PLUL vs. GUSH
PLUL (Leverage Shares 2X Long PLUG Daily ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both Leveraged Equities funds - PLUL tracks the Plug Power Inc. (PLUG) while GUSH tracks the S&P Oil & Gas Exploration & Production Select Industry Index (300%). Both are passively managed. Their 0.05 correlation means their historical movements had little consistent relationship. PLUL charges 0.75%/yr vs 1.17%/yr for GUSH.
Performance
PLUL vs. GUSH - Performance Comparison
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Returns By Period
PLUL
- 1D
- -2.81%
- 1M
- -42.30%
- 6M
- -39.57%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GUSH
- 1D
- 2.66%
- 1M
- 29.75%
- 6M
- 50.64%
- YTD
- 84.27%
- 1Y
- 87.82%
- 3Y*
- 5.22%
- 5Y*
- 20.49%
- 10Y*
- -34.13%
- ALL TIME*
- -41.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.81M | $32.68M | $31.93M | |
| $198.99K | $358.88K | $1.33M |
PLUL vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PLUL Leverage Shares 2X Long PLUG Daily ETF | -50.55% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 81.13% |
Correlation
The correlation between PLUL and GUSH is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026 | 0.05 |
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Return for Risk
PLUL vs. GUSH — Risk / Return Rank
PLUL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUSH
PLUL vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PLUG Daily ETF (PLUL) 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.
| PLUL | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.07 | — |
| Martin ratioReturn relative to average drawdown | — | 4.68 | — |
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Drawdowns
PLUL vs. GUSH - Drawdown Comparison
The maximum PLUL drawdown since its inception was -81.17%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for PLUL and GUSH.
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Drawdown Indicators
| PLUL | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.17% | -99.98% | +18.81% |
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 | -78.15% | -99.77% | +21.62% |
Average DrawdownAverage peak-to-trough decline | -35.63% | -92.98% | +57.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.04% | — |
Volatility
PLUL vs. GUSH - Volatility Comparison
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Volatility by Period
| PLUL | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 45.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 175.68% | 56.92% | +118.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 175.68% | 67.48% | +108.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 175.68% | 92.83% | +82.85% |
PLUL vs. GUSH - Expense Ratio Comparison
PLUL has a 0.75% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
PLUL vs. GUSH - Dividend Comparison
PLUL has not paid dividends to shareholders, while GUSH's dividend yield for the trailing twelve months is around 1.18%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 1.18% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
PLUL Leverage Shares 2X Long PLUG 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
PLUL and GUSH have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PLUL is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PLUL is cheaper with a 0.75% expense ratio, compared with 1.17% for GUSH.
GUSH has the higher dividend yield at 1.18%, compared with 0.00% for PLUL.
PLUL tracks Plug Power Inc. (PLUG), while GUSH tracks S&P Oil & Gas Exploration & Production Select Industry Index (300%). They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for PLUL and 1.17% for GUSH.
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