YQQQ vs. AMZD
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 -5.69% vs -25.04% for AMZD. Their 0.64 correlation means they have sometimes moved together and sometimes differently. YQQQ charges 0.99%/yr vs 1.09%/yr for AMZD.
Performance
YQQQ vs. AMZD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, YQQQ achieves a -2.27% return, which is significantly higher than AMZD's -18.67% return.
YQQQ
- 1D
- -0.25%
- 1M
- 3.85%
- 6M
- -3.32%
- YTD
- -2.27%
- 1Y
- -5.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -8.84%
AMZD
- 1D
- -15.20%
- 1M
- -13.01%
- 6M
- -15.74%
- YTD
- -18.67%
- 1Y
- -25.04%
- 3Y*
- -24.09%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $135.48M | $132.64M | $131.29M | |
| $672.47K | $456.85K | $596.52K |
YQQQ vs. AMZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YQQQ YieldMax Short N100 Option Income Strategy ETF | -2.27% | -9.97% | -5.17% |
AMZD Direxion Daily AMZN Bear 1X Shares | -18.67% | -9.84% | -22.83% |
Correlation
The correlation between YQQQ and AMZD is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024 | 0.64 |
The correlation between YQQQ and AMZD has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
YQQQ vs. AMZD — Risk / Return Rank
YQQQ
AMZD
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 ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.93 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.65 | +0.45 |
| Martin ratioReturn relative to average drawdown | -0.44 | -1.37 | +0.93 |
Loading charts...
Drawdowns
YQQQ vs. AMZD - Drawdown Comparison
The maximum YQQQ drawdown since its inception was -29.10%, smaller than the maximum AMZD drawdown of -73.54%. Use the drawdown chart below to compare losses from any high point for YQQQ and AMZD.
Loading charts...
Drawdown Indicators
| YQQQ | AMZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.10% | -73.54% | +44.44% |
Max Drawdown (1Y)Largest decline over 1 year | -21.80% | -29.56% | +7.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -59.93% | — |
Current DrawdownCurrent decline from peak | -22.91% | -73.54% | +50.63% |
Average DrawdownAverage peak-to-trough decline | -15.15% | -49.89% | +34.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.05% | 14.01% | -3.96% |
Volatility
YQQQ vs. AMZD - Volatility Comparison
The current volatility for YieldMax Short N100 Option Income Strategy ETF (YQQQ) is 4.48%, while Direxion Daily AMZN Bear 1X Shares (AMZD) has a volatility of 18.51%. 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.
Loading charts...
Volatility by Period
| YQQQ | AMZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 18.51% | -14.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 27.88% | -15.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 35.31% | -21.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 34.25% | -17.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 34.25% | -17.71% |
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 28.92%, more than AMZD's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | 3.81% | 3.61% | 5.15% | 6.83% | 2.45% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 28.92% | 31.71% | 7.88% | 0.00% | 0.00% |
Frequently Asked Questions
YQQQ and AMZD have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZD has higher volatility (18.51%) compared to YQQQ (4.48%). In terms of maximum drawdown, YQQQ dropped -29.10% vs AMZD's -73.54%.
On 1-year performance, YQQQ leads with -5.69% vs -25.04% for AMZD. On fees, YQQQ is cheaper at 0.99% per year. On volatility, YQQQ has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YQQQ has performed better with a -5.69% return vs -25.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YQQQ is cheaper with a 0.99% expense ratio, compared with 1.09% for AMZD.
YQQQ has the higher dividend yield at 28.92%, compared with 3.81% for 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.
YQQQ currently has the higher Sharpe Ratio (-0.31 vs -0.54), 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.
Find the right allocation for YQQQ and AMZD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer