AMZD vs. AMZN
Compare and contrast key facts about Direxion Daily AMZN Bear 1X Shares (AMZD) and Amazon.com, Inc. (AMZN).
AMZD is a passively managed fund by Direxion that tracks the performance of the Amazon.com, Inc. (-100%). It was launched on Sep 6, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZD or AMZN.
Key characteristics
| AMZD | AMZN | |
|---|---|---|
| YTD Return | -18.33% | 22.74% |
| 1Y Return | -22.43% | 28.86% |
| Sharpe Ratio | -0.78 | 1.00 |
| Daily Std Dev | 28.71% | 28.78% |
| Max Drawdown | -60.01% | -94.40% |
| Current Drawdown | -57.41% | -6.75% |
Correlation
The correlation between AMZD and AMZN is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
AMZD vs. AMZN - Performance Comparison
In the year-to-date period, AMZD achieves a -18.33% return, which is significantly lower than AMZN's 22.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AMZD vs. AMZN - Risk-Adjusted Performance 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.
Dividends
AMZD vs. AMZN - Dividend Comparison
AMZD's dividend yield for the trailing twelve months is around 7.17%, while AMZN has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | 7.17% | 6.83% | 2.45% |
AMZN Amazon.com, Inc. | 0.00% | 0.00% | 0.00% |
Drawdowns
AMZD vs. AMZN - Drawdown Comparison
The maximum AMZD drawdown since its inception was -60.01%, 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. For additional features, visit the drawdowns tool.
Volatility
AMZD vs. AMZN - Volatility Comparison
Direxion Daily AMZN Bear 1X Shares (AMZD) and Amazon.com, Inc. (AMZN) have volatilities of 9.59% and 9.41%, 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.