Data as of .
DRIP vs GUSH: which held to its multiple?
Over three months against its own daily promise, DRIP finished 1.9 points over and GUSH 1.0 points short.
ETFIQ Decay Resistance Score: GUSH scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 121 inverse ETFs over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| DRIP | GUSH | DRIP | GUSH | DRIP | GUSH | |
| 1 month | −16.6% | +19.8% | −19.2% | +19.2% | +2.6 pts | +0.6 pts |
| 3 months | −31.2% | +37.9% | −37.9% | +37.9% | +6.7 pts | 0.0 pts |
| 6 months | −33.5% | +29.0% | −35.2% | +35.2% | +1.7 pts | −6.2 pts |
| 1 year | −62.7% | +103.0% | −104.9% | +104.9% | +42.2 pts | −1.8 pts |
| 3 years | −62.0% | +22.1% | −73.1% | +73.1% | +11.1 pts | −50.9 pts |
| Since launch | −99.8% | −99.7% | −44.2% | +44.2% | −55.6 pts | −143.9 pts |
| DRIP Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF Aims to return twice the opposite of the daily move of oil and gas producers (XOP) | GUSH Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF Aims to return twice the daily move of oil and gas producers (XOP) | |
|---|---|---|
| Issuer | Direxion | Direxion |
| Sets out to return | -2x | +2x |
| On | XOP | XOP |
| Segment | commodity | commodity |
| Fund returned, 3 months | −31.2% | +37.9% |
| Underlying returned, 3 months | +18.9% | +18.9% |
| What the stated multiple implies, 3 months | −37.9% | +37.9% |
| Difference from stated, 3 months | +6.7 pts | 0.0 pts |
| Fund returned, 1 year or since launch | −62.7% | +103.0% |
| Difference from stated, over that window | +42.2 pts | −1.8 pts |
| Underlying volatility | 27% | 27% |
| Expense ratio | 1.01% | 0.94% |
| Launched | May 29, 2015 | May 29, 2015 |
DRIP in plain words
Three months to Sep 11, 2026: DRIP returned −31.2% where its own daily promise gave −33.2%, 1.9 points over. Read the multiple against the whole window instead and −2 times XOP's 18.9% implies −37.9%, which makes DRIP look 6.7 points over. 4.7 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. DRIP aims to return -2 times XOP's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. XOP moved at 27% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
GUSH in plain words
Three months to Sep 11, 2026: GUSH returned +37.9% where its own daily promise gave +38.9%, 1.0 points short. Read the multiple against the whole window instead and +2 times XOP's 18.9% implies +37.9%, which makes GUSH look 0.0 points over. 1.0 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. GUSH aims to return +2 times XOP's move each day, then resets. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, DRIP or GUSH?
- Over the window to Sep 11, 2026, DRIP finished 6.7 points from what its multiple implies and GUSH finished 0.0 points from its own, so GUSH came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are DRIP and GUSH levered on the same thing?
- Yes. Both are levered on oil and gas producers, DRIP at -2 times and GUSH at +2 times the daily move.
- Which one decays faster, DRIP or GUSH?
- Decay follows how much the underlying moves about. Over this window DRIP’s moved at 27% annualized and GUSH’s at 27%, so DRIP has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold DRIP or GUSH for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, DRIP or GUSH?
- DRIP charges 1.01% a year and GUSH charges 0.94%, so GUSH is cheaper. Fees come from each fund's prospectus.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, DRIP against GUSH, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/DRIP-GUSH Free to use with attribution; the underlying files are at Open data.