AMZU vs. AMZZ

Last updated Jun 24, 2026

AMZU (Direxion Daily AMZN Bull 2X Shares) and AMZZ (GraniteShares 2x Long AMZN Daily ETF) are both Leveraged Equities funds. AMZU is passively managed, while AMZZ is actively managed. Over the past year, AMZU returned 2.43% vs 6.71% for AMZZ. With a 1.00 correlation, they move nearly in lockstep. AMZU charges 1.06%/yr vs 1.15%/yr for AMZZ.

Performance

AMZU vs. AMZZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMZN Bull 2X Shares (AMZU) and GraniteShares 2x Long AMZN Daily ETF (AMZZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZU achieves a -7.16% return, which is significantly lower than AMZZ's -4.99% return.

AMZU

• 1D: 0.53%
• 1M: -24.60%
• YTD: -7.16%
• 6M: -8.47%
• 1Y: 2.43%
• 3Y*: 16.84%
• 5Y*: —
• 10Y*: —

AMZZ

• 1D: 1.08%
• 1M: -24.11%
• YTD: -4.99%
• 6M: -5.95%
• 1Y: 6.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMZU vs. AMZZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMZU Direxion Daily AMZN Bull 2X Shares	-7.16%	-11.59%	33.60%
AMZZ GraniteShares 2x Long AMZN Daily ETF	-4.99%	-8.94%	34.95%

Correlation

The correlation between AMZU and AMZZ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024	1.00

The correlation between AMZU and AMZZ has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

AMZU vs. AMZZ - Sectors Allocation Comparison

Sectors	AMZU	AMZZ
Consumer Cyclical	100.0%	66.7%
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

AMZU vs. AMZZ — Risk / Return Rank

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

AMZU

AMZU Risk / Return Rank: 10
AMZU Sharpe Ratio Rank: 9
AMZU Sortino Ratio Rank: 12
AMZU Omega Ratio Rank: 12
AMZU Calmar Ratio Rank: 9
AMZU Martin Ratio Rank: 9

AMZZ

AMZZ Risk / Return Rank: 11
AMZZ Sharpe Ratio Rank: 10
AMZZ Sortino Ratio Rank: 13
AMZZ Omega Ratio Rank: 13
AMZZ Calmar Ratio Rank: 10
AMZZ Martin Ratio Rank: 10

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.

AMZU vs. AMZZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bull 2X Shares (AMZU) and GraniteShares 2x Long AMZN Daily ETF (AMZZ). 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.

	AMZU	AMZZ	Difference
Sharpe ratio: Return per unit of total volatility	0.04	0.11	-0.07
Sortino ratio: Return per unit of downside risk	0.50	0.59	-0.10
Omega ratio: Gain probability vs. loss probability	1.06	1.07	-0.01
Calmar ratio: Return relative to maximum drawdown	0.06	0.16	-0.10
Martin ratio: Return relative to average drawdown	0.12	0.35	-0.23

AMZU vs. AMZZ - Sharpe Ratio Comparison

The current AMZU Sharpe Ratio is 0.04, which is lower than the AMZZ Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of AMZU and AMZZ, 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

AMZU vs. AMZZ - Drawdown Comparison

The maximum AMZU drawdown since its inception was -55.59%, roughly equal to the maximum AMZZ drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for AMZU and AMZZ.

Drawdown Indicators

	AMZU	AMZZ	Difference
Max Drawdown Largest peak-to-trough decline	-55.59%	-55.28%	-0.31%
Max Drawdown (1Y) Largest decline over 1 year	-42.98%	-41.97%	-1.01%
Max Drawdown (3Y) Largest decline over 3 years	-55.47%	—	—
Current Drawdown Current decline from peak	-31.62%	-28.83%	-2.79%
Average Drawdown Average peak-to-trough decline	-21.94%	-20.25%	-1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.67%	19.23%	+0.44%

Volatility

AMZU vs. AMZZ - Volatility Comparison

Direxion Daily AMZN Bull 2X Shares (AMZU) and GraniteShares 2x Long AMZN Daily ETF (AMZZ) have volatilities of 20.46% and 20.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZU	AMZZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.46%	20.12%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	43.46%	43.07%	+0.39%
Volatility (1Y) Calculated over the trailing 1-year period	61.59%	61.33%	+0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.41%	63.09%	-3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.41%	63.09%	-3.68%

AMZU vs. AMZZ - Expense Ratio Comparison

AMZU has a 1.06% expense ratio, which is lower than AMZZ's 1.15% expense ratio.

Dividends

AMZU vs. AMZZ - Dividend Comparison

AMZU's dividend yield for the trailing twelve months is around 6.54%, while AMZZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
AMZU Direxion Daily AMZN Bull 2X Shares	6.54%	6.12%	3.79%	3.37%	0.50%
AMZZ GraniteShares 2x Long AMZN Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMZU and AMZZ in my portfolio?

With a correlation of 1.00, AMZU and AMZZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AMZU or AMZZ?

AMZU has higher volatility (20.46%) compared to AMZZ (20.12%). In terms of maximum drawdown, AMZU dropped -55.59% vs AMZZ's -55.28%.

Which ETF is better, AMZU or AMZZ?

On 1-year performance, AMZZ leads with 6.71% vs 2.43% for AMZU. On fees, AMZU is cheaper at 1.06% per year. On volatility, AMZZ has been the lower-risk option at 20.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZU or AMZZ?

Over the 1-year period, AMZZ has performed better with a 6.71% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZU or AMZZ?

AMZU is cheaper with a 1.06% expense ratio, compared with 1.15% for AMZZ.

Which ETF pays a higher dividend yield, AMZU or AMZZ?

AMZU has the higher dividend yield at 6.54%, compared with 0.00% for AMZZ.

What is the main difference between AMZU and AMZZ?

They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.06% for AMZU and 1.15% for AMZZ.

Which has better risk-adjusted returns?

AMZZ currently has the higher Sharpe Ratio (0.11 vs 0.04), 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.