AMZU vs. UMI

Last updated Jun 4, 2026

AMZU (Direxion Daily AMZN Bull 2X Shares) and UMI (USCF Midstream Energy Income Fund ETF) are both exchange-traded funds - AMZU is a Leveraged Equities fund tracking the Amazon.com, Inc. (150%), while UMI is a Energy Equities fund actively managed by Wainwright, Inc.. AMZU is passively managed, while UMI is actively managed. Over the past 3 years, AMZU returned 25.11%/yr vs 27.26%/yr for UMI. At a 0.14 correlation, their price movements are largely independent. AMZU charges 1.06%/yr vs 0.85%/yr for UMI.

Performance

AMZU vs. UMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMZN Bull 2X Shares (AMZU) and USCF Midstream Energy Income Fund ETF (UMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZU achieves a 8.04% return, which is significantly lower than UMI's 22.52% return.

AMZU

• 1D: -5.04%
• 1M: -16.62%
• YTD: 8.04%
• 6M: 5.52%
• 1Y: 21.37%
• 3Y*: 25.11%
• 5Y*: —
• 10Y*: —

UMI

• 1D: 0.02%
• 1M: -1.04%
• YTD: 22.52%
• 6M: 22.06%
• 1Y: 23.91%
• 3Y*: 27.26%
• 5Y*: 20.29%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZU vs. UMI - 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%
UMI USCF Midstream Energy Income Fund ETF	22.52%	5.11%	42.97%	14.60%	-0.41%

Correlation

The correlation between AMZU and UMI is -0.19, 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	-0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.14

The correlation between AMZU and UMI shifts across timeframes, from -0.19 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

AMZU vs. UMI - Sectors Allocation Comparison

Sectors	AMZU	UMI
Consumer Cyclical	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	99.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	1.0%

Return for Risk

AMZU vs. UMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMZU

AMZU Risk / Return Rank: 15
AMZU Sharpe Ratio Rank: 14
AMZU Sortino Ratio Rank: 17
AMZU Omega Ratio Rank: 17
AMZU Calmar Ratio Rank: 15
AMZU Martin Ratio Rank: 14

UMI

UMI Risk / Return Rank: 52
UMI Sharpe Ratio Rank: 49
UMI Sortino Ratio Rank: 47
UMI Omega Ratio Rank: 47
UMI Calmar Ratio Rank: 64
UMI Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMZU vs. UMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bull 2X Shares (AMZU) and USCF Midstream Energy Income Fund ETF (UMI). 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	UMI	Difference
Sharpe ratio: Return per unit of total volatility	0.36	1.71	-1.35
Sortino ratio: Return per unit of downside risk	0.91	2.36	-1.45
Omega ratio: Gain probability vs. loss probability	1.11	1.30	-0.19
Calmar ratio: Return relative to maximum drawdown	0.50	3.20	-2.70
Martin ratio: Return relative to average drawdown	1.13	8.90	-7.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMZU vs. UMI - Sharpe Ratio Comparison

The current AMZU Sharpe Ratio is 0.36, which is lower than the UMI Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of AMZU and UMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMZU	UMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	1.71	-1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.62	-0.37

Drawdowns

AMZU vs. UMI - Drawdown Comparison

The maximum AMZU drawdown since its inception was -55.59%, which is greater than UMI's maximum drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for AMZU and UMI.

Drawdown Indicators

	AMZU	UMI	Difference
Max Drawdown Largest peak-to-trough decline	-55.59%	-48.08%	-7.51%
Max Drawdown (1Y) Largest decline over 1 year	-42.98%	-7.50%	-35.48%
Max Drawdown (3Y) Largest decline over 3 years	-55.47%	-17.08%	-38.39%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.05%	—
Current Drawdown Current decline from peak	-20.42%	-4.76%	-15.66%
Average Drawdown Average peak-to-trough decline	-21.91%	-6.60%	-15.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.91%	2.70%	+16.21%

Volatility

AMZU vs. UMI - Volatility Comparison

Direxion Daily AMZN Bull 2X Shares (AMZU) has a higher volatility of 14.41% compared to USCF Midstream Energy Income Fund ETF (UMI) at 5.94%. This indicates that AMZU's price experiences larger fluctuations and is considered to be riskier than UMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZU	UMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.41%	5.94%	+8.47%
Volatility (6M) Calculated over the trailing 6-month period	40.64%	10.98%	+29.66%
Volatility (1Y) Calculated over the trailing 1-year period	59.79%	14.04%	+45.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.16%	19.55%	+39.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.16%	23.20%	+35.96%

AMZU vs. UMI - Expense Ratio Comparison

AMZU has a 1.06% expense ratio, which is higher than UMI's 0.85% expense ratio.

Dividends

AMZU vs. UMI - Dividend Comparison

AMZU's dividend yield for the trailing twelve months is around 5.62%, less than UMI's 5.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	0.00%
UMI USCF Midstream Energy Income Fund ETF	5.98%	6.23%	4.39%	4.67%	4.36%	3.00%	2.18%	2.47%	2.48%	0.15%

Frequently Asked Questions

Can I hold both AMZU and UMI in my portfolio?

AMZU and UMI have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMZU or UMI?

AMZU has higher volatility (14.41%) compared to UMI (5.94%). In terms of maximum drawdown, AMZU dropped -55.59% vs UMI's -48.08%.

Which ETF is better, AMZU or UMI?

On 3-year performance, UMI leads with 27.26% vs 25.11% for AMZU. On fees, UMI is cheaper at 0.85% per year. On volatility, UMI has been the lower-risk option at 5.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZU or UMI?

Over the 3-year period, UMI has performed better with a 27.26% return vs 25.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZU or UMI?

UMI is cheaper with a 0.85% expense ratio, compared with 1.06% for AMZU.

Which ETF pays a higher dividend yield, AMZU or UMI?

UMI has the higher dividend yield at 5.98%, compared with 5.62% for AMZU.

What is the main difference between AMZU and UMI?

AMZU is categorized as Leveraged Equities, while UMI is Energy Equities. They also come from different issuers: Direxion and Wainwright, Inc.. Their fees differ too: 1.06% for AMZU and 0.85% for UMI.

Which has better risk-adjusted returns?

UMI currently has the higher Sharpe Ratio (1.71 vs 0.36), 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.