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ETFs

Direxion Shares ETF Trust Direxion Daily AMZN Bear 1X Shares

AMZD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 7, 2022
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$807,166
AUM
$2,595,913
Associated Index
None
Inverse/Leveraged
Inverse (-1)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
6587.54%
n/a
GOLDMAN FINL SQ TRSRY INST 506
3144.61%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
433.00%
Invest with AMZD

What is AMZD?

The Direxion Daily AMZN Bear 1X Shares ("Fund") seeks daily inverse investment results and is very different from most other exchange traded funds. The pursuit of daily inverse investment goals means that the return of the Fund for a period longer than a full trading day may have no resemblance to -100 percent of the return of the common shares of Amazon.com, Inc. (NASDAQ: AMZN) ("AMZN"). This means that the return of the Fund for a period longer than a trading day will be the result of each single day's compounded return over the period, which will very likely differ from -100 Percent of the return of AMZN for that period.

ETFs related toAMZD

ETFs correlated to AMZD include WEBS, FNGD, QID

AMZD
Direxion Shares ETF Trust - Direxion Daily AMZN Bear 1X Shares
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAMZD

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Category

Featured, Technology Focus

Risk Rating

Aggressive

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Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with AMZD using Composer

News Related to AMZD

Consumer Confidence Concerns Put Direxion's Amazon-Focused Bull And Bear ETFs In The Spotlight

Feb 26, 2025 • by JE Insights
Consumer Confidence Concerns Put Direxion's Amazon-Focused Bull And Bear ETFs In The Spotlight
Read

Tech And Economy Collide To Facilitate Rich Trading Grounds For Direxion's AMZU And AMZD Funds

Sep 17, 2024 • by Benzinga Newsdesk
Tech And Economy Collide To Facilitate Rich Trading Grounds For Direxion's AMZU And AMZD Funds
Read

Positive Retail Data Brings Direxion Amazon-Focused ETFs AMZU And AMZD Into The Spotlight

Aug 15, 2024 • by Benzinga Newsdesk
Positive Retail Data Brings Direxion Amazon-Focused ETFs AMZU And AMZD Into The Spotlight
Read

Tesla Bear? Nvidia Bull? Leveraged And Inverse Single Stock ETFs Can Help You Maximize Your View

Mar 25, 2024 • by Johnny Rice
Tesla Bear? Nvidia Bull? Leveraged And Inverse Single Stock ETFs Can Help You Maximize Your View
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FAQ

AMZD is a US Equities ETF. The Direxion Daily AMZN Bear 1X Shares ("Fund") seeks daily inverse investment results and is very different from most other exchange traded funds. The pursuit of daily inverse investment goals means that the return of the Fund for a period longer than a full trading day may have no resemblance to -100 percent of the return of the common shares of Amazon.com, Inc. (NASDAQ: AMZN) ("AMZN"). This means that the return of the Fund for a period longer than a trading day will be the result of each single day's compounded return over the period, which will very likely differ from -100 Percent of the return of AMZN for that period.

Yes, AMZD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AMZD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AMZD is 0.0065%. This is the percent change in the value of AMZD over the most recent 1-month period. The 3-month return on AMZD is -0.0319%. This is the percent change in the value of AMZD over the most recent 3-month period.

The standard deviation of AMZD for the past year is 0.3884%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AMZD include TQQQ, SSO, and TNA.

ETFs correlated to AMZD include WEBS, FNGD, and QID.

ETFs that are inversely correlated to AMZD include AMZU, AMZY, and XLY.

Yes, AMZD is a Inverse (-1) ETF.

Yes, AMZD is a Inverse (-1) leveraged ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.