AMZD vs. FBCG

Last updated Jun 25, 2026

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 -20.03%/yr vs 27.62%/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

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

Returns By Period

In the year-to-date period, AMZD achieves a -3.18% return, which is significantly lower than FBCG's 10.18% return.

AMZD

• 1D: 0.00%
• 1M: 13.09%
• YTD: -3.18%
• 6M: -2.41%
• 1Y: -11.96%
• 3Y*: -20.03%
• 5Y*: —
• 10Y*: —

FBCG

• 1D: 0.09%
• 1M: -1.40%
• YTD: 10.18%
• 6M: 8.78%
• 1Y: 28.98%
• 3Y*: 27.62%
• 5Y*: 13.40%
• 10Y*: —

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

AMZD vs. FBCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AMZD Direxion Daily AMZN Bear 1X Shares	-3.18%	-9.84%	-30.80%	-46.50%	45.25%
FBCG Fidelity Blue Chip Growth ETF	10.18%	18.60%	39.05%	57.98%	-9.58%

Correlation

The correlation between AMZD and FBCG is -0.64, 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	-0.64
Correlation (3Y) Calculated over the trailing 3-year period	-0.73
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	-0.74

The correlation between AMZD and FBCG shifts across timeframes, from -0.74 (all time) to -0.64 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AMZD vs. FBCG — 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: 6
AMZD Sortino Ratio Rank: 6
AMZD Omega Ratio Rank: 6
AMZD Calmar Ratio Rank: 6
AMZD Martin Ratio Rank: 5

FBCG

FBCG Risk / Return Rank: 45
FBCG Sharpe Ratio Rank: 47
FBCG Sortino Ratio Rank: 44
FBCG Omega Ratio Rank: 44
FBCG Calmar Ratio Rank: 42
FBCG Martin Ratio Rank: 47

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. 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.

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	FBCG	Difference
Sharpe ratio: Return per unit of total volatility	-0.39	1.47	-1.86
Sortino ratio: Return per unit of downside risk	-0.36	2.03	-2.39
Omega ratio: Gain probability vs. loss probability	0.96	1.26	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.42	1.92	-2.34
Martin ratio: Return relative to average drawdown	-0.94	7.20	-8.14

AMZD vs. FBCG - Sharpe Ratio Comparison

The current AMZD Sharpe Ratio is -0.39, which is lower than the FBCG Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of AMZD and FBCG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	AMZD	FBCG	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-68.50%	-5.67%	-62.83%
Average Drawdown Average peak-to-trough decline	-49.35%	-11.42%	-37.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.77%	4.04%	+8.73%

Volatility

AMZD vs. FBCG - Volatility Comparison

Direxion Daily AMZN Bear 1X Shares (AMZD) has a higher volatility of 10.05% compared to Fidelity Blue Chip Growth ETF (FBCG) at 8.27%. 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.

Volatility by Period

	AMZD	FBCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.05%	8.27%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	21.76%	15.44%	+6.32%
Volatility (1Y) Calculated over the trailing 1-year period	31.01%	19.84%	+11.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.45%	26.00%	+7.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.45%	25.79%	+7.66%

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 3.20%, more than FBCG's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AMZD Direxion Daily AMZN Bear 1X Shares	3.20%	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

Can I hold both AMZD and FBCG in my portfolio?

AMZD and FBCG have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMZD or FBCG?

AMZD has higher volatility (10.05%) compared to FBCG (8.27%). In terms of maximum drawdown, AMZD dropped -73.05% vs FBCG's -43.56%.

Which ETF is better, AMZD or FBCG?

On 3-year performance, FBCG leads with 27.62% vs -20.03% for AMZD. On fees, FBCG is cheaper at 0.59% per year. On volatility, FBCG has been the lower-risk option at 8.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZD or FBCG?

Over the 3-year period, FBCG has performed better with a 27.62% return vs -20.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZD or FBCG?

FBCG is cheaper with a 0.59% expense ratio, compared with 1.09% for AMZD.

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

AMZD has the higher dividend yield at 3.20%, compared with 0.04% for FBCG.

What is the main difference between AMZD and 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.

Which has better risk-adjusted returns?

FBCG currently has the higher Sharpe Ratio (1.47 vs -0.39), 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.