AMZO vs AMZU: which held to its multiple?
Over three months against its own daily promise, AMZO finished 1.4 points over and AMZU 2.7 points short. Tradr 2X Short AMZN Daily ETF and Direxion Daily AMZN Bull 2X ETF.
AMZO returned −16.4% while −2 times AMZN's move would have been −6.2%
AMZU returned −0.2% while 2 times AMZN's move would have been +6.2%
AMZO among the 125 inverse ETFs over three months
AMZU among the 470 leveraged ETFs, long, over three months
A percentile among the 125 inverse ETFs over three months. AMZU is a percentile among the 470 leveraged ETFs, long, 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 | AMZO | AMZU | AMZO | AMZU | AMZO | AMZU |
| 1 month | +8.0% | −9.3% | +8.2% | −8.2% | −0.2 pts | −1.1 pts |
| 3 months | −16.4% | −0.2% | −6.2% | +6.2% | −10.2 pts | −6.3 pts |
| 6 months | −40.2% | +25.1% | −36.6% | +36.6% | −3.6 pts | −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 AMZO Mar 2026 · AMZU Sep 2022 | −42.8% | +53.1% | −40.4% | +184.8% | −2.4 pts | −131.7 pts |
AMZO 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
AMZO and AMZU on the same fields, as of Sep 30, 2026. Source: ETFIQ.
AMZO in plain words
Three months to Sep 30, 2026: AMZO returned −16.4% where its own daily promise gave −17.8%, 1.4 points over. Read the multiple against the whole window instead and −2 times AMZN's 3.1% implies −6.2%, which makes AMZO look 10.2 points short. 11.6 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. AMZO 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 41% 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. 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, AMZO or AMZU?
- Over the window to Sep 30, 2026, AMZO finished 10.2 points from what its multiple implies and AMZU finished 6.3 points from its own, so AMZU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are AMZO and AMZU levered on the same thing?
- Yes. Both are levered on Amazon.com, AMZO at -2 times and AMZU at +2 times the daily move.
- Which one decays faster, AMZO or AMZU?
- Decay follows how much the underlying moves about. Over this window AMZO’s moved at 41% annualized and AMZU’s at 41%, so AMZO has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold AMZO 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.
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.
ETFIQ, AMZO against AMZU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/amzo-vs-amzu
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, AMZO against AMZU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/amzo-vs-amzu Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, AMZO against AMZU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/amzo-vs-amzu
- APA
- ETFIQ. (Sep 30, 2026). AMZO against AMZU. Retrieved from https://etfiq.com/compare/leverage/amzo-vs-amzu
- Markdown
- [AMZO against AMZU (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/amzo-vs-amzu)