AMDG vs. URSP

Last updated Jul 15, 2026

AMDG (Leverage Shares 2X Long AMD Daily ETF) and URSP (ProShares Ultra S&P 500 Equal Weight ETF) are both Leveraged Equities funds. AMDG is actively managed, while URSP is passively managed. At a 0.33 correlation, their price movements are largely independent. AMDG charges 0.75%/yr vs 0.95%/yr for URSP.

Performance

AMDG vs. URSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long AMD Daily ETF (AMDG) and ProShares Ultra S&P 500 Equal Weight ETF (URSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDG achieves a 358.75% return, which is significantly higher than URSP's 21.27% return.

AMDG

• 1D: 4.91%
• 1M: 8.18%
• 6M: 337.94%
• YTD: 358.75%
• 1Y: 690.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

URSP

• 1D: -0.69%
• 1M: 1.93%
• 6M: 13.96%
• YTD: 21.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDG vs. URSP - Yearly Performance Comparison

	2026 (YTD)	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	358.75%	38.19%
URSP ProShares Ultra S&P 500 Equal Weight ETF	21.27%	1.59%

Correlation

The correlation between AMDG and URSP is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025	0.33

Return for Risk

AMDG vs. URSP — 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: 98
AMDG Sortino Ratio Rank: 93
AMDG Omega Ratio Rank: 92
AMDG Calmar Ratio Rank: 98
AMDG Martin Ratio Rank: 95

URSP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. URSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AMD Daily ETF (AMDG) and ProShares Ultra S&P 500 Equal Weight ETF (URSP). 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	URSP	Difference
Sharpe ratio: Return per unit of total volatility	5.06	—	—
Sortino ratio: Return per unit of downside risk	3.74	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	12.34	—	—
Martin ratio: Return relative to average drawdown	23.79	—	—

Drawdowns

AMDG vs. URSP - Drawdown Comparison

The maximum AMDG drawdown since its inception was -63.32%, which is greater than URSP's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for AMDG and URSP.

Drawdown Indicators

	AMDG	URSP	Difference
Max Drawdown Largest peak-to-trough decline	-63.32%	-15.72%	-47.60%
Max Drawdown (1Y) Largest decline over 1 year	-56.48%	—	—
Current Drawdown Current decline from peak	-13.19%	-1.78%	-11.41%
Average Drawdown Average peak-to-trough decline	-24.94%	-2.95%	-21.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.23%	—	—

Volatility

Volatility by Period

	AMDG	URSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	45.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	107.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	137.60%	23.47%	+114.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	133.10%	23.47%	+109.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.10%	23.47%	+109.63%

AMDG vs. URSP - Expense Ratio Comparison

AMDG has a 0.75% expense ratio, which is lower than URSP's 0.95% expense ratio.

Dividends

AMDG vs. URSP - Dividend Comparison

AMDG's dividend yield for the trailing twelve months is around 2.44%, more than URSP's 0.92% yield.

Position	TTM	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	2.44%	11.21%
URSP ProShares Ultra S&P 500 Equal Weight ETF	0.92%	0.38%

Frequently Asked Questions

Can I hold both AMDG and URSP in my portfolio?

AMDG and URSP have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMDG or URSP?

On fees, AMDG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMDG or URSP?

AMDG is cheaper with a 0.75% expense ratio, compared with 0.95% for URSP.

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

AMDG has the higher dividend yield at 2.44%, compared with 0.92% for URSP.

What is the main difference between AMDG and URSP?

They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for AMDG and 0.95% for URSP.