AMDD vs. MSFD

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily AMD Bear 1X Shares (AMDD) and Direxion Daily MSFT Bear 1X Shares (MSFD).

AMDD and MSFD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMDD is an actively managed fund by Direxion. It was launched on Feb 12, 2025. MSFD is a passively managed fund by Direxion that tracks the performance of the Microsoft Corporation (-100%). It was launched on Sep 6, 2022.

Performance

AMDD vs. MSFD - 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 MSFT Bear 1X Shares (MSFD). The values are adjusted to include any dividend payments, if applicable.

AMDD vs. MSFD - Yearly Performance Comparison

	2026 (YTD)	2025
AMDD Direxion Daily AMD Bear 1X Shares	-3.59%	-60.76%
MSFD Direxion Daily MSFT Bear 1X Shares	28.73%	-15.76%

Returns By Period

In the year-to-date period, AMDD achieves a -3.59% return, which is significantly lower than MSFD's 28.73% return.

AMDD

• 1D: -3.76%
• 1M: -3.68%
• YTD: -3.59%
• 6M: -36.12%
• 1Y: -64.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSFD

• 1D: -3.15%
• 1M: 6.11%
• YTD: 28.73%
• 6M: 38.42%
• 1Y: -0.32%
• 3Y*: -7.18%
• 5Y*: —
• 10Y*: —

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

AMDD vs. MSFD - Expense Ratio Comparison

AMDD has a 0.97% expense ratio, which is lower than MSFD's 1.06% expense ratio.

MSFD

Direxion Daily MSFT Bear 1X Shares

AMDD

Direxion Daily AMD Bear 1X Shares

Return for Risk

AMDD vs. MSFD — Risk / Return Rank

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

AMDD

AMDD Risk / Return Rank: 1
AMDD Sharpe Ratio Rank: 0
AMDD Sortino Ratio Rank: 1
AMDD Omega Ratio Rank: 0
AMDD Calmar Ratio Rank: 1
AMDD Martin Ratio Rank: 3

MSFD

MSFD Risk / Return Rank: 12
MSFD Sharpe Ratio Rank: 11
MSFD Sortino Ratio Rank: 12
MSFD Omega Ratio Rank: 12
MSFD Calmar Ratio Rank: 12
MSFD Martin Ratio Rank: 12

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. MSFD - 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 MSFT Bear 1X Shares (MSFD). 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.

	AMDD	MSFD	Difference
Sharpe ratio Return per unit of total volatility	-1.00	-0.01	-0.99
Sortino ratio Return per unit of downside risk	-1.58	0.17	-1.75
Omega ratio Gain probability vs. loss probability	0.78	1.02	-0.24
Calmar ratio Return relative to maximum drawdown	-0.84	0.02	-0.86
Martin ratio Return relative to average drawdown	-1.06	0.03	-1.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMDD vs. MSFD - Sharpe Ratio Comparison

The current AMDD Sharpe Ratio is -1.00, which is lower than the MSFD Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of AMDD and MSFD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMDD	MSFD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.00	-0.01	-0.99
Sharpe Ratio (All Time) Calculated using the full available price history	-0.92	-0.39	-0.53

Correlation

The correlation between AMDD and MSFD is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AMDD vs. MSFD - Dividend Comparison

AMDD's dividend yield for the trailing twelve months is around 6.09%, more than MSFD's 2.43% yield.

	TTM	2025	2024	2023	2022
AMDD Direxion Daily AMD Bear 1X Shares	6.09%	5.51%	0.00%	0.00%	0.00%
MSFD Direxion Daily MSFT Bear 1X Shares	2.43%	3.33%	4.46%	4.43%	0.74%

Drawdowns

AMDD vs. MSFD - Drawdown Comparison

The maximum AMDD drawdown since its inception was -76.91%, which is greater than MSFD's maximum drawdown of -59.90%. Use the drawdown chart below to compare losses from any high point for AMDD and MSFD.

Drawdown Indicators

	AMDD	MSFD	Difference
Max Drawdown Largest peak-to-trough decline	-76.91%	-59.90%	-17.01%
Max Drawdown (1Y) Largest decline over 1 year	-76.91%	-34.84%	-42.07%
Current Drawdown Current decline from peak	-72.66%	-41.94%	-30.72%
Average Drawdown Average peak-to-trough decline	-51.91%	-41.28%	-10.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	60.68%	25.22%	+35.46%

Volatility

AMDD vs. MSFD - Volatility Comparison

Direxion Daily AMD Bear 1X Shares (AMDD) has a higher volatility of 16.57% compared to Direxion Daily MSFT Bear 1X Shares (MSFD) at 6.60%. This indicates that AMDD's price experiences larger fluctuations and is considered to be riskier than MSFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDD	MSFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.57%	6.60%	+9.97%
Volatility (6M) Calculated over the trailing 6-month period	51.38%	18.84%	+32.54%
Volatility (1Y) Calculated over the trailing 1-year period	64.81%	26.78%	+38.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.86%	25.77%	+37.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.86%	25.77%	+37.09%