	-0.11
Omega ratio: Gain probability vs. loss probability	1.13	1.14	-0.01
Calmar ratio: Return relative to maximum drawdown	0.88	0.87	+0.01
Martin ratio: Return relative to average drawdown	2.32	2.30	+0.02

GUSH vs. WTIU - Sharpe Ratio Comparison

The current GUSH Sharpe Ratio is 0.57, which is comparable to the WTIU Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of GUSH and WTIU, 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. WTIU - Drawdown Comparison

The maximum GUSH drawdown since its inception was -99.98%, which is greater than WTIU's maximum drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for GUSH and WTIU.

Drawdown Indicators

	GUSH	WTIU	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-75.73%	-24.25%
Max Drawdown (1Y) Largest decline over 1 year	-36.18%	-47.07%	+10.89%
Max Drawdown (3Y) Largest decline over 3 years	-63.59%	-75.73%	+12.14%
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	-99.83%	-47.45%	-52.38%
Average Drawdown Average peak-to-trough decline	-92.92%	-39.19%	-53.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.77%	17.80%	-4.03%

Volatility

GUSH vs. WTIU - Volatility Comparison

The current volatility for Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) is 18.01%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 23.51%. This indicates that GUSH experiences smaller price fluctuations and is considered to be less risky than WTIU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GUSH	WTIU	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.01%	23.51%	-5.50%
Volatility (6M) Calculated over the trailing 6-month period	44.07%	56.01%	-11.94%
Volatility (1Y) Calculated over the trailing 1-year period	56.58%	68.81%	-12.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.20%	70.79%	-2.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.43%	70.79%	+22.64%

GUSH vs. WTIU - Expense Ratio Comparison

GUSH has a 1.17% expense ratio, which is higher than WTIU's 0.95% expense ratio.

Dividends

GUSH vs. WTIU - Dividend Comparison

GUSH's dividend yield for the trailing twelve months is around 1.75%, while WTIU 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	1.75%	2.60%	2.96%	3.00%	0.47%	0.00%	0.20%	1.68%	0.17%	0.00%	3.26%
WTIU MicroSectors Energy 3X Leveraged ETN	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 WTIU in my portfolio?

With a correlation of 0.93, GUSH and WTIU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GUSH or WTIU?

WTIU has higher volatility (23.51%) compared to GUSH (18.01%). In terms of maximum drawdown, GUSH dropped -99.98% vs WTIU's -75.73%.

Which ETF is better, GUSH or WTIU?

On 3-year performance, GUSH leads with 6.88% vs 0.71% for WTIU. On fees, WTIU is cheaper at 0.95% per year. On volatility, GUSH has been the lower-risk option at 18.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GUSH or WTIU?

Over the 3-year period, GUSH has performed better with a 6.88% return vs 0.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GUSH or WTIU?

WTIU is cheaper with a 0.95% expense ratio, compared with 1.17% for GUSH.

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

GUSH has the higher dividend yield at 1.75%, compared with 0.00% for WTIU.

What is the main difference between GUSH and WTIU?

GUSH tracks S&P Oil & Gas Exploration & Production Select Industry Index (300%), while WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). They also come from different issuers: Direxion and REX. Their fees differ too: 1.17% for GUSH and 0.95% for WTIU.

Which has better risk-adjusted returns?

WTIU currently has the higher Sharpe Ratio (0.60 vs 0.57), 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.