Direxion Daily AMD Bear 1X Shares (AMDD) Performance
AMDD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −71.2% since Dec 31, 2025
- 1 year
- −69.7% total return
- Since first price
- −88.7% since 2025
AMDD trailing returns vs SPY, QQQ, AGG
| Period | AMDD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +17.2% | +17.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.1% | −5.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −54.5% | −55.4% | +7.8% | +8.4% | −1.5% |
| YTD | −71.2% | −72.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −69.7% | −71.1% | +14.4% | +15.9% | −1.1% |
| Since inceptionFeb 12, 2025 | −88.7% | −89.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: AMDD vs SPY
From Feb 12, 2025: AMDD grew to $1,130, SPY to $12,843.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AMDD returns by calendar year
2026 is year to date.
AMDD annual returns table
| Year | AMDD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −71.2% | −78.1% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
AMDD largest drawdowns
Now 91.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 8, 2025 | −93.4% | Oct 6, 2026 | not yet | 1.5 years | 1.5 years so far |
| Mar 10, 2025 | −16.6% | Mar 25, 2025 | Apr 3, 2025 | 15 days | 24 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
AMDD risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −78.7% |
| Volatility (annualized) | 63.0% |
| Sharpe ratio | -1.99 |
| Sortino ratio | -1.83 |
| Best month | +14.8% |
| Worst month | −45.0% |
| Best 12 months | −64.7% |
| Worst 12 months | −85.2% |
| Positive months | 32% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
AMDD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 9 | −85.2% | −78.1% | −64.7% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
AMDD performance overview
Direxion Daily AMD Bear 1X Shares (AMDD) returned −69.7% over the past year, with distributions reinvested. Since its first recorded price on Feb 12, 2025 it has returned −88.7%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −93.4%, from Apr 8, 2025 to Oct 6, 2026; the fund has not yet regained that high. Volatility has been 63.0% a year.
Related: AMDD chart, AMDD dividends. See the AMDD overview for the latest quote and fund facts.
AMDD performance FAQ
What is the AMDD return over the past year?
AMDD returned −69.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 71.1%.
How much would $10,000 invested in AMDD be worth?
$10,000 invested in AMDD at its first recorded close on February 12, 2025 would be worth about $1,130 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of AMDD?
The largest peak-to-trough decline was −93.4% between April 8, 2025 and October 6, 2026. It has not yet recovered to that high; it is 91.8% below its peak.
How volatile is AMDD?
Over the past history AMDD had an annualized volatility of 63.0% and a Sharpe ratio of -1.99 (excess return over 1–3 month T-bills per unit of risk).