{
 "ticker": "AMDD",
 "name": "Direxion Daily AMD Bear 1X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/amdd",
 "html": "https://etfiq.com/funds/amdd",
 "markdown": "https://etfiq.com/funds/amdd.md",
 "as_of": "2026-10-09",
 "verdict": "Three months to Oct 9, 2026: AMDD returned \u221215.4% where its own daily promise gave \u221217.1%, 1.7 points over.",
 "key_facts": [
  {
   "key": "what_amd_did",
   "label": "What AMD did",
   "value": "+9.0%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "AMDD, what AMD did: +9.0%, as of Oct 9, 2026."
  },
  {
   "key": "what_1_times_a_day_gives",
   "label": "What \u22121 times a day gives",
   "value": "\u221217.1%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "AMDD, what \u22121 times a day gives: \u221217.1%, as of Oct 9, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221215.4%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "AMDD, what the fund returned: \u221215.4%, as of Oct 9, 2026."
  },
  {
   "key": "the_fund_itself_added",
   "label": "The fund itself added",
   "value": "+1.7 pts",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "AMDD, the fund itself added: +1.7 pts, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$21m",
   "source": "issuer page, as of Oct 8, 2026",
   "as_of": "2026-10-09",
   "sentence": "AMDD, net assets: $21m (issuer page, as of Oct 8, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.03%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-10-09",
   "sentence": "AMDD, expense ratio: 1.03% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-1 times the daily move of AMD, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "-1.71 times, against -1 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "AMD",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$21m",
   "source": "issuer page, as of Oct 8, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.03%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Feb 12, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "63% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221215.9%",
   "AMD": "+16.7%",
   "-1x the move": "\u221216.7%",
   "Difference": "+0.8 pts",
   "AMD moved about, annualized": "52%"
  },
  {
   "window": "3 months",
   "Fund": "\u221215.4%",
   "AMD": "+9.0%",
   "-1x the move": "\u22129.0%",
   "Difference": "\u22126.4 pts",
   "AMD moved about, annualized": "63%"
  },
  {
   "window": "6 months",
   "Fund": "\u221268.9%",
   "AMD": "+148.2%",
   "-1x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "AMD moved about, annualized": "75%"
  },
  {
   "window": "1 year",
   "Fund": "\u221274.5%",
   "AMD": "+161.1%",
   "-1x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "AMD moved about, annualized": "68%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221290.3%",
   "AMD": "+444.3%",
   "-1x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "AMD moved about, annualized": "66%"
  }
 ],
 "questions": [
  {
   "q": "Did AMDD return -1 times AMD?",
   "a": "Over the three months to Oct 9, 2026, AMD moved +9.0% and AMDD returned \u221215.4%. \u22121 times that move is \u22129.0%, so the fund came out 6.4 points short of it. Against its own daily promise, \u22121 times each day's move compounded, it was 1.7 points over."
  },
  {
   "q": "Why does AMDD not return -1 times over a year?",
   "a": "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."
  }
 ],
 "flows": {
  "as_of": "2026-10-09",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/amdd.json",
  "windows": [
   {
    "window": "1 day",
    "from": "2026-10-09",
    "to": "2026-10-09",
    "net_flow_usd": -2130000,
    "net_flow": "\u2212$2.1m",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   }
  ],
  "daily_counts_start": "2026-10-08",
  "windows_without_daily_figure": [
   "1 week",
   "1 month",
   "3 months",
   "Year to date",
   "1 year"
  ]
 },
 "generated": "2026-10-09",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, AMDD, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/amdd"
}