Skip to content
Beacon

GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

Take a bet11y track recordRanked #84 of 775 in this goal

Seeks daily investment results of 200% of the daily performance of the S&P Oil & Gas Exploration & Production Index.

By Direxion Funds · Launched 2015

Annual Cost

0.94%

#4,588 of 5,562 · expensive

Fund Size

$234M

#2,190 of 5,562 · mid-size

Return (1Y)Goal

+18.2%

Track Record

11 years

#1,298 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$13,516+35.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Sector

Energy

Index tracked

S&P Oil & Gas Exploration & Production Select Industry Index

What it actually holds

By weight

Concentration

Top 10 holdings = 46.0% of fundmoderately concentrated

DREYFUS GOVERNMENT CASH MANAGE
21.1%
GOLDMAN FINANCIAL
7.6%
CNX Resources Corporation
2.3%
Murphy Oil Corporation
2.2%
Marathon Petroleum Corp.
2.2%
Expand Energy Corp.
2.2%
Valero Energy Corp.
2.2%
EQT Corporation
2.1%
Phillips 66
2.1%
Diamondback Energy Inc
2.1%

Asset allocation

Stocks
94.5%
Cash
5.5%

By sector

Energy
96.8%
Basic Materials
3.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
56.5%High

Year-on-year price swings

Max drawdown
-99.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.28Below average
Sortino (3Y)
0.38Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 200% of the daily performance of the S&P Oil & Gas Exploration & Production Index.
Strategy
Invests primarily in financial instruments, including swap and futures agreements, to achieve 2x daily leveraged exposure to the S&P Oil & Gas Exploration & Production Index. Concentrates investments in U.S. companies within the oil and gas sectors, rebalancing daily to maintain targeted exposure.
Inception date
May 28, 2015
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

What's next?

You've reviewed GUSH. Save it to your watchlist to track it alongside the other funds you're weighing.

Data updated on 2026-06-19