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AMZD vs PALD

Direxion Daily AMZN Bear 1X ETF

AMZDANasdaq

Direxion Daily PANW Bear 1X ETF

PALDCNasdaq

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

AMZD1.02%PALD1.02%

Avg volume · 30D

AMZD 112.5×the volume

AMZD12.3MPALD109K

AMZD vs PALD Performance

Nov 7, 2025 – Nov 9, 2026

−13.5%AMZD−47.6%PALD

Nov 7, 2025 to Nov 9, 2026. AMZD −13.5%. PALD −47.6%. Use the arrow keys to read each point.−60%0%20%40%Nov 2025May 2026Nov 2026
Expense ratio
AMZD 1.02%
PALD 1.02%
Fund size
AMZD $16M
PALD $4M
1Y total return
AMZD −13.5%, better
PALD −47.6%
Yield (12M)
AMZD 2.96%
PALD 4.95%, better
Holdings
AMZD 3
PALD 4
Avg volume (30D)
AMZD 12.3M sh, better
PALD 109K sh
NAV per share
AMZD $8.34
PALD $11.37
52W range

ETF.net Grade

AMZD: Cost 78, Risk 68, Mission 98, Tradability 73, Holdings not scored, Durability 71. PALD: Cost 78, Risk 48, Mission 93, Tradability 29, Holdings not scored, Durability 52.
Pillar letters and Scores for AMZD, PALD, with each pillar’s weight
PillarAMZDPALD
Cost30% weightA78A78
Mission25% weightA98HigherA93
Risk15% weightB68HigherC48
Tradability15% weightA73HigherD29
Holdings10% weightNot scoredNot scored
Durability5% weightA71HigherC52

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 PALD 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 PALD 27th 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 27CNFXSDirexion Daily NFLX Bear 1X ETFScore 40
  7. Rank 27CPALDDirexion Daily PANW Bear 1X ETFScore 40
  8. Rank 27CQCMDDirexion Daily QCOM Bear 1X SharesScore 40

Our read on each fund

ETF.net Research

AMZDADirexion Daily AMZN Bear 1X ETF

PALDCDirexion Daily PANW 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.

PALD Short Palo Alto Networks in one ticker. PALD targets -100% of PANW's move each trading day, held through swaps rather than borrowed shares, with no leverage stacked on top. A one-day tool by design.

Stated mandate

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

PALD The fund seeks daily investment results equal to 100% of the inverse performance of Palo Alto Networks, Inc. common shares, before fees and expenses.

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.
  • PALD Unleveraged inverse: a 1% up day in PANW means roughly a 1% down day for the fund before fees. No 2x or 3x amplifier on the trade.
  • Costs 1.02% net of a waiver through September 1, 2027, against a 2.33% gross ratio, and that lands below the category median fee.direxion.com
  • Exposure runs through swap agreements with major global financial institutions, rebalanced daily, so there is no stock borrow to arrange yourself.sec.gov
  • Day to day it has stayed close to its stated inverse target, which is the whole job of a one-day fund.

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.
  • PALD Daily reset: hold past one session and returns compound off each close, so a choppy stretch can land far from the simple inverse of PANW's move.sec.gov
  • One stock, no diversification. A PANW earnings gap arrives in full overnight, before the market reopens.sec.gov
  • Small fund with moderate volume, so spreads can widen in fast markets. The waiver ends September 1, 2027; without renewal the 2.33% gross applies.

Full AMZD profile⁠

Full PALD profile⁠

AMZD vs PALD 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 PALD Cost

Same expense ratio

$19,012

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

  • AMZD 1.02%

    $19,012

  • PALD 1.02%

    $19,012

$10,000
30 years

Cost over time

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

Year by year

YearAMZDPALD
10$1,797$1,797
20$6,746$6,746
30$19,012$19,012

Expense ratio

  • 1.02%AMZD
  • 1.02%PALD
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

AMZD 12th cheapest of 43 funds

PALD 12th cheapest of 43 funds

AMZD vs PALD Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
AMZD 2.96%
PALD 4.95%, better
Payout (12M)
AMZD $0.24
PALD $0.53
Last payment
AMZD $0.05
PALD $0.10
Ex-dividend
AMZD Sep 22, 2026
PALD Sep 22, 2026
Paid on
AMZD Sep 29, 2026
PALD Sep 29, 2026
Frequency
AMZD Quarterly
PALD 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
PALDQuarterly · 5 paymentsAll PALD payments⁠
One bar per payment. 5 payments from 2022 to 2026 YTD. Jun 24, 2025 $0.20; Sep 23, 2025 $0.19; Dec 23, 2025 $0.40; Jun 23, 2026 $0.04; Sep 22, 2026 $0.10. Use the arrow keys to read each point.$0$0.5020232026YTD

AMZD vs PALD 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%PALD 46.1%since Apr 2025
Return per unit of riskSharpe ratio, 3 years
AMZD −0.86PALD −1.16since Apr 2025
Worst fallMax drawdown, 5 years
AMZD −74.7%since Sep 2022PALD −70.9%since Mar 2025
Market sensitivityBeta, 5 years
AMZD −1.36PALD −1.01

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