2AMZ.L vs. NVDL

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2x Amazon ETC A GBP (2AMZ.L) and GraniteShares 2x Long NVDA Daily ETF (NVDL).

2AMZ.L and NVDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 2AMZ.L is a passively managed fund by Leverage Shares that tracks the performance of the NYSE Leveraged 2x AMZN Index. It was launched on Dec 5, 2017. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.

Performance

2AMZ.L vs. NVDL - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Leverage Shares 2x Amazon ETC A GBP (2AMZ.L) and GraniteShares 2x Long NVDA Daily ETF (NVDL). The values are adjusted to include any dividend payments, if applicable.

2AMZ.L vs. NVDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
2AMZ.L Leverage Shares 2x Amazon ETC A GBP	-23.38%	-18.82%	83.06%	165.76%	-18.41%
NVDL GraniteShares 2x Long NVDA Daily ETF	-15.98%	23.12%	352.34%	405.58%	-26.73%

Different Trading Currencies

2AMZ.L is traded in GBp, while NVDL is traded in USD. To make them comparable, the NVDL values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, 2AMZ.L achieves a -23.38% return, which is significantly lower than NVDL's -15.98% return.

2AMZ.L

• 1D: 2.69%
• 1M: -1.76%
• YTD: -23.38%
• 6M: -17.96%
• 1Y: -4.68%
• 3Y*: 29.29%
• 5Y*: -6.88%
• 10Y*: —

NVDL

• 1D: 0.00%
• 1M: -9.06%
• YTD: -15.98%
• 6M: -21.46%
• 1Y: 85.37%
• 3Y*: 112.59%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

2AMZ.L vs. NVDL - Expense Ratio Comparison

2AMZ.L has a 0.75% expense ratio, which is lower than NVDL's 1.15% expense ratio.

NVDL

GraniteShares 2x Long NVDA Daily ETF

2AMZ.L

Leverage Shares 2x Amazon ETC A GBP

Return for Risk

2AMZ.L vs. NVDL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

2AMZ.L

2AMZ.L Risk / Return Rank: 11
2AMZ.L Sharpe Ratio Rank: 10
2AMZ.L Sortino Ratio Rank: 16
2AMZ.L Omega Ratio Rank: 15
2AMZ.L Calmar Ratio Rank: 8
2AMZ.L Martin Ratio Rank: 8

NVDL

NVDL Risk / Return Rank: 67
NVDL Sharpe Ratio Rank: 63
NVDL Sortino Ratio Rank: 73
NVDL Omega Ratio Rank: 63
NVDL Calmar Ratio Rank: 80
NVDL Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

2AMZ.L vs. NVDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Amazon ETC A GBP (2AMZ.L) and GraniteShares 2x Long NVDA Daily ETF (NVDL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	2AMZ.L	NVDL	Difference
Sharpe ratio Return per unit of total volatility	-0.07	1.05	-1.12
Sortino ratio Return per unit of downside risk	0.36	1.82	-1.46
Omega ratio Gain probability vs. loss probability	1.04	1.23	-0.18
Calmar ratio Return relative to maximum drawdown	-0.22	2.12	-2.34
Martin ratio Return relative to average drawdown	-0.50	4.84	-5.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2AMZ.L vs. NVDL - Sharpe Ratio Comparison

The current 2AMZ.L Sharpe Ratio is -0.07, which is lower than the NVDL Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of 2AMZ.L and NVDL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	2AMZ.L	NVDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	1.05	-1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	1.53	-1.49

Correlation

The correlation between 2AMZ.L and NVDL is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

2AMZ.L vs. NVDL - Dividend Comparison

Neither 2AMZ.L nor NVDL has paid dividends to shareholders.

	TTM	2025	2024	2023
2AMZ.L Leverage Shares 2x Amazon ETC A GBP	0.00%	0.00%	0.00%	0.00%
NVDL GraniteShares 2x Long NVDA Daily ETF	0.00%	0.00%	0.00%	11.29%

Drawdowns

2AMZ.L vs. NVDL - Drawdown Comparison

The maximum 2AMZ.L drawdown since its inception was -84.11%, which is greater than NVDL's maximum drawdown of -69.02%. Use the drawdown chart below to compare losses from any high point for 2AMZ.L and NVDL.

Drawdown Indicators

	2AMZ.L	NVDL	Difference
Max Drawdown Largest peak-to-trough decline	-84.11%	-67.55%	-16.56%
Max Drawdown (1Y) Largest decline over 1 year	-44.87%	-42.23%	-2.64%
Max Drawdown (5Y) Largest decline over 5 years	-84.11%	—	—
Current Drawdown Current decline from peak	-50.69%	-34.75%	-15.94%
Average Drawdown Average peak-to-trough decline	-39.13%	-17.05%	-22.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.84%	17.61%	+2.23%

Volatility

2AMZ.L vs. NVDL - Volatility Comparison

The current volatility for Leverage Shares 2x Amazon ETC A GBP (2AMZ.L) is 18.36%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 19.77%. This indicates that 2AMZ.L experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2AMZ.L	NVDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.36%	19.77%	-1.41%
Volatility (6M) Calculated over the trailing 6-month period	45.63%	51.19%	-5.56%
Volatility (1Y) Calculated over the trailing 1-year period	64.44%	82.09%	-17.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.96%	90.73%	-22.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.77%	90.73%	-17.96%