LULG vs. GUSH
LULG (Leverage Shares 2X Long LULU Daily ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both Leveraged Equities funds. LULG is actively managed, while GUSH is passively managed. At a correlation of -0.17, they often move in opposite directions. LULG charges 0.75%/yr vs 1.17%/yr for GUSH.
Performance
LULG vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, LULG achieves a -78.27% return, which is significantly lower than GUSH's 42.86% return.
LULG
- 1D
- -11.57%
- 1M
- -33.75%
- YTD
- -78.27%
- 6M
- -79.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUSH
- 1D
- 3.14%
- 1M
- -18.97%
- YTD
- 42.86%
- 6M
- 44.72%
- 1Y
- 22.58%
- 3Y*
- 6.96%
- 5Y*
- 7.01%
- 10Y*
- -37.00%
LULG vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LULG Leverage Shares 2X Long LULU Daily ETF | -78.27% | 55.59% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 42.86% | 0.06% |
Correlation
The correlation between LULG and GUSH is -0.17, 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 (All Time) Calculated using the full available price history since Nov 5, 2025 | -0.17 |
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Return for Risk
LULG vs. GUSH — Risk / Return Rank
LULG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUSH
LULG vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long LULU Daily ETF (LULG) and Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH). 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.
| LULG | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.63 | — |
| Martin ratioReturn relative to average drawdown | — | 1.67 | — |
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Drawdowns
LULG vs. GUSH - Drawdown Comparison
The maximum LULG drawdown since its inception was -79.88%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for LULG and GUSH.
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Drawdown Indicators
| LULG | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.88% | -99.98% | +20.10% |
Max Drawdown (1Y)Largest decline over 1 year | — | -36.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -63.59% | — |
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 | -79.88% | -99.83% | +19.95% |
Average DrawdownAverage peak-to-trough decline | -36.43% | -92.91% | +56.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.92% | — |
Volatility
LULG vs. GUSH - Volatility Comparison
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Volatility by Period
| LULG | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.38% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 44.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 88.07% | 56.70% | +31.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.07% | 68.20% | +19.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.07% | 93.57% | -5.50% |
LULG vs. GUSH - Expense Ratio Comparison
LULG has a 0.75% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
LULG vs. GUSH - Dividend Comparison
LULG has not paid dividends to shareholders, while GUSH's dividend yield for the trailing twelve months is around 1.75%.
| 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% |
LULG Leverage Shares 2X Long LULU Daily ETF | 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
LULG and GUSH have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LULG is cheaper with a 0.75% expense ratio, compared with 1.17% for GUSH.
GUSH has the higher dividend yield at 1.75%, compared with 0.00% for LULG.
They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for LULG and 1.17% for GUSH.
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