AMZD vs. JEPQ
AMZD (Direxion Daily AMZN Bear 1X Shares) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both exchange-traded funds - AMZD is a Inverse Equities fund tracking the Amazon.com, Inc. (-100%), while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past 3 years, AMZD returned -22.66%/yr vs 20.92%/yr for JEPQ. At a correlation of -0.72, they often move in opposite directions. AMZD charges 1.09%/yr vs 0.35%/yr for JEPQ.
Performance
AMZD vs. JEPQ - 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 JEPQ's 9.54% return.
AMZD
- 1D
- 2.47%
- 1M
- 8.70%
- YTD
- -8.90%
- 6M
- -8.11%
- 1Y
- -19.87%
- 3Y*
- -22.66%
- 5Y*
- —
- 10Y*
- —
JEPQ
- 1D
- -0.10%
- 1M
- 4.31%
- YTD
- 9.54%
- 6M
- 9.75%
- 1Y
- 29.00%
- 3Y*
- 20.92%
- 5Y*
- —
- 10Y*
- —
AMZD vs. JEPQ - 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% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.54% | 15.18% | 24.85% | 36.28% | -5.98% |
Correlation
The correlation between AMZD and JEPQ 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 | -0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | -0.72 |
The correlation between AMZD and JEPQ has been stable across timeframes, ranging from -0.72 to -0.63 - a consistent structural relationship.
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Return for Risk
AMZD vs. JEPQ — Risk / Return Rank
AMZD
JEPQ
AMZD vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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 | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.15 | ||
| Sortino ratioReturn per unit of downside risk | -4.09 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.49 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 3.31 | -4.01 |
| Martin ratioReturn relative to average drawdown | -1.54 | 16.22 | -17.77 |
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 | JEPQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 2.49 | -3.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 1.00 | -1.60 |
Drawdowns
AMZD vs. JEPQ - Drawdown Comparison
The maximum AMZD drawdown since its inception was -73.05%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for AMZD and JEPQ.
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Drawdown Indicators
| AMZD | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -20.07% | -52.98% |
Max Drawdown (1Y)Largest decline over 1 year | -28.27% | -8.82% | -19.45% |
Max Drawdown (3Y)Largest decline over 3 years | -59.20% | -20.07% | -39.13% |
Current DrawdownCurrent decline from peak | -70.36% | -0.10% | -70.26% |
Average DrawdownAverage peak-to-trough decline | -49.11% | -3.42% | -45.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.24% | 1.79% | +11.45% |
Volatility
AMZD vs. JEPQ - Volatility Comparison
Direxion Daily AMZN Bear 1X Shares (AMZD) has a higher volatility of 7.23% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 1.26%. This indicates that AMZD's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZD | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 1.26% | +5.97% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 9.07% | +11.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.15% | 11.73% | +18.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.41% | 16.61% | +16.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.41% | 16.61% | +16.80% |
AMZD vs. JEPQ - Expense Ratio Comparison
AMZD has a 1.09% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Dividends
AMZD vs. JEPQ - Dividend Comparison
AMZD's dividend yield for the trailing twelve months is around 3.44%, less than JEPQ's 10.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | 3.44% | 3.61% | 5.15% | 6.83% | 2.45% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.07% | 10.53% | 9.65% | 10.03% | 9.44% |
Frequently Asked Questions
AMZD and JEPQ 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 JEPQ (1.26%). In terms of maximum drawdown, AMZD dropped -73.05% vs JEPQ's -20.07%.
On 3-year performance, JEPQ leads with 20.92% vs -22.66% for AMZD. On fees, JEPQ is cheaper at 0.35% per year. On volatility, JEPQ has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JEPQ has performed better with a 20.92% return vs -22.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JEPQ is cheaper with a 0.35% expense ratio, compared with 1.09% for AMZD.
JEPQ has the higher dividend yield at 10.07%, compared with 3.44% for AMZD.
AMZD is categorized as Inverse Equities, while JEPQ is Nasdaq-100. AMZD tracks Amazon.com, Inc. (-100%), while JEPQ tracks Nasdaq-100 Index. They also come from different issuers: Direxion and JPMorgan. Their fees differ too: 1.09% for AMZD and 0.35% for JEPQ.
JEPQ currently has the higher Sharpe Ratio (2.49 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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