AMDD vs. AMUU

Last updated Aug 4, 2026

AMDD (Direxion Daily AMD Bear 1X Shares) and AMUU (Direxion Daily AMD Bull 2X Shares) are both exchange-traded funds - AMDD is a Inverse Equities fund actively managed by Direxion, while AMUU is a Leveraged Equities fund actively managed by Direxion. Both are actively managed. Over the past year, AMDD returned -77.50% vs 341.42% for AMUU. Their -1.00 correlation means they have often moved in opposite directions in the past. Both charge a 0.97% expense ratio.

Performance

AMDD vs. AMUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMD Bear 1X Shares (AMDD) and Direxion Daily AMD Bull 2X Shares (AMUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDD achieves a -67.52% return, which is significantly lower than AMUU's 246.53% return.

AMDD

• 1D: -1.64%
• 1M: 1.07%
• 6M: -61.99%
• YTD: -67.52%
• 1Y: -77.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -75.52%

AMUU

• 1D: 2.97%
• 1M: -18.43%
• 6M: 170.23%
• YTD: 246.53%
• 1Y: 341.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 338.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMDD Direxion Daily AMD Bear 1X Shares	$19.29M	$38.66M	$56.16M
AMUU Direxion Daily AMD Bull 2X Shares	$20.32M	$21.75M	$27.81M

AMDD vs. AMUU - Yearly Performance Comparison

	2026 (YTD)	2025
AMDD Direxion Daily AMD Bear 1X Shares	-67.52%	-61.12%
AMUU Direxion Daily AMD Bull 2X Shares	246.53%	153.20%

Correlation

The correlation between AMDD and AMUU is -1.00, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-1.00
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	-1.00

The correlation between AMDD and AMUU has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.

Return for Risk

AMDD vs. AMUU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMDD

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

AMUU

AMUU Risk / Return Rank: 87
AMUU Sharpe Ratio Rank: 91
AMUU Sortino Ratio Rank: 86
AMUU Omega Ratio Rank: 82
AMUU Calmar Ratio Rank: 96
AMUU Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMDD vs. AMUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bear 1X Shares (AMDD) and Direxion Daily AMD Bull 2X Shares (AMUU). 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	AMUU	Difference
Sharpe ratio: Return per unit of total volatility	-1.09	2.42	-3.50
Sortino ratio: Return per unit of downside risk	-2.11	2.96	-5.06
Omega ratio: Gain probability vs. loss probability	0.74	1.37	-0.63
Calmar ratio: Return relative to maximum drawdown	-0.94	6.11	-7.05
Martin ratio: Return relative to average drawdown	-1.52	11.49	-13.00

AMDD vs. AMUU - Sharpe Ratio Comparison

The current AMDD Sharpe Ratio is -1.09, which is lower than the AMUU Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of AMDD and AMUU, 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. AMUU - Drawdown Comparison

The maximum AMDD drawdown since its inception was -91.84%, which is greater than AMUU's maximum drawdown of -56.47%. Use the drawdown chart below to compare losses from any high point for AMDD and AMUU.

Drawdown Indicators

	AMDD	AMUU	Difference
Max Drawdown Largest peak-to-trough decline	-91.84%	-56.47%	-35.37%
Max Drawdown (1Y) Largest decline over 1 year	-82.18%	-56.31%	-25.87%
Current Drawdown Current decline from peak	-90.79%	-35.02%	-55.77%
Average Drawdown Average peak-to-trough decline	-59.97%	-22.32%	-37.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.11%	29.89%	+21.22%

Volatility

AMDD vs. AMUU - Volatility Comparison

The current volatility for Direxion Daily AMD Bear 1X Shares (AMDD) is 25.42%, while Direxion Daily AMD Bull 2X Shares (AMUU) has a volatility of 48.01%. This indicates that AMDD experiences smaller price fluctuations and is considered to be less risky than AMUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDD	AMUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.42%	48.01%	-22.59%
Volatility (6M) Calculated over the trailing 6-month period	57.49%	111.35%	-53.86%
Volatility (1Y) Calculated over the trailing 1-year period	71.65%	142.53%	-70.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.16%	135.84%	-67.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.16%	135.84%	-67.68%

AMDD vs. AMUU - Expense Ratio Comparison

Both AMDD and AMUU have an expense ratio of 0.97%.

Dividends

AMDD vs. AMUU - Dividend Comparison

AMDD's dividend yield for the trailing twelve months is around 13.33%, more than AMUU's 4.34% yield.

Position	TTM	2025
AMDD Direxion Daily AMD Bear 1X Shares	13.33%	5.51%
AMUU Direxion Daily AMD Bull 2X Shares	4.34%	13.58%

Frequently Asked Questions

Can I hold both AMDD and AMUU in my portfolio?

AMDD and AMUU have a correlation of -1.00, 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 AMUU?

AMUU has higher volatility (48.01%) compared to AMDD (25.42%). In terms of maximum drawdown, AMDD dropped -91.84% vs AMUU's -56.47%.

Which ETF is better, AMDD or AMUU?

On 1-year performance, AMUU leads with 341.42% vs -77.50% for AMDD. Both ETFs have the same 0.97% expense ratio. On volatility, AMDD has been the lower-risk option at 25.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDD or AMUU?

Over the 1-year period, AMUU has performed better with a 341.42% return vs -77.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDD or AMUU?

AMDD and AMUU have the same expense ratio: 0.97% per year.

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

AMDD has the higher dividend yield at 13.33%, compared with 4.34% for AMUU.

What is the main difference between AMDD and AMUU?

AMDD is categorized as Inverse Equities, while AMUU is Leveraged Equities.

Which has better risk-adjusted returns?

AMUU currently has the higher Sharpe Ratio (2.42 vs -1.09), 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.