AMZN vs. DIG

Last updated Aug 4, 2026

AMZN (Amazon.com, Inc) is a stock, while DIG (ProShares Ultra Energy) is Leveraged Equities fund tracking the S&P Energy Select Sector Index (200% Daily). Over the past 10 years, AMZN returned 22.18%/yr vs 5.18%/yr for DIG. Their 0.28 correlation means their historical movements had little consistent relationship.

Performance

AMZN vs. DIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amazon.com, Inc (AMZN) and ProShares Ultra Energy (DIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZN achieves a 23.05% return, which is significantly lower than DIG's 66.37% return. Over the past 10 years, AMZN has outperformed DIG with an annualized return of 22.18%, while DIG has yielded a comparatively lower 5.18% annualized return.

AMZN

• 1D: 4.58%
• 1M: 17.04%
• 6M: 16.90%
• YTD: 23.05%
• 1Y: 32.26%
• 3Y*: 26.72%
• 5Y*: 11.11%
• 10Y*: 22.18%
• ALL TIME*: 30.39%

DIG

• 1D: -2.58%
• 1M: 20.98%
• 6M: 33.99%
• YTD: 66.37%
• 1Y: 81.22%
• 3Y*: 16.66%
• 5Y*: 35.08%
• 10Y*: 5.18%
• ALL TIME*: -0.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMZN Amazon.com, Inc	$14.75B	$11.88B	$12.52B
DIG ProShares Ultra Energy	$2.23M	$2.48M	$2.42M

AMZN vs. DIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMZN Amazon.com, Inc	23.05%	5.21%	44.39%	80.88%	-49.62%	2.38%	76.26%	23.03%	28.43%	55.96%
DIG ProShares Ultra Energy	66.37%	2.73%	0.93%	-13.04%	125.34%	115.63%	-70.36%	12.51%	-40.11%	-7.39%

Correlation

The correlation between AMZN and DIG is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.19
Correlation (3Y) Balances recent behavior with more history.	-0.02
Correlation (5Y) Shows whether the relationship held over a longer period.	0.09
Correlation (10Y) Provides a long-term view across more market conditions.	0.15
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007	0.28

The correlation between AMZN and DIG shifts across timeframes, from -0.19 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AMZN vs. DIG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMZN

AMZN Risk / Return Rank: 72
AMZN Sharpe Ratio Rank: 74
AMZN Sortino Ratio Rank: 73
AMZN Omega Ratio Rank: 70
AMZN Calmar Ratio Rank: 73
AMZN Martin Ratio Rank: 71

DIG

DIG Risk / Return Rank: 70
DIG Sharpe Ratio Rank: 81
DIG Sortino Ratio Rank: 71
DIG Omega Ratio Rank: 68
DIG Calmar Ratio Rank: 75
DIG Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMZN vs. DIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amazon.com, Inc (AMZN) and ProShares Ultra Energy (DIG). 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.

	AMZN	DIG	Difference
Sharpe ratio: Return per unit of total volatility	0.94	1.94	-1.00
Sortino ratio: Return per unit of downside risk	1.64	2.36	-0.72
Omega ratio: Gain probability vs. loss probability	1.19	1.29	-0.10
Calmar ratio: Return relative to maximum drawdown	1.49	2.74	-1.25
Martin ratio: Return relative to average drawdown	3.18	6.98	-3.80

AMZN vs. DIG - Sharpe Ratio Comparison

The current AMZN Sharpe Ratio is 0.94, which is lower than the DIG Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of AMZN and DIG, 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

AMZN vs. DIG - Drawdown Comparison

The maximum AMZN drawdown since its inception was -94.40%, roughly equal to the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for AMZN and DIG.

Drawdown Indicators

	AMZN	DIG	Difference
Max Drawdown Largest peak-to-trough decline	-94.40%	-97.04%	+2.64%
Max Drawdown (1Y) Largest decline over 1 year	-21.74%	-29.80%	+8.06%
Max Drawdown (3Y) Largest decline over 3 years	-30.88%	-42.41%	+11.53%
Max Drawdown (5Y) Largest decline over 5 years	-55.73%	-46.02%	-9.71%
Max Drawdown (10Y) Largest decline over 10 years	-56.15%	-92.53%	+36.38%
Current Drawdown Current decline from peak	0.00%	-51.26%	+51.26%
Average Drawdown Average peak-to-trough decline	-28.11%	-64.27%	+36.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.17%	11.68%	-1.51%

Volatility

AMZN vs. DIG - Volatility Comparison

Amazon.com, Inc (AMZN) has a higher volatility of 16.97% compared to ProShares Ultra Energy (DIG) at 12.58%. This indicates that AMZN's price experiences larger fluctuations and is considered to be riskier than DIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZN	DIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.97%	12.58%	+4.39%
Volatility (6M) Calculated over the trailing 6-month period	26.83%	33.67%	-6.84%
Volatility (1Y) Calculated over the trailing 1-year period	34.50%	42.13%	-7.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.34%	51.16%	-14.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.04%	57.79%	-24.75%

Dividends

AMZN vs. DIG - Dividend Comparison

AMZN has not paid dividends to shareholders, while DIG's dividend yield for the trailing twelve months is around 1.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMZN Amazon.com, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIG ProShares Ultra Energy	1.49%	2.62%	3.13%	0.61%	1.33%	2.24%	3.18%	2.72%	2.30%	1.76%	1.09%	1.56%

Frequently Asked Questions

Can I hold both AMZN and DIG in my portfolio?

AMZN and DIG have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMZN or DIG?

AMZN has higher volatility (16.97%) compared to DIG (12.58%). In terms of maximum drawdown, AMZN dropped -94.40% vs DIG's -97.04%.

Which has better risk-adjusted returns?

DIG currently has the higher Sharpe Ratio (1.94 vs 0.94), 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.