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AMZD vs NVDD

Direxion Daily AMZN Bear 1X ETF

AMZDANasdaq

Direxion Daily NVDA Bear 1X ETF

NVDDANasdaq

Overlap

Expense ratio

NVDD −0.01pt a year

AMZD1.02%NVDD1.01%

Avg volume · 30D

AMZD 63.4×the volume

AMZD12.3MNVDD194K

3Y return · a year

AMZD +23.6pt

AMZD−22.0%NVDD−45.6%

AMZD vs NVDD Performance

Nov 7, 2025 – Nov 9, 2026

−13.5%AMZD−2.0%NVDD

Nov 7, 2025 to Nov 9, 2026. AMZD −13.5%. NVDD −2.0%. Use the arrow keys to read each point.−20%10%20%Nov 2025May 2026Nov 2026
Expense ratio
AMZD 1.02%
NVDD 1.01%, better
Fund size
AMZD $16M
NVDD $21M
1Y total return
AMZD −13.5%
NVDD −2.0%, better
Yield (12M)
AMZD 2.96%
NVDD 3.75%, better
Holdings
AMZD 3
NVDD 4
Avg volume (30D)
AMZD 12.3M sh, better
NVDD 194K sh
NAV per share
AMZD $8.34
NVDD $34.81
52W range

ETF.net Grade

AMZD: Cost 78, Risk 68, Mission 98, Tradability 73, Holdings not scored, Durability 71. NVDD: Cost 78, Risk 58, Mission 90, Tradability 38, Holdings not scored, Durability 74.
Pillar letters and Scores for AMZD, NVDD, with each pillar’s weight
PillarAMZDNVDD
Cost30% weightA78A78
Mission25% weightA98HigherA90
Risk15% weightB68HigherB58
Tradability15% weightA73HigherD38
Holdings10% weightNot scoredNot scored
Durability5% weightA71A74Higher

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 NVDD 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 NVDD 10th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 84
  2. Rank 2ATSDDGraniteShares 2x Short TSLA Daily ETFScore 83
  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 9AGGLSDirexion Daily GOOGL Bear 1X ETFScore 75
  7. Rank 10ANVDDDirexion Daily NVDA Bear 1X ETFScore 71
  8. Rank 10AORCSDirexion Daily ORCL Bear 1X ETFScore 71

Our read on each fund

ETF.net Research

AMZDADirexion Daily AMZN Bear 1X ETF

NVDDADirexion Daily NVDA 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.

NVDD A straight one-for-one short on NVIDIA that resets every trading day: no 2x amplifier, no margin account, no hunting for borrowable shares. It also undercuts the other inverse-NVDA ETF on fees.

Stated mandate

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

NVDD The fund seeks daily investment results, before fees and expenses, equal to 100% of the inverse performance of NVIDIA Corporation 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.
  • NVDD 1.01% a year, cheaper than the typical inverse single-stock fund and a full step below NVDS, the other ETF aimed at inverse NVDA.
  • The mandate is -1x, not -2x. Daily compounding still shapes results, but single-strength inverse drifts less than the double-short bears beside it, like MSTZ and TSDD.
  • Hits its stated daily target about as tightly as anything in the inverse single-stock group, with a live track record since its 2023 launch.
  • It trades like any other ETF ticker rather than a short sale, so there is no margin-call machinery and no exposure beyond what you put in.

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.
  • NVDD The -1x applies to one day at a time. Hold through a choppy stretch and the result can diverge meaningfully from the inverse of NVDA's move over that stretch.
  • One stock, one story. Earnings night, a supply headline, a rival's chip: NVIDIA news drives the entire position, with nothing else to cushion it.
  • A small fund with moderate trading activity, so spreads and execution costs can stack on top of the 1.01% fee.

Full AMZD profile⁠

Full NVDD profile⁠

AMZD vs NVDD 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 NVDD Cost

Overpaying AMZD vs NVDD

$162

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

  • AMZD 1.02%

    $19,012

  • NVDD 1.01%

    $18,850

$10,000
30 years

Cost over time

  • AMZD 1.02%
  • NVDD 1.01%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530AMZD $19,012NVDD $18,850

Year by year

YearAMZDNVDDOverpaying
10$1,797$1,780$17
20$6,746$6,686$60
30$19,012$18,850$162

Expense ratio

  • 1.02%AMZD
  • 1.01%NVDD, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

NVDD 10th cheapest of 43 funds

AMZD 12th cheapest of 43 funds

AMZD vs NVDD Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
AMZD 2.96%
NVDD 3.75%, better
Payout (12M)
AMZD $0.24
NVDD $1.36
Last payment
AMZD $0.05
NVDD $0.49
Ex-dividend
AMZD Sep 22, 2026
NVDD Sep 22, 2026
Paid on
AMZD Sep 29, 2026
NVDD Sep 29, 2026
Frequency
AMZD Quarterly
NVDD Quarterly

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$0.5020232026YTD
NVDDQuarterly · 13 paymentsAll NVDD payments⁠
One bar per payment. 13 payments from 2022 to 2026 YTD. Dec 8, 2023 $0.03; Dec 21, 2023 $0.26; Mar 19, 2024 $0.12; Jun 25, 2024 $0.05; Sep 24, 2024 $0.07; Dec 23, 2024 $0.08; Mar 25, 2025 $0.05; Jun 24, 2025 $0.04; Sep 23, 2025 $0.04; Dec 23, 2025 $0.34; Mar 24, 2026 $0.26; Jun 23, 2026 $0.28; Sep 22, 2026 $0.49. Use the arrow keys to read each point.$0$0.5020232026YTD

AMZD vs NVDD 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%, betterNVDD 32.7%
Return per unit of riskSharpe ratio, 3 years
AMZD −0.86, betterNVDD −2.03
Worst fallMax drawdown, 5 years
AMZD −74.7%since Sep 2022NVDD −89.6%since Sep 2023
Market sensitivityBeta, 5 years
AMZD −1.36NVDD −1.72

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