AMDG vs. AMDL

Last updated Jun 23, 2026

AMDG (Leverage Shares 2X Long AMD Daily ETF) and AMDL (GraniteShares 2x Long AMD Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, AMDG returned 966.90% vs 978.63% for AMDL. With a 1.00 correlation, they move nearly in lockstep. AMDG charges 0.75%/yr vs 1.15%/yr for AMDL.

Performance

AMDG vs. AMDL - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with AMDG having a 384.47% return and AMDL slightly higher at 386.95%.

AMDG

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

AMDL

• 1D: 5.43%
• 1M: 30.82%
• YTD: 386.95%
• 6M: 382.29%
• 1Y: 978.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDG vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	384.47%	95.49%
AMDL GraniteShares 2x Long AMD Daily ETF	386.95%	98.85%

Correlation

The correlation between AMDG and AMDL is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	1.00

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

Return for Risk

AMDG vs. AMDL — 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

AMDL

AMDL Risk / Return Rank: 95
AMDL Sharpe Ratio Rank: 99
AMDL Sortino Ratio Rank: 93
AMDL Omega Ratio Rank: 91
AMDL Calmar Ratio Rank: 98
AMDL Martin Ratio Rank: 96

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. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AMD Daily ETF (AMDG) and GraniteShares 2x Long AMD Daily ETF (AMDL). 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	AMDL	Difference
Sharpe ratio: Return per unit of total volatility	7.29	7.39	-0.10
Sortino ratio: Return per unit of downside risk	4.26	4.31	-0.04
Omega ratio: Gain probability vs. loss probability	1.57	1.57	0.00
Calmar ratio: Return relative to maximum drawdown	17.30	17.62	-0.32
Martin ratio: Return relative to average drawdown	33.56	34.27	-0.71

AMDG vs. AMDL - Sharpe Ratio Comparison

The current AMDG Sharpe Ratio is 7.29, which is comparable to the AMDL Sharpe Ratio of 7.39. The chart below compares the historical Sharpe Ratios of AMDG and AMDL, 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. AMDL - Drawdown Comparison

The maximum AMDG drawdown since its inception was -63.32%, smaller than the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for AMDG and AMDL.

Drawdown Indicators

	AMDG	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-63.32%	-88.63%	+25.31%
Max Drawdown (1Y) Largest decline over 1 year	-56.48%	-56.13%	-0.35%
Current Drawdown Current decline from peak	-1.34%	-1.66%	+0.32%
Average Drawdown Average peak-to-trough decline	-25.43%	-47.80%	+22.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.05%	28.80%	+0.25%

Volatility

AMDG vs. AMDL - Volatility Comparison

Leverage Shares 2X Long AMD Daily ETF (AMDG) and GraniteShares 2x Long AMD Daily ETF (AMDL) have volatilities of 46.43% and 46.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDG	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.43%	46.96%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	101.85%	101.28%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	134.21%	134.09%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	132.22%	118.34%	+13.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	132.22%	118.34%	+13.88%

AMDG vs. AMDL - Expense Ratio Comparison

AMDG has a 0.75% expense ratio, which is lower than AMDL's 1.15% expense ratio.

Dividends

AMDG vs. AMDL - Dividend Comparison

AMDG's dividend yield for the trailing twelve months is around 2.31%, while AMDL has not paid dividends to shareholders.

Position	TTM	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	2.31%	11.21%
AMDL GraniteShares 2x Long AMD Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMDG and AMDL in my portfolio?

With a correlation of 1.00, AMDG and AMDL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AMDG or AMDL?

AMDL has higher volatility (46.96%) compared to AMDG (46.43%). In terms of maximum drawdown, AMDG dropped -63.32% vs AMDL's -88.63%.

Which ETF is better, AMDG or AMDL?

On 1-year performance, AMDL leads with 978.63% vs 966.90% for AMDG. On fees, AMDG is cheaper at 0.75% per year. On volatility, AMDG has been the lower-risk option at 46.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDG or AMDL?

Over the 1-year period, AMDL has performed better with a 978.63% return vs 966.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDG or AMDL?

AMDG is cheaper with a 0.75% expense ratio, compared with 1.15% for AMDL.

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

AMDG has the higher dividend yield at 2.31%, compared with 0.00% for AMDL.

What is the main difference between AMDG and AMDL?

They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for AMDG and 1.15% for AMDL.

Which has better risk-adjusted returns?

AMDL currently has the higher Sharpe Ratio (7.39 vs 7.29), 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.