FAZ vs. AMDG
FAZ (Direxion Daily Financial Bear 3X Shares) and AMDG (Leverage Shares 2X Long AMD Daily ETF) are both Leveraged Equities funds. FAZ is passively managed, while AMDG is actively managed. Over the past year, FAZ returned 0.55% vs 1172.87% for AMDG. At a correlation of -0.21, they often move in opposite directions. FAZ charges 1.07%/yr vs 0.75%/yr for AMDG.
Performance
FAZ vs. AMDG - Performance Comparison
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Returns By Period
In the year-to-date period, FAZ achieves a 22.66% return, which is significantly lower than AMDG's 391.03% return.
FAZ
- 1D
- 3.45%
- 1M
- 5.24%
- YTD
- 22.66%
- 6M
- 14.22%
- 1Y
- 0.55%
- 3Y*
- -36.72%
- 5Y*
- -26.05%
- 10Y*
- -42.81%
AMDG
- 1D
- 7.70%
- 1M
- 134.89%
- YTD
- 391.03%
- 6M
- 367.32%
- 1Y
- 1,172.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAZ vs. AMDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 22.66% | -27.01% |
AMDG Leverage Shares 2X Long AMD Daily ETF | 391.03% | 96.98% |
Correlation
The correlation between FAZ and AMDG is -0.11, 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 (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2025 | -0.21 |
The correlation between FAZ and AMDG shifts across timeframes, from -0.21 (all time) to -0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FAZ vs. AMDG — Risk / Return Rank
FAZ
AMDG
FAZ vs. AMDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bear 3X Shares (FAZ) and Leverage Shares 2X Long AMD Daily ETF (AMDG). 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.
| FAZ | AMDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.40 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.63 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | 20.99 | -20.98 |
| Martin ratioReturn relative to average drawdown | 0.03 | 41.10 | -41.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAZ | AMDG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.01 | 9.15 | -9.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.72 | 3.36 | -4.09 |
Drawdowns
FAZ vs. AMDG - Drawdown Comparison
The maximum FAZ drawdown since its inception was -100.00%, which is greater than AMDG's maximum drawdown of -63.04%. Use the drawdown chart below to compare losses from any high point for FAZ and AMDG.
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Drawdown Indicators
| FAZ | AMDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -63.04% | -36.96% |
Max Drawdown (1Y)Largest decline over 1 year | -30.20% | -56.48% | +26.28% |
Max Drawdown (3Y)Largest decline over 3 years | -83.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -87.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.78% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | 0.00% | -100.00% |
Average DrawdownAverage peak-to-trough decline | -99.14% | -25.70% | -73.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.58% | 28.80% | -12.22% |
Volatility
FAZ vs. AMDG - Volatility Comparison
The current volatility for Direxion Daily Financial Bear 3X Shares (FAZ) is 9.30%, while Leverage Shares 2X Long AMD Daily ETF (AMDG) has a volatility of 45.35%. This indicates that FAZ experiences smaller price fluctuations and is considered to be less risky than AMDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAZ | AMDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.30% | 45.35% | -36.05% |
Volatility (6M)Calculated over the trailing 6-month period | 32.18% | 94.94% | -62.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.09% | 129.64% | -86.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.83% | 130.26% | -74.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.07% | 130.26% | -68.19% |
FAZ vs. AMDG - Expense Ratio Comparison
FAZ has a 1.07% expense ratio, which is higher than AMDG's 0.75% expense ratio.
Dividends
FAZ vs. AMDG - Dividend Comparison
FAZ's dividend yield for the trailing twelve months is around 2.77%, more than AMDG's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AMDG Leverage Shares 2X Long AMD Daily ETF | 2.28% | 11.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FAZ Direxion Daily Financial Bear 3X Shares | 2.77% | 5.07% | 7.34% | 4.88% | 0.00% | 0.00% | 0.62% | 1.63% | 0.56% |
Frequently Asked Questions
FAZ and AMDG have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDG has higher volatility (45.35%) compared to FAZ (9.30%). In terms of maximum drawdown, FAZ dropped -100.00% vs AMDG's -63.04%.
On 1-year performance, AMDG leads with 1172.87% vs 0.55% for FAZ. On fees, AMDG is cheaper at 0.75% per year. On volatility, FAZ has been the lower-risk option at 9.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AMDG has performed better with a 1172.87% return vs 0.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AMDG is cheaper with a 0.75% expense ratio, compared with 1.07% for FAZ.
FAZ has the higher dividend yield at 2.77%, compared with 2.28% for AMDG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.07% for FAZ and 0.75% for AMDG.
AMDG currently has the higher Sharpe Ratio (9.15 vs 0.01), 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.
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