GUSH vs. XOP
Compare and contrast key facts about Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
GUSH and XOP 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. XOP is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry. It was launched on Jun 19, 2006. Both GUSH and XOP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GUSH or XOP.
Key characteristics
| GUSH | XOP | |
|---|---|---|
| YTD Return | -0.33% | 5.03% |
| 1Y Return | -5.54% | 3.09% |
| 3Y Return (Ann) | 6.43% | 12.40% |
| 5Y Return (Ann) | -35.34% | 12.73% |
| Sharpe Ratio | -0.05 | 0.22 |
| Sortino Ratio | 0.23 | 0.44 |
| Omega Ratio | 1.03 | 1.05 |
| Calmar Ratio | -0.02 | 0.09 |
| Martin Ratio | -0.12 | 0.50 |
| Ulcer Index | 20.22% | 9.65% |
| Daily Std Dev | 45.01% | 22.20% |
| Max Drawdown | -99.98% | -90.27% |
| Current Drawdown | -99.83% | -49.32% |
Correlation
The correlation between GUSH and XOP is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GUSH vs. XOP - Performance Comparison
In the year-to-date period, GUSH achieves a -0.33% return, which is significantly lower than XOP's 5.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GUSH vs. XOP - Expense Ratio Comparison
GUSH has a 1.17% expense ratio, which is higher than XOP's 0.35% expense ratio.
Risk-Adjusted Performance
GUSH vs. XOP - Risk-Adjusted Performance 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 SPDR S&P Oil & Gas Exploration & Production ETF (XOP). 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.
Dividends
GUSH vs. XOP - Dividend Comparison
GUSH's dividend yield for the trailing twelve months is around 2.65%, more than XOP's 2.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 2.65% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% | 0.00% | 0.00% | 0.00% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 2.45% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% | 1.41% | 0.84% |
Drawdowns
GUSH vs. XOP - Drawdown Comparison
The maximum GUSH drawdown since its inception was -99.98%, which is greater than XOP's maximum drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for GUSH and XOP. For additional features, visit the drawdowns tool.
Volatility
GUSH vs. XOP - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a higher volatility of 13.60% compared to SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 6.77%. This indicates that GUSH's price experiences larger fluctuations and is considered to be riskier than XOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.