AMDD vs. SOXX
AMDD (Direxion Daily AMD Bear 1X Shares) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - AMDD is a Inverse Equities fund actively managed by Direxion, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. AMDD is actively managed, while SOXX is passively managed. Over the past year, AMDD returned -83.39% vs 167.63% for SOXX. At a correlation of -0.77, they often move in opposite directions. AMDD charges 0.97%/yr vs 0.34%/yr for SOXX.
Performance
AMDD vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, AMDD achieves a -67.76% return, which is significantly lower than SOXX's 100.58% return.
AMDD
- 1D
- 5.47%
- 1M
- -14.63%
- YTD
- -67.76%
- 6M
- -67.57%
- 1Y
- -83.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXX
- 1D
- -7.88%
- 1M
- 12.35%
- YTD
- 100.58%
- 6M
- 98.07%
- 1Y
- 167.63%
- 3Y*
- 56.18%
- 5Y*
- 33.69%
- 10Y*
- 36.08%
AMDD vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | -67.76% | -61.12% |
SOXX iShares Semiconductor ETF | 100.58% | 37.92% |
Correlation
The correlation between AMDD and SOXX is -0.75, 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 | -0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025 | -0.77 |
The correlation between AMDD and SOXX has been stable across timeframes, ranging from -0.77 to -0.75 - a consistent structural relationship.
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Return for Risk
AMDD vs. SOXX — Risk / Return Rank
AMDD
SOXX
AMDD vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bear 1X Shares (AMDD) and iShares Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.52 | ||
| Sortino ratioReturn per unit of downside risk | -6.92 | ||
| Omega ratioGain probability vs. loss probability | 0.65 | 1.60 | -0.94 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 10.70 | -11.70 |
| Martin ratioReturn relative to average drawdown | -1.69 | 38.46 | -40.15 |
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Drawdowns
AMDD vs. SOXX - Drawdown Comparison
The maximum AMDD drawdown since its inception was -91.33%, which is greater than SOXX's maximum drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for AMDD and SOXX.
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Drawdown Indicators
| AMDD | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.33% | -70.21% | -21.12% |
Max Drawdown (1Y)Largest decline over 1 year | -83.49% | -15.77% | -67.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.75% | — |
Current DrawdownCurrent decline from peak | -90.86% | -7.88% | -82.98% |
Average DrawdownAverage peak-to-trough decline | -57.41% | -19.94% | -37.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.15% | 4.38% | +46.77% |
Volatility
AMDD vs. SOXX - Volatility Comparison
Direxion Daily AMD Bear 1X Shares (AMDD) has a higher volatility of 24.12% compared to iShares Semiconductor ETF (SOXX) at 22.75%. This indicates that AMDD's price experiences larger fluctuations and is considered to be riskier than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMDD | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.12% | 22.75% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 52.50% | 33.44% | +19.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.47% | 39.42% | +28.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.86% | 37.21% | +29.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.86% | 34.00% | +32.86% |
AMDD vs. SOXX - Expense Ratio Comparison
AMDD has a 0.97% expense ratio, which is higher than SOXX's 0.34% expense ratio.
Dividends
AMDD vs. SOXX - Dividend Comparison
AMDD's dividend yield for the trailing twelve months is around 19.20%, more than SOXX's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | 19.20% | 5.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares Semiconductor ETF | 0.24% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
AMDD and SOXX have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDD has higher volatility (24.12%) compared to SOXX (22.75%). In terms of maximum drawdown, AMDD dropped -91.33% vs SOXX's -70.21%.
On 1-year performance, SOXX leads with 167.63% vs -83.39% for AMDD. On fees, SOXX is cheaper at 0.34% per year. On volatility, SOXX has been the lower-risk option at 22.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SOXX has performed better with a 167.63% return vs -83.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXX is cheaper with a 0.34% expense ratio, compared with 0.97% for AMDD.
AMDD has the higher dividend yield at 19.20%, compared with 0.24% for SOXX.
AMDD is categorized as Inverse Equities, while SOXX is Semiconductors. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.97% for AMDD and 0.34% for SOXX.
SOXX currently has the higher Sharpe Ratio (4.28 vs -1.24), 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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