OILU vs. GUSH
Compare and contrast key facts about MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH).
OILU and GUSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILU is managed by BMO Financial Group. It was launched on Mar 24, 2017. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OILU or GUSH.
Key characteristics
| OILU | GUSH | |
|---|---|---|
| YTD Return | 4.18% | 1.10% |
| 1Y Return | -0.95% | -4.26% |
| 3Y Return (Ann) | 15.91% | 6.47% |
| Sharpe Ratio | -0.03 | -0.09 |
| Sortino Ratio | 0.34 | 0.18 |
| Omega Ratio | 1.04 | 1.02 |
| Calmar Ratio | -0.02 | -0.04 |
| Martin Ratio | -0.06 | -0.21 |
| Ulcer Index | 24.04% | 20.28% |
| Daily Std Dev | 54.67% | 44.91% |
| Max Drawdown | -67.43% | -99.98% |
| Current Drawdown | -57.18% | -99.82% |
Correlation
The correlation between OILU and GUSH is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
OILU vs. GUSH - Performance Comparison
In the year-to-date period, OILU achieves a 4.18% return, which is significantly higher than GUSH's 1.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OILU vs. GUSH - Expense Ratio Comparison
OILU has a 0.95% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Risk-Adjusted Performance
OILU vs. GUSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) 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.
Dividends
OILU vs. GUSH - Dividend Comparison
OILU has not paid dividends to shareholders, while GUSH's dividend yield for the trailing twelve months is around 2.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 0.00% | 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 | 2.62% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
Drawdowns
OILU vs. GUSH - Drawdown Comparison
The maximum OILU drawdown since its inception was -67.43%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for OILU and GUSH. For additional features, visit the drawdowns tool.
Volatility
OILU vs. GUSH - Volatility Comparison
MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a higher volatility of 15.69% compared to Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) at 13.57%. This indicates that OILU'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.