Which came closer to its stated multiple, DRIP or GUSH?

Over the window to Sep 30, 2026, DRIP finished 4.5 points from what its multiple implies and GUSH finished 1.5 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 28% annualized and GUSH’s at 28%, 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.

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DRIP vs GUSH: which held to its multiple?

Over three months against its own daily promise, DRIP finished 1.6 points over and GUSH 1.7 points short. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF.

−29.8%

DRIP returned, 3 months

+32.8%

GUSH returned, 3 months

+4.5 pts

DRIP from its stated multiple

−1.5 pts

GUSH from its stated multiple

DRIP · 3 months to Sep 30, 20264.5 pts ahead of its stated multiple

DRIP returned −29.8% while −2 times XOP's move would have been −34.2%

GUSH · 3 months to Sep 30, 20261.5 pts short of its stated multiple

GUSH returned +32.8% while 2 times XOP's move would have been +34.2%

ETFIQ Decay Resistance Score · GUSH scores higherDid it keep up with its own daily multiple, compounded day by day?

DRIP among the 125 inverse ETFs over three months

DRIP 54.8

0.4, the lowest in this set99.6, the highest

GUSH among the 470 leveraged ETFs, long, over three months

GUSH 78.2

0.1, the lowest in this set99.9, the highest

A percentile among the 125 inverse ETFs over three months. GUSH is a percentile among the 470 leveraged ETFs, long, over three months, a different set, so the two marks are not on one scale. 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

	Total return		Multiple would give		Difference
Window	DRIP	GUSH	DRIP	GUSH	DRIP	GUSH
1 month	+9.3%	−10.1%	+9.4%	−9.4%	−0.1 pts	−0.7 pts
3 months	−29.8%	+32.8%	−34.2%	+34.2%	+4.5 pts	−1.5 pts
6 months	−14.5%	−0.4%	−7.0%	+7.0%	−7.6 pts	−7.4 pts
1 year	−55.0%	+66.7%	−76.8%	+76.8%	+21.9 pts	−10.2 pts
3 years	−58.5%	+10.1%	−59.9%	+59.9%	+1.4 pts	−49.8 pts
Since launch DRIP May 2015 · GUSH May 2015	−99.8%	−99.8%	−24.7%	+24.7%	−75.1 pts	−124.4 pts

DRIP and GUSH over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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

Underlying asset XOP XOP

Segment commodity commodity

Fund returned, 3 months or since launch −29.8% +32.8%

Underlying returned, over that window +17.1% +17.1%

What the stated multiple implies, over that window −34.2% +34.2%

Difference from stated, over that window +4.5 pts −1.5 pts

Fund returned, 1 year or since launch −55.0% +66.7%

Difference from stated, over that window +21.9 pts −10.2 pts

Underlying volatility 28% 28%

Expense ratio 1.01% 0.94%

Launched May 29, 2015 May 29, 2015

Net assets $131m $206m

DRIP and GUSH on the same fields, as of Sep 30, 2026. Source: ETFIQ.

DRIP in plain words

Three months to Sep 30, 2026: DRIP returned −29.8% where its own daily promise gave −31.4%, 1.6 points over. Read the multiple against the whole window instead and −2 times XOP's 17.1% implies −34.2%, which makes DRIP look 4.5 points over. 2.9 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 28% 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 30, 2026: GUSH returned +32.8% where its own daily promise gave +34.5%, 1.7 points short. Read the multiple against the whole window instead and 2 times XOP's 17.1% implies +34.2%, which makes GUSH look 1.5 points short. 0.2 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 30, 2026, DRIP finished 4.5 points from what its multiple implies and GUSH finished 1.5 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 28% annualized and GUSH’s at 28%, 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.

Other comparisons

XOP →DRIP on its own →GUSH on its own →How every figure is computed →Standards and sources →

Where these figures came from

DRIP and GUSH filings on SEC EDGAR ↗DRIP and GUSH prospectus with the expense ratio (SEC) ↗Direxion website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, DRIP against GUSH, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/drip-vs-gush

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.