AMDD Direxion Daily AMD Bear 1X ETF

Aims to return 1 times the opposite of the daily move of Advanced Micro Devices (AMD)Direxion1.03% fee$23mFirst traded Feb 12, 2025SEC filings ↗Every Direxion fund ETFIQ covers

Three months to Oct 8, 2026: AMDD returned −19.2% where its own daily promise gave −20.4%, 1.2 points over.

+13.5%
What AMD did
−20.4%
What −1 times a day gives
−19.2%
What the fund returned
+1.2 pts
The fund itself added
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What it aimed at, and what it did
2.5 pts ahead of its stated multipleAMDD returned −20.2% while −1 times AMD's move would have been −22.7%. Figures from Sep 8, 2026 to Oct 8, 2026.AMD +22.7% ×−1 implies−22.7%AMDD returned−20.2%2.5 pts ahead of its stated multipleAMDD returned −20.2% while −1 times AMD's move would have been −22.7%. Figures from Sep 8, 2026 to Oct 8, 2026.AMD +22.7% ×−1 implies−22.7%AMDD returned−20.2%

Over the 1 month to Oct 8, 2026, AMDD returned −20.2%, where −1 times that move implies −22.7%. The difference is +2.5 pts. Of that, daily compounding is +2.1 pts and the fund itself +0.4 pts against its own daily promise.

5.7 pts short of its stated multipleAMDD returned −19.2% while −1 times AMD's move would have been −13.5%. Figures from Jul 9, 2026 to Oct 8, 2026.AMD +13.5% ×−1 implies−13.5%AMDD returned−19.2%5.7 pts short of its stated multipleAMDD returned −19.2% while −1 times AMD's move would have been −13.5%. Figures from Jul 9, 2026 to Oct 8, 2026.AMD +13.5% ×−1 implies−13.5%AMDD returned−19.2%

Over the 3 months to Oct 8, 2026, AMDD returned −19.2%, where −1 times that move implies −13.5%. The difference is −5.7 pts. Of that, daily compounding is −6.9 pts and the fund itself +1.2 pts against its own daily promise.

ETFIQ Decay Resistance Score
34.085th of 128

AMDD finished 1.2 points ahead of what -1 times AMD’s daily move would have given, compounded through the same days.

points against its own daily promise, compounded+1.2 pts · 34th pct

Did it keep up with its own daily multiple, compounded day by day?

Points against its own daily promise, compounded
QBTZ −20.2 ptsRKLZ −15.6 ptsIONZ −13.1 ptsRGTZ −9.8 ptsASTN −8.4 ptsSMZ −5.1 ptsSPCQ −4.8 ptsMUZ −3.1 ptsAPLZ −1.6 ptsSMCZ −1.5 ptsSVIX −1.5 ptsCONI −1.2 ptsBMNZ −1.0 ptsSMST −0.8 ptsSSPC −0.6 ptsCRCD −0.4 ptsSNK −0.4 ptsCORD −0.3 ptsIREZ −0.1 ptsMSTZ −0.1 ptsNVDQ 0.0 ptsPLTZ 0.0 ptsNBIZ +0.1 ptsBEZ +0.2 pts, and 2 more at this point: LITZ +0.2 pts, SNDQ +0.2 ptsCBRZ +0.2 ptsETHD +0.2 ptsDAMD +0.4 ptsSTSM +0.4 ptsYXI +0.4 ptsBTCZ +0.5 pts, and 1 more at this point: SARK +0.5 ptsSPCG +0.6 ptsTSLZ +0.6 ptsGDXD +0.7 ptsTSDD +0.7 ptsPLTD +0.9 ptsMSFD +1.0 ptsSBIT +1.0 ptsSKRE +1.0 ptsEUM +1.1 pts, and 1 more at this point: NVD +1.1 ptsMETD +1.2 pts, and 1 more at this point: SETH +1.2 ptsPALD +1.2 ptsSCO +1.2 ptsAMZD +1.3 pts, and 4 more at this point: EFZ +1.3 pts, NVDS +1.3 pts, TBX +1.3 pts, TSMZ +1.3 ptsBITI +1.4 pts, and 1 more at this point: MUD +1.4 ptsDULL +1.4 ptsGGLS +1.4 ptsBZQ +1.5 pts, and 2 more at this point: CSCS +1.5 pts, TBF +1.5 ptsAAPD +1.6 pts, and 12 more at this point: FXP +1.6 pts, JDST +1.6 pts, MYY +1.6 pts, NFXS +1.6 pts, NVDD +1.6 pts, ORCS +1.6 pts, PSQ +1.6 pts, QCMD +1.6 pts, REK +1.6 pts, RWM +1.6 pts, SBB +1.6 pts, SH +1.6 ptsAMZO +1.6 ptsEFU +1.6 ptsDOG +1.7 pts, and 3 more at this point: DUST +1.7 pts, EEV +1.7 pts, FNGD +1.7 ptsDRIP +1.8 pts, and 2 more at this point: SEF +1.8 pts, SPDN +1.8 ptsEPV +1.8 ptsERY +1.8 ptsAVS +1.9 pts, and 5 more at this point: BIS +1.9 pts, DUG +1.9 pts, EWV +1.9 pts, REW +1.9 pts, TSLQ +1.9 ptsSIJ +2.0 ptsTSLS +2.0 ptsPST +2.2 ptsQID +2.4 ptsSDS +2.5 pts, and 1 more at this point: WEBS +2.5 ptsSZK +2.5 ptsTECS +2.5 ptsDXD +2.6 pts, and 2 more at this point: RXD +2.6 pts, SCC +2.6 ptsMZZ +2.7 ptsSKF +2.7 ptsTWM +2.7 ptsSDD +2.8 pts, and 1 more at this point: TBT +2.8 ptsHIBS +2.9 ptsSDP +2.9 ptsSMN +2.9 ptsEDZ +3.1 ptsSQQQ +3.1 ptsSRS +3.1 ptsGLL +3.2 pts, and 1 more at this point: SOXS +3.2 ptsSPXS +3.4 ptsSPXU +3.4 ptsYANG +3.5 ptsTTT +3.7 ptsSMDD +3.8 ptsFAZ +3.9 ptsSDOW +4.1 ptsTZA +4.1 ptsLABD +4.2 ptsDRV +4.3 ptsSRTY +4.3 ptsTYO +4.3 ptsZSL +4.5 ptsTMV +4.8 ptsAMDD +1.2 ptsAMDD +1.2 pts−20.2 pts+4.8 pts
−20.2 pts to +4.8 pts across 128

That is the share of the 128 inverse ETFs over three months sitting at or below AMDD.

A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

WindowFundAMD-1x the moveDifferenceAMD moved about, annualized
1M Sep 8 – Oct 8, 2026−20.2%+22.7%−22.7%+2.5 pts52%
3M Jul 9 – Oct 8, 2026−19.2%+13.5%−13.5%−5.7 pts63%
6M Apr 9 – Oct 8, 2026−70.6%+162.3%not meaningful over this windownot meaningful over this window75%
1Y Oct 8, 2025 – Oct 8, 2026−74.8%+163.5%not meaningful over this windownot meaningful over this window68%
Since launch Feb 12, 2025 – Oct 8, 2026−90.5%+455.6%not meaningful over this windownot meaningful over this window66%

Source: ETFIQ.

Money in and out

Daily figures · as of Oct 8, 2026

AMDD: on Oct 8, 2026, net $530k came in.

1D
+$530k
2.3% of $22.7m on Oct 7, 2026
Oct 8, 2026
12 months
+$32.1m
364.8% of $8.8m on Jul 31, 2025
Aug 1, 2025 to Jul 31, 2026
monthly, from SEC filings
Since Feb 2025
+$43.2m
Feb 1, 2025 to Oct 8, 2026
SEC filings, then daily counts
Net flow each trading day
Net flow into AMDD each trading day, Jul 13, 2026 to Oct 8, 2026+$530kmonthly, from SEC filingsdaily, from Direxion+$530k−$530kJul 13, 2026Oct 8, 2026

AMDD, net flow each trading day over the 63 sessions from Jul 13, 2026 to Oct 8, 2026: money came in on 1 day and went out on 0 days. Before Oct 8, 2026 ETFIQ has the fund’s monthly figures only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

Money in on 1 of the 63 trading days, out on 0.

Net flow into AMDD each trading day, Oct 8, 2025 to Oct 8, 2026+$530kmonthly, from SEC filingsdaily, from Direxion+$530k−$530kOct 8, 2025Oct 8, 2026

AMDD, net flow each trading day over the 252 sessions from Oct 8, 2025 to Oct 8, 2026: money came in on 1 day and went out on 0 days. Before Oct 8, 2026 ETFIQ has the fund’s monthly figures only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

Money in on 1 of the 252 trading days, out on 0.

Net flow into AMDD each trading day, Mar 7, 2025 to Oct 8, 2026+$530kmonthly, from SEC filingsdaily, from Direxion+$530k−$530kMar 7, 2025Oct 8, 2026

AMDD, net flow each trading day over the 400 sessions from Mar 7, 2025 to Oct 8, 2026: money came in on 1 day and went out on 0 days. Before Oct 8, 2026 ETFIQ has the fund’s monthly figures only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

Money in on 1 of the 400 trading days, out on 0.

Money in, netMoney out, netMonthly basis
Streak
Money in on its last trading day, Oct 8, 2026, a net +$530k.

ETFIQ’s daily counts for AMDD start Oct 8, 2026, so the 1 week, 1 month, 3 months, year to date and 1 year windows have no daily figure; the longer spans are from its SEC filings. Every day and month ETFIQ holds for AMDD, back to 2019, is in its flows file. Flows across every fund · How these flows are computed · Compare AMDD with other funds in the flows tool

How this is computed

Computed by ETFIQ from Direxion’s daily figures: each day’s change in shares outstanding times the previous day’s net asset value, dated to the day of the count. Percentages are of net assets at the start of each window. Each figure is net, money in less money out.

Every trading day, last 3 months1 day
Oct 8, 2026 +$530k

Most recent first.

Week by week, last year1 week
Oct 8, 2026 +$530k 1 day

Net flow into AMDD each week, Oct 8, 2026, most recent first, each week named by its last trading day with a figure. Computed by ETFIQ.

Month by month, money in and money outFeb 2025 to Oct 2026

AMDD, money in and money out each month from Feb 2025 to Jul 2026: two bars a month, money in above the line and money out below. Every bar is from AMDD’s SEC filings (N-PORT item B.6). Oct 2026 is still in progress, so it is in the list and not drawn. Of the 19 months listed, money came in on net in 11 and went out in 7.

Every bar is from AMDD’s SEC filings (N-PORT item B.6). Of the 19 months listed, money came in on net in 11 and went out in 7.

MonthInOutNet
Oct 2026 ETFIQ, the sum of its days, Oct 8 to Oct 8+$530k$0+$530k
Jul 2026 SEC Form N-PORT+$16.8m−$18.9m−$2.1m
Jun 2026 SEC Form N-PORT+$10.1m−$18.6m−$8.5m
May 2026 SEC Form N-PORT+$39.3m−$22.5m+$16.8m
Apr 2026 SEC Form N-PORT+$43.4m−$25.0m+$18.4m
Mar 2026 SEC Form N-PORT+$25.3m−$24.7m+$597k
Feb 2026 SEC Form N-PORT+$15.9m−$14.7m+$1.2m
Jan 2026 SEC Form N-PORT+$19.2m−$17.7m+$1.5m
Dec 2025 SEC Form N-PORT+$9.5m−$14.1m−$4.6m
Nov 2025 SEC Form N-PORT+$18.3m−$32.9m−$14.6m
Oct 2025 SEC Form N-PORT+$78.6m−$52.7m+$26.0m
Sep 2025 SEC Form N-PORT+$1.8m−$3.3m−$1.4m
Aug 2025 SEC Form N-PORT+$8.2m−$9.3m−$1.1m
Jul 2025 SEC Form N-PORT+$7.4m−$1.7m+$5.7m
Jun 2025 SEC Form N-PORT+$2.9m−$482k+$2.4m
May 2025 SEC Form N-PORT$0$0$0
Apr 2025 SEC Form N-PORT$0−$722k−$722k
Mar 2025 SEC Form N-PORT+$649k$0+$649k
Feb 2025 SEC Form N-PORT+$2.5m$0+$2.5m

Most recent first.

How this is computed

On a month from SEC Form N-PORT, money in is the filing’s sales plus reinvestments and money out its redemptions. On a month that is the sum of its days, money in sums the days money came in and money out the days it went out.

A month from SEC Form N-PORT is sales and reinvestments less redemptions as filed; a later month is the sum of its days, and says so where a day is missing.

In plain words

That 5.7 is two pieces: daily compounding, −6.9 points, which happens to any −1 times fund over the same path, and the fund itself, +1.2 points against its own daily promise.
Summary
Read the multiple against the whole window instead and −1 times AMD's 13.5% implies −13.5%, which makes AMDD look 5.7 points short. AMDD aims to return -1 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 -1 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 63% 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.
Sets out to return-1 times the daily move of AMD, reset daily
Multiple a holder actually got over the window (ETFIQ)-1.42 times, against -1 stated
UnderlyingAMD
Segmentsingle stock, company
Net assets (issuer page, as of Oct 7, 2026)$23m
Expense ratio (485BPOS XBRL, Feb 26, 2026)1.03%
First tradedFeb 12, 2025
Underlying volatility over the window (ETFIQ)63% annualized
What the underlying did, 3 monthsAMD 13.5%
How this is computed
Returns are ETFIQ calculations from Tiingo end-of-day prices, distributions reinvested, measured against the underlying over exactly the same days. How these figures are computed

Questions people ask about AMDD

Did AMDD return -1 times AMD?
Over the three months to Oct 8, 2026, AMD moved +13.5% and AMDD returned −19.2%. −1 times that move is −13.5%, so the fund came out 5.7 points short of it. Against its own daily promise, −1 times each day's move compounded, it was 1.2 points over.
Why does AMDD not return -1 times over a year?
Because it resets daily. AMDD 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.
Sources and dates
Prices, AMDD and AMDTiingo end-of-day prices ↗
Fee, 1.03%SEC 485BPOS XBRL · Feb 26, 2026
Net assets, $23mIssuer page · Oct 7, 2026

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

Cite this page

ETFIQ, AMDD, leveraged ETFs, data as of Oct 8, 2026. https://etfiq.com/funds/amdd

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Stated multiple
What the fund sets out to return against its underlying, each day. A fund at 2x aims to return twice the underlying’s daily move, and an inverse fund at -2x aims to return twice it in the opposite direction.
Daily reset
The fund starts each day aiming at the multiple again, from wherever it now stands. It is the mechanism that makes these funds behave as they do, and the reason the stated multiple applies to a day rather than to a holding period.
Compounding
Daily results multiply together rather than adding up. Two days of the multiple is not twice the multiple, and over a run of days the difference between the two grows with how far the underlying moves about.
Decay
What compounding costs a holder when the underlying falls and rises back to where it started. The underlying is level and the fund is down; the more violently it moved, the further down.
Difference against the stated multiple
The fund’s return minus the stated multiple times the underlying’s return, in percentage points. The one figure that says whether a holder got what the fund’s own multiple describes.