AMZU vs. AMZZ
Compare and contrast key facts about Direxion Daily AMZN Bull 2X Shares (AMZU) and GraniteShares 2x Long AMZN Daily ETF (AMZZ).
AMZU and AMZZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZU is a passively managed fund by Direxion that tracks the performance of the Amazon.com, Inc. (150%). It was launched on Sep 6, 2022. AMZZ is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZU or AMZZ.
Correlation
The correlation between AMZU and AMZZ is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AMZU vs. AMZZ - Performance Comparison
Key characteristics
AMZU:
53.40%
AMZZ:
55.88%
AMZU:
-55.59%
AMZZ:
-37.35%
AMZU:
-13.81%
AMZZ:
-13.45%
Returns By Period
In the year-to-date period, AMZU achieves a -2.05% return, which is significantly lower than AMZZ's -1.88% return.
AMZU
-2.05%
-9.68%
14.43%
54.24%
N/A
N/A
AMZZ
-1.88%
-9.33%
16.17%
N/A
N/A
N/A
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AMZU vs. AMZZ - Expense Ratio Comparison
AMZU has a 1.06% expense ratio, which is lower than AMZZ's 1.15% expense ratio.
Risk-Adjusted Performance
AMZU vs. AMZZ — Risk-Adjusted Performance Rank
AMZU
AMZZ
AMZU vs. AMZZ - Risk-Adjusted Performance 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.
Not enough dataDividends
AMZU vs. AMZZ - Dividend Comparison
AMZU's dividend yield for the trailing twelve months is around 3.87%, while AMZZ has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 3.87% | 3.79% | 3.38% | 0.50% |
AMZZ GraniteShares 2x Long AMZN Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AMZU vs. AMZZ - Drawdown Comparison
The maximum AMZU drawdown since its inception was -55.59%, which is greater than AMZZ's maximum drawdown of -37.35%. Use the drawdown chart below to compare losses from any high point for AMZU and AMZZ. For additional features, visit the drawdowns tool.
Volatility
AMZU vs. AMZZ - Volatility Comparison
Direxion Daily AMZN Bull 2X Shares (AMZU) and GraniteShares 2x Long AMZN Daily ETF (AMZZ) have volatilities of 14.95% and 14.77%, 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.