AMDD vs. QQQD
AMDD (Direxion Daily AMD Bear 1X Shares) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds from Direxion. AMDD is actively managed, while QQQD is passively managed. Over the past year, AMDD returned -77.50% vs -17.22% for QQQD. Their 0.51 correlation means they have sometimes moved together and sometimes differently. AMDD charges 0.97%/yr vs 0.57%/yr for QQQD.
Performance
AMDD vs. QQQD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AMDD achieves a -67.52% return, which is significantly lower than QQQD's -3.21% return.
AMDD
- 1D
- -1.64%
- 1M
- 1.07%
- 6M
- -61.99%
- YTD
- -67.52%
- 1Y
- -77.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -75.52%
QQQD
- 1D
- -3.65%
- 1M
- -5.05%
- 6M
- -3.32%
- YTD
- -3.21%
- 1Y
- -17.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.29M | $38.66M | $56.16M | |
| $1.19M | $1.24M | $1.71M |
AMDD vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | -67.52% | -61.12% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -3.21% | -20.62% |
Correlation
The correlation between AMDD and QQQD is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025 | 0.51 |
The correlation between AMDD and QQQD has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AMDD vs. QQQD — Risk / Return Rank
AMDD
QQQD
AMDD vs. QQQD - 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 Magnificent 7 Bear 1X Shares (QQQD). 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 | QQQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 0.89 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.79 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.52 | -1.37 | -0.14 |
Loading charts...
Drawdowns
AMDD vs. QQQD - Drawdown Comparison
The maximum AMDD drawdown since its inception was -91.84%, which is greater than QQQD's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for AMDD and QQQD.
Loading charts...
Drawdown Indicators
| AMDD | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.84% | -49.47% | -42.37% |
Max Drawdown (1Y)Largest decline over 1 year | -82.18% | -21.94% | -60.24% |
Current DrawdownCurrent decline from peak | -90.79% | -47.67% | -43.12% |
Average DrawdownAverage peak-to-trough decline | -59.97% | -31.29% | -28.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.11% | 13.25% | +37.86% |
Volatility
AMDD vs. QQQD - Volatility Comparison
Direxion Daily AMD Bear 1X Shares (AMDD) has a higher volatility of 25.42% compared to Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) at 8.82%. This indicates that AMDD's price experiences larger fluctuations and is considered to be riskier than QQQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AMDD | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.42% | 8.82% | +16.60% |
Volatility (6M)Calculated over the trailing 6-month period | 57.49% | 17.95% | +39.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.65% | 22.54% | +49.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.16% | 27.02% | +41.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.16% | 27.02% | +41.14% |
AMDD vs. QQQD - Expense Ratio Comparison
AMDD has a 0.97% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Dividends
AMDD vs. QQQD - Dividend Comparison
AMDD's dividend yield for the trailing twelve months is around 13.33%, more than QQQD's 3.18% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | 13.33% | 5.51% | 0.00% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.18% | 4.33% | 5.17% |
Frequently Asked Questions
AMDD and QQQD have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDD has higher volatility (25.42%) compared to QQQD (8.82%). In terms of maximum drawdown, AMDD dropped -91.84% vs QQQD's -49.47%.
On 1-year performance, QQQD leads with -17.22% vs -77.50% for AMDD. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 8.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQD has performed better with a -17.22% return vs -77.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQD is cheaper with a 0.57% expense ratio, compared with 0.97% for AMDD.
AMDD has the higher dividend yield at 13.33%, compared with 3.18% for QQQD.
Their fees differ too: 0.97% for AMDD and 0.57% for QQQD.
QQQD currently has the higher Sharpe Ratio (-0.77 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.
Find the right allocation for AMDD and QQQD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer