AMZU vs. SOXS
AMZU (Direxion Daily AMZN Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - AMZU is a Leveraged Equities fund tracking the Amazon.com, Inc. (150%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 3 years, AMZU returned 16.84%/yr vs -87.41%/yr for SOXS. At a correlation of -0.51, they often move in opposite directions. AMZU charges 1.06%/yr vs 1.08%/yr for SOXS.
Performance
AMZU vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, AMZU achieves a -7.16% return, which is significantly higher than SOXS's -93.50% return.
AMZU
- 1D
- 0.53%
- 1M
- -24.60%
- YTD
- -7.16%
- 6M
- -8.47%
- 1Y
- 2.43%
- 3Y*
- 16.84%
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- 22.42%
- 1M
- -47.74%
- YTD
- -93.50%
- 6M
- -93.24%
- 1Y
- -97.76%
- 3Y*
- -87.41%
- 5Y*
- -80.25%
- 10Y*
- -79.54%
AMZU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | -7.16% | -11.59% | 60.99% | 118.70% | -49.82% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.50% | -85.53% | -59.55% | -84.56% | -26.76% |
Correlation
The correlation between AMZU and SOXS is -0.39, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | -0.51 |
The correlation between AMZU and SOXS shifts across timeframes, from -0.51 (all time) to -0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AMZU vs. SOXS — Risk / Return Rank
AMZU
SOXS
AMZU vs. SOXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bull 2X Shares (AMZU) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +3.90 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.63 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | -1.00 | +1.06 |
| Martin ratioReturn relative to average drawdown | 0.12 | -1.51 | +1.64 |
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Drawdowns
AMZU vs. SOXS - Drawdown Comparison
The maximum AMZU drawdown since its inception was -55.59%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for AMZU and SOXS.
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Drawdown Indicators
| AMZU | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.59% | -100.00% | +44.41% |
Max Drawdown (1Y)Largest decline over 1 year | -42.98% | -97.94% | +54.96% |
Max Drawdown (3Y)Largest decline over 3 years | -55.47% | -99.87% | +44.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -31.62% | -100.00% | +68.38% |
Average DrawdownAverage peak-to-trough decline | -21.94% | -92.61% | +70.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.67% | 67.48% | -47.81% |
Volatility
AMZU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily AMZN Bull 2X Shares (AMZU) is 20.46%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 66.67%. This indicates that AMZU experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZU | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.46% | 66.67% | -46.21% |
Volatility (6M)Calculated over the trailing 6-month period | 43.46% | 100.39% | -56.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.59% | 117.32% | -55.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.41% | 111.39% | -51.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.41% | 102.09% | -42.68% |
AMZU vs. SOXS - Expense Ratio Comparison
AMZU has a 1.06% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
AMZU vs. SOXS - Dividend Comparison
AMZU's dividend yield for the trailing twelve months is around 6.54%, less than SOXS's 83.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 6.54% | 6.12% | 3.79% | 3.37% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 83.05% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
AMZU and SOXS have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (66.67%) compared to AMZU (20.46%). In terms of maximum drawdown, AMZU dropped -55.59% vs SOXS's -100.00%.
On 3-year performance, AMZU leads with 16.84% vs -87.41% for SOXS. On fees, AMZU is cheaper at 1.06% per year. On volatility, AMZU has been the lower-risk option at 20.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AMZU has performed better with a 16.84% return vs -87.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AMZU is cheaper with a 1.06% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 83.05%, compared with 6.54% for AMZU.
AMZU is categorized as Leveraged Equities, while SOXS is Inverse Equities. AMZU tracks Amazon.com, Inc. (150%), while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.06% for AMZU and 1.08% for SOXS.
AMZU currently has the higher Sharpe Ratio (0.04 vs -0.83), 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.
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