METD vs. GUSH
METD (Direxion Daily META Bear 1X ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both exchange-traded funds - METD is a Inverse Equities fund actively managed by Direxion, while GUSH is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (300%). METD is actively managed, while GUSH is passively managed. Over the past year, METD returned 24.41% vs 87.82% for GUSH. Their 0.04 correlation means their historical movements had little consistent relationship. METD charges 1.00%/yr vs 1.17%/yr for GUSH.
Performance
METD vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, METD achieves a 10.02% return, which is significantly lower than GUSH's 84.27% return.
METD
- 1D
- -3.30%
- 1M
- 3.04%
- 6M
- 20.93%
- YTD
- 10.02%
- 1Y
- 24.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.68%
GUSH
- 1D
- 2.66%
- 1M
- 29.75%
- 6M
- 50.64%
- YTD
- 84.27%
- 1Y
- 87.82%
- 3Y*
- 5.22%
- 5Y*
- 20.49%
- 10Y*
- -34.13%
- ALL TIME*
- -41.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.81M | $32.68M | $31.93M | |
| $10.85M | $12.45M | $7.88M |
METD vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
METD Direxion Daily META Bear 1X ETF | 10.02% | -17.33% | -15.84% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 84.27% | -19.39% | -19.93% |
Correlation
The correlation between METD and GUSH is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024 | 0.04 |
The correlation between METD and GUSH shifts across timeframes, from 0.04 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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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.
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.
| METD | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.07 | -0.97 |
| Martin ratioReturn relative to average drawdown | 2.50 | 4.68 | -2.19 |
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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 | -26.03% | -36.18% | +10.15% |
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 | -29.29% | -99.77% | +70.48% |
Average DrawdownAverage peak-to-trough decline | -28.87% | -92.98% | +64.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.39% | 16.04% | -4.65% |
Volatility
METD vs. GUSH - Volatility Comparison
The current volatility for Direxion Daily META Bear 1X ETF (METD) is 15.23%, while Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a volatility of 16.40%. This indicates that METD experiences smaller price fluctuations and is considered to be less risky than GUSH based on this measure. 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 | 15.23% | 16.40% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 30.46% | 45.15% | -14.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.18% | 56.92% | -16.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.75% | 67.48% | -29.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.75% | 92.83% | -55.08% |
METD vs. GUSH - Expense Ratio Comparison
METD has a 1.00% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
METD vs. GUSH - Dividend Comparison
METD's dividend yield for the trailing twelve months is around 2.51%, more than GUSH's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 1.18% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
METD Direxion Daily META Bear 1X ETF | 2.51% | 3.35% | 2.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
METD and GUSH have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUSH has higher volatility (16.40%) compared to METD (15.23%). In terms of maximum drawdown, METD dropped -46.03% vs GUSH's -99.98%.
On 1-year performance, GUSH leads with 87.82% vs 24.41% for METD. On fees, METD is cheaper at 1.00% per year. On volatility, METD has been the lower-risk option at 15.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GUSH has performed better with a 87.82% return vs 24.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
METD is cheaper with a 1.00% expense ratio, compared with 1.17% for GUSH.
METD has the higher dividend yield at 2.51%, compared with 1.18% for GUSH.
METD is categorized as Inverse Equities, while GUSH is Leveraged Equities. Their fees differ too: 1.00% for METD and 1.17% for GUSH.
GUSH currently has the higher Sharpe Ratio (1.32 vs 0.74), 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.
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