AMZD vs. HQGO
AMZD (Direxion Daily AMZN Bear 1X Shares) and HQGO (Hartford US Quality Growth ETF) are both exchange-traded funds - AMZD is a Inverse Equities fund tracking the Amazon.com, Inc. (-100%), while HQGO is a Quality Factor fund tracking the Hartford US Quality Growth Index - Benchmark TR Gross. Both are passively managed. Over the past year, AMZD returned -25.04% vs 21.35% for HQGO. Their -0.68 correlation means they have often moved in opposite directions in the past. AMZD charges 1.09%/yr vs 0.34%/yr for HQGO.
Performance
AMZD vs. HQGO - Performance Comparison
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Returns By Period
In the year-to-date period, AMZD achieves a -18.67% return, which is significantly lower than HQGO's 9.48% return.
AMZD
- 1D
- -15.20%
- 1M
- -13.01%
- 6M
- -15.74%
- YTD
- -18.67%
- 1Y
- -25.04%
- 3Y*
- -24.09%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.25%
HQGO
- 1D
- 1.10%
- 1M
- 0.67%
- 6M
- 8.71%
- YTD
- 9.48%
- 1Y
- 21.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $135.48M | $132.64M | $131.29M | |
| $2.80K | $6.26K | $50.61K |
AMZD vs. HQGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | -18.67% | -9.84% | -30.80% | -2.98% |
HQGO Hartford US Quality Growth ETF | 9.48% | 15.15% | 25.09% | 5.10% |
Correlation
The correlation between AMZD and HQGO is -0.65, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023 | -0.68 |
The correlation between AMZD and HQGO has been stable across timeframes, ranging from -0.68 to -0.65 - a consistent structural relationship.
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Return for Risk
AMZD vs. HQGO — Risk / Return Rank
AMZD
HQGO
AMZD vs. HQGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) and Hartford US Quality Growth ETF (HQGO). 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 | HQGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.24 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 1.87 | -2.52 |
| Martin ratioReturn relative to average drawdown | -1.37 | 7.12 | -8.48 |
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Drawdowns
AMZD vs. HQGO - Drawdown Comparison
The maximum AMZD drawdown since its inception was -73.54%, which is greater than HQGO's maximum drawdown of -20.85%. Use the drawdown chart below to compare losses from any high point for AMZD and HQGO.
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Drawdown Indicators
| AMZD | HQGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.54% | -20.85% | -52.69% |
Max Drawdown (1Y)Largest decline over 1 year | -29.56% | -10.40% | -19.16% |
Max Drawdown (3Y)Largest decline over 3 years | -59.93% | — | — |
Current DrawdownCurrent decline from peak | -73.54% | -1.46% | -72.08% |
Average DrawdownAverage peak-to-trough decline | -49.89% | -2.53% | -47.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.01% | 2.73% | +11.28% |
Volatility
AMZD vs. HQGO - Volatility Comparison
Direxion Daily AMZN Bear 1X Shares (AMZD) has a higher volatility of 18.51% compared to Hartford US Quality Growth ETF (HQGO) at 3.39%. This indicates that AMZD's price experiences larger fluctuations and is considered to be riskier than HQGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZD | HQGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.51% | 3.39% | +15.12% |
Volatility (6M)Calculated over the trailing 6-month period | 27.88% | 10.81% | +17.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.31% | 14.21% | +21.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.25% | 16.89% | +17.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.25% | 16.89% | +17.36% |
AMZD vs. HQGO - Expense Ratio Comparison
AMZD has a 1.09% expense ratio, which is higher than HQGO's 0.34% expense ratio.
Dividends
AMZD vs. HQGO - Dividend Comparison
AMZD's dividend yield for the trailing twelve months is around 3.81%, more than HQGO's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | 3.81% | 3.61% | 5.15% | 6.83% | 2.45% |
HQGO Hartford US Quality Growth ETF | 0.46% | 0.51% | 0.52% | 0.00% | 0.00% |
Frequently Asked Questions
AMZD and HQGO have a correlation of -0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZD has higher volatility (18.51%) compared to HQGO (3.39%). In terms of maximum drawdown, AMZD dropped -73.54% vs HQGO's -20.85%.
On 1-year performance, HQGO leads with 21.35% vs -25.04% for AMZD. On fees, HQGO is cheaper at 0.34% per year. On volatility, HQGO has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HQGO has performed better with a 21.35% return vs -25.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HQGO is cheaper with a 0.34% expense ratio, compared with 1.09% for AMZD.
AMZD has the higher dividend yield at 3.81%, compared with 0.46% for HQGO.
AMZD is categorized as Inverse Equities, while HQGO is Quality Factor. AMZD tracks Amazon.com, Inc. (-100%), while HQGO tracks Hartford US Quality Growth Index - Benchmark TR Gross. They also come from different issuers: Direxion and Hartford. Their fees differ too: 1.09% for AMZD and 0.34% for HQGO.
HQGO currently has the higher Sharpe Ratio (1.37 vs -0.54), 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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