AMDG vs. AMDD

Last updated Jun 23, 2026

AMDG (Leverage Shares 2X Long AMD Daily ETF) and AMDD (Direxion Daily AMD Bear 1X Shares) are both exchange-traded funds - AMDG is a Leveraged Equities fund actively managed by Leverage Shares, while AMDD is a Inverse Equities fund actively managed by Direxion. Both are actively managed. Over the past year, AMDG returned 966.90% vs -84.41% for AMDD. At a correlation of -1.00, they often move in opposite directions. AMDG charges 0.75%/yr vs 0.97%/yr for AMDD.

Performance

AMDG vs. AMDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long AMD Daily ETF (AMDG) and Direxion Daily AMD Bear 1X Shares (AMDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDG achieves a 384.47% return, which is significantly higher than AMDD's -69.43% return.

AMDG

• 1D: 4.82%
• 1M: 30.80%
• YTD: 384.47%
• 6M: 379.60%
• 1Y: 966.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDD

• 1D: -2.37%
• 1M: -19.06%
• YTD: -69.43%
• 6M: -69.25%
• 1Y: -84.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDG vs. AMDD - Yearly Performance Comparison

	2026 (YTD)	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	384.47%	145.39%
AMDD Direxion Daily AMD Bear 1X Shares	-69.43%	-61.12%

Correlation

The correlation between AMDG and AMDD is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-1.00
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	-1.00

The correlation between AMDG and AMDD has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.

Return for Risk

AMDG vs. AMDD — Risk / Return Rank

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

AMDG

AMDG Risk / Return Rank: 95
AMDG Sharpe Ratio Rank: 99
AMDG Sortino Ratio Rank: 92
AMDG Omega Ratio Rank: 91
AMDG Calmar Ratio Rank: 98
AMDG Martin Ratio Rank: 96

AMDD

AMDD Risk / Return Rank: 0
AMDD Sharpe Ratio Rank: 0
AMDD Sortino Ratio Rank: 0
AMDD Omega Ratio Rank: 0
AMDD Calmar Ratio Rank: 0
AMDD Martin Ratio Rank: 1

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.

AMDG vs. AMDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AMD Daily ETF (AMDG) and Direxion Daily AMD Bear 1X Shares (AMDD). 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.

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.

	AMDG	AMDD	Difference
Sharpe ratio: Return per unit of total volatility	7.29	-1.26	+8.55
Sortino ratio: Return per unit of downside risk	4.26	-2.89	+7.15
Omega ratio: Gain probability vs. loss probability	1.57	0.64	+0.92
Calmar ratio: Return relative to maximum drawdown	17.30	-1.00	+18.30
Martin ratio: Return relative to average drawdown	33.56	-1.66	+35.22

AMDG vs. AMDD - Sharpe Ratio Comparison

The current AMDG Sharpe Ratio is 7.29, which is higher than the AMDD Sharpe Ratio of -1.26. The chart below compares the historical Sharpe Ratios of AMDG and AMDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMDG vs. AMDD - Drawdown Comparison

The maximum AMDG drawdown since its inception was -63.32%, smaller than the maximum AMDD drawdown of -91.33%. Use the drawdown chart below to compare losses from any high point for AMDG and AMDD.

Drawdown Indicators

	AMDG	AMDD	Difference
Max Drawdown Largest peak-to-trough decline	-63.32%	-91.33%	+28.01%
Max Drawdown (1Y) Largest decline over 1 year	-56.48%	-84.25%	+27.77%
Current Drawdown Current decline from peak	-1.34%	-91.33%	+89.99%
Average Drawdown Average peak-to-trough decline	-25.43%	-57.32%	+31.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.05%	51.31%	-22.26%

Volatility

AMDG vs. AMDD - Volatility Comparison

Leverage Shares 2X Long AMD Daily ETF (AMDG) has a higher volatility of 46.43% compared to Direxion Daily AMD Bear 1X Shares (AMDD) at 23.22%. This indicates that AMDG's price experiences larger fluctuations and is considered to be riskier than AMDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDG	AMDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.43%	23.22%	+23.21%
Volatility (6M) Calculated over the trailing 6-month period	101.85%	52.12%	+49.73%
Volatility (1Y) Calculated over the trailing 1-year period	134.21%	67.32%	+66.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	132.22%	66.75%	+65.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	132.22%	66.75%	+65.47%

AMDG vs. AMDD - Expense Ratio Comparison

AMDG has a 0.75% expense ratio, which is lower than AMDD's 0.97% expense ratio.

Dividends

AMDG vs. AMDD - Dividend Comparison

AMDG's dividend yield for the trailing twelve months is around 2.31%, less than AMDD's 19.20% yield.

Position	TTM	2025
AMDD Direxion Daily AMD Bear 1X Shares	19.20%	5.51%
AMDG Leverage Shares 2X Long AMD Daily ETF	2.31%	11.21%

Frequently Asked Questions

Can I hold both AMDG and AMDD in my portfolio?

AMDG and AMDD have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMDG or AMDD?

AMDG has higher volatility (46.43%) compared to AMDD (23.22%). In terms of maximum drawdown, AMDG dropped -63.32% vs AMDD's -91.33%.

Which ETF is better, AMDG or AMDD?

On 1-year performance, AMDG leads with 966.90% vs -84.41% for AMDD. On fees, AMDG is cheaper at 0.75% per year. On volatility, AMDD has been the lower-risk option at 23.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDG or AMDD?

Over the 1-year period, AMDG has performed better with a 966.90% return vs -84.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDG or AMDD?

AMDG is cheaper with a 0.75% expense ratio, compared with 0.97% for AMDD.

Which ETF pays a higher dividend yield, AMDG or AMDD?

AMDD has the higher dividend yield at 19.20%, compared with 2.31% for AMDG.

What is the main difference between AMDG and AMDD?

AMDG is categorized as Leveraged Equities, while AMDD is Inverse Equities. They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for AMDG and 0.97% for AMDD.

Which has better risk-adjusted returns?

AMDG currently has the higher Sharpe Ratio (7.29 vs -1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.