{
 "ticker": "AMZD",
 "name": "Direxion Daily AMZN Bear 1X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/amzd",
 "html": "https://etfiq.com/funds/amzd",
 "markdown": "https://etfiq.com/funds/amzd.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: AMZD returned \u22125.6% where its own daily promise gave \u22127.0%, 1.3 points over.",
 "key_facts": [
  {
   "key": "what_amzn_did",
   "label": "What AMZN did",
   "value": "+3.1%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "AMZD, what AMZN did: +3.1%, as of Sep 30, 2026."
  },
  {
   "key": "what_1_times_a_day_gives",
   "label": "What \u22121 times a day gives",
   "value": "\u22127.0%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "AMZD, what \u22121 times a day gives: \u22127.0%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u22125.6%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "AMZD, what the fund returned: \u22125.6%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_added",
   "label": "The fund itself added",
   "value": "+1.3 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "AMZD, the fund itself added: +1.3 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$14m",
   "source": "issuer page, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "AMZD, net assets: $14m (issuer page, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.02%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-30",
   "sentence": "AMZD, expense ratio: 1.02% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "-1 times the daily move of AMZN, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "AMZN moved +3.1% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "AMZN",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$14m",
   "source": "issuer page, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.02%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Sep 7, 2022",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "41% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+4.2%",
   "AMZN": "\u22124.1%",
   "-1x the move": "+4.1%",
   "Difference": "+0.1 pts",
   "AMZN moved about": "21%"
  },
  {
   "window": "3 months",
   "Fund": "\u22125.6%",
   "AMZN": "+3.1%",
   "-1x the move": "\u22123.1%",
   "Difference": "\u22122.5 pts",
   "AMZN moved about": "41%"
  },
  {
   "window": "6 months",
   "Fund": "\u221218.6%",
   "AMZN": "+18.3%",
   "-1x the move": "\u221218.3%",
   "Difference": "\u22120.3 pts",
   "AMZN moved about": "36%"
  },
  {
   "window": "1 year",
   "Fund": "\u221216.8%",
   "AMZN": "+13.5%",
   "-1x the move": "\u221213.5%",
   "Difference": "\u22123.4 pts",
   "AMZN moved about": "34%"
  },
  {
   "window": "3 years",
   "Fund": "\u221253.9%",
   "AMZN": "+96.0%",
   "-1x the move": "\u221296.0%",
   "Difference": "+42.1 pts",
   "AMZN moved about": "32%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221257.1%",
   "AMZN": "+92.4%",
   "-1x the move": "\u221292.4%",
   "Difference": "+35.3 pts",
   "AMZN moved about": "34%"
  }
 ],
 "questions": [
  {
   "q": "Did AMZD return -1 times AMZN?",
   "a": "Over the window to Sep 30, 2026, AMZN moved +3.1% and AMZD returned \u22125.6%. \u22121 times that move is \u22123.1%, so the fund came out 2.5 points short of it."
  },
  {
   "q": "Why does AMZD not return -1 times over a year?",
   "a": "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."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}