AMDD vs. AMDY

Last updated Jul 15, 2026

AMDD (Direxion Daily AMD Bear 1X Shares) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - AMDD is a Inverse Equities fund actively managed by Direxion, while AMDY is a Derivative Income fund actively managed by YieldMax ETFs. Both are actively managed. Over the past year, AMDD returned -82.48% vs 195.62% for AMDY. At a correlation of -0.99, they often move in opposite directions. AMDD charges 0.97%/yr vs 1.23%/yr for AMDY.

Performance

AMDD vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMD Bear 1X Shares (AMDD) and YieldMax AMD Option Income Strategy ETF (AMDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDD achieves a -70.09% return, which is significantly lower than AMDY's 113.61% return.

AMDD

• 1D: -2.65%
• 1M: -10.20%
• 6M: -68.90%
• YTD: -70.09%
• 1Y: -82.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDY

• 1D: 2.15%
• 1M: 7.84%
• 6M: 110.70%
• YTD: 113.61%
• 1Y: 195.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMDD vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025
AMDD Direxion Daily AMD Bear 1X Shares	-70.09%	-61.12%
AMDY YieldMax AMD Option Income Strategy ETF	113.61%	64.73%

Correlation

The correlation between AMDD and AMDY is -0.99, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.99
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	-0.99

The correlation between AMDD and AMDY has been stable across timeframes, ranging from -0.99 to -0.99 - a consistent structural relationship.

Return for Risk

AMDD vs. AMDY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMDD

AMDD Risk / Return Rank: 0
AMDD Sharpe Ratio Rank: 1
AMDD Sortino Ratio Rank: 0
AMDD Omega Ratio Rank: 0
AMDD Calmar Ratio Rank: 0
AMDD Martin Ratio Rank: 0

AMDY

AMDY Risk / Return Rank: 94
AMDY Sharpe Ratio Rank: 97
AMDY Sortino Ratio Rank: 93
AMDY Omega Ratio Rank: 93
AMDY Calmar Ratio Rank: 96
AMDY Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMDD vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bear 1X Shares (AMDD) and YieldMax AMD Option Income Strategy ETF (AMDY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMDD	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	-1.20	3.44	-4.64
Sortino ratio: Return per unit of downside risk	-2.63	3.66	-6.29
Omega ratio: Gain probability vs. loss probability	0.68	1.50	-0.82
Calmar ratio: Return relative to maximum drawdown	-1.01	7.14	-8.14
Martin ratio: Return relative to average drawdown	-1.73	15.86	-17.59

AMDD vs. AMDY - Sharpe Ratio Comparison

The current AMDD Sharpe Ratio is -1.20, which is lower than the AMDY Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of AMDD and AMDY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMDD vs. AMDY - Drawdown Comparison

The maximum AMDD drawdown since its inception was -91.84%, which is greater than AMDY's maximum drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for AMDD and AMDY.

Drawdown Indicators

	AMDD	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-91.84%	-53.92%	-37.92%
Max Drawdown (1Y) Largest decline over 1 year	-82.18%	-27.59%	-54.59%
Current Drawdown Current decline from peak	-91.52%	-4.06%	-87.46%
Average Drawdown Average peak-to-trough decline	-58.75%	-17.51%	-41.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.82%	12.39%	+37.43%

Volatility

AMDD vs. AMDY - Volatility Comparison

Direxion Daily AMD Bear 1X Shares (AMDD) has a higher volatility of 22.39% compared to YieldMax AMD Option Income Strategy ETF (AMDY) at 18.22%. This indicates that AMDD's price experiences larger fluctuations and is considered to be riskier than AMDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDD	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.39%	18.22%	+4.17%
Volatility (6M) Calculated over the trailing 6-month period	54.57%	45.07%	+9.50%
Volatility (1Y) Calculated over the trailing 1-year period	68.99%	57.26%	+11.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.17%	47.15%	+20.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.17%	47.15%	+20.02%

AMDD vs. AMDY - Expense Ratio Comparison

AMDD has a 0.97% expense ratio, which is lower than AMDY's 1.23% expense ratio.

Dividends

AMDD vs. AMDY - Dividend Comparison

AMDD's dividend yield for the trailing twelve months is around 14.47%, less than AMDY's 65.56% yield.

Position	TTM	2025	2024	2023
AMDD Direxion Daily AMD Bear 1X Shares	14.47%	5.51%	0.00%	0.00%
AMDY YieldMax AMD Option Income Strategy ETF	65.56%	80.68%	109.98%	6.68%

Frequently Asked Questions

Can I hold both AMDD and AMDY in my portfolio?

AMDD and AMDY have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMDD or AMDY?

AMDD has higher volatility (22.39%) compared to AMDY (18.22%). In terms of maximum drawdown, AMDD dropped -91.84% vs AMDY's -53.92%.

Which ETF is better, AMDD or AMDY?

On 1-year performance, AMDY leads with 195.62% vs -82.48% for AMDD. On fees, AMDD is cheaper at 0.97% per year. On volatility, AMDY has been the lower-risk option at 18.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDD or AMDY?

Over the 1-year period, AMDY has performed better with a 195.62% return vs -82.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDD or AMDY?

AMDD is cheaper with a 0.97% expense ratio, compared with 1.23% for AMDY.

Which ETF pays a higher dividend yield, AMDD or AMDY?

AMDY has the higher dividend yield at 65.56%, compared with 14.47% for AMDD.

What is the main difference between AMDD and AMDY?

AMDD is categorized as Inverse Equities, while AMDY is Derivative Income. They also come from different issuers: Direxion and YieldMax ETFs. Their fees differ too: 0.97% for AMDD and 1.23% for AMDY.

Which has better risk-adjusted returns?

AMDY currently has the higher Sharpe Ratio (3.44 vs -1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.