GraniteShares 2x Long AMZN Daily ETF (AMZZ)
AMZZ is an actively managed ETF by GraniteShares. AMZZ launched on Mar 15, 2024 and has a 1.15% expense ratio.
ETF Info
| Issuer | GraniteShares |
|---|---|
| Inception Date | Mar 15, 2024 |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Expense Ratio
AMZZ has a high expense ratio of 1.15%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: AMZZ vs. AMZU, AMZZ vs. TQQQ, AMZZ vs. NVDA, AMZZ vs. AMZN, AMZZ vs. AMZY, AMZZ vs. FNGO
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.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 13.39% |
| 1 month | 9.45% | 4.02% |
| 6 months | N/A | 5.56% |
| 1 year | N/A | 21.51% |
| 5 years (annualized) | N/A | 12.69% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns
The table below presents the monthly returns of AMZZ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 6.25% | -5.95% | -0.87% | 18.86% | -7.58% | -11.11% | -11.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
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.
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 37.35%, occurring on Aug 5, 2024. The portfolio has not yet recovered.
The current GraniteShares 2x Long AMZN Daily ETF drawdown is 29.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -37.35% | Jul 3, 2024 | 23 | Aug 5, 2024 | — | — | — |
| -16.19% | Apr 12, 2024 | 10 | Apr 25, 2024 | 42 | Jun 26, 2024 | 52 |
| -5.1% | Jun 28, 2024 | 1 | Jun 28, 2024 | 2 | Jul 2, 2024 | 3 |
| -2.17% | Apr 4, 2024 | 1 | Apr 4, 2024 | 1 | Apr 5, 2024 | 2 |
| -1.7% | Mar 26, 2024 | 1 | Mar 26, 2024 | 1 | Mar 27, 2024 | 2 |
Volatility
Volatility Chart
The current GraniteShares 2x Long AMZN Daily ETF volatility is 17.93%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.