AMZD vs. AMZN
AMZD (Direxion Daily AMZN Bear 1X Shares) is Inverse Equities fund tracking the Amazon.com, Inc. (-100%), while AMZN (Amazon.com, Inc) is a stock. Over the past 3 years, AMZD returned -24.09%/yr vs 27.29%/yr for AMZN. Their -1.00 correlation means they have often moved in opposite directions in the past.
Performance
AMZD vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, AMZD achieves a -18.67% return, which is significantly lower than AMZN's 17.66% return.
AMZD
- 1D
- -15.20%
- 1M
- -13.01%
- 6M
- -15.74%
- YTD
- -18.67%
- 1Y
- -25.04%
- 3Y*
- -24.09%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.25%
AMZN
- 1D
- 15.32%
- 1M
- 11.91%
- 6M
- 13.49%
- YTD
- 17.66%
- 1Y
- 26.46%
- 3Y*
- 27.29%
- 5Y*
- 10.30%
- 10Y*
- 21.72%
- ALL TIME*
- 30.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $135.48M | $132.64M | $131.29M | |
AMZN Amazon.com, Inc | $13.00B | $11.21B | $12.30B |
AMZD vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | -18.67% | -9.84% | -30.80% | -46.50% | 45.25% |
AMZN Amazon.com, Inc | 17.66% | 5.21% | 44.39% | 80.88% | -33.39% |
Correlation
The correlation between AMZD and AMZN is -1.00, 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. | -1.00 |
Correlation (3Y) Balances recent behavior with more history. | -1.00 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | -1.00 |
The correlation between AMZD and AMZN has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.
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Return for Risk
AMZD vs. AMZN — Risk / Return Rank
AMZD
AMZN
AMZD vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) and Amazon.com, Inc (AMZN). 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.
| AMZD | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.11 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 0.74 | -1.39 |
| Martin ratioReturn relative to average drawdown | -1.37 | 1.58 | -2.95 |
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Drawdowns
AMZD vs. AMZN - Drawdown Comparison
The maximum AMZD drawdown since its inception was -73.54%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for AMZD and AMZN.
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Drawdown Indicators
| AMZD | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.54% | -94.40% | +20.86% |
Max Drawdown (1Y)Largest decline over 1 year | -29.56% | -21.74% | -7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -59.93% | -30.88% | -29.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -73.54% | -1.24% | -72.30% |
Average DrawdownAverage peak-to-trough decline | -49.89% | -28.11% | -21.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.01% | 10.26% | +3.75% |
Volatility
AMZD vs. AMZN - Volatility Comparison
Direxion Daily AMZN Bear 1X Shares (AMZD) has a higher volatility of 18.51% compared to Amazon.com, Inc (AMZN) at 16.52%. This indicates that AMZD's price experiences larger fluctuations and is considered to be riskier than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZD | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.51% | 16.52% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 27.88% | 26.50% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.31% | 35.20% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.25% | 36.27% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.25% | 33.00% | +1.25% |
Dividends
AMZD vs. AMZN - Dividend Comparison
AMZD's dividend yield for the trailing twelve months is around 3.81%, while AMZN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | 3.81% | 3.61% | 5.15% | 6.83% | 2.45% |
AMZN Amazon.com, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AMZD and AMZN 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.
AMZD has higher volatility (18.51%) compared to AMZN (16.52%). In terms of maximum drawdown, AMZD dropped -73.54% vs AMZN's -94.40%.
AMZN currently has the higher Sharpe Ratio (0.46 vs -0.54), 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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