GUSH vs SPY
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GUSH or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. GUSH led over 1Y and 5Y, SPY over 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 49.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GUSH | SPY |
|---|---|---|
| Expense Ratio | 0.94% | 0.09%Best |
| AUM | $234M | $814.4B |
| Dividend Yield | 1.18% | 1.01% |
| Holdings | 60 | 505 |
| YTD Return | +102.14%Best | +13.34% |
| 1Y Return | +89.50%Best | +19.97% |
| 3Y Return (annualized) | +5.73% | +21.20%Best |
| 5Y Return (annualized) | +23.17%Best | +12.81% |
| Volatility (annualized) | 102.6% | 15.2%Best |
| Max Drawdown | - | -34.1% |
| $10,000 over 5 years | $28,348Best | $18,270 |
| Top 10 Weight | 49.2% | 38.0%Best |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | May 28, 2015 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: May 29, 2015 to Sep 4, 2026 (11.3 years).
GUSH vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.3 years both funds cover.
GUSH vs SPY Performance
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF (GUSH) is an ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GUSH returned +89.50% while SPY returned +19.97%. Year to date, GUSH is up 102.14% versus a gain of 13.34% for SPY.
Over three years, GUSH compounded at +5.73% per year against +21.20% for SPY; over five years the annualized figures are +23.17% and +12.81% respectively. Across the full 11-year window we track, SPY has the edge at +12.91% annualized vs -41.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GUSH has been the more volatile fund, with annualized monthly volatility of 102.6% compared with 15.2% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GUSH charges 0.94% per year while SPY charges 0.09%. On a $10,000 position that is $94 vs $9 annually, a gap of $85 per year that compounds over a long holding period. On income, GUSH currently yields 1.18% against 1.01% for SPY.
Holdings Overlap
25.0% of GUSH's money is in holdings SPY also owns. 2.6% of SPY's money is in holdings GUSH also owns.
GUSH and SPY share little of their money.
14 positions in common, counted across the 54 positions we hold weights for in GUSH and 504 in SPY, against full books of 60 and 505.
What only one of them owns
Measured across the 54 and 504 positions we hold weights for.
SPY holds 482 positions GUSH does not, 96.9% of the fund.
Largest: NVDA 7.71%, AAPL 6.83%, MSFT 5.50%, AMZN 4.08%, GOOGL 3.33%
Top Shared Holdings
| Stock | Weight in GUSH | Weight in SPY | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 1.76% | 0.96% | 0.80% |
| CVXChevron Corp | 1.73% | 0.54% | 1.19% |
| VLOValero Energy | 2.06% | 0.14% | 1.92% |
| MPCMarathon Petroleum Corp | 2.05% | 0.14% | 1.91% |
| PSXPhillips 66 | 1.95% | 0.12% | 1.83% |
| COPConocophillips Common Stock USD 0.01 | 1.70% | 0.22% | 1.48% |
| EOGEog Resources Inc | 1.76% | 0.11% | 1.65% |
| TPLTexas Pacific Land Trust | 1.82% | 0.03% | 1.79% |
| EXEExpand Energy Corp | 1.81% | 0.03% | 1.78% |
| EQTEQT Corp. | 1.73% | 0.05% | 1.68% |
25.0% of GUSH is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GUSH or SPY?
GUSH has an expense ratio of 0.94% while SPY charges 0.09%. SPY is the cheaper option, by $85 a year on a $10,000 investment.
Which performed better, GUSH or SPY?
Over the past year GUSH returned +89.50% vs +19.97% for SPY, so GUSH leads on 1-year performance. Over the longest common window we track (11 years), GUSH annualized -41.20% vs +12.91% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GUSH or SPY?
GUSH has been the more volatile fund at 102.6% annualized versus 15.2% for SPY.
Should I hold both GUSH and SPY?
GUSH and SPY have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GUSH and SPY?
25.0% of GUSH's money is in holdings SPY also owns. 2.6% of SPY's is in holdings GUSH also owns. They hold 14 positions in common, counted across the 54 positions we hold weights for in GUSH and 504 in SPY.
Which pays a higher dividend, GUSH or SPY?
GUSH yields 1.18% while SPY yields 1.01%, so GUSH currently pays the higher dividend yield.
Is SPY better than GUSH?
SPY has a lower expense ratio. GUSH led over 1Y and 5Y, SPY over 3Y and the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 49.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.