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AMZD vs TSLZ

Direxion Daily AMZN Bear 1X ETF

AMZDANasdaq

T-REX 2X Inverse Tesla Daily Target ETF

TSLZBCboe

Overlap

0.0%by weight

Expense ratio

AMZD −0.03pt a year

AMZD1.02%TSLZ1.05%

Avg volume · 30D

AMZD 5.0×the volume

AMZD12.3MTSLZ2.47M

3Y return · a year

AMZD +52.2pt

AMZD−21.3%TSLZ−73.5%

AMZD vs TSLZ Performance

Nov 6, 2025 – Nov 6, 2026

−11.3%AMZD−14.3%TSLZ

Nov 6, 2025 to Nov 6, 2026. AMZD −11.3%. TSLZ −14.3%. Use the arrow keys to read each point.0%20%40%Nov 2025May 2026Nov 2026
Expense ratio
AMZD 1.02%, better
TSLZ 1.05%
Fund size
AMZD $16M
TSLZ $31M
1Y total return
AMZD −11.3%, better
TSLZ −14.3%
Yield (12M)
AMZD 2.87%, better
TSLZ 0.73%
Holdings
AMZD 3
TSLZ 2
Avg volume (30D)
AMZD 12.3M sh, better
TSLZ 2.47M sh
NAV per share
AMZD $8.30
TSLZ $12.13
52W range

ETF.net Grade

AMZD: Cost 78, Risk 67, Mission 98, Tradability 73, Holdings not scored, Durability 71. TSLZ: Cost 65, Risk 50, Mission 100, Tradability 45, Holdings not scored, Durability 64.
Pillar letters and Scores for AMZD, TSLZ, with each pillar’s weight
PillarAMZDTSLZ
Cost30% weightA78HigherB65
Mission25% weightA98A100Higher
Risk15% weightB67HigherC50
Tradability15% weightA73HigherC45
Holdings10% weightNot scoredNot scored
Durability5% weightA71HigherB64

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 TSLZ 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 TSLZ 14th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 1AAAPDDirexion Daily AAPL Bear 1X ETFScore 84
  2. Rank 1ATSDDGraniteShares 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 12ANVDGraniteShares 2x Short NVDA Daily ETFScore 70
  7. Rank 14BTSLZT-REX 2X Inverse Tesla Daily Target ETFScore 68
  8. Rank 15BNVDSTradr 1.5X Short NVDA Daily ETFScore 67

Our read on each fund

ETF.net Research

AMZDADirexion Daily AMZN Bear 1X ETF

TSLZBT-REX 2X Inverse Tesla Daily Target 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.

TSLZ Shorting Tesla without a margin account. TSLZ uses swaps to aim for -2x Tesla's move each trading day, resets at the close, and is the cheaper of the two double-short Tesla funds. Built for day-scale trades, not the long haul.

Stated mandate

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

TSLZ The Fund seeks daily investment results equal to -200% of the daily performance of Tesla, Inc., before fees and expenses. It is intended as a short-term trading vehicle and is not designed to track Tesla over periods longer than one 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.
  • TSLZ At 1.05%, it's the cheaper of the two double-short Tesla ETFs (TSDD charges 1.13%) and sits below the typical fee in the leveraged single-stock bear group.
  • Total return swaps with major financial institutions do the work, so the -2x Tesla exposure arrives in a plain brokerage account: no share borrow, no locate.sec.gov
  • Actively traded, and it has tracked its stated -2x daily target closely, one of the stronger implementations among leveraged single-stock bear funds.

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.
  • TSLZ Daily reset: the -2x target applies to one session. Hold longer and compounding pushes the result away from -2x Tesla's move over that stretch.
  • Twice the daily move in both directions. For less octane, Direxion's TSLS targets -1x on Tesla at 0.95%.
  • The prospectus calls it a short-term trading vehicle, and swap exposure means counterparty risk rather than borrowed shares.sec.gov

Full AMZD profile⁠

Full TSLZ profile⁠

AMZD vs TSLZ Holdings

How AMZD and TSLZ differ

Overlap by weight

0.0%

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

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

Level by level

  • Asset classLeveraged/Inverse, Stocks0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for AMZD and TSLZ.

Country, concentration and asset class

Country by domicile

No country split for AMZD and TSLZ.

Concentration

Weight in the 10 largest Holdings

  • AMZD1594.7%
  • TSLZ158.4%

Securities held

  • AMZD0
  • TSLZ1

Asset class

AMZD
Leveraged/Inverse
TSLZ
Stocks

Holdings

  • Only in AMZD0
  • In both0
  • Only in TSLZ1

Only in AMZD

0 securities, 0.0% of AMZD by weight

Only in TSLZ

1 security, 71.7% of TSLZ by weight

  • Recv Tslz Trs Tsla Eq71.73%

Weight gaps

AMZD and TSLZ share no securities.

All 7 AMZD holdings⁠All 7 TSLZ 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 TSLZ Cost

Overpaying TSLZ vs AMZD

$483

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

  • AMZD 1.02%

    $19,012

  • TSLZ 1.05%

    $19,495

$10,000
30 years

Cost over time

  • AMZD 1.02%
  • TSLZ 1.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TSLZ $19,495AMZD $19,012

Year by year

YearAMZDTSLZOverpaying
10$1,797$1,847$50
20$6,746$6,927$181
30$19,012$19,495$483

Expense ratio

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

AMZD 12th cheapest of 43 funds

TSLZ 20th cheapest of 43 funds

AMZD vs TSLZ Dividends

Last 12 months to Nov 6, 2026
Yield (12M)
AMZD 2.87%, better
TSLZ 0.73%
Payout (12M)
AMZD $0.24
TSLZ $0.08
Last payment
AMZD $0.05
TSLZ $0.08
Ex-dividend
AMZD Sep 22, 2026
TSLZ Dec 24, 2025
Paid on
AMZD Sep 29, 2026
TSLZ Dec 26, 2025
Frequency
AMZD Quarterly
TSLZ 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$5020232026YTD
TSLZAnnual · 3 paymentsAll TSLZ payments⁠
One bar per payment. 3 payments from 2022 to 2026 YTD. Dec 26, 2023 $55.18; Dec 24, 2024 $1.04; Dec 24, 2025 $0.08. Use the arrow keys to read each point.$0$5020232026YTD

AMZD vs TSLZ 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%, betterTSLZ 103.6%
Return per unit of riskSharpe ratio, 3 years
AMZD −0.86, betterTSLZ −0.87
Worst fallMax drawdown, 5 years
AMZD −74.7%since Sep 2022TSLZ −99.2%since Oct 2023
Market sensitivityBeta, 5 years
AMZD −1.36TSLZ −2.32

AMZD and TSLZ in the news

All news⁠

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