AMZD vs. QQQE
AMZD (Direxion Daily AMZN Bear 1X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - AMZD is a Inverse Equities fund tracking the Amazon.com, Inc. (-100%), while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 3 years, AMZD returned -22.66%/yr vs 18.69%/yr for QQQE. At a correlation of -0.62, they often move in opposite directions. AMZD charges 1.09%/yr vs 0.35%/yr for QQQE.
Performance
AMZD vs. QQQE - 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 QQQE's 19.12% return.
AMZD
- 1D
- 2.47%
- 1M
- 8.70%
- YTD
- -8.90%
- 6M
- -8.11%
- 1Y
- -19.87%
- 3Y*
- -22.66%
- 5Y*
- —
- 10Y*
- —
QQQE
- 1D
- -0.10%
- 1M
- 10.46%
- YTD
- 19.12%
- 6M
- 17.48%
- 1Y
- 28.68%
- 3Y*
- 18.69%
- 5Y*
- 10.30%
- 10Y*
- 15.49%
AMZD vs. QQQE - 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% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 19.12% | 14.58% | 6.98% | 33.76% | -3.31% |
Correlation
The correlation between AMZD and QQQE is -0.50, 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 | -0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | -0.62 |
The correlation between AMZD and QQQE shifts across timeframes, from -0.62 (all time) to -0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AMZD vs. QQQE — Risk / Return Rank
AMZD
QQQE
AMZD vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.35 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 3.06 | -3.77 |
| Martin ratioReturn relative to average drawdown | -1.54 | 10.57 | -12.11 |
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 | QQQE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 2.04 | -2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.76 | -1.36 |
Drawdowns
AMZD vs. QQQE - Drawdown Comparison
The maximum AMZD drawdown since its inception was -73.05%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for AMZD and QQQE.
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Drawdown Indicators
| AMZD | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -32.14% | -40.91% |
Max Drawdown (1Y)Largest decline over 1 year | -28.27% | -9.41% | -18.86% |
Max Drawdown (3Y)Largest decline over 3 years | -59.20% | -21.38% | -37.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -70.36% | -0.10% | -70.26% |
Average DrawdownAverage peak-to-trough decline | -49.11% | -5.17% | -43.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.24% | 2.72% | +10.52% |
Volatility
AMZD vs. QQQE - Volatility Comparison
Direxion Daily AMZN Bear 1X Shares (AMZD) has a higher volatility of 7.23% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 3.79%. This indicates that AMZD's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZD | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 3.79% | +3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 10.64% | +9.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.15% | 14.15% | +16.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.41% | 20.30% | +13.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.41% | 20.72% | +12.69% |
AMZD vs. QQQE - Expense Ratio Comparison
AMZD has a 1.09% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
AMZD vs. QQQE - Dividend Comparison
AMZD's dividend yield for the trailing twelve months is around 3.44%, more than QQQE's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | 3.44% | 3.61% | 5.15% | 6.83% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.52% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
AMZD and QQQE have a correlation of -0.50, 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 QQQE (3.79%). In terms of maximum drawdown, AMZD dropped -73.05% vs QQQE's -32.14%.
On 3-year performance, QQQE leads with 18.69% vs -22.66% for AMZD. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, QQQE has performed better with a 18.69% return vs -22.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 1.09% for AMZD.
AMZD has the higher dividend yield at 3.44%, compared with 0.52% for QQQE.
AMZD is categorized as Inverse Equities, while QQQE is Nasdaq-100. AMZD tracks Amazon.com, Inc. (-100%), while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 1.09% for AMZD and 0.35% for QQQE.
QQQE currently has the higher Sharpe Ratio (2.04 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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