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AMZD vs CONI

Direxion Daily AMZN Bear 1X ETF

AMZDANasdaq

GraniteShares 2x Short COIN Daily ETF

CONICNasdaq

Overlap

0.0%by weight

Expense ratio

AMZD −0.69pt a year

AMZD1.02%CONI1.71%

Avg volume · 30D

AMZD 46.4×the volume

AMZD12.2MCONI263K

AMZD vs CONI Performance

Oct 31, 2025 – Nov 2, 2026

−5.6%AMZD+11.2%CONI

Oct 31, 2025 to Nov 2, 2026. AMZD −5.6%. CONI +11.2%. Use the arrow keys to read each point.100%200%300%Oct 2025May 2026Nov 2026
Expense ratio
AMZD 1.02%, better
CONI 1.71%
Fund size
AMZD $18M
CONI $10M
1Y total return
AMZD −5.6%
CONI +11.2%, better
Yield (12M)
AMZD 2.71%, better
CONI 1.51%
Holdings
AMZD 3
CONI 1
Avg volume (30D)
AMZD 12.2M sh, better
CONI 263K sh
NAV per share
AMZD $9.03
CONI $36.53
52W range

ETF.net Grade

AMZD: Cost 78, Risk 72, Mission 96, Tradability 74, Holdings not scored, Durability 70. CONI: Cost 7, Risk 56, Mission 95, Tradability 55, Holdings not scored, Durability 57.
Pillar letters and Scores for AMZD, CONI, with each pillar’s weight
PillarAMZDCONI
Cost30% weightA78HigherF7
Mission25% weightA96HigherA95
Risk15% weightA72HigherB56
Tradability15% weightA74HigherB55
Holdings10% weightNot scoredNot scored
Durability5% weightA70HigherB57

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. AMZD and CONI 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 CONI 23rd 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 22BIREZTradr 2X Short IREN Daily ETFScore 55
  7. Rank 23CCONIGraniteShares 2x Short COIN Daily ETFScore 50
  8. Rank 23CMUZDefiance Daily Target 2X Short MU ETFScore 50

Our read on each fund

ETF.net Research

AMZDADirexion Daily AMZN Bear 1X ETF

CONICGraniteShares 2x Short COIN Daily ETF

In short

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.

CONI The heavier short on Coinbase. CONI aims for -2 times COIN's move each day, where most single-stock bear funds stop at -1x. Cost is 1.15% net of a waiver through December 31, 2026, and the exposure resets daily.

Stated mandate

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

CONI The Fund seeks daily inverse results equal to -2 times the daily percentage change of Coinbase Global Inc.

Why people hold it

  • 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.
  • CONI Aims for -2 times Coinbase's daily move, double the inverse exposure of the 1x bear funds that fill most of the single-stock shelf (AAPD, TSLS, SKHZ).
  • 1.15% net of a waiver through December 31, 2026, below the typical fee in its category. Gross is 2.11%.
  • Short Coinbase exposure inside a 1940 Act ETF: no margin account, no shares to locate and borrow, bought and sold like any stock.graniteshares.com
  • Has hewn closely to its stated daily -2x target since launching in 2024, one of the stronger implementations in its peer group.

Worth knowing

  • 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.
  • CONI The -2x applies to a single day. Hold longer and compounding can push results well away from -2x COIN's move over that stretch.
  • The waiver runs out December 31, 2026; gross is 2.11%, so the cost picture hinges on renewal.
  • A small fund and only moderately traded, so spreads and order timing matter more here than with the busiest bear funds.

Full AMZD profile⁠

Full CONI profile⁠

AMZD vs CONI Holdings

How AMZD and CONI differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AMZD and 0.0% of CONI.

Level by level

  • Holdings0 in both0.0%
  • Asset classLeveraged/Inverse100%

Sector

No Sector split for AMZD.

Country, concentration and asset class

Country by domicile

No country split for AMZD.

Concentration

Weight in the 10 largest Holdings

  • AMZD1816.7%
  • CONI199.9%

Securities held

  • AMZD1
  • CONI1

Asset class

AMZD
Leveraged/Inverse
CONI
Leveraged/Inverse

Holdings

  • Only in AMZD1
  • In both0
  • Only in CONI1

Only in AMZD

1 security, 100% of AMZD by weight

  • Goldman Finl Sq Trsry Inst 506597.32%

Only in CONI

1 security, 100% of CONI by weight

  • Coin199.92%

Weight gaps

AMZD and CONI share no securities.

All 7 AMZD holdings⁠All 2 CONI 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.

AMZD vs CONI Cost

Overpaying CONI vs AMZD

$10,163

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

  • AMZD 1.02%

    $19,012

  • CONI 1.71%

    $29,175

$10,000
30 years

Cost over time

  • AMZD 1.02%
  • CONI 1.71%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530CONI $29,175AMZD $19,012

Year by year

YearAMZDCONIOverpaying
10$1,797$2,927$1,130
20$6,746$10,659$3,913
30$19,012$29,175$10,163

Expense ratio

  • 1.02%AMZD, cheaper
  • 1.71%CONI
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

AMZD 12th cheapest of 43 funds

CONI 39th cheapest of 43 funds

AMZD vs CONI Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AMZD 2.71%, better
CONI 1.51%
Payout (12M)
AMZD $0.24
CONI $0.60
Last payment
AMZD $0.05
CONI $0.60
Ex-dividend
AMZD Sep 22, 2026
CONI Dec 29, 2025
Paid on
AMZD Sep 29, 2026
CONI Dec 31, 2025
Frequency
AMZD Quarterly
CONI Annual

Distribution history

Per share, 2022 to 2026, same scale for both

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$2.5020232026YTD
CONIAnnual · 2 paymentsAll CONI payments⁠
One bar per payment. 2 payments from 2022 to 2026 YTD. Dec 27, 2024 $3.29; Dec 29, 2025 $0.60. Use the arrow keys to read each point.$0$2.5020232026YTD

AMZD vs CONI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AMZD 27.4%CONI 112.3%since Oct 2024
Return per unit of riskSharpe ratio, 3 years
AMZD −0.86CONI −0.46since Oct 2024
Worst fallMax drawdown, 5 years
AMZD −74.7%since Sep 2022CONI −96.2%since Sep 2024
Market sensitivityBeta, 5 years
AMZD −1.26CONI −4.23

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