AMDD vs. SPXS
Compare and contrast key facts about Direxion Daily AMD Bear 1X Shares (AMDD) and Direxion Daily S&P 500 Bear 3X Shares (SPXS).
AMDD and SPXS 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. SPXS is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (-300%). It was launched on Nov 5, 2008.
Performance
AMDD vs. SPXS - Performance Comparison
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AMDD vs. SPXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | -3.59% | -60.76% |
SPXS Direxion Daily S&P 500 Bear 3X Shares | 15.24% | -36.69% |
Returns By Period
In the year-to-date period, AMDD achieves a -3.59% return, which is significantly lower than SPXS's 15.24% return.
AMDD
- 1D
- -3.76%
- 1M
- -3.68%
- YTD
- -3.59%
- 6M
- -36.12%
- 1Y
- -64.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXS
- 1D
- -8.58%
- 1M
- 16.13%
- YTD
- 15.24%
- 6M
- 8.20%
- 1Y
- -41.31%
- 3Y*
- -36.25%
- 5Y*
- -31.30%
- 10Y*
- -39.79%
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AMDD vs. SPXS - Expense Ratio Comparison
AMDD has a 0.97% expense ratio, which is lower than SPXS's 1.08% expense ratio.
Return for Risk
AMDD vs. SPXS — Risk / Return Rank
AMDD
SPXS
AMDD vs. SPXS - 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 S&P 500 Bear 3X Shares (SPXS). 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 | SPXS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.00 | -0.76 | -0.24 |
Sortino ratioReturn per unit of downside risk | -1.58 | -0.93 | -0.65 |
Omega ratioGain probability vs. loss probability | 0.78 | 0.87 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.65 | -0.19 |
Martin ratioReturn relative to average drawdown | -1.06 | -0.76 | -0.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMDD | SPXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | -0.76 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.62 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.92 | -0.81 | -0.11 |
Correlation
The correlation between AMDD and SPXS is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AMDD vs. SPXS - Dividend Comparison
AMDD's dividend yield for the trailing twelve months is around 6.09%, more than SPXS's 3.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | 6.09% | 5.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXS Direxion Daily S&P 500 Bear 3X Shares | 3.17% | 4.93% | 6.18% | 5.66% | 0.00% | 0.00% | 0.51% | 1.74% | 0.58% |
Drawdowns
AMDD vs. SPXS - Drawdown Comparison
The maximum AMDD drawdown since its inception was -76.91%, smaller than the maximum SPXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for AMDD and SPXS.
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Drawdown Indicators
| AMDD | SPXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.91% | -100.00% | +23.09% |
Max Drawdown (1Y)Largest decline over 1 year | -76.91% | -65.10% | -11.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -87.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.52% | — |
Current DrawdownCurrent decline from peak | -72.66% | -100.00% | +27.34% |
Average DrawdownAverage peak-to-trough decline | -51.91% | -96.27% | +44.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.68% | 55.70% | +4.98% |
Volatility
AMDD vs. SPXS - Volatility Comparison
Direxion Daily AMD Bear 1X Shares (AMDD) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) have volatilities of 16.57% and 16.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMDD | SPXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.57% | 16.04% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 51.38% | 28.28% | +23.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.81% | 54.62% | +10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.86% | 50.42% | +12.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.86% | 53.50% | +9.36% |