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AMZD vs. ZIVB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AMZD vs. ZIVB

Last updated Jun 4, 2026

AMZD (Direxion Daily AMZN Bear 1X Shares) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. AMZD is passively managed, while ZIVB is actively managed. AMZD charges 1.09%/yr vs 1.35%/yr for ZIVB.

Performance

AMZD vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMZN Bear 1X Shares (AMZD) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

AMZD

1D
2.47%
1M
8.70%
YTD
-8.90%
6M
-8.11%
1Y
-19.87%
3Y*
-22.66%
5Y*
—
10Y*
—

ZIVB

1D
0.00%
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZD vs. ZIVB - Yearly Performance Comparison

2026 (YTD)
AMZD
Direxion Daily AMZN Bear 1X Shares		9.48%
ZIVB
-1x Short VIX Mid-Term Futures Strategy ETF		0.00%

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Direxion Daily AMZN Bear 1X Shares

-1x Short VIX Mid-Term Futures Strategy ETF

Often compared with AMZD:
AMZD vs. AMZNAMZD vs. SPYAMZD vs. MSFDAMZD vs. FLYDAMZD vs. AMZYAMZD vs. AMZPAMZD vs. EMTY
Often compared with ZIVB:
ZIVB vs. YMAXZIVB vs. SVXYZIVB vs. DXYZZIVB vs. RISRZIVB vs. SVOLZIVB vs. UVXYZIVB vs. SVIX

Return for Risk

AMZD vs. ZIVB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AMZD
AMZD Risk / Return Rank: 33
Overall Rank
AMZD Sharpe Ratio Rank: 33
Sharpe Ratio Rank
AMZD Sortino Ratio Rank: 44
Sortino Ratio Rank
AMZD Omega Ratio Rank: 33
Omega Ratio Rank
AMZD Calmar Ratio Rank: 33
Calmar Ratio Rank
AMZD Martin Ratio Rank: 11
Martin Ratio Rank
ZIVB
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. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). 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.

AMZDZIVBDifference
Sharpe ratioReturn per unit of total volatility
-0.66

—

—

Sortino ratioReturn per unit of downside risk
-0.80

—

—

Omega ratioGain probability vs. loss probability

0.90

—

—

Calmar ratioReturn relative to maximum drawdown

-0.71

—

—

Martin ratioReturn relative to average drawdown

-1.54

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMZD vs. ZIVB - Sharpe Ratio Comparison

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Sharpe Ratios by Period

AMZDZIVBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.66

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.59

—

—

Drawdowns

AMZD vs. ZIVB - Drawdown Comparison

The maximum AMZD drawdown since its inception was -73.05%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for AMZD and ZIVB.

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Drawdown Indicators

AMZDZIVBDifference

Max Drawdown

Largest peak-to-trough decline

-73.05%

0.00%

-73.05%

Max Drawdown (1Y)

Largest decline over 1 year

-28.27%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-59.20%

—

—

Current Drawdown

Current decline from peak

-70.36%

0.00%

-70.36%

Average Drawdown

Average peak-to-trough decline

-49.11%

0.00%

-49.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.24%

—

—

Volatility

AMZD vs. ZIVB - Volatility Comparison

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Volatility by Period

AMZDZIVBDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.23%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

20.49%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

30.15%

0.00%

+30.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.41%

0.00%

+33.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.41%

0.00%

+33.41%

AMZD vs. ZIVB - Expense Ratio Comparison

AMZD has a 1.09% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

AMZD vs. ZIVB - Dividend Comparison

AMZD's dividend yield for the trailing twelve months is around 3.44%, while ZIVB has not paid dividends to shareholders.

PositionTTM2025202420232022
AMZD
Direxion Daily AMZN Bear 1X Shares		3.44%3.61%5.15%6.83%2.45%
ZIVB
-1x Short VIX Mid-Term Futures Strategy ETF		0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

On fees, AMZD is cheaper at 1.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

AMZD is cheaper with a 1.09% expense ratio, compared with 1.35% for ZIVB.

AMZD has the higher dividend yield at 3.44%, compared with 0.00% for ZIVB.

They also come from different issuers: Direxion and Volatility Shares. Their fees differ too: 1.09% for AMZD and 1.35% for ZIVB.

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