AMZU vs. WNTR

Last updated Aug 2, 2026

AMZU (Direxion Daily AMZN Bull 2X Shares) and WNTR (YieldMax MSTR Short Option Income Strategy ETF) are both exchange-traded funds - AMZU is a Leveraged Equities fund tracking the Amazon.com, Inc. (200%), while WNTR is a Derivative Income fund actively managed by YieldMax. AMZU is passively managed, while WNTR is actively managed. Over the past year, AMZU returned 28.33% vs 107.38% for WNTR. Their -0.32 correlation means they have often moved in opposite directions in the past. AMZU charges 0.99%/yr vs 1.00%/yr for WNTR.

Performance

AMZU vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AMZN Bull 2X Shares (AMZU) and YieldMax MSTR Short Option Income Strategy ETF (WNTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZU achieves a 20.75% return, which is significantly higher than WNTR's 10.75% 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%

WNTR

• 1D: 3.26%
• 1M: 8.13%
• 6M: 14.92%
• YTD: 10.75%
• 1Y: 107.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMZU Direxion Daily AMZN Bull 2X Shares	$124.23M	$117.55M	$117.81M
WNTR YieldMax MSTR Short Option Income Strategy ETF	$4.02M	$3.86M	$3.95M

AMZU vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
AMZU Direxion Daily AMZN Bull 2X Shares	20.75%	9.83%
WNTR YieldMax MSTR Short Option Income Strategy ETF	10.75%	52.78%

Correlation

The correlation between AMZU and WNTR is -0.33, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.33
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.32

Return for Risk

AMZU vs. WNTR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMZU

AMZU Risk / Return Rank: 16
AMZU Sharpe Ratio Rank: 13
AMZU Sortino Ratio Rank: 20
AMZU Omega Ratio Rank: 20
AMZU Calmar Ratio Rank: 13
AMZU Martin Ratio Rank: 13

WNTR

WNTR Risk / Return Rank: 75
WNTR Sharpe Ratio Rank: 88
WNTR Sortino Ratio Rank: 74
WNTR Omega Ratio Rank: 77
WNTR Calmar Ratio Rank: 77
WNTR Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMZU vs. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bull 2X Shares (AMZU) and YieldMax MSTR Short Option Income Strategy ETF (WNTR). 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	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	0.10	2.12	-2.02
Sortino ratio: Return per unit of downside risk	0.69	2.37	-1.69
Omega ratio: Gain probability vs. loss probability	1.08	1.32	-0.23
Calmar ratio: Return relative to maximum drawdown	0.17	2.71	-2.55
Martin ratio: Return relative to average drawdown	0.33	6.87	-6.53

AMZU vs. WNTR - Sharpe Ratio Comparison

The current AMZU Sharpe Ratio is 0.10, which is lower than the WNTR Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of AMZU and WNTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMZU vs. WNTR - Drawdown Comparison

The maximum AMZU drawdown since its inception was -55.59%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for AMZU and WNTR.

Drawdown Indicators

	AMZU	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-55.59%	-42.65%	-12.94%
Max Drawdown (1Y) Largest decline over 1 year	-42.98%	-42.65%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-55.47%	—	—
Current Drawdown Current decline from peak	-11.06%	-9.64%	-1.42%
Average Drawdown Average peak-to-trough decline	-22.09%	-20.18%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.42%	16.81%	+4.61%

Volatility

AMZU vs. WNTR - Volatility Comparison

Direxion Daily AMZN Bull 2X Shares (AMZU) has a higher volatility of 31.08% compared to YieldMax MSTR Short Option Income Strategy ETF (WNTR) at 14.85%. This indicates that AMZU's price experiences larger fluctuations and is considered to be riskier than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZU	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.08%	14.85%	+16.23%
Volatility (6M) Calculated over the trailing 6-month period	52.00%	47.43%	+4.57%
Volatility (1Y) Calculated over the trailing 1-year period	70.05%	54.68%	+15.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.30%	53.42%	+7.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.30%	53.42%	+7.88%

AMZU vs. WNTR - Expense Ratio Comparison

AMZU has a 0.99% expense ratio, which is lower than WNTR's 1.00% expense ratio.

Dividends

AMZU vs. WNTR - Dividend Comparison

AMZU's dividend yield for the trailing twelve months is around 4.83%, less than WNTR's 107.02% yield.

Position	TTM	2025	2024	2023	2022
AMZU Direxion Daily AMZN Bull 2X Shares	4.83%	6.12%	3.79%	3.37%	0.50%
WNTR YieldMax MSTR Short Option Income Strategy ETF	107.02%	58.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMZU and WNTR in my portfolio?

AMZU and WNTR have a correlation of -0.33, 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 WNTR?

AMZU has higher volatility (31.08%) compared to WNTR (14.85%). In terms of maximum drawdown, AMZU dropped -55.59% vs WNTR's -42.65%.

Which ETF is better, AMZU or WNTR?

On 1-year performance, WNTR leads with 107.38% vs 28.33% for AMZU. On fees, AMZU is cheaper at 0.99% per year. On volatility, WNTR has been the lower-risk option at 14.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZU or WNTR?

Over the 1-year period, WNTR has performed better with a 107.38% return vs 28.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZU or WNTR?

AMZU is cheaper with a 0.99% expense ratio, compared with 1.00% for WNTR.

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

WNTR has the higher dividend yield at 107.02%, compared with 4.83% for AMZU.

What is the main difference between AMZU and WNTR?

AMZU is categorized as Leveraged Equities, while WNTR is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 0.99% for AMZU and 1.00% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.12 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.