AMDD vs AMUU: which held to its multiple?
Over three months against its own daily promise, AMDD finished 1.7 points over and AMUU 2.8 points short. Direxion Daily AMD Bear 1X ETF and Direxion Daily AMD Bull 2X ETF.
AMDD costs 0.03 points a year less; their one-year returns differ by 363.9 points; AMUU is 5.4 times larger.
| AMDD | AMUU | |
|---|---|---|
| Expense ratio | 1.03% | 1.06% |
| Net assets, as of Oct 8, 2026 | $21m | $115m |
| Total return, 1 year | −74.5% | +289.4% |
| What it tracks | AMD | AMD |
| Holdings in common | not published | |
| What its daily multiple gave, 3 months | −17.1% | +7.9% |
| What the underlying did, 3 months | AMD 9.0% | AMD 9.0% |
AMDD returned −15.4% while −1 times AMD's move would have been −9.0%. Figures from Jul 10, 2026 to Oct 9, 2026.
AMDD returned −15.4% while −1 times AMD's move would have been −9.0%. Figures from Jul 10, 2026 to Oct 9, 2026.
AMUU returned +5.1% while 2 times AMD's move would have been +18.0%. Figures from Jul 10, 2026 to Oct 9, 2026.
AMUU returned +5.1% while 2 times AMD's move would have been +18.0%. Figures from Jul 10, 2026 to Oct 9, 2026.
AMDD among the 128 inverse ETFs over three months
AMUU among the 517 leveraged ETFs, long, over three months
A percentile among the 128 inverse ETFs over three months. AMUU is a percentile among the 517 leveraged ETFs, long, over three months, a different set, so the two marks are not on one scale. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | AMDD | AMUU | AMDD | AMUU | AMDD | AMUU |
| 1 month | −15.9% | +32.3% | −16.7% | +33.4% | +0.8 pts | −1.1 pts |
| 3 months | −15.4% | +5.1% | −9.0% | +18.0% | −6.4 pts | −12.9 pts |
| 6 months | −68.9% | +351.7% | not meaningful | +296.3% | not meaningful | +55.3 pts |
| 1 year | −74.5% | +289.4% | not meaningful | not meaningful | not meaningful | not meaningful |
| Since launch AMDD Feb 2025 · AMUU Feb 2025 | −90.3% | +1,146.4% | not meaningful | not meaningful | not meaningful | not meaningful |
Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
As of Oct 9, 2026. Source: ETFIQ.
AMDD in plain words
Three months to Oct 9, 2026: AMDD returned −15.4% where its own daily promise gave −17.1%, 1.7 points over. Read the multiple against the whole window instead and −1 times AMD's 9.0% implies −9.0%, which makes AMDD look 6.4 points short. That 6.4 is two pieces: daily compounding, −8.1 points, which happens to any −1 times fund over the same path, and the fund itself, +1.7 points against its own daily promise. AMDD aims to return -1 times AMD's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -1 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. AMD moved at 63% 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.
AMUU in plain words
Three months to Oct 9, 2026: AMUU returned +5.1% where its own daily promise gave +7.9%, 2.8 points short. Read the multiple against the whole window instead and 2 times AMD's 9.0% implies +18.0%, which makes AMUU look 12.9 points short. That 12.9 is two pieces: daily compounding, −10.1 points, which happens to any 2 times fund over the same path, and the fund itself, −2.8 points against its own daily promise. AMUU aims to return +2 times AMD's move each day, then resets. 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.
Questions people ask
- Which came closer to its stated multiple, AMDD or AMUU?
- Over the window to Oct 9, 2026, AMDD finished 6.4 points from what its multiple implies and AMUU finished 12.9 points from its own, so AMDD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are AMDD and AMUU levered on the same thing?
- Yes. Both are levered on Advanced Micro Devices, AMDD at -1 times and AMUU at +2 times the daily move.
- Which one decays faster, AMDD or AMUU?
- Decay follows how much the underlying moves about. Over this window AMDD’s moved at 63% annualized and AMUU’s at 63%, so AMDD has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold AMDD or AMUU 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.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
It is a position in a set, not a rating, and neither end of it is a recommendation.
Every figure is an ETFIQ calculation with distributions reinvested.
ETFIQ, AMDD against AMUU, data as of Oct 9, 2026. https://etfiq.com/compare/leverage/amdd-vs-amuu
ETFIQ. (Oct 9, 2026). AMDD against AMUU. Retrieved from https://etfiq.com/compare/leverage/amdd-vs-amuu
[AMDD against AMUU (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/leverage/amdd-vs-amuu)
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