# AMDD (Direxion Daily AMD Bear 1X ETF)

Direxion · Leveraged ETFs · data as of Oct 9, 2026

Three months to Oct 9, 2026: AMDD returned −15.4% where its own daily promise gave −17.1%, 1.7 points over.

## Key facts

- AMDD, what AMD did: +9.0%, as of Oct 9, 2026.
- AMDD, what −1 times a day gives: −17.1%, as of Oct 9, 2026.
- AMDD, what the fund returned: −15.4%, as of Oct 9, 2026.
- AMDD, the fund itself added: +1.7 pts, as of Oct 9, 2026.
- AMDD, net assets: $21m (issuer page, as of Oct 8, 2026).
- AMDD, expense ratio: 1.03% (485BPOS XBRL, Feb 26, 2026).

## AMDD over each window to Oct 9, 2026

| Window | Fund | AMD | -1x the move | Difference | AMD moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | −15.9% | +16.7% | −16.7% | +0.8 pts | 52% |
| 3 months | −15.4% | +9.0% | −9.0% | −6.4 pts | 63% |
| 6 months | −68.9% | +148.2% | not meaningful over this window | not meaningful over this window | 75% |
| 1 year | −74.5% | +161.1% | not meaningful over this window | not meaningful over this window | 68% |
| Since launch | −90.3% | +444.3% | not meaningful over this window | not meaningful over this window | 66% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -1 times the daily move of AMD, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -1.71 times, against -1 stated | ETFIQ |
| Underlying | AMD | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $21m | issuer page, as of Oct 8, 2026 |
| Expense ratio | 1.03% | 485BPOS XBRL, Feb 26, 2026 |
| First traded | Feb 12, 2025 | ETFIQ |
| Underlying volatility over the window | 63% annualized | ETFIQ |

## Money in and out, to Oct 9, 2026

| Window | Dates | Net flow |
| --- | --- | --- |
| 1 day | Oct 9, 2026 | −$2.1m |

Daily counts start Oct 8, 2026, so these windows have no daily figure: 1 week, 1 month, 3 months, Year to date, 1 year.

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: https://etfiq.com/data/flows/funds/amdd.json. Method: https://etfiq.com/methodology/flows

## Questions

### Did AMDD return -1 times AMD?

Over the three months to Oct 9, 2026, AMD moved +9.0% and AMDD returned −15.4%. −1 times that move is −9.0%, so the fund came out 6.4 points short of it. Against its own daily promise, −1 times each day's move compounded, it was 1.7 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.


## Cite this page

ETFIQ, AMDD, leveraged ETFs, data as of Oct 9, 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 https://etfiq.com/data/.

HTML: https://etfiq.com/funds/amdd  ·  JSON: https://etfiq.com/funds/amdd.json