TYD vs. GUSH
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while GUSH is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (300%). Both are passively managed. Over the past 10 years, TYD returned -5.55%/yr vs -35.11%/yr for GUSH. At a correlation of -0.22, they often move in opposite directions. TYD charges 1.09%/yr vs 1.17%/yr for GUSH.
Performance
TYD vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -8.67% return, which is significantly lower than GUSH's 77.98% return. Over the past 10 years, TYD has outperformed GUSH with an annualized return of -5.55%, while GUSH has yielded a comparatively lower -35.11% annualized return.
TYD
- 1D
- -0.78%
- 1M
- -3.38%
- 6M
- -6.39%
- YTD
- -8.67%
- 1Y
- -3.97%
- 3Y*
- -4.77%
- 5Y*
- -14.54%
- 10Y*
- -5.55%
- ALL TIME*
- 0.96%
GUSH
- 1D
- 4.39%
- 1M
- 28.50%
- 6M
- 69.76%
- YTD
- 77.98%
- 1Y
- 73.50%
- 3Y*
- 7.19%
- 5Y*
- 19.43%
- 10Y*
- -35.11%
- ALL TIME*
- -42.16%
TYD vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 77.98% | -19.39% | -12.73% | -7.23% | 66.47% | 129.94% | -97.38% | -52.68% | -74.28% | -40.21% |
Correlation
The correlation between TYD and GUSH is -0.28, 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 (1Y) Calculated over the trailing 1-year period | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since May 29, 2015 | -0.22 |
The correlation between TYD and GUSH shifts across timeframes, from -0.28 (1 year) to -0.13 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TYD vs. GUSH — Risk / Return Rank
TYD
GUSH
TYD vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) 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.
| TYD | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.22 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.04 | -2.34 |
| Martin ratioReturn relative to average drawdown | -0.64 | 4.65 | -5.29 |
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Drawdowns
TYD vs. GUSH - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for TYD and GUSH.
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Drawdown Indicators
| TYD | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -99.98% | +35.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -36.18% | +22.64% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -63.59% | +41.27% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -73.64% | +13.80% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -99.94% | +35.66% |
Current DrawdownCurrent decline from peak | -60.31% | -99.78% | +39.47% |
Average DrawdownAverage peak-to-trough decline | -22.22% | -92.96% | +70.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 15.86% | -9.62% |
Volatility
TYD vs. GUSH - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.93%, while Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a volatility of 13.02%. This indicates that TYD 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
| TYD | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 13.02% | -9.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 44.46% | -34.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 56.42% | -42.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 67.52% | -44.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 92.98% | -72.78% |
TYD vs. GUSH - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
TYD vs. GUSH - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.38%, more than GUSH's 1.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 1.22% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.38% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Frequently Asked Questions
TYD and GUSH have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUSH has higher volatility (13.02%) compared to TYD (3.93%). In terms of maximum drawdown, TYD dropped -64.28% vs GUSH's -99.98%.
On 10-year performance, TYD leads with -5.55% vs -35.11% for GUSH. On fees, TYD is cheaper at 1.09% per year. On volatility, TYD has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TYD has performed better with a -5.55% return vs -35.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TYD is cheaper with a 1.09% expense ratio, compared with 1.17% for GUSH.
TYD has the higher dividend yield at 3.38%, compared with 1.22% for GUSH.
TYD is categorized as Leveraged Bonds, while GUSH is Leveraged Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while GUSH tracks S&P Oil & Gas Exploration & Production Select Industry Index (300%). Their fees differ too: 1.09% for TYD and 1.17% for GUSH.
GUSH currently has the higher Sharpe Ratio (1.32 vs -0.29), 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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