Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF
CThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$49.98+2.72 (+5.76%)
- 0.94%
- $224M
- +122.9%
- 1.01%
- 0.7M sh
- $45.97
- low $20.80high $50.78
The ETF.net GUSH Grade
C
Score 52 out of 100
- 2 of 6
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B62 out of 100Rank 3 of 6Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 5 of 6Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C48 out of 100Rank 5 of 6Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C48 out of 100Rank 5 of 6
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
- 60
- 69%
- Spsiop Swap Asset Leg (Spsiopgsl)
Sectors
- Energy96.3%
- Materials3.3%
- 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.
GUSH$22,288
Returns run to the Oct 12, 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 | +117.8% |
| 1 month | −2.0% |
| 3 months | +46.3% |
| 1 year | +122.9% |
| 3 years | +10.3% |
| 5 years | +14.0% |
| 10 years | −35.6% |
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 | +117.8% | |
| 2025 | −19.4% | |
| 2024 | −12.7% | |
| 2023 | −7.3% | |
| 2022 | +66.5% | |
| 2021 | +130.0% | |
| 2020 | −97.4% |
GUSH in the news
GUSH Dividends
- 1.01%
- $0.48
- $0.15 per share
- Quarterly
Distribution history
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.
- 51.7%
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.
- 0.22
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
0.94%
GUSH0.94%
- The middle half of 2x/3x Long Energy funds
- Median 0.94%
2 of the 6 2x/3x Long Energy funds charge less.
Other funds in 2x/3x Long Energy
- BERXDirexion Daily Energy Bull 2X ETFExpense ratio 0.91%1 year return +128.6%
- CUCOProShares Ultra Bloomberg Crude OilExpense ratio 0.95%1 year return +191.9%
- CDIGProShares - Ultra EnergyExpense ratio 1.07%1 year return +128.5%
- CXLEXCorgi ETF Trust I - Corgi U.S. Energy 2x Daily ETFExpense ratio 0.45%1 year return —
- DBOILProShares Ultra Bloomberg Natural GasExpense ratio 0.95%1 year return −60.2%