AMZU vs. FSKAX
Compare and contrast key facts about Direxion Daily AMZN Bull 2X Shares (AMZU) and Fidelity Total Market Index Fund (FSKAX).
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. FSKAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZU or FSKAX.
Key characteristics
| AMZU | FSKAX | |
|---|---|---|
| YTD Return | 22.88% | 17.63% |
| 1Y Return | 28.21% | 25.80% |
| Sharpe Ratio | 0.56 | 2.04 |
| Daily Std Dev | 50.03% | 13.21% |
| Max Drawdown | -55.59% | -35.01% |
| Current Drawdown | -17.41% | -0.73% |
Correlation
The correlation between AMZU and FSKAX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AMZU vs. FSKAX - Performance Comparison
In the year-to-date period, AMZU achieves a 22.88% return, which is significantly higher than FSKAX's 17.63% 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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AMZU vs. FSKAX - Expense Ratio Comparison
AMZU has a 1.06% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Risk-Adjusted Performance
AMZU vs. FSKAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bull 2X Shares (AMZU) and Fidelity Total Market Index Fund (FSKAX). 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.
Dividends
AMZU vs. FSKAX - Dividend Comparison
AMZU's dividend yield for the trailing twelve months is around 3.59%, more than FSKAX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 3.59% | 3.37% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSKAX Fidelity Total Market Index Fund | 1.23% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.33% | 2.43% | 2.49% | 1.63% | 1.54% |
Drawdowns
AMZU vs. FSKAX - Drawdown Comparison
The maximum AMZU drawdown since its inception was -55.59%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for AMZU and FSKAX. For additional features, visit the drawdowns tool.
Volatility
AMZU vs. FSKAX - Volatility Comparison
Direxion Daily AMZN Bull 2X Shares (AMZU) has a higher volatility of 18.67% compared to Fidelity Total Market Index Fund (FSKAX) at 4.51%. This indicates that AMZU's price experiences larger fluctuations and is considered to be riskier than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.