AMZZ vs. AMZU
Compare and contrast key facts about GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Direxion Daily AMZN Bull 2X Shares (AMZU).
AMZZ and AMZU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZZ is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024. AMZU is a passively managed fund by Direxion that tracks the performance of the Amazon.com, Inc. (150%). It was launched on Sep 6, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZZ or AMZU.
Correlation
The correlation between AMZZ and AMZU is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AMZZ vs. AMZU - Performance Comparison
Key characteristics
AMZZ:
-0.07
AMZU:
-0.11
AMZZ:
0.37
AMZU:
0.32
AMZZ:
1.05
AMZU:
1.04
AMZZ:
-0.09
AMZU:
-0.13
AMZZ:
-0.24
AMZU:
-0.34
AMZZ:
21.37%
AMZU:
21.48%
AMZZ:
67.17%
AMZU:
66.76%
AMZZ:
-55.28%
AMZU:
-55.59%
AMZZ:
-44.22%
AMZU:
-44.48%
Returns By Period
The year-to-date returns for both stocks are quite close, with AMZZ having a -32.87% return and AMZU slightly lower at -33.36%.
AMZZ
-32.87%
-9.30%
-14.17%
-12.25%
N/A
N/A
AMZU
-33.36%
-9.46%
-15.24%
-14.34%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AMZZ vs. AMZU - Expense Ratio Comparison
AMZZ has a 1.15% expense ratio, which is higher than AMZU's 1.06% expense ratio.
Risk-Adjusted Performance
AMZZ vs. AMZU — Risk-Adjusted Performance Rank
AMZZ
AMZU
AMZZ vs. AMZU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) 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.
Dividends
AMZZ vs. AMZU - Dividend Comparison
AMZZ has not paid dividends to shareholders, while AMZU's dividend yield for the trailing twelve months is around 5.68%.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
AMZZ GraniteShares 2x Long AMZN Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
AMZU Direxion Daily AMZN Bull 2X Shares | 5.68% | 3.79% | 3.37% | 0.50% |
Drawdowns
AMZZ vs. AMZU - Drawdown Comparison
The maximum AMZZ drawdown since its inception was -55.28%, roughly equal to the maximum AMZU drawdown of -55.59%. Use the drawdown chart below to compare losses from any high point for AMZZ and AMZU. For additional features, visit the drawdowns tool.
Volatility
AMZZ vs. AMZU - Volatility Comparison
GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Direxion Daily AMZN Bull 2X Shares (AMZU) have volatilities of 38.05% and 37.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.