# GUSH (Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: GUSH returned +37.9% where its own daily promise gave +38.9%, 1.0 points short.

## Key facts

- GUSH, what XOP did: +18.9%, as of Sep 11, 2026.
- GUSH, what +2 times a day gives: +38.9%, as of Sep 11, 2026.
- GUSH, what the fund returned: +37.9%, as of Sep 11, 2026.
- GUSH, the fund itself cost: −1.0 pts, as of Sep 11, 2026.
- GUSH, net assets: $298m (source, as filed for Apr 30, 2026).
- GUSH, expense ratio: 0.94% (485BPOS XBRL, Feb 26, 2026).

## GUSH over each window to Sep 11, 2026

| Window | Fund | XOP | +2x the move | Difference | XOP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +19.8% | +9.6% | +19.2% | +0.6 pts | 16% |
| 3 months | +37.9% | +18.9% | +37.9% | 0.0 pts | 27% |
| 6 months | +29.0% | +17.6% | +35.2% | −6.2 pts | 30% |
| 1 year | +103.0% | +52.4% | +104.9% | −1.8 pts | 29% |
| 3 years | +22.1% | +36.5% | +73.1% | −50.9 pts | 28% |
| Since launch | −99.7% | +22.1% | +44.2% | −143.9 pts | 40% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of XOP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2 times, against +2 stated | ETFIQ |
| Underlying | XOP | ETFIQ |
| Segment | asset class, commodity | ETFIQ |
| Net assets | $298m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.94% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | May 29, 2015 | ETFIQ |
| Underlying volatility over the window | 27% annualized | ETFIQ |

## Questions

### Did GUSH return +2 times XOP?

Over the window to Sep 11, 2026, XOP moved +18.9% and GUSH returned +37.9%. 2 times that move is +37.9%, so the fund came out 0.0 points ahead of it.

### Why does GUSH not return +2 times over a year?

Because it resets daily. GUSH aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, GUSH, data as of Sep 11, 2026. https://etfiq.com/funds/GUSH
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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