NUG vs. GUSH
NUG (Leverage Shares 2X Long NU Daily ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both Leveraged Equities funds. NUG is actively managed, while GUSH is passively managed. At a correlation of -0.28, they often move in opposite directions. NUG charges 0.75%/yr vs 1.17%/yr for GUSH.
Performance
NUG vs. GUSH - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NUG achieves a -49.34% return, which is significantly lower than GUSH's 42.86% return.
NUG
- 1D
- 1.13%
- 1M
- -1.26%
- YTD
- -49.34%
- 6M
- -48.76%
- 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%
NUG vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NUG Leverage Shares 2X Long NU Daily ETF | -49.34% | 9.30% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 42.86% | -11.31% |
Correlation
The correlation between NUG and GUSH is -0.28, 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 17, 2025 | -0.28 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NUG vs. GUSH — Risk / Return Rank
NUG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUSH
NUG vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NU Daily ETF (NUG) 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.
| NUG | 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 | — |
Loading charts...
Drawdowns
NUG vs. GUSH - Drawdown Comparison
The maximum NUG drawdown since its inception was -66.15%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for NUG and GUSH.
Loading charts...
Drawdown Indicators
| NUG | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.15% | -99.98% | +33.83% |
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 | -59.01% | -99.83% | +40.82% |
Average DrawdownAverage peak-to-trough decline | -31.80% | -92.91% | +61.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.92% | — |
Volatility
NUG vs. GUSH - Volatility Comparison
Loading charts...
Volatility by Period
| NUG | 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 | 79.90% | 56.70% | +23.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.90% | 68.20% | +11.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.90% | 93.57% | -13.67% |
NUG vs. GUSH - Expense Ratio Comparison
NUG has a 0.75% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
NUG vs. GUSH - Dividend Comparison
NUG 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% |
NUG Leverage Shares 2X Long NU 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
NUG and GUSH have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NUG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NUG 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 NUG.
They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for NUG and 1.17% for GUSH.
Find the right allocation for NUG and GUSH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer