DIG vs GUSH

DIGCProShares Ultra Energy

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

In short

DIG Two times the daily move of the S&P 500's energy sector, delivered in stocks rather than crude futures. Trading since 2007, DIG is one of the originals in leveraged energy, built on big integrated oil names instead of wildcat drillers.

GUSH A 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

DIG The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of the S&P Energy Select Sector Index.

GUSH 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

• DIG Leverage on the blue-chip benchmark: twice the daily move of the S&P Energy Select Sector Index, a cap-weighted slice of S&P 500 energy names, so the big integrateds set the pace.sec.gov
• Stocks, not barrels. The exposure sits on a concentrated basket of roughly 30 energy equities, with no crude futures roll in the machinery, unlike peer UCO.proshares.com
• Running since January 2007, through multiple oil booms and busts, it is one of the longest-standing 2x energy funds, and it passes along underlying stock dividends quarterly.

• GUSH 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

• DIG Leverage rebalances daily, so returns over any longer hold can differ significantly from 2x the index; ProShares notes a near-50% one-day index drop could wipe out the investment.proshares.comsec.gov
• 0.95% net of a waiver through September 30, 2027 (1.06% gross) sits near the category median, while newer rival XLEX lists 0.45% and ERX 0.91%.
• One of the less-traded funds in its corner of the market, so bid-ask spreads and limit orders matter more here than with the biggest leveraged energy names.

• GUSH 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.

Full DIG profile⁠

Full GUSH profile⁠