WEBL vs. GUSH

Last updated Jul 17, 2026

WEBL (Daily Dow Jones Internet Bull 3X Shares) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both Leveraged Equities funds from Direxion - WEBL tracks the Dow Jones Internet Composite Index (300%) while GUSH tracks the S&P Oil & Gas Exploration & Production Select Industry Index (300%). Both are passively managed. Over the past 5 years, WEBL returned -20.75%/yr vs 17.69%/yr for GUSH. At a 0.22 correlation, their price movements are largely independent. Both charge a 1.17% expense ratio.

Performance

WEBL vs. GUSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Daily Dow Jones Internet Bull 3X Shares (WEBL) 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, WEBL achieves a -8.07% return, which is significantly lower than GUSH's 63.46% return.

WEBL

• 1D: -4.34%
• 1M: 0.84%
• 6M: -1.86%
• YTD: -8.07%
• 1Y: -12.09%
• 3Y*: 23.65%
• 5Y*: -20.75%
• 10Y*: —

GUSH

• 1D: 1.89%
• 1M: 12.19%
• 6M: 54.37%
• YTD: 63.46%
• 1Y: 57.75%
• 3Y*: 7.54%
• 5Y*: 17.69%
• 10Y*: -36.14%

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

WEBL vs. GUSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WEBL Daily Dow Jones Internet Bull 3X Shares	-8.07%	2.37%	76.78%	165.50%	-91.04%	2.73%	132.56%	10.36%
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares	63.46%	-19.39%	-12.73%	-7.23%	66.47%	129.94%	-97.38%	17.77%

Correlation

The correlation between WEBL and GUSH is -0.10, 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	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.22

The correlation between WEBL and GUSH shifts across timeframes, from -0.10 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.

WEBL vs. GUSH - Sectors Allocation Comparison

Sectors	WEBL	GUSH
Technology	43.1%	-
Communication Services	27.0%	-
Consumer Cyclical	25.5%	-
Financial Services	2.0%	-
Industrials	1.3%	0.7%
Healthcare	1.2%	-
Basic Materials	-	3.2%
Consumer Defensive	-	-
Energy	-	96.8%
Real Estate	-	-
Utilities	-	-

Return for Risk

WEBL vs. GUSH — Risk / Return Rank

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

WEBL

WEBL Risk / Return Rank: 8
WEBL Sharpe Ratio Rank: 8
WEBL Sortino Ratio Rank: 9
WEBL Omega Ratio Rank: 9
WEBL Calmar Ratio Rank: 7
WEBL Martin Ratio Rank: 7

GUSH

GUSH Risk / Return Rank: 34
GUSH Sharpe Ratio Rank: 34
GUSH Sortino Ratio Rank: 34
GUSH Omega Ratio Rank: 34
GUSH Calmar Ratio Rank: 38
GUSH Martin Ratio Rank: 32

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.

WEBL vs. GUSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bull 3X Shares (WEBL) 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.

	WEBL	GUSH	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	1.03	-1.24
Sortino ratio: Return per unit of downside risk	0.11	1.55	-1.44
Omega ratio: Gain probability vs. loss probability	1.01	1.19	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.21	1.60	-1.82
Martin ratio: Return relative to average drawdown	-0.43	3.69	-4.12

WEBL vs. GUSH - Sharpe Ratio Comparison

The current WEBL Sharpe Ratio is -0.20, which is lower than the GUSH Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of WEBL 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.

Drawdowns

WEBL vs. GUSH - Drawdown Comparison

The maximum WEBL drawdown since its inception was -94.44%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for WEBL and GUSH.

Drawdown Indicators

	WEBL	GUSH	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-99.98%	+5.54%
Max Drawdown (1Y) Largest decline over 1 year	-56.57%	-36.18%	-20.39%
Max Drawdown (3Y) Largest decline over 3 years	-60.82%	-63.59%	+2.77%
Max Drawdown (5Y) Largest decline over 5 years	-94.44%	-73.64%	-20.80%
Max Drawdown (10Y) Largest decline over 10 years	—	-99.94%	—
Current Drawdown Current decline from peak	-72.94%	-99.80%	+26.86%
Average Drawdown Average peak-to-trough decline	-59.10%	-92.96%	+33.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.07%	15.71%	+12.36%

Volatility

WEBL vs. GUSH - Volatility Comparison

Daily Dow Jones Internet Bull 3X Shares (WEBL) has a higher volatility of 18.31% compared to Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) at 13.14%. This indicates that WEBL's price experiences larger fluctuations and is considered to be riskier than GUSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEBL	GUSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.31%	13.14%	+5.17%
Volatility (6M) Calculated over the trailing 6-month period	47.91%	44.29%	+3.62%
Volatility (1Y) Calculated over the trailing 1-year period	59.23%	56.34%	+2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.12%	67.75%	+13.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.62%	92.95%	-10.33%

WEBL vs. GUSH - Expense Ratio Comparison

Both WEBL and GUSH have an expense ratio of 1.17%.

Dividends

WEBL vs. GUSH - Dividend Comparison

WEBL's dividend yield for the trailing twelve months is around 0.18%, less than GUSH's 1.33% 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	1.33%	2.60%	2.96%	3.00%	0.47%	0.00%	0.20%	1.68%	0.17%	0.00%	3.26%
WEBL Daily Dow Jones Internet Bull 3X Shares	0.18%	0.25%	0.00%	0.00%	0.00%	4.79%	0.00%	0.06%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEBL and GUSH in my portfolio?

WEBL and GUSH have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEBL or GUSH?

WEBL has higher volatility (18.31%) compared to GUSH (13.14%). In terms of maximum drawdown, WEBL dropped -94.44% vs GUSH's -99.98%.

Which ETF is better, WEBL or GUSH?

On 5-year performance, GUSH leads with 17.69% vs -20.75% for WEBL. Both ETFs have the same 1.17% expense ratio. On volatility, GUSH has been the lower-risk option at 13.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEBL or GUSH?

Over the 5-year period, GUSH has performed better with a 17.69% return vs -20.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEBL or GUSH?

WEBL and GUSH have the same expense ratio: 1.17% per year.

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

GUSH has the higher dividend yield at 1.33%, compared with 0.18% for WEBL.

What is the main difference between WEBL and GUSH?

WEBL tracks Dow Jones Internet Composite Index (300%), while GUSH tracks S&P Oil & Gas Exploration & Production Select Industry Index (300%).

Which has better risk-adjusted returns?

GUSH currently has the higher Sharpe Ratio (1.03 vs -0.20), 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.