SNXX vs. GUSH

Last updated Jul 14, 2026

SNXX (Tradr 2X Long SNDK Daily ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both Leveraged Equities funds. SNXX is actively managed, while GUSH is passively managed. At a correlation of -0.14, they often move in opposite directions. SNXX charges 1.49%/yr vs 1.17%/yr for GUSH.

Performance

SNXX vs. GUSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long SNDK Daily ETF (SNXX) 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

SNXX

• 1D: -25.16%
• 1M: -41.21%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GUSH

• 1D: 8.20%
• 1M: -0.04%
• 6M: 58.37%
• YTD: 61.12%
• 1Y: 40.88%
• 3Y*: 7.35%
• 5Y*: 14.49%
• 10Y*: -36.14%

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

SNXX vs. GUSH - Yearly Performance Comparison

	2026 (YTD)
SNXX Tradr 2X Long SNDK Daily ETF	539.76%
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares	42.51%

Correlation

The correlation between SNXX and GUSH is -0.14, 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 Jan 27, 2026	-0.14

Return for Risk

SNXX vs. GUSH — Risk / Return Rank

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

SNXX

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

GUSH

GUSH Risk / Return Rank: 27
GUSH Sharpe Ratio Rank: 25
GUSH Sortino Ratio Rank: 28
GUSH Omega Ratio Rank: 27
GUSH Calmar Ratio Rank: 28
GUSH Martin Ratio Rank: 25

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.

SNXX vs. GUSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SNDK Daily ETF (SNXX) 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.

	SNXX	GUSH	Difference
Sharpe ratio: Return per unit of total volatility	—	0.73	—
Sortino ratio: Return per unit of downside risk	—	1.25	—
Omega ratio: Gain probability vs. loss probability	—	1.15	—
Calmar ratio: Return relative to maximum drawdown	—	1.14	—
Martin ratio: Return relative to average drawdown	—	2.64	—

Drawdowns

SNXX vs. GUSH - Drawdown Comparison

The maximum SNXX drawdown since its inception was -56.01%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for SNXX and GUSH.

Drawdown Indicators

	SNXX	GUSH	Difference
Max Drawdown Largest peak-to-trough decline	-56.01%	-99.98%	+43.97%
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 Drawdown Current decline from peak	-54.62%	-99.80%	+45.18%
Average Drawdown Average peak-to-trough decline	-17.15%	-92.95%	+75.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.67%	—

Volatility

Volatility by Period

	SNXX	GUSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	44.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	219.36%	56.64%	+162.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	219.36%	68.01%	+151.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	219.36%	92.98%	+126.38%

SNXX vs. GUSH - Expense Ratio Comparison

SNXX has a 1.49% expense ratio, which is higher than GUSH's 1.17% expense ratio.

Dividends

SNXX vs. GUSH - Dividend Comparison

SNXX has not paid dividends to shareholders, while GUSH's dividend yield for the trailing twelve months is around 1.35%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares	1.35%	2.60%	2.96%	3.00%	0.47%	0.00%	0.20%	1.68%	0.17%	0.00%	3.26%
SNXX Tradr 2X Long SNDK 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 SNXX and GUSH in my portfolio?

SNXX and GUSH have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNXX or GUSH?

On fees, GUSH is cheaper at 1.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SNXX or GUSH?

GUSH is cheaper with a 1.17% expense ratio, compared with 1.49% for SNXX.

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

GUSH has the higher dividend yield at 1.35%, compared with 0.00% for SNXX.

What is the main difference between SNXX and GUSH?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for SNXX and 1.17% for GUSH.