AMDG vs. SPUU

Last updated Jun 4, 2026

AMDG (Leverage Shares 2X Long AMD Daily ETF) and SPUU (Direxion Daily S&P 500 Bull 2x Shares) are both Leveraged Equities funds. AMDG is actively managed, while SPUU is passively managed. Over the past year, AMDG returned 1172.87% vs 53.61% for SPUU. A 0.59 correlation means they provide meaningful diversification when combined. AMDG charges 0.75%/yr vs 0.64%/yr for SPUU.

Performance

AMDG vs. SPUU - 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 S&P 500 Bull 2x Shares (SPUU). 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 higher than SPUU's 19.82% return.

AMDG

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

SPUU

• 1D: -1.27%
• 1M: 10.01%
• YTD: 19.82%
• 6M: 19.11%
• 1Y: 53.61%
• 3Y*: 38.21%
• 5Y*: 20.19%
• 10Y*: 24.77%

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

AMDG vs. SPUU - Yearly Performance Comparison

	2026 (YTD)	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	391.03%	96.98%
SPUU Direxion Daily S&P 500 Bull 2x Shares	19.82%	18.24%

Correlation

The correlation between AMDG and SPUU is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Jan 27, 2025	0.59

The correlation between AMDG and SPUU has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.

Return for Risk

AMDG vs. SPUU — 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

SPUU

SPUU Risk / Return Rank: 63
SPUU Sharpe Ratio Rank: 67
SPUU Sortino Ratio Rank: 60
SPUU Omega Ratio Rank: 60
SPUU Calmar Ratio Rank: 59
SPUU Martin Ratio Rank: 69

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. SPUU - 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 S&P 500 Bull 2x Shares (SPUU). 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	SPUU	Difference
Sharpe ratio: Return per unit of total volatility	9.15	2.26	+6.89
Sortino ratio: Return per unit of downside risk	4.75	2.87	+1.88
Omega ratio: Gain probability vs. loss probability	1.63	1.38	+0.25
Calmar ratio: Return relative to maximum drawdown	20.99	2.96	+18.03
Martin ratio: Return relative to average drawdown	41.10	13.06	+28.04
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. SPUU - Sharpe Ratio Comparison

The current AMDG Sharpe Ratio is 9.15, which is higher than the SPUU Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of AMDG and SPUU, 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	SPUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	9.15	2.26	+6.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.36	0.63	+2.73

Drawdowns

AMDG vs. SPUU - Drawdown Comparison

The maximum AMDG drawdown since its inception was -63.04%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for AMDG and SPUU.

Drawdown Indicators

	AMDG	SPUU	Difference
Max Drawdown Largest peak-to-trough decline	-63.04%	-59.35%	-3.69%
Max Drawdown (1Y) Largest decline over 1 year	-56.48%	-18.19%	-38.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-35.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.35%	—
Current Drawdown Current decline from peak	0.00%	-1.27%	+1.27%
Average Drawdown Average peak-to-trough decline	-25.70%	-9.51%	-16.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.80%	4.12%	+24.68%

Volatility

AMDG vs. SPUU - Volatility Comparison

Leverage Shares 2X Long AMD Daily ETF (AMDG) has a higher volatility of 45.35% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 5.71%. This indicates that AMDG's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDG	SPUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.35%	5.71%	+39.64%
Volatility (6M) Calculated over the trailing 6-month period	94.94%	18.09%	+76.85%
Volatility (1Y) Calculated over the trailing 1-year period	129.64%	23.90%	+105.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	130.26%	33.46%	+96.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	130.26%	35.77%	+94.49%

AMDG vs. SPUU - Expense Ratio Comparison

AMDG has a 0.75% expense ratio, which is higher than SPUU's 0.64% expense ratio.

Dividends

AMDG vs. SPUU - Dividend Comparison

AMDG's dividend yield for the trailing twelve months is around 2.28%, more than SPUU's 1.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
SPUU Direxion Daily S&P 500 Bull 2x Shares	1.34%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%

Frequently Asked Questions

Can I hold both AMDG and SPUU in my portfolio?

AMDG and SPUU have a correlation of 0.53, 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 SPUU?

AMDG has higher volatility (45.35%) compared to SPUU (5.71%). In terms of maximum drawdown, AMDG dropped -63.04% vs SPUU's -59.35%.

Which ETF is better, AMDG or SPUU?

On 1-year performance, AMDG leads with 1172.87% vs 53.61% for SPUU. On fees, SPUU is cheaper at 0.64% per year. On volatility, SPUU has been the lower-risk option at 5.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDG or SPUU?

Over the 1-year period, AMDG has performed better with a 1172.87% return vs 53.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDG or SPUU?

SPUU is cheaper with a 0.64% expense ratio, compared with 0.75% for AMDG.

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

AMDG has the higher dividend yield at 2.28%, compared with 1.34% for SPUU.

What is the main difference between AMDG and SPUU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for AMDG and 0.64% for SPUU.

Which has better risk-adjusted returns?

AMDG currently has the higher Sharpe Ratio (9.15 vs 2.26), 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.