YQQQ vs. AMZD

Last updated Jun 20, 2026

YQQQ (YieldMax Short N100 Option Income Strategy ETF) and AMZD (Direxion Daily AMZN Bear 1X Shares) are both exchange-traded funds - YQQQ is a Derivative Income fund actively managed by YieldMax, while AMZD is a Inverse Equities fund tracking the Amazon.com, Inc. (-100%). YQQQ is actively managed, while AMZD is passively managed. Over the past year, YQQQ returned -15.46% vs -15.53% for AMZD. A 0.66 correlation means they provide meaningful diversification when combined. YQQQ charges 0.99%/yr vs 1.09%/yr for AMZD.

Performance

YQQQ vs. AMZD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Short N100 Option Income Strategy ETF (YQQQ) 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, YQQQ achieves a -9.70% return, which is significantly lower than AMZD's -7.00% return.

YQQQ

• 1D: -2.31%
• 1M: -4.23%
• YTD: -9.70%
• 6M: -9.19%
• 1Y: -15.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZD

• 1D: -2.85%
• 1M: 8.07%
• YTD: -7.00%
• 6M: -8.20%
• 1Y: -15.53%
• 3Y*: -21.88%
• 5Y*: —
• 10Y*: —

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

YQQQ vs. AMZD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YQQQ YieldMax Short N100 Option Income Strategy ETF	-9.70%	-9.97%	-5.17%
AMZD Direxion Daily AMZN Bear 1X Shares	-7.00%	-9.84%	-22.83%

Correlation

The correlation between YQQQ and AMZD is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024	0.66

The correlation between YQQQ and AMZD has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

Return for Risk

YQQQ vs. AMZD — Risk / Return Rank

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

YQQQ

YQQQ Risk / Return Rank: 1
YQQQ Sharpe Ratio Rank: 1
YQQQ Sortino Ratio Rank: 1
YQQQ Omega Ratio Rank: 1
YQQQ Calmar Ratio Rank: 3
YQQQ Martin Ratio Rank: 0

AMZD

AMZD Risk / Return Rank: 4
AMZD Sharpe Ratio Rank: 5
AMZD Sortino Ratio Rank: 5
AMZD Omega Ratio Rank: 5
AMZD Calmar Ratio Rank: 4
AMZD Martin Ratio Rank: 3

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.

YQQQ vs. AMZD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Short N100 Option Income Strategy ETF (YQQQ) 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.

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.

	YQQQ	AMZD	Difference
Sharpe ratio: Return per unit of total volatility	-1.15	-0.51	-0.64
Sortino ratio: Return per unit of downside risk	-1.55	-0.55	-1.00
Omega ratio: Gain probability vs. loss probability	0.82	0.93	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.71	-0.55	-0.16
Martin ratio: Return relative to average drawdown	-1.64	-1.17	-0.47

YQQQ vs. AMZD - Sharpe Ratio Comparison

The current YQQQ Sharpe Ratio is -1.15, which is lower than the AMZD Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of YQQQ and AMZD, 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

YQQQ vs. AMZD - Drawdown Comparison

The maximum YQQQ drawdown since its inception was -29.10%, smaller than the maximum AMZD drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for YQQQ and AMZD.

Drawdown Indicators

	YQQQ	AMZD	Difference
Max Drawdown Largest peak-to-trough decline	-29.10%	-73.05%	+43.95%
Max Drawdown (1Y) Largest decline over 1 year	-21.80%	-28.27%	+6.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-59.20%	—
Current Drawdown Current decline from peak	-28.77%	-69.74%	+40.97%
Average Drawdown Average peak-to-trough decline	-14.52%	-49.29%	+34.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.46%	13.35%	-3.89%

Volatility

YQQQ vs. AMZD - Volatility Comparison

The current volatility for YieldMax Short N100 Option Income Strategy ETF (YQQQ) is 5.65%, while Direxion Daily AMZN Bear 1X Shares (AMZD) has a volatility of 9.63%. This indicates that YQQQ experiences smaller price fluctuations and is considered to be less risky than AMZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YQQQ	AMZD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	9.63%	-3.98%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	21.41%	-10.41%
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	30.71%	-17.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	33.41%	-16.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	33.41%	-16.88%

YQQQ vs. AMZD - Expense Ratio Comparison

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

Dividends

YQQQ vs. AMZD - Dividend Comparison

YQQQ's dividend yield for the trailing twelve months is around 30.95%, more than AMZD's 3.37% yield.

Position	TTM	2025	2024	2023	2022
AMZD Direxion Daily AMZN Bear 1X Shares	3.37%	3.61%	5.15%	6.83%	2.45%
YQQQ YieldMax Short N100 Option Income Strategy ETF	30.95%	31.71%	7.88%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YQQQ and AMZD in my portfolio?

YQQQ and AMZD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YQQQ or AMZD?

AMZD has higher volatility (9.63%) compared to YQQQ (5.65%). In terms of maximum drawdown, YQQQ dropped -29.10% vs AMZD's -73.05%.

Which ETF is better, YQQQ or AMZD?

On 1-year performance, YQQQ leads with -15.46% vs -15.53% for AMZD. On fees, YQQQ is cheaper at 0.99% per year. On volatility, YQQQ has been the lower-risk option at 5.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YQQQ or AMZD?

Over the 1-year period, YQQQ has performed better with a -15.46% return vs -15.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YQQQ or AMZD?

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

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

YQQQ has the higher dividend yield at 30.95%, compared with 3.37% for AMZD.

What is the main difference between YQQQ and AMZD?

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

Which has better risk-adjusted returns?

AMZD currently has the higher Sharpe Ratio (-0.51 vs -1.15), 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.