URTY vs. GUSH

Last updated Jun 4, 2026

URTY (ProShares UltraPro Russell2000) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both Leveraged Equities funds - URTY tracks the Russell 2000 Index (300%) while GUSH tracks the S&P Oil & Gas Exploration & Production Select Industry Index (300%). Both are passively managed. Over the past 10 years, URTY returned 7.72%/yr vs -36.44%/yr for GUSH. A 0.54 correlation means they provide meaningful diversification when combined. URTY charges 0.95%/yr vs 1.17%/yr for GUSH.

Performance

URTY vs. GUSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Russell2000 (URTY) 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

In the year-to-date period, URTY achieves a 46.44% return, which is significantly lower than GUSH's 73.56% return. Over the past 10 years, URTY has outperformed GUSH with an annualized return of 7.72%, while GUSH has yielded a comparatively lower -36.44% annualized return.

URTY

• 1D: -4.07%
• 1M: 9.06%
• YTD: 46.44%
• 6M: 40.44%
• 1Y: 117.82%
• 3Y*: 27.59%
• 5Y*: -6.71%
• 10Y*: 7.72%

GUSH

• 1D: 2.27%
• 1M: -12.07%
• YTD: 73.56%
• 6M: 49.07%
• 1Y: 75.56%
• 3Y*: 13.02%
• 5Y*: 11.54%
• 10Y*: -36.44%

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

URTY vs. GUSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URTY ProShares UltraPro Russell2000	46.44%	9.26%	7.38%	24.43%	-62.81%	28.47%	-7.72%	72.37%	-39.59%	38.85%
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares	73.56%	-19.39%	-12.73%	-7.23%	66.47%	129.94%	-97.38%	-52.68%	-74.28%	-40.21%

Correlation

The correlation between URTY and GUSH is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 1, 2015	0.54

Over the past year, the correlation between URTY and GUSH has dropped to 0.04 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

URTY vs. GUSH - Sectors Allocation Comparison

Sectors	URTY	GUSH
Financial Services	25.3%	-
Technology	7.3%	-
Industrials	6.4%	-
Healthcare	6.1%	-
Consumer Cyclical	2.9%	-
Energy	2.4%	97.2%
Real Estate	2.2%	-
Basic Materials	1.7%	2.9%
Utilities	1.2%	-
Consumer Defensive	0.8%	-
Communication Services	0.8%	-

Return for Risk

URTY vs. GUSH — Risk / Return Rank

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

URTY

URTY Risk / Return Rank: 59
URTY Sharpe Ratio Rank: 60
URTY Sortino Ratio Rank: 52
URTY Omega Ratio Rank: 47
URTY Calmar Ratio Rank: 72
URTY Martin Ratio Rank: 65

GUSH

GUSH Risk / Return Rank: 39
GUSH Sharpe Ratio Rank: 38
GUSH Sortino Ratio Rank: 34
GUSH Omega Ratio Rank: 34
GUSH Calmar Ratio Rank: 52
GUSH Martin Ratio Rank: 38

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.

URTY vs. GUSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) 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.

	URTY	GUSH	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.37	+0.70
Sortino ratio: Return per unit of downside risk	2.55	1.84	+0.72
Omega ratio: Gain probability vs. loss probability	1.30	1.23	+0.07
Calmar ratio: Return relative to maximum drawdown	3.64	2.62	+1.01
Martin ratio: Return relative to average drawdown	11.96	6.06	+5.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URTY vs. GUSH - Sharpe Ratio Comparison

The current URTY Sharpe Ratio is 2.07, which is higher than the GUSH Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of URTY and GUSH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	URTY	GUSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.37	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.17	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	-0.39	+0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	-0.44	+0.64

Drawdowns

URTY vs. GUSH - Drawdown Comparison

The maximum URTY drawdown since its inception was -88.09%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for URTY and GUSH.

Drawdown Indicators

	URTY	GUSH	Difference
Max Drawdown Largest peak-to-trough decline	-88.09%	-99.98%	+11.89%
Max Drawdown (1Y) Largest decline over 1 year	-32.56%	-28.94%	-3.62%
Max Drawdown (3Y) Largest decline over 3 years	-65.85%	-63.59%	-2.26%
Max Drawdown (5Y) Largest decline over 5 years	-82.76%	-73.64%	-9.12%
Max Drawdown (10Y) Largest decline over 10 years	-88.09%	-99.94%	+11.85%
Current Drawdown Current decline from peak	-39.71%	-99.79%	+60.08%
Average Drawdown Average peak-to-trough decline	-34.79%	-92.92%	+58.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.89%	12.52%	-2.63%

Volatility

URTY vs. GUSH - Volatility Comparison

The current volatility for ProShares UltraPro Russell2000 (URTY) is 17.18%, while Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a volatility of 20.17%. This indicates that URTY 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.

Volatility by Period

	URTY	GUSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.18%	20.17%	-2.99%
Volatility (6M) Calculated over the trailing 6-month period	40.37%	43.47%	-3.10%
Volatility (1Y) Calculated over the trailing 1-year period	57.33%	55.62%	+1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.43%	68.21%	-0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.32%	93.72%	-24.40%

URTY vs. GUSH - Expense Ratio Comparison

URTY has a 0.95% expense ratio, which is lower than GUSH's 1.17% expense ratio.

Dividends

URTY vs. GUSH - Dividend Comparison

URTY's dividend yield for the trailing twelve months is around 0.64%, less than GUSH's 1.44% 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	1.44%	2.60%	2.96%	3.00%	0.47%	0.00%	0.20%	1.68%	0.17%	0.00%	3.26%
URTY ProShares UltraPro Russell2000	0.64%	1.02%	1.16%	0.55%	0.28%	0.00%	0.00%	0.18%	0.28%	0.00%	0.03%

Frequently Asked Questions

Can I hold both URTY and GUSH in my portfolio?

URTY and GUSH have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URTY or GUSH?

GUSH has higher volatility (20.17%) compared to URTY (17.18%). In terms of maximum drawdown, URTY dropped -88.09% vs GUSH's -99.98%.

Which ETF is better, URTY or GUSH?

On 10-year performance, URTY leads with 7.72% vs -36.44% for GUSH. On fees, URTY is cheaper at 0.95% per year. On volatility, URTY has been the lower-risk option at 17.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URTY or GUSH?

Over the 10-year period, URTY has performed better with a 7.72% return vs -36.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URTY or GUSH?

URTY is cheaper with a 0.95% expense ratio, compared with 1.17% for GUSH.

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

GUSH has the higher dividend yield at 1.44%, compared with 0.64% for URTY.

What is the main difference between URTY and GUSH?

URTY tracks Russell 2000 Index (300%), while GUSH tracks S&P Oil & Gas Exploration & Production Select Industry Index (300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for URTY and 1.17% for GUSH.

Which has better risk-adjusted returns?

URTY currently has the higher Sharpe Ratio (2.07 vs 1.37), 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.