GUSHDirexion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares
GUSH Fund Description
GUSH provides 2x daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US.
GUSH Factset Analytics Insight
GUSH seeks to deliver 200% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. Unlike State Street’s XOP—an unlevered fund tracking the same index—GUSH uses over-the-counter derivatives to achieve its objective. As with all levered and inverse funds, GUSH should not be expected to deliver 2 times the performance of its index for periods longer than one day. Compounding and path-dependency can cause significant deviations over longer time frames, so it's best used for single-day tactical plays. It's worth noting that GUSH's index is equal weighted, market-cap weighting would require extreme concentration in a handful of major firms. As a result, GUSH exhibits a serious small-cap tilt and the elevated market risk that comes with it. GUSH's leverage factor only amplifies the potential for volatility. Trading costs should be taken into consideration. Prior to March 31, 2020, the fund provided 300% daily performance return of the same index.
GUSH MSCI ESG Analytics Insight
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares has an MSCI ESG Fund Rating of BBB based on a score of 5.22 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ranks in the 29th percentile within its peer group and in the 23th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
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GUSH Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GUSH. GUSH is rated a 5 out of 5.