XYZG vs. GUSH
XYZG (Leverage Shares 2X Long XYZ Daily ETF) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both Leveraged Equities funds. XYZG is actively managed, while GUSH is passively managed. Over the past year, XYZG returned -15.62% vs 75.56% for GUSH. At a 0.02 correlation, their price movements are largely independent. XYZG charges 0.75%/yr vs 1.17%/yr for GUSH.
Performance
XYZG vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, XYZG achieves a -3.28% return, which is significantly lower than GUSH's 73.56% return.
XYZG
- 1D
- -11.57%
- 1M
- -8.12%
- YTD
- -3.28%
- 6M
- 8.21%
- 1Y
- -15.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUSH
- 1D
- 2.27%
- 1M
- -12.07%
- YTD
- 73.56%
- 6M
- 49.07%
- 1Y
- 75.56%
- 3Y*
- 13.02%
- 5Y*
- 11.54%
- 10Y*
- -36.44%
XYZG vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XYZG Leverage Shares 2X Long XYZ Daily ETF | -3.28% | 21.85% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 73.56% | 30.08% |
Correlation
The correlation between XYZG and GUSH is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025 | 0.02 |
The correlation between XYZG and GUSH shifts across timeframes, from -0.09 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XYZG vs. GUSH — Risk / Return Rank
XYZG
GUSH
XYZG vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long XYZ Daily ETF (XYZG) 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.
| XYZG | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.23 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.62 | -2.85 |
| Martin ratioReturn relative to average drawdown | -0.42 | 6.06 | -6.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XYZG | GUSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 1.37 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.17 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | -0.44 | +0.58 |
Drawdowns
XYZG vs. GUSH - Drawdown Comparison
The maximum XYZG drawdown since its inception was -69.40%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for XYZG and GUSH.
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Drawdown Indicators
| XYZG | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -99.98% | +30.58% |
Max Drawdown (1Y)Largest decline over 1 year | -69.40% | -28.94% | -40.46% |
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 | -45.04% | -99.79% | +54.75% |
Average DrawdownAverage peak-to-trough decline | -29.06% | -92.92% | +63.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.60% | 12.52% | +25.08% |
Volatility
XYZG vs. GUSH - Volatility Comparison
Leverage Shares 2X Long XYZ Daily ETF (XYZG) has a higher volatility of 25.78% compared to Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) at 20.17%. This indicates that XYZG'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.
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Volatility by Period
| XYZG | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.78% | 20.17% | +5.61% |
Volatility (6M)Calculated over the trailing 6-month period | 70.80% | 43.47% | +27.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.87% | 55.62% | +37.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 103.71% | 68.21% | +35.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.71% | 93.72% | +9.99% |
XYZG vs. GUSH - Expense Ratio Comparison
XYZG has a 0.75% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
XYZG vs. GUSH - Dividend Comparison
XYZG's dividend yield for the trailing twelve months is around 6.92%, more than GUSH's 1.44% 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 | 1.44% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% |
XYZG Leverage Shares 2X Long XYZ Daily ETF | 6.92% | 6.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XYZG and GUSH have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XYZG has higher volatility (25.78%) compared to GUSH (20.17%). In terms of maximum drawdown, XYZG dropped -69.40% vs GUSH's -99.98%.
On 1-year performance, GUSH leads with 75.56% vs -15.62% for XYZG. On fees, XYZG is cheaper at 0.75% per year. On volatility, GUSH has been the lower-risk option at 20.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GUSH has performed better with a 75.56% return vs -15.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XYZG is cheaper with a 0.75% expense ratio, compared with 1.17% for GUSH.
XYZG has the higher dividend yield at 6.92%, compared with 1.44% for GUSH.
They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for XYZG and 1.17% for GUSH.
GUSH currently has the higher Sharpe Ratio (1.37 vs -0.17), 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.
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