AMZD vs. AMZY

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily AMZN Bear 1X Shares (AMZD) and YieldMax AMZN Option Income Strategy ETF (AMZY).

AMZD and AMZY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. AMZY is an actively managed fund by YieldMax. It was launched on Jul 24, 2023.

Performance

AMZD vs. AMZY - Performance Comparison

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

AMZD vs. AMZY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AMZD Direxion Daily AMZN Bear 1X Shares	9.88%	-9.84%	-30.80%	-15.46%
AMZY YieldMax AMZN Option Income Strategy ETF	-9.58%	10.39%	35.28%	18.31%

Returns By Period

In the year-to-date period, AMZD achieves a 9.88% return, which is significantly higher than AMZY's -9.58% return.

AMZD

• 1D: -3.65%
• 1M: 0.55%
• YTD: 9.88%
• 6M: 3.33%
• 1Y: -13.66%
• 3Y*: -22.80%
• 5Y*: —
• 10Y*: —

AMZY

• 1D: 2.61%
• 1M: 0.54%
• YTD: -9.58%
• 6M: -5.71%
• 1Y: 8.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMZD vs. AMZY - Expense Ratio Comparison

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

AMZD

Direxion Daily AMZN Bear 1X Shares

AMZY

YieldMax AMZN Option Income Strategy ETF

Return for Risk

AMZD vs. AMZY — Risk / Return Rank

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

AMZD

AMZD Risk / Return Rank: 6
AMZD Sharpe Ratio Rank: 5
AMZD Sortino Ratio Rank: 6
AMZD Omega Ratio Rank: 5
AMZD Calmar Ratio Rank: 6
AMZD Martin Ratio Rank: 8

AMZY

AMZY Risk / Return Rank: 22
AMZY Sharpe Ratio Rank: 22
AMZY Sortino Ratio Rank: 24
AMZY Omega Ratio Rank: 23
AMZY Calmar Ratio Rank: 21
AMZY Martin Ratio Rank: 20

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. AMZY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) and YieldMax AMZN Option Income Strategy ETF (AMZY). 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	AMZY	Difference
Sharpe ratio Return per unit of total volatility	-0.39	0.32	-0.71
Sortino ratio Return per unit of downside risk	-0.33	0.62	-0.95
Omega ratio Gain probability vs. loss probability	0.96	1.08	-0.13
Calmar ratio Return relative to maximum drawdown	-0.35	0.37	-0.73
Martin ratio Return relative to average drawdown	-0.51	0.94	-1.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMZD vs. AMZY - Sharpe Ratio Comparison

The current AMZD Sharpe Ratio is -0.39, which is lower than the AMZY Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of AMZD and AMZY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMZD	AMZY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.39	0.32	-0.71
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	0.76	-1.24

Correlation

The correlation between AMZD and AMZY is -0.97. 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.

Dividends

AMZD vs. AMZY - Dividend Comparison

AMZD's dividend yield for the trailing twelve months is around 2.85%, less than AMZY's 60.32% yield.

	TTM	2025	2024	2023	2022
AMZD Direxion Daily AMZN Bear 1X Shares	2.85%	3.61%	5.15%	6.83%	2.45%
AMZY YieldMax AMZN Option Income Strategy ETF	60.32%	52.59%	47.91%	9.90%	0.00%

Drawdowns

AMZD vs. AMZY - Drawdown Comparison

The maximum AMZD drawdown since its inception was -70.44%, which is greater than AMZY's maximum drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for AMZD and AMZY.

Drawdown Indicators

	AMZD	AMZY	Difference
Max Drawdown Largest peak-to-trough decline	-70.44%	-23.70%	-46.74%
Max Drawdown (1Y) Largest decline over 1 year	-35.54%	-19.61%	-15.93%
Current Drawdown Current decline from peak	-64.25%	-15.72%	-48.53%
Average Drawdown Average peak-to-trough decline	-48.04%	-5.44%	-42.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.83%	7.80%	+17.03%

Volatility

AMZD vs. AMZY - Volatility Comparison

Direxion Daily AMZN Bear 1X Shares (AMZD) has a higher volatility of 9.69% compared to YieldMax AMZN Option Income Strategy ETF (AMZY) at 7.29%. This indicates that AMZD's price experiences larger fluctuations and is considered to be riskier than AMZY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZD	AMZY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.69%	7.29%	+2.40%
Volatility (6M) Calculated over the trailing 6-month period	23.17%	17.86%	+5.31%
Volatility (1Y) Calculated over the trailing 1-year period	35.02%	26.95%	+8.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.63%	25.26%	+8.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.63%	25.26%	+8.37%