TSLT vs. GUSH
Compare and contrast key facts about T-Rex 2X Long Tesla Daily Target ETF (TSLT) and Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH).
TSLT and GUSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSLT is an actively managed fund by T-Rex. It was launched on Oct 18, 2023. 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
TSLT vs. GUSH - Performance Comparison
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TSLT vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TSLT T-Rex 2X Long Tesla Daily Target ETF | -36.32% | -29.49% | 54.17% | 20.11% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 102.61% | -19.39% | -12.73% | -20.34% |
Returns By Period
In the year-to-date period, TSLT achieves a -36.32% return, which is significantly lower than GUSH's 102.61% return.
TSLT
- 1D
- 9.18%
- 1M
- -16.84%
- YTD
- -36.32%
- 6M
- -40.73%
- 1Y
- 30.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUSH
- 1D
- -3.93%
- 1M
- 39.57%
- YTD
- 102.61%
- 6M
- 81.38%
- 1Y
- 68.02%
- 3Y*
- 15.69%
- 5Y*
- 19.89%
- 10Y*
- -32.37%
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TSLT vs. GUSH - Expense Ratio Comparison
TSLT has a 1.05% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Return for Risk
TSLT vs. GUSH — Risk / Return Rank
TSLT
GUSH
TSLT vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Tesla Daily Target ETF (TSLT) 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.
| TSLT | GUSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.28 | 1.02 | -0.74 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.55 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.22 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.50 | 1.61 | -1.11 |
Martin ratioReturn relative to average drawdown | 1.06 | 4.01 | -2.95 |
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
| TSLT | GUSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 1.02 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | -0.43 | +0.37 |
Correlation
The correlation between TSLT and GUSH is 0.20, 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
TSLT vs. GUSH - Dividend Comparison
TSLT has not paid dividends to shareholders, while GUSH's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TSLT T-Rex 2X Long Tesla Daily Target ETF | 0.00% | 0.00% | 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 | 1.23% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
Drawdowns
TSLT vs. GUSH - Drawdown Comparison
The maximum TSLT drawdown since its inception was -83.16%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for TSLT and GUSH.
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Drawdown Indicators
| TSLT | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.16% | -99.98% | +16.82% |
Max Drawdown (1Y)Largest decline over 1 year | -51.40% | -43.67% | -7.73% |
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 | -69.07% | -99.75% | +30.68% |
Average DrawdownAverage peak-to-trough decline | -49.13% | -92.81% | +43.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.16% | 17.54% | +6.62% |
Volatility
TSLT vs. GUSH - Volatility Comparison
T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a higher volatility of 22.37% compared to Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) at 14.01%. This indicates that TSLT's price experiences larger fluctuations and is considered to be riskier 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
| TSLT | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.37% | 14.01% | +8.36% |
Volatility (6M)Calculated over the trailing 6-month period | 59.16% | 38.39% | +20.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 110.56% | 67.12% | +43.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.13% | 68.80% | +50.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 119.13% | 94.28% | +24.85% |