AMZW vs. AMZU

Last updated Jul 17, 2026

AMZW (Roundhill AMZN WeeklyPay ETF) and AMZU (Direxion Daily AMZN Bull 2X Shares) are both exchange-traded funds - AMZW is a Derivative Income fund actively managed by Roundhill, while AMZU is a Leveraged Equities fund tracking the Amazon.com, Inc. (200%). AMZW is actively managed, while AMZU is passively managed. Over the past year, AMZW returned 8.93% vs 2.10% for AMZU. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.

Performance

AMZW vs. AMZU - Performance Comparison

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

Returns By Period

In the year-to-date period, AMZW achieves a 7.08% return, which is significantly higher than AMZU's 5.12% return.

AMZW

• 1D: -2.39%
• 1M: 1.52%
• 6M: 3.18%
• YTD: 7.08%
• 1Y: 8.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZU

• 1D: -3.94%
• 1M: 1.21%
• 6M: -0.57%
• YTD: 5.12%
• 1Y: 2.10%
• 3Y*: 20.09%
• 5Y*: —
• 10Y*: —

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

AMZW vs. AMZU - Yearly Performance Comparison

	2026 (YTD)	2025
AMZW Roundhill AMZN WeeklyPay ETF	7.08%	7.33%
AMZU Direxion Daily AMZN Bull 2X Shares	5.12%	3.72%

Correlation

The correlation between AMZW and AMZU is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.99

The correlation between AMZW and AMZU has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

AMZW vs. AMZU - Sectors Allocation Comparison

Sectors	AMZW	AMZU
Consumer Cyclical	22.2%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

AMZW vs. AMZU — Risk / Return Rank

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

AMZW

AMZW Risk / Return Rank: 14
AMZW Sharpe Ratio Rank: 13
AMZW Sortino Ratio Rank: 14
AMZW Omega Ratio Rank: 15
AMZW Calmar Ratio Rank: 14
AMZW Martin Ratio Rank: 13

AMZU

AMZU Risk / Return Rank: 11
AMZU Sharpe Ratio Rank: 10
AMZU Sortino Ratio Rank: 13
AMZU Omega Ratio Rank: 13
AMZU Calmar Ratio Rank: 10
AMZU Martin Ratio Rank: 10

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. AMZU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMZN WeeklyPay ETF (AMZW) and Direxion Daily AMZN Bull 2X Shares (AMZU). 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.

	AMZW	AMZU	Difference
Sharpe ratio: Return per unit of total volatility	0.24	0.03	+0.20
Sortino ratio: Return per unit of downside risk	0.60	0.49	+0.11
Omega ratio: Gain probability vs. loss probability	1.07	1.06	+0.01
Calmar ratio: Return relative to maximum drawdown	0.33	0.05	+0.29
Martin ratio: Return relative to average drawdown	0.72	0.10	+0.62

AMZW vs. AMZU - Sharpe Ratio Comparison

The current AMZW Sharpe Ratio is 0.24, which is higher than the AMZU Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of AMZW and AMZU, 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

AMZW vs. AMZU - Drawdown Comparison

The maximum AMZW drawdown since its inception was -26.79%, smaller than the maximum AMZU drawdown of -55.59%. Use the drawdown chart below to compare losses from any high point for AMZW and AMZU.

Drawdown Indicators

	AMZW	AMZU	Difference
Max Drawdown Largest peak-to-trough decline	-26.79%	-55.59%	+28.80%
Max Drawdown (1Y) Largest decline over 1 year	-26.79%	-42.98%	+16.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-55.47%	—
Current Drawdown Current decline from peak	-11.82%	-22.57%	+10.75%
Average Drawdown Average peak-to-trough decline	-9.49%	-22.02%	+12.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.41%	20.65%	-8.24%

Volatility

AMZW vs. AMZU - Volatility Comparison

The current volatility for Roundhill AMZN WeeklyPay ETF (AMZW) is 11.54%, while Direxion Daily AMZN Bull 2X Shares (AMZU) has a volatility of 19.90%. This indicates that AMZW experiences smaller price fluctuations and is considered to be less risky than AMZU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZW	AMZU	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.54%	19.90%	-8.36%
Volatility (6M) Calculated over the trailing 6-month period	26.54%	44.22%	-17.68%
Volatility (1Y) Calculated over the trailing 1-year period	37.79%	62.23%	-24.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.08%	59.35%	-22.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.08%	59.35%	-22.27%

AMZW vs. AMZU - Expense Ratio Comparison

Both AMZW and AMZU have an expense ratio of 0.99%.

Dividends

AMZW vs. AMZU - Dividend Comparison

AMZW's dividend yield for the trailing twelve months is around 45.90%, more than AMZU's 5.55% yield.

Position	TTM	2025	2024	2023	2022
AMZU Direxion Daily AMZN Bull 2X Shares	5.55%	6.12%	3.79%	3.37%	0.50%
AMZW Roundhill AMZN WeeklyPay ETF	45.90%	25.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMZW and AMZU in my portfolio?

With a correlation of 0.99, AMZW and AMZU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AMZW or AMZU?

AMZU has higher volatility (19.90%) compared to AMZW (11.54%). In terms of maximum drawdown, AMZW dropped -26.79% vs AMZU's -55.59%.

Which ETF is better, AMZW or AMZU?

On 1-year performance, AMZW leads with 8.93% vs 2.10% for AMZU. Both ETFs have the same 0.99% expense ratio. On volatility, AMZW has been the lower-risk option at 11.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZW or AMZU?

Over the 1-year period, AMZW has performed better with a 8.93% return vs 2.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZW or AMZU?

AMZW and AMZU have the same expense ratio: 0.99% per year.

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

AMZW has the higher dividend yield at 45.90%, compared with 5.55% for AMZU.

What is the main difference between AMZW and AMZU?

AMZW is categorized as Derivative Income, while AMZU is Leveraged Equities. They also come from different issuers: Roundhill and Direxion.

Which has better risk-adjusted returns?

AMZW currently has the higher Sharpe Ratio (0.24 vs 0.03), 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.