RAVI vs. GUSH
RAVI (FlexShares Ultra-Short Income ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both exchange-traded funds - RAVI is a Ultrashort Bond fund actively managed by FlexShares, while GUSH is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (300%). RAVI is actively managed, while GUSH is passively managed. Over the past 10 years, RAVI returned 2.71%/yr vs -34.13%/yr for GUSH. Their -0.04 correlation means they have often moved in opposite directions in the past. RAVI charges 0.25%/yr vs 1.17%/yr for GUSH.
Performance
RAVI vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, RAVI achieves a 2.16% return, which is significantly lower than GUSH's 84.27% return. Over the past 10 years, RAVI has outperformed GUSH with an annualized return of 2.71%, while GUSH has yielded a comparatively lower -34.13% annualized return.
RAVI
- 1D
- 0.09%
- 1M
- 0.31%
- 6M
- 1.81%
- YTD
- 2.16%
- 1Y
- 4.19%
- 3Y*
- 5.11%
- 5Y*
- 3.62%
- 10Y*
- 2.71%
- ALL TIME*
- 2.66%
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 | |
| $4.50M | $6.77M | $5.93M |
RAVI vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAVI FlexShares Ultra-Short Income ETF | 2.16% | 4.98% | 5.67% | 5.55% | 0.15% | -0.04% | 2.06% | 3.49% | 1.65% | 1.22% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 84.27% | -19.39% | -12.73% | -7.23% | 66.47% | 129.94% | -97.38% | -52.68% | -74.28% | -40.21% |
Correlation
The correlation between RAVI and GUSH is -0.24, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.24 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.03 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | -0.04 |
The correlation between RAVI and GUSH shifts across timeframes, from -0.24 (1 year) to -0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RAVI vs. GUSH — Risk / Return Rank
RAVI
GUSH
RAVI vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Ultra-Short Income ETF (RAVI) 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.
| RAVI | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.02 | ||
| Sortino ratioReturn per unit of downside risk | +20.93 | ||
| Omega ratioGain probability vs. loss probability | 5.05 | 1.22 | +3.82 |
| Calmar ratioReturn relative to maximum drawdown | 36.97 | 2.07 | +34.91 |
| Martin ratioReturn relative to average drawdown | 208.35 | 4.68 | +203.66 |
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Drawdowns
RAVI vs. GUSH - Drawdown Comparison
The maximum RAVI drawdown since its inception was -3.72%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for RAVI and GUSH.
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Drawdown Indicators
| RAVI | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.72% | -99.98% | +96.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -36.18% | +36.06% |
Max Drawdown (3Y)Largest decline over 3 years | -0.36% | -63.59% | +63.23% |
Max Drawdown (5Y)Largest decline over 5 years | -3.28% | -73.64% | +70.36% |
Max Drawdown (10Y)Largest decline over 10 years | -3.72% | -99.94% | +96.22% |
Current DrawdownCurrent decline from peak | 0.00% | -99.77% | +99.77% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -92.98% | +92.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 16.04% | -16.02% |
Volatility
RAVI vs. GUSH - Volatility Comparison
The current volatility for FlexShares Ultra-Short Income ETF (RAVI) is 0.13%, while Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a volatility of 16.40%. This indicates that RAVI experiences smaller price fluctuations and is considered to be less risky than GUSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAVI | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 16.40% | -16.27% |
Volatility (6M)Calculated over the trailing 6-month period | 0.32% | 45.15% | -44.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.42% | 56.92% | -56.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.41% | 67.48% | -66.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.28% | 92.83% | -91.55% |
RAVI vs. GUSH - Expense Ratio Comparison
RAVI has a 0.25% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
RAVI vs. GUSH - Dividend Comparison
RAVI's dividend yield for the trailing twelve months is around 4.32%, more than GUSH's 1.18% 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 | 1.18% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
RAVI FlexShares Ultra-Short Income ETF | 3.94% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% |
Frequently Asked Questions
RAVI and GUSH have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUSH has higher volatility (16.40%) compared to RAVI (0.13%). In terms of maximum drawdown, RAVI dropped -3.72% vs GUSH's -99.98%.
On 10-year performance, RAVI leads with 2.71% vs -34.13% for GUSH. On fees, RAVI is cheaper at 0.25% per year. On volatility, RAVI has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RAVI has performed better with a 2.71% return vs -34.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RAVI is cheaper with a 0.25% expense ratio, compared with 1.17% for GUSH.
RAVI has the higher dividend yield at 3.94%, compared with 1.18% for GUSH.
RAVI is categorized as Ultrashort Bond, while GUSH is Leveraged Equities. They also come from different issuers: FlexShares and Direxion. Their fees differ too: 0.25% for RAVI and 1.17% for GUSH.
RAVI currently has the higher Sharpe Ratio (10.33 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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