# AMZD (Direxion Daily AMZN Bear 1X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: AMZD returned −5.6% where its own daily promise gave −7.0%, 1.3 points over.

## Key facts

- AMZD, what AMZN did: +3.1%, as of Sep 30, 2026.
- AMZD, what −1 times a day gives: −7.0%, as of Sep 30, 2026.
- AMZD, what the fund returned: −5.6%, as of Sep 30, 2026.
- AMZD, the fund itself added: +1.3 pts, as of Sep 30, 2026.
- AMZD, net assets: $14m (issuer page, as of Sep 30, 2026).
- AMZD, expense ratio: 1.02% (485BPOS XBRL, Feb 26, 2026).

## AMZD over each window to Sep 30, 2026

| Window | Fund | AMZN | -1x the move | Difference | AMZN moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +4.2% | −4.1% | +4.1% | +0.1 pts | 21% |
| 3 months | −5.6% | +3.1% | −3.1% | −2.5 pts | 41% |
| 6 months | −18.6% | +18.3% | −18.3% | −0.3 pts | 36% |
| 1 year | −16.8% | +13.5% | −13.5% | −3.4 pts | 34% |
| 3 years | −53.9% | +96.0% | −96.0% | +42.1 pts | 32% |
| Since launch | −57.1% | +92.4% | −92.4% | +35.3 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 | AMZN moved +3.1% over this window, too little to read a multiple from | ETFIQ |
| Underlying | AMZN | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $14m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.02% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Sep 7, 2022 | ETFIQ |
| Underlying volatility over the window | 41% annualized | ETFIQ |

## Questions

### Did AMZD return -1 times AMZN?

Over the window to Sep 30, 2026, AMZN moved +3.1% and AMZD returned −5.6%. −1 times that move is −3.1%, 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 30, 2026. https://etfiq.com/funds/amzd
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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