SPYQ vs. GUSH
Compare and contrast key facts about Tradr 2X Long SPY Quarterly ETF (SPYQ) and Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH).
SPYQ and GUSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYQ is an actively managed fund by AXS. It was launched on Sep 30, 2024. 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.
Performance
SPYQ vs. GUSH - Performance Comparison
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SPYQ vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPYQ Tradr 2X Long SPY Quarterly ETF | -8.99% | 26.22% | 4.76% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 87.03% | -19.39% | -3.94% |
Returns By Period
In the year-to-date period, SPYQ achieves a -8.99% return, which is significantly lower than GUSH's 87.03% return.
SPYQ
- 1D
- 1.61%
- 1M
- -9.38%
- YTD
- -8.99%
- 6M
- -6.56%
- 1Y
- 27.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUSH
- 1D
- -7.69%
- 1M
- 19.66%
- YTD
- 87.03%
- 6M
- 61.77%
- 1Y
- 53.22%
- 3Y*
- 12.65%
- 5Y*
- 17.99%
- 10Y*
- -32.91%
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SPYQ vs. GUSH - Expense Ratio Comparison
SPYQ has a 1.30% expense ratio, which is higher than GUSH's 1.17% expense ratio.
Return for Risk
SPYQ vs. GUSH — Risk / Return Rank
SPYQ
GUSH
SPYQ vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SPY Quarterly ETF (SPYQ) 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.
| SPYQ | GUSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.79 | -0.07 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.35 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.26 | -0.07 |
Martin ratioReturn relative to average drawdown | 5.36 | 3.14 | +2.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYQ | GUSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.79 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.26 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | -0.43 | +0.81 |
Correlation
The correlation between SPYQ and GUSH is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SPYQ vs. GUSH - Dividend Comparison
SPYQ's dividend yield for the trailing twelve months is around 0.18%, less than GUSH's 1.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPYQ Tradr 2X Long SPY Quarterly ETF | 0.18% | 0.17% | 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 | 1.33% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
Drawdowns
SPYQ vs. GUSH - Drawdown Comparison
The maximum SPYQ drawdown since its inception was -35.88%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for SPYQ and GUSH.
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Drawdown Indicators
| SPYQ | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.88% | -99.98% | +64.10% |
Max Drawdown (1Y)Largest decline over 1 year | -23.97% | -43.67% | +19.70% |
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 | -12.20% | -99.77% | +87.57% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -92.81% | +87.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 17.57% | -12.25% |
Volatility
SPYQ vs. GUSH - Volatility Comparison
The current volatility for Tradr 2X Long SPY Quarterly ETF (SPYQ) is 11.25%, while Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a volatility of 16.69%. This indicates that SPYQ 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
| SPYQ | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.25% | 16.69% | -5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 19.44% | 39.24% | -19.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.66% | 67.59% | -28.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.78% | 68.73% | -32.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.78% | 94.30% | -58.52% |