AMDD vs. QQQE
AMDD (Direxion Daily AMD Bear 1X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - AMDD is a Inverse Equities fund actively managed by Direxion, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. AMDD is actively managed, while QQQE is passively managed. Over the past year, AMDD returned -77.50% vs 23.25% for QQQE. Their -0.62 correlation means they have often moved in opposite directions in the past. AMDD charges 0.97%/yr vs 0.35%/yr for QQQE.
Performance
AMDD vs. QQQE - Performance Comparison
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Returns By Period
In the year-to-date period, AMDD achieves a -67.52% return, which is significantly lower than QQQE's 16.27% return.
AMDD
- 1D
- -1.64%
- 1M
- 1.07%
- 6M
- -61.99%
- YTD
- -67.52%
- 1Y
- -77.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -75.52%
QQQE
- 1D
- 1.29%
- 1M
- -1.31%
- 6M
- 13.79%
- YTD
- 16.27%
- 1Y
- 23.25%
- 3Y*
- 15.78%
- 5Y*
- 8.28%
- 10Y*
- 14.69%
- ALL TIME*
- 14.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.29M | $38.66M | $56.16M | |
| $23.47M | $22.17M | $24.25M |
AMDD vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | -67.52% | -61.12% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 16.27% | 7.74% |
Correlation
The correlation between AMDD and QQQE is -0.60, 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. | -0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025 | -0.62 |
The correlation between AMDD and QQQE has been stable across timeframes, ranging from -0.62 to -0.60 - a consistent structural relationship.
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Return for Risk
AMDD vs. QQQE — Risk / Return Rank
AMDD
QQQE
AMDD vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bear 1X Shares (AMDD) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.25 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 2.48 | -3.43 |
| Martin ratioReturn relative to average drawdown | -1.52 | 7.91 | -9.43 |
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Drawdowns
AMDD vs. QQQE - Drawdown Comparison
The maximum AMDD drawdown since its inception was -91.84%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for AMDD and QQQE.
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Drawdown Indicators
| AMDD | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.84% | -32.14% | -59.70% |
Max Drawdown (1Y)Largest decline over 1 year | -82.18% | -9.41% | -72.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -90.79% | -3.22% | -87.57% |
Average DrawdownAverage peak-to-trough decline | -59.97% | -5.14% | -54.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.11% | 2.94% | +48.17% |
Volatility
AMDD vs. QQQE - Volatility Comparison
Direxion Daily AMD Bear 1X Shares (AMDD) has a higher volatility of 25.42% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 3.89%. This indicates that AMDD's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMDD | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.42% | 3.89% | +21.53% |
Volatility (6M)Calculated over the trailing 6-month period | 57.49% | 12.92% | +44.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.65% | 15.92% | +55.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.16% | 20.59% | +47.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.16% | 20.76% | +47.40% |
AMDD vs. QQQE - Expense Ratio Comparison
AMDD has a 0.97% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
AMDD vs. QQQE - Dividend Comparison
AMDD's dividend yield for the trailing twelve months is around 13.33%, more than QQQE's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | 13.33% | 5.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.57% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
AMDD and QQQE have a correlation of -0.60, 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 QQQE (3.89%). In terms of maximum drawdown, AMDD dropped -91.84% vs QQQE's -32.14%.
On 1-year performance, QQQE leads with 23.25% vs -77.50% for AMDD. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQE has performed better with a 23.25% return vs -77.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 0.97% for AMDD.
AMDD has the higher dividend yield at 13.33%, compared with 0.57% for QQQE.
AMDD is categorized as Inverse Equities, while QQQE is Nasdaq-100. Their fees differ too: 0.97% for AMDD and 0.35% for QQQE.
QQQE currently has the higher Sharpe Ratio (1.47 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.
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