NYM vs. GUSH
NYM (AB New York Intermediate Municipal ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both exchange-traded funds - NYM is a Municipal Bonds fund actively managed by AllianceBernstein, while GUSH is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (300%). NYM is actively managed, while GUSH is passively managed. At a correlation of -0.30, they often move in opposite directions. NYM charges 0.27%/yr vs 1.17%/yr for GUSH.
Performance
NYM vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, NYM achieves a 1.55% return, which is significantly lower than GUSH's 42.54% return.
NYM
- 1D
- -0.04%
- 1M
- 0.92%
- YTD
- 1.55%
- 6M
- 1.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUSH
- 1D
- -0.22%
- 1M
- -19.15%
- YTD
- 42.54%
- 6M
- 41.51%
- 1Y
- 31.85%
- 3Y*
- 6.88%
- 5Y*
- 6.25%
- 10Y*
- -37.01%
NYM vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NYM AB New York Intermediate Municipal ETF | 1.55% | 0.47% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 42.54% | -5.24% |
Correlation
The correlation between NYM and GUSH is -0.30, 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 10, 2025 | -0.30 |
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Return for Risk
NYM vs. GUSH — Risk / Return Rank
NYM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUSH
NYM vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB New York Intermediate Municipal ETF (NYM) 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.
| NYM | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.88 | — |
| Martin ratioReturn relative to average drawdown | — | 2.32 | — |
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Drawdowns
NYM vs. GUSH - Drawdown Comparison
The maximum NYM drawdown since its inception was -1.76%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for NYM and GUSH.
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Drawdown Indicators
| NYM | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.76% | -99.98% | +98.22% |
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 | -0.11% | -99.83% | +99.72% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -92.92% | +92.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.77% | — |
Volatility
NYM vs. GUSH - Volatility Comparison
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Volatility by Period
| NYM | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.01% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 44.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.03% | 56.58% | -54.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.03% | 68.20% | -66.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.03% | 93.43% | -91.40% |
NYM vs. GUSH - Expense Ratio Comparison
NYM has a 0.27% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
NYM vs. GUSH - Dividend Comparison
NYM's dividend yield for the trailing twelve months is around 1.73%, less than GUSH's 1.75% 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 | 1.75% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
NYM AB New York Intermediate Municipal ETF | 1.73% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NYM and GUSH have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NYM is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NYM is cheaper with a 0.27% expense ratio, compared with 1.17% for GUSH.
GUSH has the higher dividend yield at 1.75%, compared with 1.73% for NYM.
NYM is categorized as Municipal Bonds, while GUSH is Leveraged Equities. They also come from different issuers: AllianceBernstein and Direxion. Their fees differ too: 0.27% for NYM and 1.17% for GUSH.
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