AMZU vs. SPUU
AMZU (Direxion Daily AMZN Bull 2X Shares) and SPUU (Direxion Daily S&P 500 Bull 2X ETF) are both Leveraged Equities funds from Direxion - AMZU tracks the Amazon.com, Inc. (200%) while SPUU tracks the S&P 500 Index (200% Daily). Both are passively managed. Over the past 3 years, AMZU returned 26.76%/yr vs 31.33%/yr for SPUU. Their 0.65 correlation means they have sometimes moved together and sometimes differently. AMZU charges 0.99%/yr vs 0.60%/yr for SPUU.
Performance
AMZU vs. SPUU - Performance Comparison
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Returns By Period
In the year-to-date period, AMZU achieves a 20.75% return, which is significantly higher than SPUU's 16.72% return.
AMZU
- 1D
- 29.73%
- 1M
- 21.60%
- 6M
- 14.03%
- YTD
- 20.75%
- 1Y
- 28.33%
- 3Y*
- 26.76%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.69%
SPUU
- 1D
- 1.52%
- 1M
- 0.24%
- 6M
- 14.02%
- YTD
- 16.72%
- 1Y
- 38.14%
- 3Y*
- 31.33%
- 5Y*
- 17.73%
- 10Y*
- 23.82%
- ALL TIME*
- 21.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $124.23M | $117.55M | $117.81M | |
| $4.20M | $4.55M | $4.33M |
AMZU vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 20.75% | -11.59% | 60.99% | 118.70% | -49.82% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 16.72% | 26.55% | 44.25% | 47.28% | -5.84% |
Correlation
The correlation between AMZU and SPUU is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | 0.65 |
The correlation between AMZU and SPUU has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.
AMZU vs. SPUU - Sectors Allocation Comparison
Sectors
AMZU
SPUU
Consumer Cyclical
Basic Materials
-
Communication Services
-
Consumer Defensive
-
Energy
-
Financial Services
-
Healthcare
-
Industrials
-
Real Estate
-
Technology
-
Utilities
-
Consumer Cyclical
AMZU
SPUU
Basic Materials
AMZU
-
SPUU
Communication Services
AMZU
-
SPUU
Consumer Defensive
AMZU
-
SPUU
Energy
AMZU
-
SPUU
Financial Services
AMZU
-
SPUU
Healthcare
AMZU
-
SPUU
Industrials
AMZU
-
SPUU
Real Estate
AMZU
-
SPUU
Technology
AMZU
-
SPUU
Utilities
AMZU
-
SPUU
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Return for Risk
AMZU vs. SPUU — Risk / Return Rank
AMZU
SPUU
AMZU vs. SPUU - 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 S&P 500 Bull 2X ETF (SPUU). 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 | SPUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.23 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 1.85 | -1.69 |
| Martin ratioReturn relative to average drawdown | 0.33 | 7.47 | -7.13 |
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Drawdowns
AMZU vs. SPUU - Drawdown Comparison
The maximum AMZU drawdown since its inception was -55.59%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for AMZU and SPUU.
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Drawdown Indicators
| AMZU | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.59% | -59.35% | +3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -42.98% | -18.19% | -24.79% |
Max Drawdown (3Y)Largest decline over 3 years | -55.47% | -35.18% | -20.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -11.06% | -3.83% | -7.23% |
Average DrawdownAverage peak-to-trough decline | -22.09% | -9.44% | -12.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.42% | 4.51% | +16.91% |
Volatility
AMZU vs. SPUU - Volatility Comparison
Direxion Daily AMZN Bull 2X Shares (AMZU) has a higher volatility of 31.08% compared to Direxion Daily S&P 500 Bull 2X ETF (SPUU) at 7.10%. This indicates that AMZU's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZU | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.08% | 7.10% | +23.98% |
Volatility (6M)Calculated over the trailing 6-month period | 52.00% | 20.38% | +31.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.05% | 25.88% | +44.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.30% | 33.70% | +27.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.30% | 35.79% | +25.51% |
AMZU vs. SPUU - Expense Ratio Comparison
AMZU has a 0.99% expense ratio, which is higher than SPUU's 0.60% expense ratio.
Dividends
AMZU vs. SPUU - Dividend Comparison
AMZU's dividend yield for the trailing twelve months is around 4.83%, more than SPUU's 1.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 4.83% | 6.12% | 3.79% | 3.37% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 1.34% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Frequently Asked Questions
AMZU and SPUU have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZU has higher volatility (31.08%) compared to SPUU (7.10%). In terms of maximum drawdown, AMZU dropped -55.59% vs SPUU's -59.35%.
On 3-year performance, SPUU leads with 31.33% vs 26.76% for AMZU. On fees, SPUU is cheaper at 0.60% per year. On volatility, SPUU has been the lower-risk option at 7.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SPUU has performed better with a 31.33% return vs 26.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPUU is cheaper with a 0.60% expense ratio, compared with 0.99% for AMZU.
AMZU has the higher dividend yield at 4.83%, compared with 1.34% for SPUU.
AMZU tracks Amazon.com, Inc. (200%), while SPUU tracks S&P 500 Index (200% Daily). Their fees differ too: 0.99% for AMZU and 0.60% for SPUU.
SPUU currently has the higher Sharpe Ratio (1.30 vs 0.10), 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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