AMZD vs. OEF
AMZD (Direxion Daily AMZN Bear 1X Shares) and OEF (iShares S&P 100 ETF) are both exchange-traded funds - AMZD is a Inverse Equities fund tracking the Amazon.com, Inc. (-100%), while OEF is a Large Cap Blend Equities fund tracking the S&P 100 Index. Both are passively managed. Over the past 3 years, AMZD returned -24.09%/yr vs 21.28%/yr for OEF. Their -0.71 correlation means they have often moved in opposite directions in the past. AMZD charges 1.09%/yr vs 0.20%/yr for OEF.
Performance
AMZD vs. OEF - 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 OEF's 8.12% 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%
OEF
- 1D
- 0.95%
- 1M
- 0.81%
- 6M
- 7.93%
- YTD
- 8.12%
- 1Y
- 21.28%
- 3Y*
- 21.28%
- 5Y*
- 14.24%
- 10Y*
- 16.17%
- ALL TIME*
- 8.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $135.48M | $132.64M | $131.29M | |
| $110.18M | $97.33M | $117.28M |
AMZD vs. OEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | -18.67% | -9.84% | -30.80% | -46.50% | 45.25% |
OEF iShares S&P 100 ETF | 8.12% | 19.80% | 30.74% | 32.71% | -3.26% |
Correlation
The correlation between AMZD and OEF 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 (3Y) Balances recent behavior with more history. | -0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | -0.71 |
The correlation between AMZD and OEF has been stable across timeframes, ranging from -0.71 to -0.65 - a consistent structural relationship.
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Return for Risk
AMZD vs. OEF — Risk / Return Rank
AMZD
OEF
AMZD vs. OEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) and iShares S&P 100 ETF (OEF). 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 | OEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.25 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 1.71 | -2.36 |
| Martin ratioReturn relative to average drawdown | -1.37 | 6.48 | -7.85 |
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Drawdowns
AMZD vs. OEF - Drawdown Comparison
The maximum AMZD drawdown since its inception was -73.54%, which is greater than OEF's maximum drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for AMZD and OEF.
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Drawdown Indicators
| AMZD | OEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.54% | -54.11% | -19.43% |
Max Drawdown (1Y)Largest decline over 1 year | -29.56% | -11.06% | -18.50% |
Max Drawdown (3Y)Largest decline over 3 years | -59.93% | -19.80% | -40.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.44% | — |
Current DrawdownCurrent decline from peak | -73.54% | -2.20% | -71.34% |
Average DrawdownAverage peak-to-trough decline | -49.89% | -11.70% | -38.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.01% | 2.91% | +11.10% |
Volatility
AMZD vs. OEF - Volatility Comparison
Direxion Daily AMZN Bear 1X Shares (AMZD) has a higher volatility of 18.51% compared to iShares S&P 100 ETF (OEF) at 4.08%. This indicates that AMZD's price experiences larger fluctuations and is considered to be riskier than OEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZD | OEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.51% | 4.08% | +14.43% |
Volatility (6M)Calculated over the trailing 6-month period | 27.88% | 10.93% | +16.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.31% | 13.86% | +21.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.25% | 17.85% | +16.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.25% | 18.49% | +15.76% |
AMZD vs. OEF - Expense Ratio Comparison
AMZD has a 1.09% expense ratio, which is higher than OEF's 0.20% expense ratio.
Dividends
AMZD vs. OEF - Dividend Comparison
AMZD's dividend yield for the trailing twelve months is around 3.81%, more than OEF's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | 3.81% | 3.61% | 5.15% | 6.83% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OEF iShares S&P 100 ETF | 0.87% | 0.81% | 1.03% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% |
Frequently Asked Questions
AMZD and OEF 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 OEF (4.08%). In terms of maximum drawdown, AMZD dropped -73.54% vs OEF's -54.11%.
On 3-year performance, OEF leads with 21.28% vs -24.09% for AMZD. On fees, OEF is cheaper at 0.20% per year. On volatility, OEF has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OEF has performed better with a 21.28% return vs -24.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OEF is cheaper with a 0.20% expense ratio, compared with 1.09% for AMZD.
AMZD has the higher dividend yield at 3.81%, compared with 0.87% for OEF.
AMZD is categorized as Inverse Equities, while OEF is Large Cap Blend Equities. AMZD tracks Amazon.com, Inc. (-100%), while OEF tracks S&P 100 Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.09% for AMZD and 0.20% for OEF.
OEF currently has the higher Sharpe Ratio (1.36 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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