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AMZD vs NVDS

Direxion Daily AMZN Bear 1X ETF

AMZDANasdaq

Tradr 1.5X Short NVDA Daily ETF

NVDSBNasdaq

Overlap

0.0%by weight

Expense ratio

AMZD −0.13pt a year

AMZD1.02%NVDS1.15%

Avg volume · 30D

AMZD 44.6×the volume

AMZD12.2MNVDS274K

3Y return · a year

AMZD +42.1pt

AMZD−20.1%NVDS−62.2%

AMZD vs NVDS Performance

Oct 31, 2025 – Nov 2, 2026

−5.6%AMZD−16.8%NVDS

Oct 31, 2025 to Nov 2, 2026. AMZD −5.6%. NVDS −16.8%. Use the arrow keys to read each point.−30%10%20%Oct 2025May 2026Nov 2026
Expense ratio
AMZD 1.02%, better
NVDS 1.15%
Fund size
AMZD $18M
NVDS $14M
1Y total return
AMZD −5.6%, better
NVDS −16.8%
Yield (12M)
AMZD 2.71%
NVDS 18.89%, better
Holdings
AMZD 3
NVDS 2
Avg volume (30D)
AMZD 12.2M sh, better
NVDS 274K sh
NAV per share
AMZD $9.03
NVDS $21.04
52W range

ETF.net Grade

AMZD: Cost 78, Risk 72, Mission 96, Tradability 74, Holdings not scored, Durability 70. NVDS: Cost 61, Risk 52, Mission 99, Tradability 53, Holdings not scored, Durability 55.
Pillar letters and Scores for AMZD, NVDS, with each pillar’s weight
PillarAMZDNVDS
Cost30% weightA78HigherB61
Mission25% weightA96A99Higher
Risk15% weightA72HigherC52
Tradability15% weightA74HigherC53
Holdings10% weightNot scoredNot scored
Durability5% weightA70HigherB55

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 NVDS 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 NVDS 14th 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 14BMSTZT-REX 2X Inverse MSTR Daily Target ETFScore 68
  7. Rank 14BNVDSTradr 1.5X Short NVDA Daily ETFScore 68
  8. Rank 14BTSLZT-REX 2X Inverse Tesla Daily Target ETFScore 68

Our read on each fund

ETF.net Research

AMZDADirexion Daily AMZN Bear 1X ETF

NVDSBTradr 1.5X Short NVDA 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.

NVDS The original inverse NVIDIA ETF, trading since 2022, and the one that dials short exposure to 1.5x instead of 1x. Built for a single session at a time, at 1.15% net of a waiver through July 31, 2027.

Stated mandate

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

NVDS The fund seeks daily investment results equal to one and a half times the inverse performance of NVIDIA common shares. It is designed to pursue this objective for a single trading day.

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.
  • NVDS The first-mover: listed July 2022, over a year before Direxion's bear NVDA fund (NVDD) arrived in September 2023. Longest live history in inverse-NVDA land.direxion.com
  • 1.5x short, not 1x. Each dollar carries one and a half dollars of inverse NVDA exposure, versus the 1x of NVDD, so less capital is tied up for the same short notional.direxion.com
  • 1.15% net of a waiver through July 31, 2027, below the median fee in the leveraged-bear single-stock group.
  • Day-to-day delivery of the stated -1.5x objective has been tight, and the fund sits in the upper half of its bear single-stock 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.
  • NVDS The objective resets every day. Hold past one session and NVDA's path, not just its direction, drives the outcome; compounding can pull results away from -1.5x.
  • Leverage cuts both ways: an up day in NVDA lands one and a half times as hard. One stock, one chip cycle, no diversification to soften it.
  • A small fund that trades moderately rather than heavily, so spreads deserve a look. Gross fee is 1.56% if the waiver lapses after July 31, 2027.

Full AMZD profile⁠

Full NVDS profile⁠

AMZD vs NVDS Holdings

How AMZD and NVDS differ

Overlap by weight

0.0%

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

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for AMZD and NVDS.

Country, concentration and asset class

Country by domicile

No country split for AMZD.

Concentration

Weight in the 10 largest Holdings

  • AMZD1816.7%
  • NVDS118.8%

Securities held

  • AMZD1
  • NVDS2

Asset class

AMZD
Leveraged/Inverse
NVDS
Equity

Holdings

  • Only in AMZD1
  • In both0
  • Only in NVDS2

Only in AMZD

1 security, 100% of AMZD by weight

  • Goldman Finl Sq Trsry Inst 506597.32%

Only in NVDS

2 securities, 100% of NVDS by weight

  • Cashusd111.33%
  • Trs NVIDIA Corp7.45%

Weight gaps

AMZD and NVDS share no securities.

All 7 AMZD holdings⁠All NVDS 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 NVDS Cost

Overpaying NVDS vs AMZD

$2,065

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

  • AMZD 1.02%

    $19,012

  • NVDS 1.15%

    $21,077

$10,000
30 years

Cost over time

  • AMZD 1.02%
  • NVDS 1.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530NVDS $21,077AMZD $19,012

Year by year

YearAMZDNVDSOverpaying
10$1,797$2,015$218
20$6,746$7,521$775
30$19,012$21,077$2,065

Expense ratio

  • 1.02%AMZD, cheaper
  • 1.15%NVDS
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

AMZD 12th cheapest of 43 funds

NVDS 23rd cheapest of 43 funds

AMZD vs NVDS Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
AMZD 2.71%
NVDS 18.89%, better
Payout (12M)
AMZD $0.24
NVDS $3.97
Last payment
AMZD $0.05
NVDS $3.97
Ex-dividend
AMZD Sep 22, 2026
NVDS Dec 23, 2025
Paid on
AMZD Sep 29, 2026
NVDS Dec 26, 2025
Frequency
AMZD Quarterly
NVDS 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$10020232026YTD
NVDSAnnual · 4 paymentsAll NVDS payments⁠
One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 27, 2022 $169.43; Dec 26, 2023 $64.08; Dec 23, 2024 $10.76; Dec 23, 2025 $3.97. Use the arrow keys to read each point.$0$10020232026YTD

AMZD vs NVDS 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%, betterNVDS 44.2%
Return per unit of riskSharpe ratio, 3 years
AMZD −0.86, betterNVDS −2.05
Worst fallMax drawdown, 5 years
AMZD −74.7%since Sep 2022NVDS −99.5%since Jul 2022
Market sensitivityBeta, 5 years
AMZD −1.26NVDS −2.23

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