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 -77.50% vs 98.72% for USD. Their -0.73 correlation means they have often moved in opposite directions in the past. 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 -67.52% return, which is significantly lower than USD's 55.27% return.
AMDD
- 1D
- -1.64%
- 1M
- 1.07%
- 6M
- -61.99%
- YTD
- -67.52%
- 1Y
- -77.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -75.52%
USD
- 1D
- 3.34%
- 1M
- -7.07%
- 6M
- 41.04%
- YTD
- 55.27%
- 1Y
- 98.72%
- 3Y*
- 95.45%
- 5Y*
- 54.39%
- 10Y*
- 53.94%
- ALL TIME*
- 28.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.29M | $38.66M | $56.16M | |
| $71.31M | $70.59M | $96.20M |
AMDD vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | -67.52% | -61.12% |
USD ProShares Ultra Semiconductors | 55.27% | 68.44% |
Correlation
The correlation between AMDD and USD is -0.72, 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. | -0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025 | -0.73 |
The correlation between AMDD and USD has been stable across timeframes, ranging from -0.73 to -0.72 - 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.
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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.99 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.24 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 2.52 | -3.47 |
| Martin ratioReturn relative to average drawdown | -1.52 | 7.21 | -8.73 |
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Drawdowns
AMDD vs. USD - Drawdown Comparison
The maximum AMDD drawdown since its inception was -91.84%, 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 | -91.84% | -88.63% | -3.21% |
Max Drawdown (1Y)Largest decline over 1 year | -82.18% | -39.33% | -42.85% |
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 | -90.79% | -28.27% | -62.52% |
Average DrawdownAverage peak-to-trough decline | -59.97% | -32.23% | -27.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.11% | 13.74% | +37.37% |
Volatility
AMDD vs. USD - Volatility Comparison
The current volatility for Direxion Daily AMD Bear 1X Shares (AMDD) is 25.42%, while ProShares Ultra Semiconductors (USD) has a volatility of 27.45%. This indicates that AMDD experiences smaller price fluctuations and is considered to be less risky 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 | 25.42% | 27.45% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 57.49% | 61.08% | -3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.65% | 73.76% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.16% | 78.77% | -10.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.16% | 70.41% | -2.25% |
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 13.33%, more than USD's 0.37% 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% |
USD ProShares Ultra Semiconductors | 0.37% | 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 -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (27.45%) compared to AMDD (25.42%). In terms of maximum drawdown, AMDD dropped -91.84% vs USD's -88.63%.
On 1-year performance, USD leads with 98.72% vs -77.50% for AMDD. On fees, USD is cheaper at 0.95% per year. On volatility, AMDD has been the lower-risk option at 25.42%. 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 98.72% return vs -77.50%. 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 13.33%, compared with 0.37% 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 (1.35 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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