Which came closer to its stated multiple, AMZG or AMZU?

Over the window to Sep 30, 2026, AMZG finished 1.8 points from what its multiple implies and AMZU finished 6.3 points from its own, so AMZG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AMZG and AMZU levered on the same thing?

Yes. Both are levered on Amazon.com, AMZG at +2 times and AMZU at +2 times the daily move.

Which one decays faster, AMZG or AMZU?

Decay follows how much the underlying moves about. Over this window AMZG’s moved at 21% annualized and AMZU’s at 41%, so AMZU has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold AMZG 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, AMZG or AMZU?

AMZG charges 0.75% a year and AMZU charges 0.99%, so AMZG is cheaper. Fees come from each fund's prospectus.

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AMZG vs AMZU: which held to its multiple?

Over the days both have traded, AMZG finished 1.8 points from its stated multiple and AMZU 1.1. Leverage Shares 2X Long AMZN Daily ETF and Direxion Daily AMZN Bull 2X ETF.

−4.5%

AMZG returned, since launch

−0.2%

AMZU returned, 3 months

−7.1 pts

AMZG from its stated multiple

−6.3 pts

AMZU from its stated multiple

AMZG · 1 month to Sep 30, 20261.8 pts short of its stated multiple

AMZG returned −10.0% while 2 times AMZN's move would have been −8.2%

AMZU · 3 months to Sep 30, 20266.3 pts short of its stated multiple

AMZU returned −0.2% while 2 times AMZN's move would have been +6.2%

Performance, window by window

	Total return		Multiple would give		Difference
Window	AMZG	AMZU	AMZG	AMZU	AMZG	AMZU
1 month	−10.0%	−9.3%	−8.2%	−8.2%	−1.8 pts	−1.1 pts
3 months	not published	−0.2%	not published	+6.2%	not published	−6.3 pts
6 months	not published	+25.1%	not published	+36.6%	not published	−11.5 pts
1 year	not published	+3.4%	not published	+26.9%	not published	−23.5 pts
3 years	not published	+79.2%	not published	+192.0%	not published	−112.8 pts
Since launch AMZG Jul 2026 · AMZU Sep 2022	−4.5%	+53.1%	+2.6%	+184.8%	−7.1 pts	−131.7 pts

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

On the same fields

AMZG

Leverage Shares 2X Long AMZN 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 Leverage Shares Direxion

Sets out to return +2x +2x

Underlying asset AMZN AMZN

Segment company company

Fund returned, 3 months or since launch −10.0% −0.2%

Underlying returned, over that window −4.1% +3.1%

What the stated multiple implies, over that window −8.2% +6.2%

Difference from stated, over that window −1.8 pts −6.3 pts

Fund returned, 1 year or since launch −4.5% +3.4%

Difference from stated, over that window −7.1 pts −23.5 pts

Underlying volatility 21% 41%

Difference over the days both have traded −1.8 pts −1.1 pts

Expense ratio 0.75% 0.99%

Launched Jul 7, 2026 Sep 7, 2022

Net assets $2m $341m

AMZG and AMZU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AMZG in plain words

One month to Sep 30, 2026: AMZG returned −10.0% where its own daily promise gave −8.4%, 1.6 points short. Read the multiple against the whole window instead and 2 times AMZN's −4.1% implies −8.2%, which makes AMZG look 1.8 points short. 0.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. AMZG 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 21% 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 30, 2026: AMZU returned −0.2% where its own daily promise gave +2.5%, 2.7 points short. Read the multiple against the whole window instead and 2 times AMZN's 3.1% implies +6.2%, which makes AMZU look 6.3 points short. 3.6 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 41% annualized over that window.

Questions people ask

Which came closer to its stated multiple, AMZG or AMZU?: Over the window to Sep 30, 2026, AMZG finished 1.8 points from what its multiple implies and AMZU finished 6.3 points from its own, so AMZG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AMZG and AMZU levered on the same thing?: Yes. Both are levered on Amazon.com, AMZG at +2 times and AMZU at +2 times the daily move.
Which one decays faster, AMZG or AMZU?: Decay follows how much the underlying moves about. Over this window AMZG’s moved at 21% annualized and AMZU’s at 41%, so AMZU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AMZG 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, AMZG or AMZU?: AMZG charges 0.75% a year and AMZU charges 0.99%, so AMZG is cheaper. Fees come from each fund's prospectus.

Other comparisons

AMZG vs AMZO AMZG vs AMZZ AMZG vs AMAA AMZG vs AMZD AMZU vs AMZZ AMZU vs AMAA AMZU vs AMZD AMZU vs AMZO

AMZG on its own →AMZU on its own →How every figure is computed →Standards and sources →

Where these figures came from

AMZG filings on SEC EDGAR ↗AMZG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗AMZU filings on SEC EDGAR ↗AMZU prospectus with the expense ratio (SEC) ↗Direxion website ↗

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, AMZG against AMZU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/amzg-vs-amzu

Open data

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