VNOM vs. DUSL

Last updated Jun 16, 2026

VNOM (Viper Energy Partners LP) is a stock, while DUSL (Direxion Daily Industrials Bull 3X Shares) is Leveraged Equities fund tracking the Industrials Select Sector Index (300%). Over the past 5 years, VNOM returned 25.82%/yr vs 21.34%/yr for DUSL. At a 0.37 correlation, their price movements are largely independent.

Performance

VNOM vs. DUSL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Viper Energy Partners LP (VNOM) and Direxion Daily Industrials Bull 3X Shares (DUSL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VNOM achieves a 16.06% return, which is significantly lower than DUSL's 39.45% return.

VNOM

• 1D: -1.55%
• 1M: -10.80%
• YTD: 16.06%
• 6M: 13.71%
• 1Y: 8.58%
• 3Y*: 27.80%
• 5Y*: 25.82%
• 10Y*: 15.22%

DUSL

• 1D: 3.99%
• 1M: 11.08%
• YTD: 39.45%
• 6M: 34.97%
• 1Y: 71.72%
• 3Y*: 45.78%
• 5Y*: 21.34%
• 10Y*: —

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

VNOM vs. DUSL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VNOM Viper Energy Partners LP	16.06%	-16.58%	65.52%	4.83%	61.69%	94.24%	-50.69%	0.66%	19.60%	44.54%
DUSL Direxion Daily Industrials Bull 3X Shares	39.45%	37.50%	34.75%	37.23%	-31.17%	60.72%	-19.77%	90.70%	-46.28%	47.58%

Correlation

The correlation between VNOM and DUSL 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	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since May 3, 2017	0.37

Over the past year, the correlation between VNOM and DUSL has dropped to 0.04 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Return for Risk

VNOM vs. DUSL — Risk / Return Rank

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

VNOM

VNOM Risk / Return Rank: 51
VNOM Sharpe Ratio Rank: 53
VNOM Sortino Ratio Rank: 45
VNOM Omega Ratio Rank: 44
VNOM Calmar Ratio Rank: 57
VNOM Martin Ratio Rank: 55

DUSL

DUSL Risk / Return Rank: 44
DUSL Sharpe Ratio Rank: 45
DUSL Sortino Ratio Rank: 43
DUSL Omega Ratio Rank: 40
DUSL Calmar Ratio Rank: 46
DUSL Martin Ratio Rank: 46

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.

VNOM vs. DUSL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Viper Energy Partners LP (VNOM) and Direxion Daily Industrials Bull 3X Shares (DUSL). 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.

	VNOM	DUSL	Difference
Sharpe ratio: Return per unit of total volatility	0.30	1.47	-1.17
Sortino ratio: Return per unit of downside risk	0.60	2.04	-1.44
Omega ratio: Gain probability vs. loss probability	1.07	1.25	-0.17
Calmar ratio: Return relative to maximum drawdown	0.66	2.14	-1.48
Martin ratio: Return relative to average drawdown	1.20	7.04	-5.84

VNOM vs. DUSL - Sharpe Ratio Comparison

The current VNOM Sharpe Ratio is 0.30, which is lower than the DUSL Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of VNOM and DUSL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VNOM vs. DUSL - Drawdown Comparison

The maximum VNOM drawdown since its inception was -86.96%, roughly equal to the maximum DUSL drawdown of -85.74%. Use the drawdown chart below to compare losses from any high point for VNOM and DUSL.

Drawdown Indicators

	VNOM	DUSL	Difference
Max Drawdown Largest peak-to-trough decline	-86.96%	-85.74%	-1.22%
Max Drawdown (1Y) Largest decline over 1 year	-13.03%	-33.68%	+20.65%
Max Drawdown (3Y) Largest decline over 3 years	-34.46%	-50.86%	+16.40%
Max Drawdown (5Y) Largest decline over 5 years	-34.46%	-58.43%	+23.97%
Max Drawdown (10Y) Largest decline over 10 years	-86.96%	—	—
Current Drawdown Current decline from peak	-15.99%	-6.52%	-9.47%
Average Drawdown Average peak-to-trough decline	-31.64%	-21.96%	-9.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.22%	10.22%	-2.00%

Volatility

VNOM vs. DUSL - Volatility Comparison

The current volatility for Viper Energy Partners LP (VNOM) is 7.25%, while Direxion Daily Industrials Bull 3X Shares (DUSL) has a volatility of 19.20%. This indicates that VNOM experiences smaller price fluctuations and is considered to be less risky than DUSL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNOM	DUSL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	19.20%	-11.95%
Volatility (6M) Calculated over the trailing 6-month period	20.01%	41.26%	-21.25%
Volatility (1Y) Calculated over the trailing 1-year period	29.23%	49.30%	-20.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.89%	52.94%	-17.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.22%	61.65%	-16.43%

Dividends

VNOM vs. DUSL - Dividend Comparison

VNOM's dividend yield for the trailing twelve months is around 5.29%, less than DUSL's 8.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DUSL Direxion Daily Industrials Bull 3X Shares	8.22%	11.39%	6.61%	1.28%	0.66%	0.07%	0.48%	1.01%	1.46%	0.57%	0.00%	0.00%
VNOM Viper Energy Partners LP	5.29%	6.03%	4.89%	5.58%	7.68%	5.16%	5.85%	7.38%	8.14%	5.27%	4.83%	6.16%

Frequently Asked Questions

Can I hold both VNOM and DUSL in my portfolio?

VNOM and DUSL 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, VNOM or DUSL?

DUSL has higher volatility (19.20%) compared to VNOM (7.25%). In terms of maximum drawdown, VNOM dropped -86.96% vs DUSL's -85.74%.

Which has better risk-adjusted returns?

DUSL currently has the higher Sharpe Ratio (1.47 vs 0.30), 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.