Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GraniteShares 2x Long AMZN Daily ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
GraniteShares 2x Long AMZN Daily ETF (AMZZ) has returned -22.23% so far this year and -1.87% over the past 12 months.
GraniteShares 2x Long AMZN Daily ETF
- 1D
- 7.15%
- 1M
- -3.19%
- YTD
- -22.23%
- 6M
- -17.74%
- 1Y
- -1.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Mar 18, 2024, AMZZ's average daily return is +0.08%, while the average monthly return is +0.85%. At this rate, your investment would double in approximately 6.8 years.
Historically, 44% of months were positive and 56% were negative. The best month was Nov 2024 with a return of +22.6%, 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 51% of trading days. The best single day was Apr 9, 2025 with a return of +23.2%, 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% | -22.23% | |||||||||
| 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 | 6.25% | -5.95% | -0.87% | 18.86% | -7.58% | -11.11% | 7.45% | -1.27% | 22.59% | 9.99% | 38.36% |
Benchmark Metrics
GraniteShares 2x Long AMZN Daily ETF has an annualized alpha of -15.74%, beta of 2.77, and R² of 0.50 versus S&P 500 Index. Calculated based on daily prices since March 19, 2024.
- This ETF participated in 273.97% of S&P 500 Index downside but only 227.28% of its upside — more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -15.74% versus S&P 500 Index — delivering less than market exposure alone would predict.
- Beta of 2.77 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -15.74%
- Beta
- 2.77
- R²
- 0.50
- Upside Capture
- 227.28%
- Downside Capture
- 273.97%
Expense Ratio
AMZZ has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AMZZ ranks 13 for risk / return — in the bottom 13% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) and compare them to a chosen benchmark (S&P 500 Index).
| AMZZ | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 0.90 | -0.92 |
Sortino ratioReturn per unit of downside risk | 0.47 | 1.39 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.21 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | -0.10 | 1.40 | -1.50 |
Martin ratioReturn relative to average drawdown | -0.23 | 6.61 | -6.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore AMZZ risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
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. The portfolio has not yet recovered.
The current GraniteShares 2x Long AMZN Daily ETF drawdown is 41.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.28% | Feb 5, 2025 | 52 | Apr 21, 2025 | — | — | — |
| -37.35% | Jul 3, 2024 | 23 | Aug 5, 2024 | 67 | Nov 7, 2024 | 90 |
| -16.19% | Apr 12, 2024 | 10 | Apr 25, 2024 | 42 | Jun 26, 2024 | 52 |
| -15.73% | Nov 14, 2024 | 7 | Nov 22, 2024 | 7 | Dec 4, 2024 | 14 |
| -13.45% | Dec 17, 2024 | 18 | Jan 14, 2025 | 5 | Jan 22, 2025 | 23 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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