METD vs. GUSH
Compare and contrast key facts about Direxion Daily META Bear 1X ETF (METD) and Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH).
METD and GUSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. METD is an actively managed fund by Direxion. It was launched on Jun 5, 2024. 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.
Performance
METD vs. GUSH - Performance Comparison
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METD vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
METD Direxion Daily META Bear 1X ETF | 12.25% | -17.33% | -15.84% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 102.61% | -19.39% | -20.38% |
Returns By Period
In the year-to-date period, METD achieves a 12.25% return, which is significantly lower than GUSH's 102.61% return.
METD
- 1D
- -6.54%
- 1M
- 11.62%
- YTD
- 12.25%
- 6M
- 23.48%
- 1Y
- -7.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
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METD vs. GUSH - Expense Ratio Comparison
METD has a 1.00% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Return for Risk
METD vs. GUSH — Risk / Return Rank
METD
GUSH
METD vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bear 1X ETF (METD) 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.
| METD | GUSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.20 | 1.02 | -1.22 |
Sortino ratioReturn per unit of downside risk | 0.00 | 1.55 | -1.55 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.22 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.19 | 1.61 | -1.81 |
Martin ratioReturn relative to average drawdown | -0.27 | 4.01 | -4.28 |
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
| METD | GUSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.20 | 1.02 | -1.22 |
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 | -0.35 | -0.43 | +0.08 |
Correlation
The correlation between METD and GUSH is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
METD vs. GUSH - Dividend Comparison
METD's dividend yield for the trailing twelve months is around 2.43%, more than GUSH's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
METD Direxion Daily META Bear 1X ETF | 2.43% | 3.35% | 2.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
METD vs. GUSH - Drawdown Comparison
The maximum METD drawdown since its inception was -46.03%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for METD and GUSH.
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Drawdown Indicators
| METD | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.03% | -99.98% | +53.95% |
Max Drawdown (1Y)Largest decline over 1 year | -39.89% | -43.67% | +3.78% |
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 | -27.85% | -99.75% | +71.90% |
Average DrawdownAverage peak-to-trough decline | -28.04% | -92.81% | +64.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.13% | 17.54% | +11.59% |
Volatility
METD vs. GUSH - Volatility Comparison
Direxion Daily META Bear 1X ETF (METD) and Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) have volatilities of 13.49% and 14.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| METD | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.49% | 14.01% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 26.76% | 38.39% | -11.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.30% | 67.12% | -26.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.27% | 68.80% | -32.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.27% | 94.28% | -58.01% |