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Launched · SEC filings

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF

GUSHNYSE ArcaDirexionCThis 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.

$46.57−5.01 (−9.71%)

At close: Nov 2, 2026, 4:00 PM ET

C50/ 100

Rank 2 of 6 in 2x/3x Long Energy

C50/100Rank 2 of 6in2x/3x Long Energy
Intraday session: down, 79 prints from 51.58 to 46.57. Range 46.53 to 50.23. Use the arrow keys to read each point.48.0049.0050.0051.0010 AM12 PM2 PM4 PM
Expense ratio
0.94%
Fund size
$226M
1Y total return
+134.2%
Yield · Last 12 months
0.93%
Holdings
60
Avg volume · 30D
685K sh
52W range
low $20.80high $52.91
Launched
Filings
SEC EDGAR

The ETF.net GUSH Grade

Based on 4 of 6 pillars

C

Score 50 out of 100

Category
2x/3x Long Energy⁠
Rank
2 of 6
Six-pillar profile for GUSH. Scores out of 100: Cost 61, Risk 37, Mission not scored, Tradability 43, Holdings not scored, Durability 48. Strongest: Cost (61). Weakest: Risk (37). Based on 4 of 6 pillars.

Score 50 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.
    B61 out of 100
    Rank 3 of 6

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D37 out of 100
    Rank 5 of 6

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C43 out of 100
    Rank 5 of 6

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C48 out of 100
    Rank 5 of 6

Our read on GUSH

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched May 28, 2015

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

GUSH$23,422
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. GUSH $23,422. SPY $11,199. Use the arrow keys to read each point.$10,000$15,000$20,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for GUSH. Periods over one year show the average yearly return.
PeriodGUSH
Year to date+137.7%
1 month+27.6%
3 months+29.0%
1 year+134.2%
3 yearsper year+13.9%
5 yearsper year+15.4%
10 yearsper year−33.4%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GUSH
YearReturn barGUSH
2026 YTD+137.7%
2025−19.4%
2024−12.7%
2023−7.3%
2022+66.5%

GUSH in the news

GUSH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.93%Last 12 months
Payout per share
$0.48Last 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 26 payments from 2017 to 2026 YTD. Sep 25, 2018 $0.93; Dec 27, 2018 $0.42; Mar 19, 2019 $3.01; Jun 25, 2019 $1.12; Sep 24, 2019 $1.28; Dec 23, 2019 $0.73; Jun 23, 2020 $0.0023; Sep 22, 2020 $0.00014; Dec 22, 2020 $0.02; Jun 22, 2022 $0.03; Sep 20, 2022 $0.14; Mar 21, 2023 $0.28; Jun 21, 2023 $0.23; Sep 19, 2023 $0.26; Dec 21, 2023 $0.21; Mar 19, 2024 $0.22; Jun 25, 2024 $0.22; Sep 24, 2024 $0.20; Dec 23, 2024 $0.18; Mar 25, 2025 $0.16; Jun 24, 2025 $0.15; Sep 23, 2025 $0.15; Dec 23, 2025 $0.11; Mar 24, 2026 $0.14; Jun 23, 2026 $0.08; Sep 22, 2026 $0.15. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.15
Jun 23, 2026Jun 30, 2026$0.08
Mar 24, 2026Mar 31, 2026$0.14
Dec 23, 2025Dec 31, 2025$0.11
Sep 23, 2025Sep 30, 2025$0.15
Jun 24, 2025Jul 1, 2025$0.15
Mar 25, 2025Apr 1, 2025$0.16
Dec 23, 2024Dec 31, 2024$0.18
Sep 24, 2024Oct 1, 2024$0.20
Jun 25, 2024Jul 2, 2024$0.22
Mar 19, 2024Mar 26, 2024$0.22
Dec 21, 2023Dec 29, 2023$0.21

See all 27 payments⁠

$10,000 in GUSH 10 years ago paid $539 in dividends.⁠

GUSH Risk

Risk pillarD37 out of 100Rank 5 of 6 in 2x/3x Long Energy

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.

How much the fund’s monthly returns vary, scaled to a year.
53.7%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.41
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−73.7%
Trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.01
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GUSH Cost

Compare GUSH and XLEX

Overpaying vs XLEX, cheapest in 2x/3x Long Energy

$8,663

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GUSH 0.94%

    $17,704

  • XLEX 0.45% Cheapest

    $9,041

$10,000
30 years

Cost over time

  • GUSH 0.94%
  • XLEX 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GUSH $17,704XLEX $9,041

Year by year

YearGUSHXLEXOverpaying
10$1,661$812$849
20$6,260$3,128$3,132
30$17,704$9,041$8,663

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