XDEF vs. GUSH
XDEF (Xtrackers Europe Defense Technologies ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both exchange-traded funds - XDEF is a Aerospace & Defense fund tracking the STOXX Europe Total Market Defence, Space and Cybersecurity Innovation 50-25 Index, while GUSH is a Leveraged Equities fund tracking the S&P Oil & Gas Exploration & Production Select Industry Index (300%). Both are passively managed. At a correlation of -0.39, they often move in opposite directions. XDEF charges 0.35%/yr vs 1.17%/yr for GUSH.
Performance
XDEF vs. GUSH - Performance Comparison
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Returns By Period
XDEF
- 1D
- -2.06%
- 1M
- -2.01%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUSH
- 1D
- 0.03%
- 1M
- -11.53%
- YTD
- 73.60%
- 6M
- 49.22%
- 1Y
- 84.57%
- 3Y*
- 14.08%
- 5Y*
- 11.55%
- 10Y*
- -36.93%
XDEF vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XDEF Xtrackers Europe Defense Technologies ETF | -99.17% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 66.46% |
Correlation
The correlation between XDEF and GUSH is -0.39, 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 (All Time) Calculated using the full available price history since Jan 5, 2026 | -0.39 |
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Return for Risk
XDEF vs. GUSH — Risk / Return Rank
XDEF
GUSH
XDEF vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Europe Defense Technologies ETF (XDEF) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| XDEF | GUSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.54 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.17 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | -0.44 | -0.20 |
Drawdowns
XDEF vs. GUSH - Drawdown Comparison
The maximum XDEF drawdown since its inception was -99.30%, roughly equal to the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for XDEF and GUSH.
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Drawdown Indicators
| XDEF | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.30% | -99.98% | +0.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -28.94% | — |
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 | -99.26% | -99.79% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -70.45% | -92.92% | +22.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.58% | — |
Volatility
XDEF vs. GUSH - Volatility Comparison
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Volatility by Period
| XDEF | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 20.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 43.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 157.63% | 55.49% | +102.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 157.63% | 68.21% | +89.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 157.63% | 93.70% | +63.93% |
XDEF vs. GUSH - Expense Ratio Comparison
XDEF has a 0.35% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
XDEF vs. GUSH - Dividend Comparison
XDEF has not paid dividends to shareholders, while GUSH's dividend yield for the trailing twelve months is around 1.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 1.44% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
XDEF Xtrackers Europe Defense Technologies ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XDEF and GUSH have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEF is cheaper with a 0.35% expense ratio, compared with 1.17% for GUSH.
GUSH has the higher dividend yield at 1.44%, compared with 0.00% for XDEF.
XDEF is categorized as Aerospace & Defense, while GUSH is Leveraged Equities. XDEF tracks STOXX Europe Total Market Defence, Space and Cybersecurity Innovation 50-25 Index, while GUSH tracks S&P Oil & Gas Exploration & Production Select Industry Index (300%). They also come from different issuers: Xtrackers and Direxion. Their fees differ too: 0.35% for XDEF and 1.17% for GUSH.
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