AMDD vs. USD
AMDD (Direxion Daily AMD Bear 1X Shares) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - AMDD is a Inverse Equities fund actively managed by Direxion, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). AMDD is actively managed, while USD is passively managed. Over the past year, AMDD returned -85.10% vs 274.62% for USD. At a correlation of -0.68, they often move in opposite directions. AMDD charges 0.97%/yr vs 0.95%/yr for USD.
Performance
AMDD vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, AMDD achieves a -67.83% return, which is significantly lower than USD's 114.00% return.
AMDD
- 1D
- -4.47%
- 1M
- -41.37%
- YTD
- -67.83%
- 6M
- -67.43%
- 1Y
- -85.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- -1.14%
- 1M
- 44.53%
- YTD
- 114.00%
- 6M
- 111.06%
- 1Y
- 274.62%
- 3Y*
- 127.67%
- 5Y*
- 69.52%
- 10Y*
- 62.16%
AMDD vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | -67.83% | -60.76% |
USD ProShares Ultra Semiconductors | 114.00% | 70.48% |
Correlation
The correlation between AMDD and USD is -0.64, 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 | -0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025 | -0.68 |
The correlation between AMDD and USD has been stable across timeframes, ranging from -0.68 to -0.64 - a consistent structural relationship.
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Return for Risk
AMDD vs. USD — Risk / Return Rank
AMDD
USD
AMDD vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bear 1X Shares (AMDD) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.85 | ||
| Sortino ratioReturn per unit of downside risk | -6.85 | ||
| Omega ratioGain probability vs. loss probability | 0.61 | 1.51 | -0.90 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 8.70 | -9.70 |
| Martin ratioReturn relative to average drawdown | -1.62 | 25.16 | -26.78 |
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 | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.31 | 4.53 | -5.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.21 | 0.49 | -1.71 |
Drawdowns
AMDD vs. USD - Drawdown Comparison
The maximum AMDD drawdown since its inception was -90.88%, roughly equal to the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for AMDD and USD.
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Drawdown Indicators
| AMDD | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.88% | -88.63% | -2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -85.34% | -31.80% | -53.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -90.88% | -1.14% | -89.74% |
Average DrawdownAverage peak-to-trough decline | -56.26% | -32.35% | -23.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.65% | 10.97% | +41.68% |
Volatility
AMDD vs. USD - Volatility Comparison
Direxion Daily AMD Bear 1X Shares (AMDD) has a higher volatility of 27.50% compared to ProShares Ultra Semiconductors (USD) at 20.36%. This indicates that AMDD's price experiences larger fluctuations and is considered to be riskier than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMDD | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.50% | 20.36% | +7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 48.96% | 46.39% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.96% | 61.22% | +3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.71% | 76.55% | -10.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.71% | 69.23% | -3.52% |
AMDD vs. USD - Expense Ratio Comparison
AMDD has a 0.97% expense ratio, which is higher than USD's 0.95% expense ratio.
Dividends
AMDD vs. USD - Dividend Comparison
AMDD's dividend yield for the trailing twelve months is around 18.24%, more than USD's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | 18.24% | 5.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.21% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
AMDD and USD have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDD has higher volatility (27.50%) compared to USD (20.36%). In terms of maximum drawdown, AMDD dropped -90.88% vs USD's -88.63%.
On 1-year performance, USD leads with 274.62% vs -85.10% for AMDD. On fees, USD is cheaper at 0.95% per year. On volatility, USD has been the lower-risk option at 20.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USD has performed better with a 274.62% return vs -85.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USD is cheaper with a 0.95% expense ratio, compared with 0.97% for AMDD.
AMDD has the higher dividend yield at 18.24%, compared with 0.21% for USD.
AMDD is categorized as Inverse Equities, while USD is Leveraged Equities. They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.97% for AMDD and 0.95% for USD.
USD currently has the higher Sharpe Ratio (4.53 vs -1.31), 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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