AMZD vs. AMZW

Last updated Jun 3, 2026

AMZD (Direxion Daily AMZN Bear 1X Shares) and AMZW (Roundhill AMZN WeeklyPay ETF) are both exchange-traded funds - AMZD is a Inverse Equities fund tracking the Amazon.com, Inc. (-100%), while AMZW is a Derivative Income fund actively managed by Roundhill. AMZD is passively managed, while AMZW is actively managed. At a correlation of -0.99, they often move in opposite directions. AMZD charges 1.09%/yr vs 0.99%/yr for AMZW.

Performance

AMZD vs. AMZW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMZN Bear 1X Shares (AMZD) and Roundhill AMZN WeeklyPay ETF (AMZW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZD achieves a -11.09% return, which is significantly lower than AMZW's 10.99% return.

AMZD

• 1D: 1.89%
• 1M: 4.58%
• YTD: -11.09%
• 6M: -9.52%
• 1Y: -21.40%
• 3Y*: -23.29%
• 5Y*: —
• 10Y*: —

AMZW

• 1D: -2.47%
• 1M: -5.70%
• YTD: 10.99%
• 6M: 8.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMZD vs. AMZW - Yearly Performance Comparison

	2026 (YTD)	2025
AMZD Direxion Daily AMZN Bear 1X Shares	-11.09%	-9.18%
AMZW Roundhill AMZN WeeklyPay ETF	10.99%	7.33%

Correlation

The correlation between AMZD and AMZW is -0.99, 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 (All Time) Calculated using the full available price history since Jun 20, 2025	-0.99

Return for Risk

AMZD vs. AMZW — Risk / Return Rank

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

AMZD

AMZD Risk / Return Rank: 2
AMZD Sharpe Ratio Rank: 3
AMZD Sortino Ratio Rank: 3
AMZD Omega Ratio Rank: 3
AMZD Calmar Ratio Rank: 2
AMZD Martin Ratio Rank: 1

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.

AMZD vs. AMZW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) and Roundhill AMZN WeeklyPay ETF (AMZW). 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.

	AMZD	AMZW	Difference
Sharpe ratio Return per unit of total volatility	-0.71	—	—
Sortino ratio Return per unit of downside risk	-0.89	—	—
Omega ratio Gain probability vs. loss probability	0.89	—	—
Calmar ratio Return relative to maximum drawdown	-0.79	—	—
Martin ratio Return relative to average drawdown	-1.69	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AMZD	AMZW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.61	0.55	-1.16

Drawdowns

AMZD vs. AMZW - Drawdown Comparison

The maximum AMZD drawdown since its inception was -73.05%, which is greater than AMZW's maximum drawdown of -26.79%. Use the drawdown chart below to compare losses from any high point for AMZD and AMZW.

Drawdown Indicators

	AMZD	AMZW	Difference
Max Drawdown Largest peak-to-trough decline	-73.05%	-26.79%	-46.26%
Max Drawdown (1Y) Largest decline over 1 year	-28.27%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-59.20%	—	—
Current Drawdown Current decline from peak	-71.07%	-8.60%	-62.47%
Average Drawdown Average peak-to-trough decline	-49.08%	-8.88%	-40.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.17%	—	—

Volatility

Volatility by Period

	AMZD	AMZW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.05%	36.92%	-6.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.40%	36.92%	-3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.40%	36.92%	-3.52%

AMZD vs. AMZW - Expense Ratio Comparison

AMZD has a 1.09% expense ratio, which is higher than AMZW's 0.99% expense ratio.

Dividends

AMZD vs. AMZW - Dividend Comparison

AMZD's dividend yield for the trailing twelve months is around 3.52%, less than AMZW's 41.70% yield.

Position	TTM	2025	2024	2023	2022
AMZD Direxion Daily AMZN Bear 1X Shares	3.52%	3.61%	5.15%	6.83%	2.45%
AMZW Roundhill AMZN WeeklyPay ETF	41.70%	25.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMZD and AMZW in my portfolio?

AMZD and AMZW have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMZD or AMZW?

On fees, AMZW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMZD or AMZW?

AMZW is cheaper with a 0.99% expense ratio, compared with 1.09% for AMZD.

Which ETF pays a higher dividend yield, AMZD or AMZW?

AMZW has the higher dividend yield at 41.70%, compared with 3.52% for AMZD.

What is the main difference between AMZD and AMZW?

AMZD is categorized as Inverse Equities, while AMZW is Derivative Income. They also come from different issuers: Direxion and Roundhill. Their fees differ too: 1.09% for AMZD and 0.99% for AMZW.