AMZD vs QQQ
Direxion Daily AMZN 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 108 holdings.
Side-by-Side Comparison
| Metric | AMZD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.02% | 0.18% | |
| AUM | $13M | $496.3B | |
| Dividend Yield | 3.23% | 0.44% | |
| Holdings | 6 | 108 | |
| YTD Return | -17.68% | +19.52% | |
| 1Y Return | -16.72% | +26.68% | |
| 3Y Return (annualized) | -21.98% | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 29.0% | 30.6% | |
| Max Drawdown | -74.8% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 7, 2022 | Mar 10, 1999 |
AMZD vs QQQ Performance
Direxion Daily AMZN Bear 1X ETF (AMZD) 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 AMZD returned -16.72% while QQQ returned +26.68%. Year to date, AMZD is down 17.68% versus a gain of 19.52% for QQQ.
Over three years, AMZD compounded at -21.98% per year against +26.64% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.14% annualized vs -20.41%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 29.0% for AMZD. 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 -74.8% for AMZD 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 -0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AMZD charges 1.02% per year while QQQ charges 0.18%. On a $10,000 position that is $102 vs $18 annually, a gap of $84 per year that compounds over a long holding period. On income, AMZD currently yields 3.23% against 0.44% for QQQ.
Holdings Overlap
AMZD and QQQ share 0 holdings out of 105 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, AMZD or QQQ?
AMZD has an expense ratio of 1.02% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $84 per year of difference.
Which performed better, AMZD or QQQ?
Over the past year AMZD returned -16.72% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), AMZD annualized -20.41% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, AMZD or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 29.0% for AMZD. Worst drawdown: AMZD -74.8% vs QQQ -83.0%.
Should I hold both AMZD and QQQ?
AMZD and QQQ have a monthly-return correlation of -0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMZD and QQQ?
AMZD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, AMZD or QQQ?
AMZD yields 3.23% while QQQ yields 0.44%, so AMZD currently pays the higher dividend yield.
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