OSCG vs. GUSH

Last updated Jun 4, 2026

OSCG (Leverage Shares 2X Long OSCR Daily ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both Leveraged Equities funds. OSCG is actively managed, while GUSH is passively managed. At a 0.03 correlation, their price movements are largely independent. OSCG charges 0.75%/yr vs 1.17%/yr for GUSH.

Performance

OSCG vs. GUSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long OSCR Daily ETF (OSCG) and Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OSCG achieves a 62.91% return, which is significantly lower than GUSH's 73.56% return.

OSCG

• 1D: -5.93%
• 1M: 16.15%
• YTD: 62.91%
• 6M: 12.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GUSH

• 1D: 2.27%
• 1M: -12.07%
• YTD: 73.56%
• 6M: 49.07%
• 1Y: 75.56%
• 3Y*: 13.02%
• 5Y*: 11.54%
• 10Y*: -36.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OSCG vs. GUSH - Yearly Performance Comparison

	2026 (YTD)	2025
OSCG Leverage Shares 2X Long OSCR Daily ETF	62.91%	-39.33%
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares	73.56%	1.82%

Correlation

The correlation between OSCG and GUSH is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.03

Return for Risk

OSCG vs. GUSH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GUSH

GUSH Risk / Return Rank: 39
GUSH Sharpe Ratio Rank: 38
GUSH Sortino Ratio Rank: 34
GUSH Omega Ratio Rank: 34
GUSH Calmar Ratio Rank: 52
GUSH Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OSCG vs. GUSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long OSCR Daily ETF (OSCG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	OSCG	GUSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.37	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	-0.44	+0.42

Drawdowns

OSCG vs. GUSH - Drawdown Comparison

The maximum OSCG drawdown since its inception was -71.31%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for OSCG and GUSH.

Drawdown Indicators

	OSCG	GUSH	Difference
Max Drawdown Largest peak-to-trough decline	-71.31%	-99.98%	+28.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.94%	—
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 Drawdown Current decline from peak	-36.47%	-99.79%	+63.32%
Average Drawdown Average peak-to-trough decline	-37.25%	-92.92%	+55.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.52%	—

Volatility

Volatility by Period

	OSCG	GUSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	43.47%	—
Volatility (1Y) Calculated over the trailing 1-year period	145.44%	55.62%	+89.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.44%	68.21%	+77.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.44%	93.72%	+51.72%

OSCG vs. GUSH - Expense Ratio Comparison

OSCG has a 0.75% expense ratio, which is lower than GUSH's 1.17% expense ratio.

Dividends

OSCG vs. GUSH - Dividend Comparison

OSCG has not paid dividends to shareholders, while GUSH's dividend yield for the trailing twelve months is around 1.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares	1.44%	2.60%	2.96%	3.00%	0.47%	0.00%	0.20%	1.68%	0.17%	0.00%	3.26%
OSCG Leverage Shares 2X Long OSCR 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

Can I hold both OSCG and GUSH in my portfolio?

OSCG and GUSH have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OSCG or GUSH?

On fees, OSCG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OSCG or GUSH?

OSCG is cheaper with a 0.75% expense ratio, compared with 1.17% for GUSH.

Which ETF pays a higher dividend yield, OSCG or GUSH?

GUSH has the higher dividend yield at 1.44%, compared with 0.00% for OSCG.

What is the main difference between OSCG and GUSH?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for OSCG and 1.17% for GUSH.