AMDD vs QQQ
Direxion Daily AMD Bear 1X ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | AMDD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.03% | 0.18% | |
| AUM | $20M | $455.8B | |
| Dividend Yield | 15.06% | 0.41% | |
| Holdings | 8 | 108 | |
| YTD Return | -66.29% | +18.31% | |
| 1Y Return | -77.08% | +25.37% | |
| 3Y Return (annualized) | - | +25.79% | |
| 5Y Return (annualized) | - | +15.20% | |
| Volatility (annualized) | 63.3% | 30.6% | |
| Max Drawdown | -91.8% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 12, 2025 | Mar 10, 1999 |
AMDD vs QQQ Performance
Direxion Daily AMD Bear 1X ETF (AMDD) is a ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AMDD returned -77.08% while QQQ returned +25.37%. Year to date, AMDD is down 66.29% versus a gain of 18.31% for QQQ.
Risk: Volatility and Drawdowns
AMDD has been the more volatile fund, with annualized monthly volatility of 63.3% compared with 30.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -91.8% for AMDD and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.72. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AMDD charges 1.03% per year while QQQ charges 0.18%. On a $10,000 position that is $103 vs $18 annually, a gap of $85 per year that compounds over a long holding period. On income, AMDD currently yields 15.06% against 0.41% for QQQ.
Holdings Overlap
AMDD and QQQ share 0 holdings out of 108 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AMDD or QQQ?
AMDD has an expense ratio of 1.03% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, AMDD or QQQ?
Over the past year AMDD returned -77.08% vs +25.37% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), AMDD annualized -74.76% vs +13.10% for QQQ. Past performance does not guarantee future results.
Which is riskier, AMDD or QQQ?
AMDD has been the more volatile fund at 63.3% annualized versus 30.6% for QQQ. Worst drawdown: AMDD -91.8% vs QQQ -83.0%.
Should I hold both AMDD and QQQ?
AMDD and QQQ have a monthly-return correlation of -0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMDD and QQQ?
AMDD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 108 unique securities.
Which pays a higher dividend, AMDD or QQQ?
AMDD yields 15.06% while QQQ yields 0.41%, so AMDD currently pays the higher dividend yield.
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