AMZU vs. BTC-USD
Compare and contrast key facts about Direxion Daily AMZN Bull 2X Shares (AMZU) and Bitcoin (BTC-USD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZU or BTC-USD.
Key characteristics
| AMZU | BTC-USD | |
|---|---|---|
| YTD Return | 22.88% | 43.31% |
| 1Y Return | 28.21% | 128.23% |
| Sharpe Ratio | 0.56 | 1.04 |
| Daily Std Dev | 50.03% | 43.12% |
| Max Drawdown | -55.59% | -93.07% |
| Current Drawdown | -17.41% | -17.12% |
Correlation
The correlation between AMZU and BTC-USD is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AMZU vs. BTC-USD - Performance Comparison
In the year-to-date period, AMZU achieves a 22.88% return, which is significantly lower than BTC-USD's 43.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AMZU vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bull 2X Shares (AMZU) and Bitcoin (BTC-USD). 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.
Drawdowns
AMZU vs. BTC-USD - Drawdown Comparison
The maximum AMZU drawdown since its inception was -55.59%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for AMZU and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
AMZU vs. BTC-USD - Volatility Comparison
Direxion Daily AMZN Bull 2X Shares (AMZU) has a higher volatility of 18.64% compared to Bitcoin (BTC-USD) at 14.16%. This indicates that AMZU's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.