- Issuer
- GraniteShares
- Inception Date
- Mar 15, 2024
- Category
- Leveraged Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $37M
Highlights
- Avg. Volume (1M)
- 191K
- Avg. Volume Value (1M)
- $6.27M
Share Price Chart
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Performance
AMZZ Performance Chart
GraniteShares 2x Long AMZN Daily ETF (AMZZ) is up 23.3% since the beginning of the year. AMZZ is currently trading at $39 per share.
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Returns By Period
GraniteShares 2x Long AMZN Daily ETF (AMZZ) has returned 23.29% so far this year and 32.97% over the past 12 months.
GraniteShares 2x Long AMZN Daily ETF
- 1D
- 29.85%
- 1M
- 21.90%
- 6M
- 16.34%
- YTD
- 23.29%
- 1Y
- 32.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.17%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
AMZZ Monthly Returns History
Based on dividend-adjusted daily data since Mar 18, 2024, AMZZ's average daily return is +0.15%, while the average monthly return is +2.90%. At this rate, an investment would double in approximately 2.0 years.
Historically, 48% of months were positive and 52% were negative. The best month was Apr 2026 with a return of +60.4%, while the worst month was Feb 2026 at -24.2%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, AMZZ closed higher 52% of trading days. The best single day was Jul 31, 2026 with a return of +29.9%, while the worst single day was Apr 3, 2025 at -18.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.98% | -24.20% | -3.19% | 60.38% | 2.78% | -23.65% | 25.98% | 23.29% | |||||
| 2025 | 16.03% | -21.10% | -21.18% | -10.06% | 21.27% | 13.75% | 12.99% | -6.56% | -8.93% | 21.24% | -10.23% | -2.81% | -8.94% |
| 2024 | 3.63% | -5.95% | -0.87% | 18.86% | -7.58% | -11.11% | 7.45% | -1.27% | 22.59% | 9.99% | 34.95% |
Benchmark Metrics
GraniteShares 2x Long AMZN Daily ETF has an annualized alpha of -9.18%, beta of 2.80, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since March 18, 2024.
- This ETF captured 289.61% of S&P 500 Index gains and 285.71% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.45 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -9.18%
- Beta
- 2.80
- R²
- 0.45
- Upside Capture
- 289.61%
- Downside Capture
- 285.71%
Expense Ratio
AMZZ has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AMZZ ranks 18 for risk / return — above 18% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMZZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 2.00 | -1.74 |
| Martin ratioReturn relative to average drawdown | 0.53 | 8.49 | -7.96 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the GraniteShares 2x Long AMZN Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GraniteShares 2x Long AMZN Daily ETF was 55.28%, occurring on Apr 21, 2025. Recovery took 261 trading sessions.
The current GraniteShares 2x Long AMZN Daily ETF drawdown is 7.64%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-55.28%Apr 2025 | 2mo 15d | 1y 14d | 1y 2moFeb 2025 - May 2026 | 2025 selloff2025 |
-37.35%Aug 2024 | 1mo 3d | 3mo 4d | 4mo 7dJul 2024 - Nov 2024 | — |
-34.68%Jul 2026 | 2mo 23d | — | 2mo 28dMay 2026 - now | — |
-16.19%Apr 2024 | 13d | 2mo 2d | 2mo 15dApr 2024 - Jun 2024 | — |
-15.73%Nov 2024 | 8d | 12d | 20dNov 2024 - Dec 2024 | — |
Drawdown Indicators
| AMZZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.28% | -56.78% | +1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -41.97% | -9.10% | -32.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -7.64% | -1.58% | -6.06% |
Average DrawdownAverage peak-to-trough decline | -20.46% | -10.70% | -9.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.95% | 2.14% | +18.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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