# AMZD (Direxion Daily AMZN Bear 1X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: AMZD returned −10.2% where its own daily promise gave −11.4%, 1.2 points over.

## Key facts

- AMZD, what AMZN did: +7.6%, as of Sep 11, 2026.
- AMZD, what −1 times a day gives: −11.4%, as of Sep 11, 2026.
- AMZD, what the fund returned: −10.2%, as of Sep 11, 2026.
- AMZD, the fund itself added: +1.3 pts, as of Sep 11, 2026.
- AMZD, net assets: $15m (source, as filed for Apr 30, 2026).
- AMZD, expense ratio: not read by ETFIQ, as of Sep 11, 2026.

## AMZD over each window to Sep 11, 2026

| Window | Fund | AMZN | -1x the move | Difference | AMZN moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +3.9% | −3.9% | +3.9% | 0.0 pts | 25% |
| 3 months | −10.2% | +7.6% | −7.6% | −2.5 pts | 44% |
| 6 months | −22.4% | +23.6% | −23.6% | +1.2 pts | 37% |
| 1 year | −15.5% | +11.7% | −11.7% | −3.8 pts | 34% |
| 3 years | −50.4% | +81.8% | −81.8% | +31.4 pts | 32% |
| Since launch | −58.4% | +98.3% | −98.3% | +39.9 pts | 34% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -1 times the daily move of AMZN, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -1.33 times, against -1 stated | ETFIQ |
| Underlying | AMZN | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $15m | source, as filed for Apr 30, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Sep 7, 2022 | ETFIQ |
| Underlying volatility over the window | 44% annualized | ETFIQ |

## Questions

### Did AMZD return -1 times AMZN?

Over the window to Sep 11, 2026, AMZN moved +7.6% and AMZD returned −10.2%. 1 times that move is −7.6%, so the fund came out 2.5 points short of it.

### Why does AMZD not return -1 times over a year?

Because it resets daily. AMZD aims at -1 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -1 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, AMZD, data as of Sep 11, 2026. https://etfiq.com/funds/AMZD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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