AMZD vs. YXI

Last updated Jun 24, 2026

AMZD (Direxion Daily AMZN Bear 1X Shares) and YXI (ProShares Short FTSE China 50) are both Inverse Equities funds - AMZD tracks the Amazon.com, Inc. (-100%) while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 3 years, AMZD returned -20.20%/yr vs -10.15%/yr for YXI. At a 0.27 correlation, their price movements are largely independent. AMZD charges 1.09%/yr vs 0.95%/yr for YXI.

Performance

AMZD vs. YXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMZN Bear 1X Shares (AMZD) and ProShares Short FTSE China 50 (YXI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZD achieves a -3.80% return, which is significantly lower than YXI's 16.30% return.

AMZD

• 1D: -1.13%
• 1M: 12.37%
• YTD: -3.80%
• 6M: -3.13%
• 1Y: -14.44%
• 3Y*: -20.20%
• 5Y*: —
• 10Y*: —

YXI

• 1D: 1.77%
• 1M: 7.38%
• YTD: 16.30%
• 6M: 16.98%
• 1Y: 9.55%
• 3Y*: -10.15%
• 5Y*: -1.37%
• 10Y*: -7.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZD vs. YXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AMZD Direxion Daily AMZN Bear 1X Shares	-3.80%	-9.84%	-30.80%	-46.50%	45.25%
YXI ProShares Short FTSE China 50	16.30%	-22.87%	-25.36%	12.40%	-5.27%

Correlation

The correlation between AMZD and YXI is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	0.27

Return for Risk

AMZD vs. YXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMZD

AMZD Risk / Return Rank: 5
AMZD Sharpe Ratio Rank: 5
AMZD Sortino Ratio Rank: 5
AMZD Omega Ratio Rank: 5
AMZD Calmar Ratio Rank: 5
AMZD Martin Ratio Rank: 4

YXI

YXI Risk / Return Rank: 16
YXI Sharpe Ratio Rank: 16
YXI Sortino Ratio Rank: 16
YXI Omega Ratio Rank: 16
YXI Calmar Ratio Rank: 19
YXI Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMZD vs. YXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) and ProShares Short FTSE China 50 (YXI). 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	YXI	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	0.48	-0.95
Sortino ratio: Return per unit of downside risk	-0.49	0.81	-1.30
Omega ratio: Gain probability vs. loss probability	0.94	1.10	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.51	0.77	-1.28
Martin ratio: Return relative to average drawdown	-1.14	1.49	-2.62

AMZD vs. YXI - Sharpe Ratio Comparison

The current AMZD Sharpe Ratio is -0.47, which is lower than the YXI Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of AMZD and YXI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMZD vs. YXI - Drawdown Comparison

The maximum AMZD drawdown since its inception was -73.05%, smaller than the maximum YXI drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for AMZD and YXI.

Drawdown Indicators

	AMZD	YXI	Difference
Max Drawdown Largest peak-to-trough decline	-73.05%	-81.15%	+8.10%
Max Drawdown (1Y) Largest decline over 1 year	-28.27%	-12.48%	-15.79%
Max Drawdown (3Y) Largest decline over 3 years	-59.20%	-53.12%	-6.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-57.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.92%	—
Current Drawdown Current decline from peak	-68.70%	-76.25%	+7.55%
Average Drawdown Average peak-to-trough decline	-49.33%	-54.37%	+5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.43%	6.88%	+6.55%

Volatility

AMZD vs. YXI - Volatility Comparison

Direxion Daily AMZN Bear 1X Shares (AMZD) has a higher volatility of 10.13% compared to ProShares Short FTSE China 50 (YXI) at 6.62%. This indicates that AMZD's price experiences larger fluctuations and is considered to be riskier than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZD	YXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.13%	6.62%	+3.51%
Volatility (6M) Calculated over the trailing 6-month period	21.78%	15.49%	+6.29%
Volatility (1Y) Calculated over the trailing 1-year period	31.03%	20.12%	+10.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.47%	31.48%	+1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.47%	27.43%	+6.04%

AMZD vs. YXI - Expense Ratio Comparison

AMZD has a 1.09% expense ratio, which is higher than YXI's 0.95% expense ratio.

Dividends

AMZD vs. YXI - Dividend Comparison

AMZD's dividend yield for the trailing twelve months is around 3.26%, more than YXI's 2.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AMZD Direxion Daily AMZN Bear 1X Shares	3.26%	3.61%	5.15%	6.83%	2.45%	0.00%	0.00%	0.00%	0.00%
YXI ProShares Short FTSE China 50	2.64%	3.60%	4.35%	2.66%	0.27%	0.00%	0.08%	1.01%	0.25%

Frequently Asked Questions

Can I hold both AMZD and YXI in my portfolio?

AMZD and YXI have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMZD or YXI?

AMZD has higher volatility (10.13%) compared to YXI (6.62%). In terms of maximum drawdown, AMZD dropped -73.05% vs YXI's -81.15%.

Which ETF is better, AMZD or YXI?

On 3-year performance, YXI leads with -10.15% vs -20.20% for AMZD. On fees, YXI is cheaper at 0.95% per year. On volatility, YXI has been the lower-risk option at 6.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZD or YXI?

Over the 3-year period, YXI has performed better with a -10.15% return vs -20.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZD or YXI?

YXI is cheaper with a 0.95% expense ratio, compared with 1.09% for AMZD.

Which ETF pays a higher dividend yield, AMZD or YXI?

AMZD has the higher dividend yield at 3.26%, compared with 2.64% for YXI.

What is the main difference between AMZD and YXI?

AMZD tracks Amazon.com, Inc. (-100%), while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.09% for AMZD and 0.95% for YXI.

Which has better risk-adjusted returns?

YXI currently has the higher Sharpe Ratio (0.48 vs -0.47), 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.