Direxion Daily AMZN Bear 1X Shares (AMZD) Performance
AMZD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −11.4% since Dec 31, 2025
- 1 year
- −16.0% total return
- 3 years
- −22.8% a year
- Since first price
- −18.5% a year since 2022
AMZD trailing returns vs SPY, QQQ, AGG
| Period | AMZD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.3% | +0.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −8.5% | −9.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.7% | −1.9% | +7.8% | +8.4% | −1.5% |
| YTD | −11.4% | −12.8% | +12.3% | +15.1% | −1.0% |
| 1 year | −16.0% | −18.0% | +14.4% | +15.9% | −1.1% |
| 3 years | −54.0%−22.8%/yr | −58.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionSep 7, 2022 | −57.0%−18.5%/yr | −63.9% | — | — | — |
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: AMZD vs SPY
From Sep 7, 2022: AMZD grew to $4,298, SPY to $20,205.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AMZD returns by calendar year
0 of 3 full years positive. Best 2025 (−9.8%), worst 2023 (−46.5%). 2026 is year to date.
AMZD annual returns table
| Year | AMZD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −11.4% | −32.8% | +12.3% | +15.1% | −1.0% |
| 2025 | −9.8% | −35.5% | +17.7% | +20.8% | +7.2% |
| 2024 | −30.8% | −38.0% | +24.9% | +25.6% | +1.3% |
| 2023 | −46.5% | −47.9% | +26.2% | +54.9% | +5.7% |
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.
AMZD largest drawdowns
Now 71.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 28, 2022 | −74.7% | Aug 3, 2026 | not yet | 3.6 years | 3.8 years so far |
| Nov 9, 2022 | −15.9% | Nov 11, 2022 | Dec 22, 2022 | 2 days | 43 days |
| Oct 14, 2022 | −11.8% | Oct 25, 2022 | Oct 28, 2022 | 11 days | 14 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
AMZD risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | −22.7% | −21.6% |
| Volatility (annualized) | 27.3% | 28.9% |
| Sharpe ratio | -0.96 | -0.84 |
| Sortino ratio | -1.10 | -0.98 |
| Best month | +13.2% | +14.2% |
| Worst month | −21.8% | −21.8% |
| Best 12 months | −4.6% | −4.6% |
| Worst 12 months | −34.9% | −47.4% |
| Positive months | 44% | 44% |
| Beta vs S&P 500 | -1.35 | — |
| Correlation with S&P 500 | -0.62 | — |
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.
AMZD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 38 | −47.4% | −24.5% | −4.6% | 0% |
| 3-year (a year) | 14 | −30.6% | −24.5% | −20.3% | 0% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
AMZD performance overview
Direxion Daily AMZN Bear 1X Shares (AMZD) returned −16.0% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned −18.5% a year, turning $10,000 into about $4,298. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −74.7%, from Dec 28, 2022 to Aug 3, 2026; the fund has not yet regained that high. AMZD finished 0 of its 3 full calendar years with a gain; the best year was 2025 (−9.8%) and the worst 2023 (−46.5%). Volatility has been 28.9% a year.
Related: AMZD chart, AMZD dividends. See the AMZD overview for the latest quote and fund facts.
AMZD performance FAQ
What is the AMZD return over the past year?
AMZD returned −16.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 18.0%.
How much would $10,000 invested in AMZD be worth?
$10,000 invested in AMZD at its first recorded close on September 7, 2022 would be worth about $4,298 on October 23, 2026 with distributions reinvested.
What was the worst year for AMZD?
The worst calendar year was 2023, with a total return of −46.5%. The best was 2025 at −9.8%.
What is the biggest drawdown of AMZD?
The largest peak-to-trough decline was −74.7% between December 28, 2022 and August 3, 2026. It has not yet recovered to that high; it is 71.2% below its peak.
How volatile is AMZD?
Over the past 3 years AMZD had an annualized volatility of 27.3% and a Sharpe ratio of -0.96 (excess return over 1–3 month T-bills per unit of risk).