AMDL vs. AMD
Compare and contrast key facts about GraniteShares 2x Long AMD Daily ETF (AMDL) and Advanced Micro Devices, Inc. (AMD).
AMDL is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMDL or AMD.
Correlation
The correlation between AMDL and AMD is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AMDL vs. AMD - Performance Comparison
Key characteristics
AMDL:
-0.76
AMD:
-0.87
AMDL:
-1.40
AMD:
-1.26
AMDL:
0.83
AMD:
0.85
AMDL:
-0.91
AMD:
-0.74
AMDL:
-1.64
AMD:
-1.71
AMDL:
49.33%
AMD:
27.20%
AMDL:
106.96%
AMD:
53.45%
AMDL:
-88.63%
AMD:
-96.57%
AMDL:
-86.59%
AMD:
-58.61%
Returns By Period
In the year-to-date period, AMDL achieves a -55.35% return, which is significantly lower than AMD's -27.56% return.
AMDL
-55.35%
-39.68%
-74.70%
-75.97%
N/A
N/A
AMD
-27.56%
-18.33%
-43.90%
-40.33%
8.99%
44.16%
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Risk-Adjusted Performance
AMDL vs. AMD — Risk-Adjusted Performance Rank
AMDL
AMD
AMDL vs. AMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and Advanced Micro Devices, Inc. (AMD). 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.
Dividends
AMDL vs. AMD - Dividend Comparison
Neither AMDL nor AMD has paid dividends to shareholders.
Drawdowns
AMDL vs. AMD - Drawdown Comparison
The maximum AMDL drawdown since its inception was -88.63%, smaller than the maximum AMD drawdown of -96.57%. Use the drawdown chart below to compare losses from any high point for AMDL and AMD. For additional features, visit the drawdowns tool.
Volatility
AMDL vs. AMD - Volatility Comparison
GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 59.90% compared to Advanced Micro Devices, Inc. (AMD) at 30.87%. This indicates that AMDL's price experiences larger fluctuations and is considered to be riskier than AMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.