AMZU vs AMZZ: which held to its multiple?
Over the days both have traded, AMZU finished 1.1 points from its stated multiple and AMZZ 0.7. Direxion Daily AMZN Bull 2X ETF and GraniteShares 2x Long AMZN Daily ETF.
AMZU returned −0.2% while 2 times AMZN's move would have been +6.2%
AMZZ returned +1.1% while 2 times AMZN's move would have been +6.2%
A percentile among the 470 leveraged ETFs, long, over three months. 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 | AMZU | AMZZ | AMZU | AMZZ | AMZU | AMZZ |
| 1 month | −9.3% | −8.8% | −8.2% | −8.2% | −1.1 pts | −0.7 pts |
| 3 months | −0.2% | +1.1% | +6.2% | +6.2% | −6.3 pts | −5.0 pts |
| 6 months | +25.1% | +27.5% | +36.6% | +36.6% | −11.5 pts | −9.2 pts |
| 1 year | +3.4% | +7.5% | +26.9% | +26.9% | −23.5 pts | −19.5 pts |
| 3 years | +79.2% | not published | +192.0% | not published | −112.8 pts | not published |
| Since launch AMZU Sep 2022 · AMZZ Mar 2024 | +53.1% | +28.0% | +184.8% | +85.6% | −131.7 pts | −57.6 pts |
AMZU and AMZZ over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
AMZU and AMZZ on the same fields, as of Sep 30, 2026. Source: ETFIQ.
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 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.
AMZZ in plain words
Three months to Sep 30, 2026: AMZZ returned +1.1% where its own daily promise gave +2.5%, 1.4 points short. Read the multiple against the whole window instead and 2 times AMZN's 3.1% implies +6.2%, which makes AMZZ look 5.0 points short. AMZZ aims to return +2 times AMZN's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, AMZU or AMZZ?
- Over the window to Sep 30, 2026, AMZU finished 6.3 points from what its multiple implies and AMZZ finished 5.0 points from its own, so AMZZ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are AMZU and AMZZ levered on the same thing?
- Yes. Both are levered on Amazon.com, AMZU at +2 times and AMZZ at +2 times the daily move.
- Which one decays faster, AMZU or AMZZ?
- Decay follows how much the underlying moves about. Over this window AMZU’s moved at 41% annualized and AMZZ’s at 41%, so AMZU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold AMZU or AMZZ 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, AMZU against AMZZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/amzu-vs-amzz
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, AMZU against AMZZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/amzu-vs-amzz Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, AMZU against AMZZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/amzu-vs-amzz
- APA
- ETFIQ. (Sep 30, 2026). AMZU against AMZZ. Retrieved from https://etfiq.com/compare/leverage/amzu-vs-amzz
- Markdown
- [AMZU against AMZZ (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/amzu-vs-amzz)