AMZD vs. SPY
Compare and contrast key facts about Direxion Daily AMZN Bear 1X Shares (AMZD) and SPDR S&P 500 ETF (SPY).
AMZD and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZD is a passively managed fund by Direxion that tracks the performance of the Amazon.com, Inc. (-100%). It was launched on Sep 6, 2022. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both AMZD and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZD or SPY.
Key characteristics
| AMZD | SPY | |
|---|---|---|
| YTD Return | -18.57% | 19.22% |
| 1Y Return | -25.13% | 28.25% |
| Sharpe Ratio | -0.87 | 2.25 |
| Daily Std Dev | 28.58% | 12.59% |
| Max Drawdown | -60.01% | -55.19% |
| Current Drawdown | -57.53% | -0.32% |
Correlation
The correlation between AMZD and SPY is -0.68. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
AMZD vs. SPY - Performance Comparison
In the year-to-date period, AMZD achieves a -18.57% return, which is significantly lower than SPY's 19.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMZD vs. SPY - Expense Ratio Comparison
AMZD has a 1.09% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
AMZD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) and SPDR S&P 500 ETF (SPY). 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.
Dividends
AMZD vs. SPY - Dividend Comparison
AMZD's dividend yield for the trailing twelve months is around 7.19%, more than SPY's 0.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | 3.97% | 6.83% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
AMZD vs. SPY - Drawdown Comparison
The maximum AMZD drawdown since its inception was -60.01%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AMZD and SPY. For additional features, visit the drawdowns tool.
Volatility
AMZD vs. SPY - Volatility Comparison
Direxion Daily AMZN Bear 1X Shares (AMZD) has a higher volatility of 8.62% compared to SPDR S&P 500 ETF (SPY) at 3.94%. This indicates that AMZD's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.