AMDG vs. FDL
AMDG (Leverage Shares 2X Long AMD Daily ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - AMDG is a Leveraged Equities fund actively managed by Leverage Shares, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. AMDG is actively managed, while FDL is passively managed. Over the past year, AMDG returned 314.43% vs 26.71% for FDL. Their -0.04 correlation means they have often moved in opposite directions in the past. AMDG charges 0.75%/yr vs 0.43%/yr for FDL.
Performance
AMDG vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, AMDG achieves a 236.37% return, which is significantly higher than FDL's 18.60% return.
AMDG
- 1D
- -16.51%
- 1M
- -28.69%
- 6M
- 317.36%
- YTD
- 236.37%
- 1Y
- 314.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 243.08%
FDL
- 1D
- -0.54%
- 1M
- 4.47%
- 6M
- 5.75%
- YTD
- 18.60%
- 1Y
- 26.71%
- 3Y*
- 19.02%
- 5Y*
- 13.96%
- 10Y*
- 11.08%
- ALL TIME*
- 8.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.61M | $8.51M | $8.43M | |
| $48.97M | $49.30M | $42.41M |
AMDG vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMDG Leverage Shares 2X Long AMD Daily ETF | 236.37% | 95.49% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 18.60% | 12.49% |
Correlation
The correlation between AMDG and FDL is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025 | -0.04 |
The correlation between AMDG and FDL shifts across timeframes, from -0.17 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AMDG vs. FDL — Risk / Return Rank
AMDG
FDL
AMDG vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AMD Daily ETF (AMDG) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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 | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.61 | 6.28 | -0.67 |
| Martin ratioReturn relative to average drawdown | 10.48 | 14.78 | -4.30 |
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Drawdowns
AMDG vs. FDL - Drawdown Comparison
The maximum AMDG drawdown since its inception was -63.32%, roughly equal to the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for AMDG and FDL.
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Drawdown Indicators
| AMDG | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.32% | -65.93% | +2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -56.48% | -4.27% | -52.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | -36.35% | -1.60% | -34.75% |
Average DrawdownAverage peak-to-trough decline | -25.10% | -9.59% | -15.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.18% | 1.81% | +28.37% |
Volatility
AMDG vs. FDL - Volatility Comparison
Leverage Shares 2X Long AMD Daily ETF (AMDG) has a higher volatility of 50.77% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 4.48%. This indicates that AMDG's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMDG | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 50.77% | 4.48% | +46.29% |
Volatility (6M)Calculated over the trailing 6-month period | 114.85% | 8.63% | +106.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 144.60% | 11.88% | +132.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 136.13% | 14.43% | +121.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 136.13% | 17.16% | +118.97% |
AMDG vs. FDL - Expense Ratio Comparison
AMDG has a 0.75% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
AMDG vs. FDL - Dividend Comparison
AMDG's dividend yield for the trailing twelve months is around 3.33%, less than FDL's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMDG Leverage Shares 2X Long AMD Daily ETF | 3.33% | 11.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.58% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
Frequently Asked Questions
AMDG and FDL have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDG has higher volatility (50.77%) compared to FDL (4.48%). In terms of maximum drawdown, AMDG dropped -63.32% vs FDL's -65.93%.
On 1-year performance, AMDG leads with 314.43% vs 26.71% for FDL. On fees, FDL is cheaper at 0.43% per year. On volatility, FDL has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AMDG has performed better with a 314.43% return vs 26.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.43% expense ratio, compared with 0.75% for AMDG.
FDL has the higher dividend yield at 3.58%, compared with 3.33% for AMDG.
AMDG is categorized as Leveraged Equities, while FDL is Large Cap Value Equities. They also come from different issuers: Leverage Shares and First Trust. Their fees differ too: 0.75% for AMDG and 0.43% for FDL.
FDL currently has the higher Sharpe Ratio (2.26 vs 2.19), 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.
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