AMZD vs. SOXL
AMZD (Direxion Daily AMZN Bear 1X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - AMZD is a Inverse Equities fund tracking the Amazon.com, Inc. (-100%), while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. Both are passively managed. Over the past 3 years, AMZD returned -22.66%/yr vs 135.13%/yr for SOXL. At a correlation of -0.53, they often move in opposite directions. AMZD charges 1.09%/yr vs 0.75%/yr for SOXL.
Performance
AMZD vs. SOXL - 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 SOXL's 567.48% return.
AMZD
- 1D
- 2.47%
- 1M
- 8.70%
- YTD
- -8.90%
- 6M
- -8.11%
- 1Y
- -19.87%
- 3Y*
- -22.66%
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- 5.34%
- 1M
- 119.95%
- YTD
- 567.48%
- 6M
- 502.28%
- 1Y
- 1,438.30%
- 3Y*
- 135.13%
- 5Y*
- 48.72%
- 10Y*
- 65.39%
AMZD vs. SOXL - 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% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 567.48% | 54.91% | -12.31% | 226.98% | -25.05% |
Correlation
The correlation between AMZD and SOXL is -0.42, 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 | -0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | -0.53 |
The correlation between AMZD and SOXL shifts across timeframes, from -0.53 (all time) to -0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AMZD vs. SOXL — Risk / Return Rank
AMZD
SOXL
AMZD vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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 | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.95 | ||
| Sortino ratioReturn per unit of downside risk | -5.97 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.72 | -0.82 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 33.47 | -34.18 |
| Martin ratioReturn relative to average drawdown | -1.54 | 114.79 | -116.33 |
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 | SOXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 14.28 | -14.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.52 | -1.11 |
Drawdowns
AMZD vs. SOXL - Drawdown Comparison
The maximum AMZD drawdown since its inception was -73.05%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for AMZD and SOXL.
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Drawdown Indicators
| AMZD | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -90.46% | +17.41% |
Max Drawdown (1Y)Largest decline over 1 year | -28.27% | -43.47% | +15.20% |
Max Drawdown (3Y)Largest decline over 3 years | -59.20% | -87.88% | +28.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -70.36% | 0.00% | -70.36% |
Average DrawdownAverage peak-to-trough decline | -49.11% | -35.01% | -14.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.24% | 12.65% | +0.59% |
Volatility
AMZD vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily AMZN Bear 1X Shares (AMZD) is 7.23%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 40.82%. This indicates that AMZD experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZD | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 40.82% | -33.59% |
Volatility (6M)Calculated over the trailing 6-month period | 20.49% | 81.29% | -60.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.15% | 102.11% | -71.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.41% | 107.25% | -73.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.41% | 99.04% | -65.63% |
AMZD vs. SOXL - Expense Ratio Comparison
AMZD has a 1.09% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
AMZD vs. SOXL - Dividend Comparison
AMZD's dividend yield for the trailing twelve months is around 3.44%, more than SOXL's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.03% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
AMZD and SOXL have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (40.82%) compared to AMZD (7.23%). In terms of maximum drawdown, AMZD dropped -73.05% vs SOXL's -90.46%.
On 3-year performance, SOXL leads with 135.13% vs -22.66% for AMZD. On fees, SOXL is cheaper at 0.75% per year. On volatility, AMZD has been the lower-risk option at 7.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SOXL has performed better with a 135.13% return vs -22.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 1.09% for AMZD.
AMZD has the higher dividend yield at 3.44%, compared with 0.03% for SOXL.
AMZD is categorized as Inverse Equities, while SOXL is Leveraged Equities. AMZD tracks Amazon.com, Inc. (-100%), while SOXL tracks ICE Semiconductor Index. Their fees differ too: 1.09% for AMZD and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (14.28 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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