AMZU vs. SOXS
AMZU (Direxion Daily AMZN Bull 2X Shares) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both Leveraged Equities funds from Direxion - AMZU tracks the Amazon.com, Inc. (150%) while SOXS tracks the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 3 years, AMZU returned 25.11%/yr vs -86.64%/yr for SOXS. At a correlation of -0.52, 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 8.04% return, which is significantly higher than SOXS's -92.10% return.
AMZU
- 1D
- -5.04%
- 1M
- -16.62%
- YTD
- 8.04%
- 6M
- 5.52%
- 1Y
- 21.37%
- 3Y*
- 25.11%
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- -5.03%
- 1M
- -62.97%
- YTD
- -92.10%
- 6M
- -91.70%
- 1Y
- -97.75%
- 3Y*
- -86.64%
- 5Y*
- -79.66%
- 10Y*
- -78.92%
AMZU vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 8.04% | -11.59% | 60.99% | 118.70% | -50.17% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.10% | -85.53% | -59.55% | -84.56% | -23.01% |
Correlation
The correlation between AMZU and SOXS is -0.42, 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 | -0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.49 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | -0.52 |
The correlation between AMZU and SOXS shifts across timeframes, from -0.52 (all time) to -0.42 (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.
| AMZU | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +4.85 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.58 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | -1.00 | +1.50 |
| Martin ratioReturn relative to average drawdown | 1.13 | -1.44 | +2.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMZU | SOXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | -0.96 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | -0.79 | +1.04 |
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% | -97.68% | +54.70% |
Max Drawdown (3Y)Largest decline over 3 years | -55.47% | -99.80% | +44.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -20.42% | -100.00% | +79.58% |
Average DrawdownAverage peak-to-trough decline | -21.91% | -92.60% | +70.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.91% | 68.64% | -49.73% |
Volatility
AMZU vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily AMZN Bull 2X Shares (AMZU) is 14.41%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 44.22%. 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 | 14.41% | 44.22% | -29.81% |
Volatility (6M)Calculated over the trailing 6-month period | 40.64% | 83.94% | -43.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.79% | 102.18% | -42.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.16% | 108.21% | -49.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.16% | 100.48% | -41.32% |
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 5.62%, less than SOXS's 68.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 5.62% | 6.12% | 3.79% | 3.37% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 68.34% | 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 -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (44.22%) compared to AMZU (14.41%). In terms of maximum drawdown, AMZU dropped -55.59% vs SOXS's -100.00%.
On 3-year performance, AMZU leads with 25.11% vs -86.64% for SOXS. On fees, AMZU is cheaper at 1.06% per year. On volatility, AMZU has been the lower-risk option at 14.41%. 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 25.11% return vs -86.64%. 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 68.34%, compared with 5.62% for AMZU.
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 (0.36 vs -0.96), 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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