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ETFs

Direxion Shares ETF Trust Direxion Daily AMZN Bear 1X Shares

AMZD
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 07 2022
Expense Ratio
0.97%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$1,092,206
AUM
$6,400,822
Associated Index
Amazon
Inverse/Leveraged
Inverse (-1)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MGMT
953.43%
n/a
GOLDMAN FINL SQ TRSRY INST 506
223.61%
n/a
DREYFUS TREASURY SECURITIES CASH MANAGEMENT
183.60%
n/a
GOLDMAN FINL SQ TRSRY INST 506
86.36%
n/a
GOLDMAN FINL SQ TRSRY INS
17.72%
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, PSQ, SQQQ

AMZD
Direxion Shares ETF Trust - Direxion Daily AMZN Bear 1X Shares
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SARK
Investment Managers Series Trust II - AXS Short Innovation Daily ETF

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

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with AMZD using Composer

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.

AMZD tracks the Amazon.

No, AMZD is not actively managed. It is passively 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.

Yes, AMZD is passively 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 -0.0231%. This is the percent change in the value of AMZD over the most recent 1-month period. The 3-month return on AMZD is -0.1342%. This is the percent change in the value of AMZD over the most recent 3-month period.

ETFs similar to AMZD include TZA, TNA, and SDS.

ETFs correlated to AMZD include WEBS, PSQ, and SQQQ.

ETFs that are inversely correlated to AMZD include AMZU, WEBL, and FDN.

Yes, AMZD is a Inverse (-1) ETF: This means that AMZD will try to match the performance of Amazon, but with 1x the returns.

Yes, AMZD is a Inverse (-1) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Amazon, but move 1x in the opposite direction.

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.