Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF
$42.08+0.53 (+1.26%)
- Expense ratio
- 0.94%
- Fund size
- $227M
- 1Y return
- +76.4%
- Yield · Last 12 months
- 1.51%
- Holdings
- 63
- Volume · 30D
- 0.8M sh
- NAV per share
- $46.61
- 52W range
The ETF.net GUSH Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 62Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 43Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 50Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 48Category rank
Our read on GUSH
CA 2x bet on the drillers, not the barrel. GUSH aims for 200% of the daily move of an S&P index of oil and gas exploration and production stocks, resetting every single close.
The fund seeks daily investment results equal to 200% of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index, before fees and expenses.
Why people hold it
- Targets 200% of the daily move of the S&P Oil & Gas Exploration & Production Select Industry Index: the companies pulling it out of the ground, not a broad energy basket.direxion.com
- Exposure comes from roughly 60 E&P stocks rather than a crude or gas futures ladder, unlike commodity-based peers such as UCO and BOIL.
- 0.94% expense ratio lands at the low end of its leveraged energy peer group, below DIG's 1.07%.
- Live since 2015 and actively traded, so it carries a full oil cycle of operating history.
Worth knowing
- The 2x target applies to one trading day. Over longer holds, daily compounding can pull results away from twice the index move for that stretch.direxion.com
- One industry, doubled. E&P share prices move with crude, and the leverage magnifies both directions.
- A near-1% fee is heavy next to plain index funds, and it accrues the whole time the position is open. Distributions are quarterly.
GUSH Holdings
- Stocks
- 63
- 70%
- SPSIOP SWAP ASSET LEG (SPSIOPJPL)
Sectors
- Energy95.0%
- Materials4.6%
- Technology0.4%
Geography
- United States100.00%
GUSH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GUSH |
|---|---|
| Year to date | +91.5% |
| 1 month | −8.5% |
| 3 months | +34.1% |
| 1 year | +76.4% |
| 3 years | +6.3% |
| 5 years | +19.0% |
| 10 years | −36.0% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GUSH |
|---|---|---|
| 2026 YTD | +91.5% | |
| 2025 | −19.4% | |
| 2024 | −12.7% | |
| 2023 | −7.3% | |
| 2022 | +66.5% | |
| 2021 | +130.0% | |
| 2020 | −97.4% |
GUSH in the news
ETF.net Research hasn’t filed on GUSH yet — coverage lands here as it’s written.
GUSH Dividends
- 1.51%
- $0.63
- $0.15 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2026 | Pays Sep 29, 2026 | $0.15 |
| Jun 23, 2026 | Jun 30, 2026 | $0.08 |
| Mar 24, 2026 | Mar 31, 2026 | $0.14 |
| Dec 23, 2025 | Dec 31, 2025 | $0.11 |
| Sep 23, 2025 | Sep 30, 2025 | $0.15 |
| Jun 24, 2025 | Jul 1, 2025 | $0.15 |
| Mar 25, 2025 | Apr 1, 2025 | $0.16 |
| Dec 23, 2024 | Dec 31, 2024 | $0.18 |
| Sep 24, 2024 | Oct 1, 2024 | $0.20 |
| Jun 25, 2024 | Jul 2, 2024 | $0.22 |
| Mar 19, 2024 | Mar 26, 2024 | $0.22 |
| Dec 21, 2023 | Dec 29, 2023 | $0.21 |
GUSH Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 51.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.28
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −73.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GUSH Cost
- The middle half of 2x/3x Long Energy funds
- Median 0.94%
2 of the 6 2x/3x Long Energy funds charge less.