AMZD vs CSCS: Grades, Fees and Holdings Compared

Direxion Daily AMZN Bear 1X ETF

AMZDANasdaq

Direxion Daily CSCO Bear 1X ETF

CSCSCNasdaq

Overlap

0.0%by weight

Expense ratio

CSCS −0.02pt a year

AMZD1.02%CSCS1.00%

Avg volume · 30D

AMZD 951.0×the volume

AMZD12.3MCSCS12.9K

AMZD vs CSCS Performance

Nov 7, 2025 – Nov 9, 2026

−13.5%AMZD−34.4%CSCS

Expense ratio: AMZD 1.02%; CSCS 1.00%, better
Fund size: AMZD $16M; CSCS $2M
1Y total return: AMZD −13.5%, better; CSCS −34.4%
Yield (12M): AMZD 2.96%; CSCS 3.28%, better
Holdings: AMZD 3; CSCS 4
Avg volume (30D): AMZD 12.3M sh, better; CSCS 12.9K sh
NAV per share: AMZD $8.34; CSCS $15.92
52W range

ETF.net Grade

Pillar letters and Scores for AMZD, CSCS, with each pillar’s weight
Pillar	AMZD	CSCS
Cost30% weight	A78	A89Higher
Mission25% weight	A98Higher	A96
Risk15% weight	B68Higher	B57
Tradability15% weight	A73Higher	D26
Holdings10% weight	Not scored	Not scored
Durability5% weight	A71Higher	C43

Rank among Single-Stock Inverse funds

How we build Categories ›

Same Category. AMZD and CSCS 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 CSCS 27th of 43 funds in the Single-Stock Inverse Category.

Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 84
Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 83
Rank 3ATSLSDirexion Daily TSLA Bear 1X ETFScore 81
Rank 4AAMZDDirexion Daily AMZN Bear 1X ETFScore 80
Rank 4APLTDDirexion Daily PLTR Bear 1X ETFScore 80
Rank 26CSNDQTradr 2X Short SNDK Daily ETFScore 42
Rank 27CCSCSDirexion Daily CSCO Bear 1X ETFScore 40
Rank 27CNFXSDirexion Daily NFLX Bear 1X ETFScore 40

Our read on each fund

ETF.net Research

AMZDADirexion Daily AMZN Bear 1X ETF

CSCSCDirexion Daily CSCO Bear 1X 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.

CSCS A straight bet against Cisco, the networking giant: CSCS aims for -100% of CSCO's daily move, no leverage stacked on top, in a category crowded with 2x and 3x shorts.

Stated mandate

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

CSCS The fund seeks daily investment results, before fees and expenses, equal to 100% of the inverse performance of Cisco Systems, Inc. common shares.

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.

CSCS The daily target is -100% of Cisco's move, not -2x or -3x. The inverse exposure comes without a leverage multiplier amplifying each day's swing.direxion.com
Costs 1.00% net of a waiver through September 1, 2027, below the category median fee across the 54 peers with fee data.
Short exposure arrives as an ordinary fund share: no margin account, no shares to borrow, no short-sale position to maintain overnight.direxion.com
Since its June 2025 launch, day-to-day results have tracked the stated inverse target closely.

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.

CSCS One stock, no diversification cushion, and a daily reset: hold past a day and your result depends on Cisco's path, not just where the stock lands.direxion.com
Smaller and more thinly traded than the headline names in this category, so spreads can run wider. Limit orders matter here.
That 1.00% is a waived rate. Gross is 2.99%, and the waiver runs only through September 1, 2027.

Full AMZD profile⁠

Full CSCS profile⁠

AMZD vs CSCS Holdings

How AMZD and CSCS differ

Overlap by weight

0.0%

About this figure: AMZD gets much of its exposure from swaps and futures, which aren’t counted.

CSCS gets much of its exposure from swaps and futures, which aren’t counted.

Level by level

Holdings0 in both0.0%
Asset classLeveraged/Inverse100%

Sector

No Sector split for AMZD and CSCS.

Country, concentration and asset class

Country by domicile

No country split for AMZD.

Concentration

Weight in the 10 largest Holdings

AMZD8265.4%
CSCS1295.9%

Securities held

AMZD1
CSCS0

Asset class

AMZD: Leveraged/Inverse
CSCS: Leveraged/Inverse

Holdings

Only in AMZD1
In both0
Only in CSCS0

Only in AMZD

1 security, 100% of AMZD by weight

Goldman Finl Sq Trsry Inst 5062633.95%

Only in CSCS

0 securities, 0.0% of CSCS by weight

Weight gaps

AMZD and CSCS share no securities.

All 7 AMZD holdings⁠All 4 CSCS 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 CSCS Cost

Overpaying AMZD vs CSCS

$324

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

AMZD 1.02%
$19,012
CSCS 1.00%
$18,688

Amount$10,000

Years30 years

Cost over time

AMZD 1.02%
CSCS 1.00%
Overpaying

Year by year

Year	AMZD	CSCS	Overpaying
10	$1,797	$1,763	$34
20	$6,746	$6,625	$121
30	$19,012	$18,688	$324

Expense ratio

1.02%AMZD
1.00%CSCS, cheaper

CSCS1.00%AMZD1.02%

0.75%2.31%

Middle half of Single-Stock Inverse funds
Median 1.05%

CSCS 8th cheapest of 43 funds

AMZD 12th cheapest of 43 funds

AMZD vs CSCS Dividends

Last 12 months to Nov 9, 2026

Yield (12M): AMZD 2.96%; CSCS 3.28%, better
Payout (12M): AMZD $0.24; CSCS $0.50
Last payment: AMZD $0.05; CSCS $0.11
Ex-dividend: AMZD Sep 22, 2026; CSCS Sep 22, 2026
Paid on: AMZD Sep 29, 2026; CSCS Sep 29, 2026
Frequency: AMZD Quarterly; CSCS Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

AMZDQuarterly · 18 paymentsAll AMZD payments⁠

CSCSQuarterly · 5 paymentsAll CSCS payments⁠

AMZD vs CSCS 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%CSCS 27.1%since Jul 2025
Return per unit of riskSharpe ratio, 3 years: AMZD −0.86CSCS −1.34since Jul 2025
Worst fallMax drawdown, 5 years: AMZD −74.7%since Sep 2022CSCS −51.6%since Jun 2025
Market sensitivityBeta, 5 years: AMZD −1.36CSCS −1.45; Market = 1

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