WDAF vs. GUSH
WDAF (WisdomTree Asia Defense Fund) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both exchange-traded funds - WDAF is a Aerospace & Defense fund tracking the WisdomTree Asia Defense Index, while GUSH is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (300%). Both are passively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. WDAF charges 0.45%/yr vs 1.17%/yr for GUSH.
Performance
WDAF vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, WDAF achieves a 1.82% return, which is significantly lower than GUSH's 78.07% return.
WDAF
- 1D
- 1.89%
- 1M
- -7.97%
- 6M
- -12.60%
- YTD
- 1.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GUSH
- 1D
- -3.36%
- 1M
- 25.39%
- 6M
- 55.55%
- YTD
- 78.07%
- 1Y
- 81.50%
- 3Y*
- 3.21%
- 5Y*
- 21.93%
- 10Y*
- -35.47%
- ALL TIME*
- -42.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.17M | $33.48M | $31.85M | |
| $216.97K | $187.82K | $494.71K |
WDAF vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WDAF WisdomTree Asia Defense Fund | 1.82% | -7.71% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 78.07% | -8.63% |
Correlation
The correlation between WDAF and GUSH is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 12, 2025 | -0.03 |
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Return for Risk
WDAF vs. GUSH — Risk / Return Rank
WDAF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUSH
WDAF vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Asia Defense Fund (WDAF) 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.
| WDAF | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.26 | — |
| Martin ratioReturn relative to average drawdown | — | 5.11 | — |
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Drawdowns
WDAF vs. GUSH - Drawdown Comparison
The maximum WDAF drawdown since its inception was -28.19%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for WDAF and GUSH.
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Drawdown Indicators
| WDAF | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -99.98% | +71.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -36.18% | — |
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 | -23.59% | -99.78% | +76.19% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -92.98% | +84.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.99% | — |
Volatility
WDAF vs. GUSH - Volatility Comparison
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Volatility by Period
| WDAF | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 45.28% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 33.45% | 56.62% | -23.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.45% | 67.48% | -34.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.45% | 92.80% | -59.35% |
WDAF vs. GUSH - Expense Ratio Comparison
WDAF has a 0.45% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
WDAF vs. GUSH - Dividend Comparison
WDAF's dividend yield for the trailing twelve months is around 0.13%, less than GUSH's 1.22% 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 | 1.22% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
WDAF WisdomTree Asia Defense Fund | 0.13% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WDAF and GUSH have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDAF is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDAF is cheaper with a 0.45% expense ratio, compared with 1.17% for GUSH.
GUSH has the higher dividend yield at 1.22%, compared with 0.13% for WDAF.
WDAF is categorized as Aerospace & Defense, while GUSH is Leveraged Equities. WDAF tracks WisdomTree Asia Defense Index, while GUSH tracks S&P Oil & Gas Exploration & Production Select Industry Index (300%). They also come from different issuers: WisdomTree and Direxion. Their fees differ too: 0.45% for WDAF and 1.17% for GUSH.
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