AMZW vs. AMZD

Last updated Jun 4, 2026

AMZW (Roundhill AMZN WeeklyPay ETF) and AMZD (Direxion Daily AMZN Bear 1X Shares) are both exchange-traded funds - AMZW is a Derivative Income fund actively managed by Roundhill, while AMZD is a Inverse Equities fund tracking the Amazon.com, Inc. (-100%). AMZW is actively managed, while AMZD is passively managed. At a correlation of -0.99, they often move in opposite directions. AMZW charges 0.99%/yr vs 1.09%/yr for AMZD.

Performance

AMZW vs. AMZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AMZN WeeklyPay ETF (AMZW) and Direxion Daily AMZN Bear 1X Shares (AMZD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZW achieves a 7.52% return, which is significantly higher than AMZD's -8.90% return.

AMZW

• 1D: -3.13%
• 1M: -10.10%
• YTD: 7.52%
• 6M: 6.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZD

• 1D: 2.47%
• 1M: 8.70%
• YTD: -8.90%
• 6M: -8.11%
• 1Y: -19.87%
• 3Y*: -22.66%
• 5Y*: —
• 10Y*: —

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

AMZW vs. AMZD - Yearly Performance Comparison

	2026 (YTD)	2025
AMZW Roundhill AMZN WeeklyPay ETF	7.52%	7.33%
AMZD Direxion Daily AMZN Bear 1X Shares	-8.90%	-9.18%

Correlation

The correlation between AMZW and AMZD is -0.99, 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 (All Time) Calculated using the full available price history since Jun 20, 2025	-0.99

Return for Risk

AMZW vs. AMZD — Risk / Return Rank

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

AMZD

AMZD Risk / Return Rank: 3
AMZD Sharpe Ratio Rank: 3
AMZD Sortino Ratio Rank: 4
AMZD Omega Ratio Rank: 3
AMZD Calmar Ratio Rank: 3
AMZD Martin Ratio Rank: 1

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.

AMZW vs. AMZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMZN WeeklyPay ETF (AMZW) and Direxion Daily AMZN Bear 1X Shares (AMZD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AMZW	AMZD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	-0.59	+1.03

Drawdowns

AMZW vs. AMZD - Drawdown Comparison

The maximum AMZW drawdown since its inception was -26.79%, smaller than the maximum AMZD drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for AMZW and AMZD.

Drawdown Indicators

	AMZW	AMZD	Difference
Max Drawdown Largest peak-to-trough decline	-26.79%	-73.05%	+46.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.27%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-59.20%	—
Current Drawdown Current decline from peak	-11.45%	-70.36%	+58.91%
Average Drawdown Average peak-to-trough decline	-8.89%	-49.11%	+40.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.24%	—

Volatility

Volatility by Period

	AMZW	AMZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.99%	30.15%	+6.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.99%	33.41%	+3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.99%	33.41%	+3.58%

AMZW vs. AMZD - Expense Ratio Comparison

AMZW has a 0.99% expense ratio, which is lower than AMZD's 1.09% expense ratio.

Dividends

AMZW vs. AMZD - Dividend Comparison

AMZW's dividend yield for the trailing twelve months is around 43.04%, more than AMZD's 3.44% yield.

Position	TTM	2025	2024	2023	2022
AMZD Direxion Daily AMZN Bear 1X Shares	3.44%	3.61%	5.15%	6.83%	2.45%
AMZW Roundhill AMZN WeeklyPay ETF	43.04%	25.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMZW and AMZD in my portfolio?

AMZW and AMZD have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMZW or AMZD?

On fees, AMZW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMZW or AMZD?

AMZW is cheaper with a 0.99% expense ratio, compared with 1.09% for AMZD.

Which ETF pays a higher dividend yield, AMZW or AMZD?

AMZW has the higher dividend yield at 43.04%, compared with 3.44% for AMZD.

What is the main difference between AMZW and AMZD?

AMZW is categorized as Derivative Income, while AMZD is Inverse Equities. They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.99% for AMZW and 1.09% for AMZD.