XAGG vs. GUSH
XAGG (Eaton Vance Income Opportunities ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both exchange-traded funds - XAGG is a Multisector Bonds fund actively managed by Eaton Vance, while GUSH is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (300%). XAGG is actively managed, while GUSH is passively managed. Their -0.29 correlation means they have often moved in opposite directions in the past. XAGG charges 0.50%/yr vs 1.17%/yr for GUSH.
Performance
XAGG vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, XAGG achieves a 2.19% return, which is significantly lower than GUSH's 84.27% return.
XAGG
- 1D
- -0.20%
- 1M
- -0.34%
- 6M
- 0.48%
- YTD
- 2.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
GUSH
- 1D
- 2.66%
- 1M
- 29.75%
- 6M
- 50.64%
- YTD
- 84.27%
- 1Y
- 87.82%
- 3Y*
- 5.22%
- 5Y*
- 20.49%
- 10Y*
- -34.13%
- ALL TIME*
- -41.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $34.81M | $32.68M | $31.93M | |
| $9.69M | $13.10M | $11.08M |
XAGG vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XAGG Eaton Vance Income Opportunities ETF | 2.19% | 1.75% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 84.27% | -5.24% |
Correlation
The correlation between XAGG and GUSH is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025 | -0.29 |
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Return for Risk
XAGG vs. GUSH — Risk / Return Rank
XAGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUSH
XAGG vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Income Opportunities ETF (XAGG) 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.
| XAGG | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.07 | — |
| Martin ratioReturn relative to average drawdown | — | 4.68 | — |
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Drawdowns
XAGG vs. GUSH - Drawdown Comparison
The maximum XAGG drawdown since its inception was -2.88%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for XAGG and GUSH.
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Drawdown Indicators
| XAGG | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.88% | -99.98% | +97.10% |
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 | -0.49% | -99.77% | +99.28% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -92.98% | +92.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.04% | — |
Volatility
XAGG vs. GUSH - Volatility Comparison
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Volatility by Period
| XAGG | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 45.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 56.92% | -53.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.42% | 67.48% | -64.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.42% | 92.83% | -89.41% |
XAGG vs. GUSH - Expense Ratio Comparison
XAGG has a 0.50% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
XAGG vs. GUSH - Dividend Comparison
XAGG's dividend yield for the trailing twelve months is around 5.07%, more than GUSH's 1.18% 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 | 1.18% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
XAGG Eaton Vance Income Opportunities ETF | 5.07% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XAGG and GUSH have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAGG is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAGG is cheaper with a 0.50% expense ratio, compared with 1.17% for GUSH.
XAGG has the higher dividend yield at 5.07%, compared with 1.18% for GUSH.
XAGG is categorized as Multisector Bonds, while GUSH is Leveraged Equities. They also come from different issuers: Eaton Vance and Direxion. Their fees differ too: 0.50% for XAGG and 1.17% for GUSH.
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