AMDL vs. AMDY

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares 2x Long AMD Daily ETF (AMDL) and YieldMax AMD Option Income Strategy ETF (AMDY).

AMDL and AMDY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMDL is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024. AMDY is an actively managed fund by YieldMax. It was launched on Sep 18, 2023.

Performance

AMDL vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long AMD Daily ETF (AMDL) and YieldMax AMD Option Income Strategy ETF (AMDY). The values are adjusted to include any dividend payments, if applicable.

AMDL vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMDL GraniteShares 2x Long AMD Daily ETF	-21.48%	103.00%	-69.97%
AMDY YieldMax AMD Option Income Strategy ETF	-6.22%	53.93%	-26.26%

Returns By Period

In the year-to-date period, AMDL achieves a -21.48% return, which is significantly lower than AMDY's -6.22% return.

AMDL

• 1D: 7.48%
• 1M: -0.41%
• YTD: -21.48%
• 6M: 18.20%
• 1Y: 137.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDY

• 1D: 3.20%
• 1M: 5.17%
• YTD: -6.22%
• 6M: 18.64%
• 1Y: 65.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDL vs. AMDY - Expense Ratio Comparison

AMDL has a 1.15% expense ratio, which is higher than AMDY's 0.99% expense ratio.

AMDL

GraniteShares 2x Long AMD Daily ETF

AMDY

YieldMax AMD Option Income Strategy ETF

Return for Risk

AMDL vs. AMDY — Risk / Return Rank

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

AMDL

AMDL Risk / Return Rank: 72
AMDL Sharpe Ratio Rank: 63
AMDL Sortino Ratio Rank: 84
AMDL Omega Ratio Rank: 77
AMDL Calmar Ratio Rank: 85
AMDL Martin Ratio Rank: 52

AMDY

AMDY Risk / Return Rank: 73
AMDY Sharpe Ratio Rank: 73
AMDY Sortino Ratio Rank: 77
AMDY Omega Ratio Rank: 75
AMDY Calmar Ratio Rank: 84
AMDY Martin Ratio Rank: 56

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.

AMDL vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and YieldMax AMD Option Income Strategy ETF (AMDY). 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.

	AMDL	AMDY	Difference
Sharpe ratio Return per unit of total volatility	1.07	1.25	-0.18
Sortino ratio Return per unit of downside risk	2.17	1.91	+0.26
Omega ratio Gain probability vs. loss probability	1.28	1.27	+0.01
Calmar ratio Return relative to maximum drawdown	2.41	2.35	+0.06
Martin ratio Return relative to average drawdown	4.72	5.17	-0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMDL vs. AMDY - Sharpe Ratio Comparison

The current AMDL Sharpe Ratio is 1.07, which is comparable to the AMDY Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of AMDL and AMDY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMDL	AMDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.25	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	-0.27	0.41	-0.68

Correlation

The correlation between AMDL and AMDY is 0.98, 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.

Dividends

AMDL vs. AMDY - Dividend Comparison

AMDL has not paid dividends to shareholders, while AMDY's dividend yield for the trailing twelve months is around 97.21%.

	TTM	2025	2024	2023
AMDL GraniteShares 2x Long AMD Daily ETF	0.00%	0.00%	0.00%	0.00%
AMDY YieldMax AMD Option Income Strategy ETF	97.21%	80.68%	109.98%	6.68%

Drawdowns

AMDL vs. AMDY - Drawdown Comparison

The maximum AMDL drawdown since its inception was -88.63%, which is greater than AMDY's maximum drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for AMDL and AMDY.

Drawdown Indicators

	AMDL	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-53.92%	-34.71%
Max Drawdown (1Y) Largest decline over 1 year	-56.13%	-27.59%	-28.54%
Current Drawdown Current decline from peak	-52.14%	-20.43%	-31.71%
Average Drawdown Average peak-to-trough decline	-51.71%	-19.00%	-32.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.66%	12.53%	+16.13%

Volatility

AMDL vs. AMDY - Volatility Comparison

GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 32.68% compared to YieldMax AMD Option Income Strategy ETF (AMDY) at 12.25%. This indicates that AMDL's price experiences larger fluctuations and is considered to be riskier than AMDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDL	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.68%	12.25%	+20.43%
Volatility (6M) Calculated over the trailing 6-month period	97.70%	40.62%	+57.08%
Volatility (1Y) Calculated over the trailing 1-year period	129.18%	52.23%	+76.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.42%	43.80%	+67.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.42%	43.80%	+67.62%