AMZD vs. FBCG
AMZD (Direxion Daily AMZN Bear 1X Shares) and FBCG (Fidelity Blue Chip Growth ETF) are both exchange-traded funds - AMZD is a Inverse Equities fund tracking the Amazon.com, Inc. (-100%), while FBCG is a Large Cap Growth Equities fund actively managed by Fidelity. AMZD is passively managed, while FBCG is actively managed. Over the past 3 years, AMZD returned -22.66%/yr vs 30.60%/yr for FBCG. At a correlation of -0.74, they often move in opposite directions. AMZD charges 1.09%/yr vs 0.59%/yr for FBCG.
Performance
AMZD vs. FBCG - Performance Comparison
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Returns By Period
In the year-to-date period, AMZD achieves a -8.90% return, which is significantly lower than FBCG's 15.59% return.
AMZD
- 1D
- 2.47%
- 1M
- 8.70%
- YTD
- -8.90%
- 6M
- -8.11%
- 1Y
- -19.87%
- 3Y*
- -22.66%
- 5Y*
- —
- 10Y*
- —
FBCG
- 1D
- -1.05%
- 1M
- 7.84%
- YTD
- 15.59%
- 6M
- 15.51%
- 1Y
- 39.38%
- 3Y*
- 30.60%
- 5Y*
- 15.84%
- 10Y*
- —
AMZD vs. FBCG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | -8.90% | -9.84% | -30.80% | -46.50% | 45.25% |
FBCG Fidelity Blue Chip Growth ETF | 15.59% | 18.60% | 39.05% | 57.98% | -11.46% |
Correlation
The correlation between AMZD and FBCG is -0.63, 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 | -0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | -0.74 |
The correlation between AMZD and FBCG shifts across timeframes, from -0.74 (all time) to -0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AMZD vs. FBCG — Risk / Return Rank
AMZD
FBCG
AMZD vs. FBCG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) and Fidelity Blue Chip Growth ETF (FBCG). 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 | FBCG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.64 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.36 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 2.61 | -3.31 |
| Martin ratioReturn relative to average drawdown | -1.54 | 10.14 | -11.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMZD | FBCG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 2.14 | -2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.83 | -1.42 |
Drawdowns
AMZD vs. FBCG - Drawdown Comparison
The maximum AMZD drawdown since its inception was -73.05%, which is greater than FBCG's maximum drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for AMZD and FBCG.
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Drawdown Indicators
| AMZD | FBCG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -43.56% | -29.49% |
Max Drawdown (1Y)Largest decline over 1 year | -28.27% | -15.17% | -13.10% |
Max Drawdown (3Y)Largest decline over 3 years | -59.20% | -27.89% | -31.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.56% | — |
Current DrawdownCurrent decline from peak | -70.36% | -1.05% | -69.31% |
Average DrawdownAverage peak-to-trough decline | -49.11% | -11.49% | -37.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.24% | 3.90% | +9.34% |
Volatility
AMZD vs. FBCG - Volatility Comparison
Direxion Daily AMZN Bear 1X Shares (AMZD) has a higher volatility of 7.23% compared to Fidelity Blue Chip Growth ETF (FBCG) at 4.79%. This indicates that AMZD's price experiences larger fluctuations and is considered to be riskier than FBCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZD | FBCG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 4.79% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 13.89% | +6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.15% | 18.55% | +11.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.41% | 25.79% | +7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.41% | 25.72% | +7.69% |
AMZD vs. FBCG - Expense Ratio Comparison
AMZD has a 1.09% expense ratio, which is higher than FBCG's 0.59% expense ratio.
Dividends
AMZD vs. FBCG - Dividend Comparison
AMZD's dividend yield for the trailing twelve months is around 3.44%, more than FBCG's 0.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | 3.44% | 3.61% | 5.15% | 6.83% | 2.45% | 0.00% | 0.00% |
FBCG Fidelity Blue Chip Growth ETF | 0.04% | 0.05% | 0.12% | 0.02% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
AMZD and FBCG have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZD has higher volatility (7.23%) compared to FBCG (4.79%). In terms of maximum drawdown, AMZD dropped -73.05% vs FBCG's -43.56%.
On 3-year performance, FBCG leads with 30.60% vs -22.66% for AMZD. On fees, FBCG is cheaper at 0.59% per year. On volatility, FBCG has been the lower-risk option at 4.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FBCG has performed better with a 30.60% return vs -22.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FBCG is cheaper with a 0.59% expense ratio, compared with 1.09% for AMZD.
AMZD has the higher dividend yield at 3.44%, compared with 0.04% for FBCG.
AMZD is categorized as Inverse Equities, while FBCG is Large Cap Growth Equities. They also come from different issuers: Direxion and Fidelity. Their fees differ too: 1.09% for AMZD and 0.59% for FBCG.
FBCG currently has the higher Sharpe Ratio (2.14 vs -0.66), 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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