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GUSH seeks investment results that equate to of 300% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index, which is designed to measure the performance of a sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (“GICS”)–a standardized classification system for equities.
300% of the daily performance means three times the returns–as such, Yahoo! Finance performance numbers show GUSH generated 94.96% for investors in the past year and 33.81% year-to-date–numbers that would make Daniel Plainview from the movie “There Will Be Blood” rethink his oil investing strategy.
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