Which came closer to its stated multiple, AMUU or DAMD?

Over the window to Sep 30, 2026, AMUU finished 14.5 points from what its multiple implies and DAMD finished 18.1 points from its own, so AMUU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AMUU and DAMD levered on the same thing?

Yes. Both are levered on Advanced Micro Devices, AMUU at +2 times and DAMD at -2 times the daily move.

Which one decays faster, AMUU or DAMD?

Decay follows how much the underlying moves about. Over this window AMUU’s moved at 67% annualized and DAMD’s at 67%, so AMUU has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold AMUU or DAMD 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, AMUU or DAMD?

AMUU charges 1.06% a year and DAMD charges 1.30%, so AMUU is cheaper. Fees come from each fund's prospectus.

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AMUU vs DAMD: which held to its multiple?

Over three months against its own daily promise, AMUU finished 3.2 points short and DAMD 0.3 points over. Direxion Daily AMD Bull 2X ETF and Defiance Daily Target 2X Short AMD ETF.

+11.7%

AMUU returned, 3 months

−44.3%

DAMD returned, 3 months

−14.5 pts

AMUU from its stated multiple

−18.1 pts

DAMD from its stated multiple

AMUU · 3 months to Sep 30, 202614.5 pts short of its stated multiple

AMUU returned +11.7% while 2 times AMD's move would have been +26.2%

DAMD · 3 months to Sep 30, 202618.1 pts short of its stated multiple

DAMD returned −44.3% while −2 times AMD's move would have been −26.2%

ETFIQ Decay Resistance Score · AMUU scores higherDid it keep up with its own daily multiple, compounded day by day?

AMUU among the 470 leveraged ETFs, long, over three months

AMUU 35.6

0.1, the lowest in this set99.9, the highest

DAMD among the 125 inverse ETFs over three months

DAMD 23.2

0.4, the lowest in this set99.6, the highest

A percentile among the 470 leveraged ETFs, long, over three months. DAMD is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →

Performance, window by window

	Total return		Multiple would give		Difference
Window	AMUU	DAMD	AMUU	DAMD	AMUU	DAMD
1 month	+63.2%	−46.0%	+59.9%	−59.9%	+3.3 pts	+13.9 pts
3 months	+11.7%	−44.3%	+26.2%	−26.2%	−14.5 pts	−18.1 pts
6 months	+519.2%	−95.3%	not meaningful	not meaningful	not meaningful	not meaningful
1 year	+678.3%	not published	not meaningful	not published	not meaningful	not published
Since launch AMUU Feb 2025 · DAMD Nov 2025	+1168.2%	−95.6%	not meaningful	not meaningful	not meaningful	not meaningful

AMUU and DAMD over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

AMUU

Direxion Daily AMD Bull 2X ETF · Aims to return twice the daily move of Advanced Micro Devices (AMD)

DAMD

Defiance Daily Target 2X Short AMD ETF · Aims to return twice the opposite of the daily move of Advanced Micro Devices (AMD)

Issuer Direxion Defiance

Sets out to return +2x -2x

Underlying asset AMD AMD

Segment company company

Fund returned, 3 months or since launch +11.7% −44.3%

Underlying returned, over that window +13.1% +13.1%

What the stated multiple implies, over that window +26.2% −26.2%

Difference from stated, over that window −14.5 pts −18.1 pts

Fund returned, 1 year or since launch +678.3% −95.6%

Difference from stated, over that window not available not available

Underlying volatility 67% 67%

Difference over the days both have traded −14.5 pts no shared window

Expense ratio 1.06% 1.30%

Launched Feb 12, 2025 Nov 14, 2025

Net assets $112m $34m

AMUU and DAMD on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AMUU in plain words

Three months to Sep 30, 2026: AMUU returned +11.7% where its own daily promise gave +14.9%, 3.2 points short. Read the multiple against the whole window instead and 2 times AMD's 13.1% implies +26.2%, which makes AMUU look 14.5 points short. 11.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. AMUU aims to return +2 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 +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. AMD moved at 67% 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.

DAMD in plain words

Three months to Sep 30, 2026: DAMD returned −44.3% where its own daily promise gave −44.6%, 0.3 points over. Read the multiple against the whole window instead and −2 times AMD's 13.1% implies −26.2%, which makes DAMD look 18.1 points short. 18.4 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. DAMD 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, AMUU or DAMD?: Over the window to Sep 30, 2026, AMUU finished 14.5 points from what its multiple implies and DAMD finished 18.1 points from its own, so AMUU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AMUU and DAMD levered on the same thing?: Yes. Both are levered on Advanced Micro Devices, AMUU at +2 times and DAMD at -2 times the daily move.
Which one decays faster, AMUU or DAMD?: Decay follows how much the underlying moves about. Over this window AMUU’s moved at 67% annualized and DAMD’s at 67%, so AMUU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AMUU or DAMD 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, AMUU or DAMD?: AMUU charges 1.06% a year and DAMD charges 1.30%, so AMUU is cheaper. Fees come from each fund's prospectus.

Other comparisons

AMUU vs AMDC AMUU vs AMDG AMUU vs AMDL DAMD vs AMDC DAMD vs AMDG DAMD vs AMDL

AMUU on its own →DAMD on its own →How every figure is computed →Standards and sources →

Where these figures came from

AMUU filings on SEC EDGAR ↗AMUU prospectus with the expense ratio (SEC) ↗Direxion website ↗DAMD filings on SEC EDGAR ↗DAMD prospectus with the expense ratio (SEC) ↗Defiance page for DAMD ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, AMUU against DAMD, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/amuu-vs-damd

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.