GUSH vs. XTAP
Compare and contrast key facts about Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) and Innovator U.S. Equity Accelerated Plus ETF (XTAP).
GUSH and XTAP 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. XTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
GUSH vs. XTAP - Performance Comparison
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GUSH vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 102.61% | -19.39% | -12.73% | -7.23% | 66.47% | 12.53% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 1.66% | 17.58% | 14.26% | 23.46% | -14.68% | 11.87% |
Returns By Period
In the year-to-date period, GUSH achieves a 102.61% return, which is significantly higher than XTAP's 1.66% return.
GUSH
- 1D
- -3.93%
- 1M
- 39.57%
- YTD
- 102.61%
- 6M
- 81.38%
- 1Y
- 68.02%
- 3Y*
- 15.69%
- 5Y*
- 19.89%
- 10Y*
- -32.37%
XTAP
- 1D
- 0.08%
- 1M
- 0.65%
- YTD
- 1.66%
- 6M
- 4.34%
- 1Y
- 16.29%
- 3Y*
- 16.22%
- 5Y*
- —
- 10Y*
- —
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GUSH vs. XTAP - Expense Ratio Comparison
GUSH has a 1.17% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Return for Risk
GUSH vs. XTAP — Risk / Return Rank
GUSH
XTAP
GUSH vs. XTAP - 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 U.S. Equity Accelerated Plus ETF (XTAP). 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 | XTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.14 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.76 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.44 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.43 | +0.18 |
Martin ratioReturn relative to average drawdown | 4.01 | 9.78 | -5.76 |
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 | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.14 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.43 | 0.69 | -1.12 |
Correlation
The correlation between GUSH and XTAP is 0.38, 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. XTAP - Dividend Comparison
GUSH's dividend yield for the trailing twelve months is around 1.23%, while XTAP 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 | 1.23% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 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. XTAP - Drawdown Comparison
The maximum GUSH drawdown since its inception was -99.98%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for GUSH and XTAP.
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Drawdown Indicators
| GUSH | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -22.13% | -77.85% |
Max Drawdown (1Y)Largest decline over 1 year | -43.67% | -11.83% | -31.84% |
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 | -99.75% | 0.00% | -99.75% |
Average DrawdownAverage peak-to-trough decline | -92.81% | -3.57% | -89.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.54% | 1.73% | +15.81% |
Volatility
GUSH vs. XTAP - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a higher volatility of 14.01% compared to Innovator U.S. Equity Accelerated Plus ETF (XTAP) at 0.77%. This indicates that GUSH's price experiences larger fluctuations and is considered to be riskier than XTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GUSH | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.01% | 0.77% | +13.24% |
Volatility (6M)Calculated over the trailing 6-month period | 38.39% | 2.52% | +35.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.12% | 14.33% | +52.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.80% | 14.60% | +54.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.28% | 14.60% | +79.68% |