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ETFs

Direxion Shares ETF Trust Direxion Daily AMZN Bull 1.5X Shares

AMZU
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 07 2022
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$4,440,360
AUM
$36,846,614
Associated Index
None
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
DREYFUS GOVT CASH MAN INS
15.80%
n/a
GOLDMAN FINL SQ TRSRY INST 506
15.78%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
6.39%
AMZN
Amazon.com Inc.
4.52%
Invest with AMZU

What is AMZU?

The Direxion Daily AMZN Bull 1.5X Shares (the "Fund") seeks 150% daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify the daily performance of the common shares of Amazon.com, Inc. (NASDAQ: AMZN) ("AMZN"). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 150% of the performance of AMZN for the period.

ETFs related toAMZU

ETFs correlated to AMZU include AMZY, XLY, WEBL

AMZU
Direxion Shares ETF Trust - Direxion Daily AMZN Bull 1.5X Shares
AMZY
Tidal Trust II - YieldMax AMZN Option Income Strategy ETF
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
VCR
Vanguard Group, Inc. - Vanguard Consumer Discretionary ETF
FDIS
Fidelity Covington Trust - Fidelity MSCI Consumer Discretionary Index ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
TIME
Capitol Series Trust - Clockwise Core Equity & Innovation ETF
FNGU
Bank of Montreal - BMO REX MicroSectors FANG+ Index 3X Leveraged ETN
TCHP
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Blue Chip Growth 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 toAMZU

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with AMZU using Composer

FAQ

AMZU is a US Equities ETF. The Direxion Daily AMZN Bull 1.5X Shares (the "Fund") seeks 150% daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify the daily performance of the common shares of Amazon.com, Inc. (NASDAQ: AMZN) ("AMZN"). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 150% of the performance of AMZN for the period.

Yes, AMZU is actively 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.

No, AMZU is not passively managed. It is actively 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 AMZU is -0.0147%. This is the percent change in the value of AMZU over the most recent 1-month period. The 3-month return on AMZU is 0.0216%. This is the percent change in the value of AMZU over the most recent 3-month period.

The standard deviation of AMZU for the past year is 0.5775%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AMZU include TQQQ, SSO, and TNA.

ETFs correlated to AMZU include AMZY, XLY, and WEBL.

ETFs that are inversely correlated to AMZU include WEBS, FNGD, and QID.

Yes, AMZU is a Leveraged (1.5x) ETF.

Yes, AMZU is a Leveraged (1.5x) leveraged ETF.

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.