AMUU vs. AMDD

Last updated Jul 12, 2026

AMUU (Direxion Daily AMD Bull 2X Shares) and AMDD (Direxion Daily AMD Bear 1X Shares) are both exchange-traded funds - AMUU is a Leveraged Equities fund actively managed by Direxion, while AMDD is a Inverse Equities fund actively managed by Direxion. Both are actively managed. Over the past year, AMUU returned 733.19% vs -82.80% for AMDD. At a correlation of -1.00, they often move in opposite directions. Both charge a 0.97% expense ratio.

Performance

AMUU vs. AMDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMD Bull 2X Shares (AMUU) and Direxion Daily AMD Bear 1X Shares (AMDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMUU achieves a 383.73% return, which is significantly higher than AMDD's -70.69% return.

AMUU

• 1D: 4.02%
• 1M: 13.14%
• 6M: 441.35%
• YTD: 383.73%
• 1Y: 733.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDD

• 1D: -2.53%
• 1M: -11.99%
• 6M: -72.14%
• YTD: -70.69%
• 1Y: -82.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMUU vs. AMDD - Yearly Performance Comparison

	2026 (YTD)	2025
AMUU Direxion Daily AMD Bull 2X Shares	383.73%	153.20%
AMDD Direxion Daily AMD Bear 1X Shares	-70.69%	-61.12%

Correlation

The correlation between AMUU and AMDD is -1.00, 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	-1.00
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	-1.00

The correlation between AMUU and AMDD has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.

Return for Risk

AMUU vs. AMDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMUU

AMUU Risk / Return Rank: 96
AMUU Sharpe Ratio Rank: 99
AMUU Sortino Ratio Rank: 94
AMUU Omega Ratio Rank: 93
AMUU Calmar Ratio Rank: 98
AMUU Martin Ratio Rank: 96

AMDD

AMDD Risk / Return Rank: 0
AMDD Sharpe Ratio Rank: 0
AMDD Sortino Ratio Rank: 0
AMDD Omega Ratio Rank: 0
AMDD Calmar Ratio Rank: 0
AMDD Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMUU vs. AMDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bull 2X Shares (AMUU) and Direxion Daily AMD Bear 1X Shares (AMDD). 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.

	AMUU	AMDD	Difference
Sharpe ratio: Return per unit of total volatility	5.61	-1.21	+6.82
Sortino ratio: Return per unit of downside risk	3.89	-2.69	+6.58
Omega ratio: Gain probability vs. loss probability	1.50	0.67	+0.84
Calmar ratio: Return relative to maximum drawdown	13.62	-1.00	+14.62
Martin ratio: Return relative to average drawdown	26.34	-1.68	+28.03

AMUU vs. AMDD - Sharpe Ratio Comparison

The current AMUU Sharpe Ratio is 5.61, which is higher than the AMDD Sharpe Ratio of -1.21. The chart below compares the historical Sharpe Ratios of AMUU and AMDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMUU vs. AMDD - Drawdown Comparison

The maximum AMUU drawdown since its inception was -56.47%, smaller than the maximum AMDD drawdown of -91.84%. Use the drawdown chart below to compare losses from any high point for AMUU and AMDD.

Drawdown Indicators

	AMUU	AMDD	Difference
Max Drawdown Largest peak-to-trough decline	-56.47%	-91.84%	+35.37%
Max Drawdown (1Y) Largest decline over 1 year	-56.31%	-83.15%	+26.84%
Current Drawdown Current decline from peak	-9.29%	-91.69%	+82.40%
Average Drawdown Average peak-to-trough decline	-22.13%	-58.56%	+36.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.05%	49.81%	-20.76%

Volatility

AMUU vs. AMDD - Volatility Comparison

Direxion Daily AMD Bull 2X Shares (AMUU) has a higher volatility of 46.47% compared to Direxion Daily AMD Bear 1X Shares (AMDD) at 23.73%. This indicates that AMUU's price experiences larger fluctuations and is considered to be riskier than AMDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMUU	AMDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.47%	23.73%	+22.74%
Volatility (6M) Calculated over the trailing 6-month period	105.74%	54.40%	+51.34%
Volatility (1Y) Calculated over the trailing 1-year period	136.96%	68.84%	+68.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	133.91%	67.19%	+66.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.91%	67.19%	+66.72%

AMUU vs. AMDD - Expense Ratio Comparison

Both AMUU and AMDD have an expense ratio of 0.97%.

Dividends

AMUU vs. AMDD - Dividend Comparison

AMUU's dividend yield for the trailing twelve months is around 3.11%, less than AMDD's 14.77% yield.

Position	TTM	2025
AMDD Direxion Daily AMD Bear 1X Shares	14.77%	5.51%
AMUU Direxion Daily AMD Bull 2X Shares	3.11%	13.58%

Frequently Asked Questions

Can I hold both AMUU and AMDD in my portfolio?

AMUU and AMDD have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMUU or AMDD?

AMUU has higher volatility (46.47%) compared to AMDD (23.73%). In terms of maximum drawdown, AMUU dropped -56.47% vs AMDD's -91.84%.

Which ETF is better, AMUU or AMDD?

On 1-year performance, AMUU leads with 733.19% vs -82.80% for AMDD. Both ETFs have the same 0.97% expense ratio. On volatility, AMDD has been the lower-risk option at 23.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMUU or AMDD?

Over the 1-year period, AMUU has performed better with a 733.19% return vs -82.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMUU or AMDD?

AMUU and AMDD have the same expense ratio: 0.97% per year.

Which ETF pays a higher dividend yield, AMUU or AMDD?

AMDD has the higher dividend yield at 14.77%, compared with 3.11% for AMUU.

What is the main difference between AMUU and AMDD?

AMUU is categorized as Leveraged Equities, while AMDD is Inverse Equities.

Which has better risk-adjusted returns?

AMUU currently has the higher Sharpe Ratio (5.61 vs -1.21), 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.