AMDG vs. ARMG

Last updated Aug 2, 2026

AMDG (Leverage Shares 2X Long AMD Daily ETF) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past year, AMDG returned 319.90% vs 59.59% for ARMG. Their 0.61 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.

Performance

AMDG vs. ARMG - Performance Comparison

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

Returns By Period

In the year-to-date period, AMDG achieves a 230.68% return, which is significantly higher than ARMG's 190.00% return.

AMDG

• 1D: -3.81%
• 1M: -20.14%
• 6M: 179.34%
• YTD: 230.68%
• 1Y: 319.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 243.04%

ARMG

• 1D: -1.25%
• 1M: -46.26%
• 6M: 220.35%
• YTD: 190.00%
• 1Y: 59.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMDG Leverage Shares 2X Long AMD Daily ETF	$8.00M	$7.90M	$8.98M
ARMG Leverage Shares 2X Long ARM Daily ETF	$14.17M	$20.37M	$65.80M

AMDG vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	230.68%	95.49%
ARMG Leverage Shares 2X Long ARM Daily ETF	190.00%	-72.14%

Correlation

The correlation between AMDG and ARMG is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	0.61

The correlation between AMDG and ARMG has been stable across timeframes, ranging from 0.60 to 0.61 - a consistent structural relationship.

Return for Risk

AMDG vs. ARMG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMDG

AMDG Risk / Return Rank: 86
AMDG Sharpe Ratio Rank: 88
AMDG Sortino Ratio Rank: 85
AMDG Omega Ratio Rank: 82
AMDG Calmar Ratio Rank: 95
AMDG Martin Ratio Rank: 78

ARMG

ARMG Risk / Return Rank: 29
ARMG Sharpe Ratio Rank: 19
ARMG Sortino Ratio Rank: 45
ARMG Omega Ratio Rank: 41
ARMG Calmar Ratio Rank: 23
ARMG Martin Ratio Rank: 20

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMDG vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AMD Daily ETF (AMDG) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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	ARMG	Difference
Sharpe ratio: Return per unit of total volatility	2.10	0.35	+1.75
Sortino ratio: Return per unit of downside risk	2.81	1.63	+1.18
Omega ratio: Gain probability vs. loss probability	1.35	1.19	+0.16
Calmar ratio: Return relative to maximum drawdown	5.31	0.66	+4.64
Martin ratio: Return relative to average drawdown	9.98	1.23	+8.74

AMDG vs. ARMG - Sharpe Ratio Comparison

The current AMDG Sharpe Ratio is 2.10, which is higher than the ARMG Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of AMDG and ARMG, 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. ARMG - Drawdown Comparison

The maximum AMDG drawdown since its inception was -63.32%, smaller than the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for AMDG and ARMG.

Drawdown Indicators

	AMDG	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-63.32%	-80.28%	+16.96%
Max Drawdown (1Y) Largest decline over 1 year	-56.48%	-76.64%	+20.16%
Current Drawdown Current decline from peak	-37.43%	-73.55%	+36.12%
Average Drawdown Average peak-to-trough decline	-25.05%	-52.13%	+27.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.98%	41.08%	-11.10%

Volatility

AMDG vs. ARMG - Volatility Comparison

Leverage Shares 2X Long AMD Daily ETF (AMDG) and Leverage Shares 2X Long ARM Daily ETF (ARMG) have volatilities of 49.04% and 50.86%, 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	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	49.04%	50.86%	-1.82%
Volatility (6M) Calculated over the trailing 6-month period	113.22%	128.29%	-15.07%
Volatility (1Y) Calculated over the trailing 1-year period	142.79%	149.49%	-6.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	135.20%	145.42%	-10.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	135.20%	145.42%	-10.22%

AMDG vs. ARMG - Expense Ratio Comparison

Both AMDG and ARMG have an expense ratio of 0.75%.

Dividends

AMDG vs. ARMG - Dividend Comparison

AMDG's dividend yield for the trailing twelve months is around 3.39%, more than ARMG's 1.68% yield.

Position	TTM	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	3.39%	11.21%
ARMG Leverage Shares 2X Long ARM Daily ETF	1.68%	4.86%

Frequently Asked Questions

Can I hold both AMDG and ARMG in my portfolio?

AMDG and ARMG have a correlation of 0.60, 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 ARMG?

ARMG has higher volatility (50.86%) compared to AMDG (49.04%). In terms of maximum drawdown, AMDG dropped -63.32% vs ARMG's -80.28%.

Which ETF is better, AMDG or ARMG?

On 1-year performance, AMDG leads with 319.90% vs 59.59% for ARMG. Both ETFs have the same 0.75% expense ratio. On volatility, AMDG has been the lower-risk option at 49.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDG or ARMG?

Over the 1-year period, AMDG has performed better with a 319.90% return vs 59.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDG or ARMG?

AMDG and ARMG have the same expense ratio: 0.75% per year.

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

AMDG has the higher dividend yield at 3.39%, compared with 1.68% for ARMG.

Which has better risk-adjusted returns?

AMDG currently has the higher Sharpe Ratio (2.10 vs 0.35), 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.