MSTX vs. GUSH
Compare and contrast key facts about Defiance Daily Target 2X Long MSTR ETF (MSTX) and Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH).
MSTX and GUSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTX is an actively managed fund by Defiance. It was launched on Aug 14, 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
MSTX vs. GUSH - Performance Comparison
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MSTX vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSTX Defiance Daily Target 2X Long MSTR ETF | -49.22% | -89.06% | 137.37% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 102.61% | -19.39% | -12.40% |
Returns By Period
In the year-to-date period, MSTX achieves a -49.22% return, which is significantly lower than GUSH's 102.61% return.
MSTX
- 1D
- 5.68%
- 1M
- -13.11%
- YTD
- -49.22%
- 6M
- -90.86%
- 1Y
- -92.42%
- 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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MSTX vs. GUSH - Expense Ratio Comparison
MSTX has a 1.29% expense ratio, which is higher than GUSH's 1.17% expense ratio.
Return for Risk
MSTX vs. GUSH — Risk / Return Rank
MSTX
GUSH
MSTX vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MSTR ETF (MSTX) 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.
| MSTX | GUSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.63 | 1.02 | -1.65 |
Sortino ratioReturn per unit of downside risk | -1.48 | 1.55 | -3.04 |
Omega ratioGain probability vs. loss probability | 0.84 | 1.22 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | -0.96 | 1.61 | -2.57 |
Martin ratioReturn relative to average drawdown | -1.43 | 4.01 | -5.44 |
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
| MSTX | GUSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | 1.02 | -1.65 |
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 | -0.42 | -0.43 | +0.01 |
Correlation
The correlation between MSTX and GUSH is 0.20, 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
MSTX vs. GUSH - Dividend Comparison
MSTX has not paid dividends to shareholders, while GUSH's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% | 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
MSTX vs. GUSH - Drawdown Comparison
The maximum MSTX drawdown since its inception was -98.66%, roughly equal to the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for MSTX and GUSH.
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Drawdown Indicators
| MSTX | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.66% | -99.98% | +1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -96.62% | -43.67% | -52.95% |
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 | -98.44% | -99.75% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -66.95% | -92.81% | +25.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.85% | 17.54% | +47.31% |
Volatility
MSTX vs. GUSH - Volatility Comparison
Defiance Daily Target 2X Long MSTR ETF (MSTX) has a higher volatility of 37.25% compared to Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) at 14.01%. This indicates that MSTX's price experiences larger fluctuations and is considered to be riskier 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
| MSTX | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.25% | 14.01% | +23.24% |
Volatility (6M)Calculated over the trailing 6-month period | 111.13% | 38.39% | +72.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 147.32% | 67.12% | +80.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.73% | 68.80% | +100.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 169.73% | 94.28% | +75.45% |