AMZZ vs. AMZU

Last updated Apr 1, 2026

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.

Performance

AMZZ vs. AMZU - Performance Comparison

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

AMZZ vs. AMZU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMZZ GraniteShares 2x Long AMZN Daily ETF	-22.23%	-8.94%	38.36%
AMZU Direxion Daily AMZN Bull 2X Shares	-22.67%	-11.59%	33.68%

Returns By Period

The year-to-date returns for both stocks are quite close, with AMZZ having a -22.23% return and AMZU slightly lower at -22.67%.

AMZZ

• 1D: 7.15%
• 1M: -3.19%
• YTD: -22.23%
• 6M: -17.74%
• 1Y: -1.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZU

• 1D: 7.35%
• 1M: -3.38%
• YTD: -22.67%
• 6M: -19.01%
• 1Y: -4.67%
• 3Y*: 22.09%
• 5Y*: —
• 10Y*: —

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

AMZZ vs. AMZU - Expense Ratio Comparison

AMZZ has a 1.15% expense ratio, which is higher than AMZU's 1.06% expense ratio.

AMZZ

GraniteShares 2x Long AMZN Daily ETF

AMZU

Direxion Daily AMZN Bull 2X Shares

Return for Risk

AMZZ vs. AMZU — Risk / Return Rank

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

AMZZ

AMZZ Risk / Return Rank: 14
AMZZ Sharpe Ratio Rank: 12
AMZZ Sortino Ratio Rank: 19
AMZZ Omega Ratio Rank: 19
AMZZ Calmar Ratio Rank: 11
AMZZ Martin Ratio Rank: 10

AMZU

AMZU Risk / Return Rank: 13
AMZU Sharpe Ratio Rank: 11
AMZU Sortino Ratio Rank: 18
AMZU Omega Ratio Rank: 17
AMZU Calmar Ratio Rank: 10
AMZU Martin Ratio Rank: 9

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.

AMZZ vs. AMZU - Risk-Adjusted Trends 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.

	AMZZ	AMZU	Difference
Sharpe ratio Return per unit of total volatility	-0.03	-0.07	+0.04
Sortino ratio Return per unit of downside risk	0.47	0.41	+0.06
Omega ratio Gain probability vs. loss probability	1.06	1.05	+0.01
Calmar ratio Return relative to maximum drawdown	-0.10	-0.17	+0.06
Martin ratio Return relative to average drawdown	-0.23	-0.38	+0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMZZ vs. AMZU - Sharpe Ratio Comparison

The current AMZZ Sharpe Ratio is -0.03, which is higher than the AMZU Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of AMZZ and AMZU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMZZ	AMZU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	-0.07	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.09	-0.10

Correlation

The correlation between AMZZ and AMZU is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

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 7.85%.

	TTM	2025	2024	2023	2022
AMZZ GraniteShares 2x Long AMZN Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%
AMZU Direxion Daily AMZN Bull 2X Shares	7.85%	6.12%	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.

Drawdown Indicators

	AMZZ	AMZU	Difference
Max Drawdown Largest peak-to-trough decline	-55.28%	-55.59%	+0.31%
Max Drawdown (1Y) Largest decline over 1 year	-41.97%	-42.98%	+1.01%
Current Drawdown Current decline from peak	-41.16%	-43.05%	+1.89%
Average Drawdown Average peak-to-trough decline	-20.86%	-22.23%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.47%	18.81%	-0.34%

Volatility

AMZZ vs. AMZU - Volatility Comparison

The current volatility for GraniteShares 2x Long AMZN Daily ETF (AMZZ) is 18.27%, while Direxion Daily AMZN Bull 2X Shares (AMZU) has a volatility of 19.26%. This indicates that AMZZ 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

	AMZZ	AMZU	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.27%	19.26%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	44.76%	45.13%	-0.37%
Volatility (1Y) Calculated over the trailing 1-year period	69.49%	69.55%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.25%	59.28%	+3.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.25%	59.28%	+3.97%