AMDG vs. SOXL

Last updated Jun 4, 2026

AMDG (Leverage Shares 2X Long AMD Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. AMDG is actively managed, while SOXL is passively managed. Over the past year, AMDG returned 1172.87% vs 1438.30% for SOXL. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

AMDG vs. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDG achieves a 391.03% return, which is significantly lower than SOXL's 567.48% return.

AMDG

• 1D: 7.70%
• 1M: 134.89%
• YTD: 391.03%
• 6M: 367.32%
• 1Y: 1,172.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 5.34%
• 1M: 119.95%
• YTD: 567.48%
• 6M: 502.28%
• 1Y: 1,438.30%
• 3Y*: 135.13%
• 5Y*: 48.72%
• 10Y*: 65.39%

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

AMDG vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	391.03%	96.98%
SOXL Direxion Daily Semiconductor Bull 3X ETF	567.48%	29.57%

Correlation

The correlation between AMDG and SOXL is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 27, 2025	0.75

The correlation between AMDG and SOXL has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

Return for Risk

AMDG vs. SOXL — Risk / Return Rank

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

AMDG

AMDG Risk / Return Rank: 96
AMDG Sharpe Ratio Rank: 99
AMDG Sortino Ratio Rank: 93
AMDG Omega Ratio Rank: 92
AMDG Calmar Ratio Rank: 99
AMDG Martin Ratio Rank: 97

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 95
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

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. SOXL - 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 Semiconductor Bull 3X ETF (SOXL). 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.

	AMDG	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	9.15	14.28	-5.13
Sortino ratio: Return per unit of downside risk	4.75	5.17	-0.43
Omega ratio: Gain probability vs. loss probability	1.63	1.72	-0.09
Calmar ratio: Return relative to maximum drawdown	20.99	33.47	-12.48
Martin ratio: Return relative to average drawdown	41.10	114.79	-73.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMDG vs. SOXL - Sharpe Ratio Comparison

The current AMDG Sharpe Ratio is 9.15, which is lower than the SOXL Sharpe Ratio of 14.28. The chart below compares the historical Sharpe Ratios of AMDG and SOXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMDG	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.15	14.28	-5.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.36	0.52	+2.85

Drawdowns

AMDG vs. SOXL - Drawdown Comparison

The maximum AMDG drawdown since its inception was -63.04%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for AMDG and SOXL.

Drawdown Indicators

	AMDG	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-63.04%	-90.46%	+27.42%
Max Drawdown (1Y) Largest decline over 1 year	-56.48%	-43.47%	-13.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-25.70%	-35.01%	+9.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.80%	12.65%	+16.15%

Volatility

AMDG vs. SOXL - Volatility Comparison

Leverage Shares 2X Long AMD Daily ETF (AMDG) has a higher volatility of 45.35% compared to Direxion Daily Semiconductor Bull 3X ETF (SOXL) at 40.82%. This indicates that AMDG's price experiences larger fluctuations and is considered to be riskier than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDG	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.35%	40.82%	+4.53%
Volatility (6M) Calculated over the trailing 6-month period	94.94%	81.29%	+13.65%
Volatility (1Y) Calculated over the trailing 1-year period	129.64%	102.11%	+27.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	130.26%	107.25%	+23.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	130.26%	99.04%	+31.22%

AMDG vs. SOXL - Expense Ratio Comparison

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

Dividends

AMDG vs. SOXL - Dividend Comparison

AMDG's dividend yield for the trailing twelve months is around 2.28%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AMDG Leverage Shares 2X Long AMD Daily ETF	2.28%	11.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both AMDG and SOXL in my portfolio?

AMDG and SOXL have a correlation of 0.72, 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 SOXL?

AMDG has higher volatility (45.35%) compared to SOXL (40.82%). In terms of maximum drawdown, AMDG dropped -63.04% vs SOXL's -90.46%.

Which ETF is better, AMDG or SOXL?

On 1-year performance, SOXL leads with 1438.30% vs 1172.87% for AMDG. Both ETFs have the same 0.75% expense ratio. On volatility, SOXL has been the lower-risk option at 40.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDG or SOXL?

Over the 1-year period, SOXL has performed better with a 1438.30% return vs 1172.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDG or SOXL?

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

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

AMDG has the higher dividend yield at 2.28%, compared with 0.03% for SOXL.

What is the main difference between AMDG and SOXL?

They also come from different issuers: Leverage Shares and Direxion.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (14.28 vs 9.15), 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.