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AMDD vs AMZD

Direxion Daily AMD Bear 1X ETF

AMDDBNasdaq

Direxion Daily AMZN Bear 1X ETF

AMZDANasdaq

Overlap

Expense ratio

AMZD −0.43pt a year

AMDD1.45%AMZD1.02%

Avg volume · 30D

AMZD 10.3×the volume

AMDD1.19MAMZD12.2M

AMDD vs AMZD Performance

Oct 31, 2025 – Nov 2, 2026

−63.9%AMDD−5.6%AMZD

Oct 31, 2025 to Nov 2, 2026. AMDD −63.9%. AMZD −5.6%. Use the arrow keys to read each point.−40%−20%20%Oct 2025May 2026Nov 2026
Expense ratio
AMDD 1.45%
AMZD 1.02%, better
Fund size
AMDD $17M
AMZD $18M
1Y total return
AMDD −63.9%
AMZD −5.6%, better
Yield (12M)
AMDD 11.25%, better
AMZD 2.71%
Holdings
AMDD 4
AMZD 3
Avg volume (30D)
AMDD 1.19M sh
AMZD 12.2M sh, better
NAV per share
AMDD $26.43
AMZD $9.03
52W range

ETF.net Grade

AMDD: Cost 42, Risk 39, Mission 87, Tradability 48, Holdings not scored, Durability 63. AMZD: Cost 78, Risk 72, Mission 96, Tradability 74, Holdings not scored, Durability 70.
Pillar letters and Scores for AMDD, AMZD, with each pillar’s weight
PillarAMDDAMZD
Cost30% weightC42A78Higher
Mission25% weightA87A96Higher
Risk15% weightD39A72Higher
Tradability15% weightC48A74Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB63A70Higher

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AMDD and AMZD are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

AMZD ranks 4th and AMDD 21st of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 86
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 84
  3. Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
  4. Rank 4AAMZDDirexion Daily AMZN Bear 1X ETFScore 80
  5. Rank 4APLTDDirexion Daily PLTR Bear 1X ETFScore 80
  6. Rank 19BSMSTDefiance Daily Target 2x Short MSTR ETFScore 60
  7. Rank 21BAMDDDirexion Daily AMD Bear 1X ETFScore 56
  8. Rank 22BIREZTradr 2X Short IREN Daily ETFScore 55

Our read on each fund

ETF.net Research

AMDDBDirexion Daily AMD Bear 1X ETF

AMZDADirexion Daily AMZN Bear 1X ETF

In short

AMDD A 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.

AMZD Most single-stock bear funds reach for leverage. AMZD skips it: one dollar down for every dollar Amazon rises, for a single trading day, through swaps you buy like any share. 1.02% net of a waiver through September 1, 2027.

Stated mandate

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

AMZD The fund seeks daily inverse investment results tied to AMZN and is materially different from ordinary exchange-traded funds.

Why people hold it

  • AMDD 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.
  • AMZD Minus one, not minus two. The fund targets 100% of the inverse of Amazon's daily move, so a 3% pop in the stock is roughly a 3% hit here, not 6%.sec.gov
  • Bearish exposure comes from swap agreements and options, not borrowed stock, so the position is a regular buy order in a regular brokerage account.sec.gov
  • Fee lands below the category median: 1.02% net of a waiver through September 1, 2027, against a 1.26% gross rate.
  • Trading since September 2022 and among the more active names in its category, and it has stayed tight to its stated daily target, one of the stronger implementations among inverse single-stock funds.

Worth knowing

  • AMDD 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.
  • AMZD The exposure resets daily. Held across a choppy stretch, compounding can leave the result with little resemblance to minus one times Amazon's move over that stretch.sec.gov
  • That 1.02% rests on a waiver running through September 1, 2027. Without it the fee reverts to the 1.26% gross figure.
  • Assets are modest for the category, and a fund wired to one stock depends on ongoing appetite for that one trade.

Full AMDD profile⁠

Full AMZD profile⁠

AMDD vs AMZD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AMDD vs AMZD Cost

Overpaying AMDD vs AMZD

$6,558

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

  • AMDD 1.45%

    $25,570

  • AMZD 1.02%

    $19,012

$10,000
30 years

Cost over time

  • AMDD 1.45%
  • AMZD 1.02%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530AMDD $25,570AMZD $19,012

Year by year

YearAMDDAMZDOverpaying
10$2,509$1,797$712
20$9,241$6,746$2,495
30$25,570$19,012$6,558

Expense ratio

  • 1.45%AMDD
  • 1.02%AMZD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

AMZD 12th cheapest of 43 funds

AMDD 30th cheapest of 43 funds

AMDD vs AMZD Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AMDD 11.25%, better
AMZD 2.71%
Payout (12M)
AMDD $3.20
AMZD $0.24
Last payment
AMDD $0.24
AMZD $0.05
Ex-dividend
AMDD Sep 22, 2026
AMZD Sep 22, 2026
Paid on
AMDD Sep 29, 2026
AMZD Sep 29, 2026
Frequency
AMDD Quarterly
AMZD Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

AMDDQuarterly · 7 paymentsAll AMDD payments⁠
One bar per payment. 7 payments from 2022 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.$0$220232026YTD
AMZDQuarterly · 18 paymentsAll AMZD payments⁠
One bar per payment. 18 payments from 2022 to 2026 YTD. Sep 20, 2022 $0.0084; Dec 8, 2022 $0.69; Dec 20, 2022 $0.14; Mar 21, 2023 $0.24; Jun 21, 2023 $0.29; Sep 19, 2023 $0.45; Dec 21, 2023 $0.21; Mar 19, 2024 $0.17; Jun 25, 2024 $0.17; Sep 24, 2024 $0.14; Dec 23, 2024 $0.11; Mar 25, 2025 $0.10; Jun 24, 2025 $0.07; Sep 23, 2025 $0.11; Dec 23, 2025 $0.08; Mar 24, 2026 $0.05; Jun 23, 2026 $0.06; Sep 22, 2026 $0.05. Use the arrow keys to read each point.$0$220232026YTD

AMDD vs AMZD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AMDD 65.0%since Mar 2025AMZD 27.4%
Return per unit of riskSharpe ratio, 3 years
AMDD −1.68since Mar 2025AMZD −0.86
Worst fallMax drawdown, 5 years
AMDD −93.4%since Feb 2025AMZD −74.7%since Sep 2022
Market sensitivityBeta, 5 years
AMDD −2.52AMZD −1.26

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