Skip to content
etf.net

Launched

Direxion Daily AMD Bear 1X ETF

AMDDNasdaqDirexionBThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$28.44+2.01 (+7.60%)

At close: Nov 2, 2026, 4:00 PM ET

B56/ 100

Rank 21 of 58 in Single-Stock Inverse

B56/100Rank 21 of 58inSingle-Stock Inverse
Intraday session: up, 79 prints from 26.43 to 28.44. Range 26.07 to 28.45. Use the arrow keys to read each point.26.0027.0027.5028.0010 AM12 PM2 PM4 PM
Expense ratio
1.45%
Fund size
$17M
1Y total return
−63.9%
Yield · Last 12 months
11.25%
Holdings
4
Avg volume · 30D
1.19M sh
52W range
low $20.86high $105.80
Launched

The ETF.net AMDD Grade

Based on 5 of 6 pillars

B

Score 56 out of 100

Category
Single-Stock Inverse⁠
Rank
21 of 58
Six-pillar profile for AMDD. Scores out of 100: Cost 42, Risk 39, Mission 87, Tradability 48, Holdings not scored, Durability 63. Strongest: Mission (87). Weakest: Risk (39). Based on 5 of 6 pillars.

Score 56 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C42 out of 100
    Rank 34 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A87 out of 100
    Rank 26 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D39 out of 100
    Rank 35 of 54

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 29 of 58

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B63 out of 100
    Rank 16 of 58

Our read on AMDD

ETF.net Research

In short

BA one-day short on AMD, bought like any stock. AMDD aims for 100% of the inverse of AMD's daily move: no margin account, no borrowed shares, and no extra leverage stacked on top.

Stated mandate

The Fund seeks daily investment results equal to 100% of the inverse of AMD’s daily performance, before fees and expenses.

Why people hold it

  • Shorting without the plumbing. One buy order gets inverse AMD exposure, no margin account and no locating shares to borrow.
  • Unleveraged inverse: the daily target is -1x AMD, before fees, so a 5% AMD pop aims for roughly a 5% fund drop, not 10%.
  • Day to day, it has tracked its stated -1x target closely, one of the tighter mandate deliveries among single-stock bear funds.
  • Ordinary 1940 Act fund wrapper, actively traded during market hours, with distributions paid quarterly.

Worth knowing

  • The 1.45% expense ratio sits above other single-stock bear funds, including TSLS at 0.95% and AAPD at 0.96%.
  • The target resets every day. Hold past one session and compounding takes over, so multi-day results can drift far from the inverse of AMD's move.
  • Young and small: launched in 2025 with a modest asset base, and one chipmaker's headlines drive the whole position.

AMDD Performance

Launched Feb 12, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
AMDD$3,605
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. AMDD $3,605. SPY $11,146. Use the arrow keys to read each point.$5,000$10,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AMDD. Periods over one year show the average yearly return.
PeriodAMDD
Year to date−68.8%
1 month+31.1%
3 months−5.5%
1 year−63.9%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AMDD
YearReturn barAMDD
2026 YTD−68.8%
2025−60.7%

Since listing, Feb 12, 2025

AMDD in the news

AMDD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
11.25%Last 12 months
Payout per share
$3.20Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 7 payments from 2025 to 2026 YTD. Mar 25, 2025 $0.87; Jun 24, 2025 $1.72; Sep 23, 2025 $1.03; Dec 23, 2025 $1.57; Mar 24, 2026 $1.14; Jun 23, 2026 $0.25; Sep 22, 2026 $0.24. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.24
Jun 23, 2026Jun 30, 2026$0.25
Mar 24, 2026Mar 31, 2026$1.14
Dec 23, 2025Dec 31, 2025$1.57
Sep 23, 2025Sep 30, 2025$1.03
Jun 24, 2025Jul 1, 2025$1.72
Mar 25, 2025Apr 1, 2025$0.87

$10,000 in AMDD 1 year ago paid $392 in dividends.

AMDD Risk

Risk pillarD39 out of 100Rank 35 of 54 in Single-Stock Inverse

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
65.0%
Annualised · 20 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−1.68
vs 3-month T-bills · 20 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−93.4%
20 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−2.52
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

AMDD Cost

Compare AMDD and SKHZ

Overpaying vs SKHZ, cheapest in Single-Stock Inverse

$11,088

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AMDD 1.45%

    $25,570

  • SKHZ 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • AMDD 1.45%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530AMDD $25,570SKHZ $14,482

Year by year

YearAMDDSKHZOverpaying
10$2,509$1,336$1,173
20$9,241$5,078$4,163
30$25,570$14,482$11,088

Other funds in Single-Stock Inverse

See others