VNIE vs. GUSH
VNIE (Vontobel International Equity Active ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both exchange-traded funds - VNIE is a Foreign Large Cap Equities fund actively managed by Vontobel, while GUSH is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (300%). VNIE is actively managed, while GUSH is passively managed. Over the past year, VNIE returned -2.11% vs 66.61% for GUSH. At a correlation of -0.16, they often move in opposite directions. VNIE charges 0.60%/yr vs 1.17%/yr for GUSH.
Performance
VNIE vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, VNIE achieves a 1.52% return, which is significantly lower than GUSH's 63.29% return.
VNIE
- 1D
- -3.53%
- 1M
- -4.28%
- YTD
- 1.52%
- 6M
- 2.99%
- 1Y
- -2.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUSH
- 1D
- -5.94%
- 1M
- -1.16%
- YTD
- 63.29%
- 6M
- 40.03%
- 1Y
- 66.61%
- 3Y*
- 10.46%
- 5Y*
- 10.19%
- 10Y*
- -37.79%
VNIE vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VNIE Vontobel International Equity Active ETF | 1.52% | -1.46% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 63.29% | -2.48% |
Correlation
The correlation between VNIE and GUSH is -0.17, 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 | -0.17 |
Correlation (All Time) Calculated using the full available price history since May 16, 2025 | -0.16 |
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Return for Risk
VNIE vs. GUSH — Risk / Return Rank
VNIE
GUSH
VNIE vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vontobel International Equity Active ETF (VNIE) 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.
| VNIE | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.23 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.58 | -2.75 |
| Martin ratioReturn relative to average drawdown | -0.44 | 5.89 | -6.32 |
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
| VNIE | GUSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.14 | 1.34 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | -0.44 | +0.44 |
Drawdowns
VNIE vs. GUSH - Drawdown Comparison
The maximum VNIE drawdown since its inception was -13.11%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for VNIE and GUSH.
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Drawdown Indicators
| VNIE | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.11% | -99.98% | +86.87% |
Max Drawdown (1Y)Largest decline over 1 year | -13.11% | -28.94% | +15.83% |
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 DrawdownCurrent decline from peak | -6.78% | -99.80% | +93.02% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -92.92% | +88.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 12.67% | -7.52% |
Volatility
VNIE vs. GUSH - Volatility Comparison
The current volatility for Vontobel International Equity Active ETF (VNIE) is 6.43%, while Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a volatility of 16.42%. This indicates that VNIE 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
| VNIE | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 16.42% | -9.99% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 43.53% | -29.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 55.60% | -39.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.53% | 68.24% | -52.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 93.69% | -78.16% |
VNIE vs. GUSH - Expense Ratio Comparison
VNIE has a 0.60% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
VNIE vs. GUSH - Dividend Comparison
VNIE's dividend yield for the trailing twelve months is around 0.32%, less than GUSH's 1.53% 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 | 1.53% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
VNIE Vontobel International Equity Active ETF | 0.32% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VNIE and GUSH have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUSH has higher volatility (16.42%) compared to VNIE (6.43%). In terms of maximum drawdown, VNIE dropped -13.11% vs GUSH's -99.98%.
On 1-year performance, GUSH leads with 66.61% vs -2.11% for VNIE. On fees, VNIE is cheaper at 0.60% per year. On volatility, VNIE has been the lower-risk option at 6.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GUSH has performed better with a 66.61% return vs -2.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VNIE is cheaper with a 0.60% expense ratio, compared with 1.17% for GUSH.
GUSH has the higher dividend yield at 1.53%, compared with 0.32% for VNIE.
VNIE is categorized as Foreign Large Cap Equities, while GUSH is Leveraged Equities. They also come from different issuers: Vontobel and Direxion. Their fees differ too: 0.60% for VNIE and 1.17% for GUSH.
GUSH currently has the higher Sharpe Ratio (1.34 vs -0.14), 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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