Data as of .
AMAA vs AMZU: which held to its multiple?
Over the days both have traded, AMAA finished 1.0 points from its stated multiple and AMZU 1.1.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| AMAA | AMZU | AMAA | AMZU | AMAA | AMZU | |
| 1 month | −8.9% | −9.0% | −7.9% | −7.9% | −1.0 pts | −1.1 pts |
| 3 months | not published | +8.3% | not published | +15.3% | not published | −7.0 pts |
| 6 months | not published | +36.2% | not published | +47.3% | not published | −11.1 pts |
| 1 year | not published | +0.1% | not published | +23.3% | not published | −23.2 pts |
| 3 years | not published | +62.7% | not published | +163.6% | not published | −100.9 pts |
| Since launch | +10.0% | +63.9% | +15.5% | +196.6% | −5.5 pts | −132.7 pts |
| AMAA Corgi AMZN 2x Daily ETF Aims to return twice the daily move of Amazon.com (AMZN) | AMZU Direxion Daily AMZN Bull 2X ETF Aims to return twice the daily move of Amazon.com (AMZN) | |
|---|---|---|
| Issuer | Corgi | Direxion |
| Sets out to return | +2x | +2x |
| On | AMZN | AMZN |
| Segment | company | company |
| Fund returned, 3 months | −8.9% | +8.3% |
| Underlying returned, 3 months | −3.9% | +7.6% |
| What the stated multiple implies, 3 months | −7.9% | +15.3% |
| Difference from stated, 3 months | −1.0 pts | −7.0 pts |
| Fund returned, 1 year or since launch | +10.0% | +0.1% |
| Difference from stated, over that window | −5.5 pts | −23.2 pts |
| Underlying volatility | 25% | 44% |
| Difference over the days both have traded | −1.0 pts | −1.1 pts |
| Expense ratio | 0.45% | 0.99% |
| Launched | Jun 30, 2026 | Sep 7, 2022 |
AMAA in plain words
One month to Sep 11, 2026: AMAA returned −8.9% where its own daily promise gave −8.2%, 0.7 points short. Read the multiple against the whole window instead and +2 times AMZN's −3.9% implies −7.9%, which makes AMAA look 1.0 points short. 0.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AMAA aims to return +2 times AMZN's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. AMZN moved at 25% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
AMZU in plain words
Three months to Sep 11, 2026: AMZU returned +8.3% where its own daily promise gave +11.2%, 2.8 points short. Read the multiple against the whole window instead and +2 times AMZN's 7.6% implies +15.3%, which makes AMZU look 7.0 points short. 4.1 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AMZU aims to return +2 times AMZN's move each day, then resets. AMZN moved at 44% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, AMAA or AMZU?
- Over the window to Sep 11, 2026, AMAA finished 1.0 points from what its multiple implies and AMZU finished 7.0 points from its own, so AMAA came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are AMAA and AMZU levered on the same thing?
- Yes. Both are levered on Amazon.com, AMAA at +2 times and AMZU at +2 times the daily move.
- Which one decays faster, AMAA or AMZU?
- Decay follows how much the underlying moves about. Over this window AMAA’s moved at 25% annualized and AMZU’s at 44%, so AMZU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold AMAA or AMZU for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, AMAA or AMZU?
- AMAA charges 0.45% a year and AMZU charges 0.99%, so AMAA is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, AMAA against AMZU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/AMAA-AMZU Free to use with attribution; the underlying files are at Open data.