AMDL vs. AMUU

Last updated Aug 2, 2026

AMDL (GraniteShares 2x Long AMD Daily ETF) and AMUU (Direxion Daily AMD Bull 2X Shares) are both Leveraged Equities funds. AMDL is passively managed, while AMUU is actively managed. Over the past year, AMDL returned 325.41% vs 328.67% for AMUU. Their 1.00 correlation means they have historically moved very closely together. AMDL charges 1.07%/yr vs 0.97%/yr for AMUU.

Performance

AMDL vs. AMUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long AMD Daily ETF (AMDL) and Direxion Daily AMD Bull 2X Shares (AMUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AMDL having a 232.67% return and AMUU slightly higher at 236.52%.

AMDL

• 1D: -3.34%
• 1M: -20.60%
• 6M: 179.62%
• YTD: 232.67%
• 1Y: 325.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 34.79%

AMUU

• 1D: -3.78%
• 1M: -20.79%
• 6M: 183.05%
• YTD: 236.52%
• 1Y: 328.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 332.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMDL GraniteShares 2x Long AMD Daily ETF	$184.60M	$207.34M	$361.62M
AMUU Direxion Daily AMD Bull 2X Shares	$20.61M	$22.17M	$28.17M

AMDL vs. AMUU - Yearly Performance Comparison

	2026 (YTD)	2025
AMDL GraniteShares 2x Long AMD Daily ETF	232.67%	148.80%
AMUU Direxion Daily AMD Bull 2X Shares	236.52%	153.20%

Correlation

The correlation between AMDL and AMUU is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	1.00

The correlation between AMDL and AMUU has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

AMDL vs. AMUU - Sectors Allocation Comparison

Sectors	AMDL	AMUU
Technology	66.7%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AMDL vs. AMUU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMDL

AMDL Risk / Return Rank: 86
AMDL Sharpe Ratio Rank: 89
AMDL Sortino Ratio Rank: 86
AMDL Omega Ratio Rank: 83
AMDL Calmar Ratio Rank: 95
AMDL Martin Ratio Rank: 80

AMUU

AMUU Risk / Return Rank: 86
AMUU Sharpe Ratio Rank: 88
AMUU Sortino Ratio Rank: 85
AMUU Omega Ratio Rank: 83
AMUU Calmar Ratio Rank: 95
AMUU Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMDL vs. AMUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and Direxion Daily AMD Bull 2X Shares (AMUU). 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.

	AMDL	AMUU	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.16	-0.02
Sortino ratio: Return per unit of downside risk	2.84	2.85	-0.01
Omega ratio: Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	5.44	5.46	-0.03
Martin ratio: Return relative to average drawdown	10.24	10.30	-0.06

AMDL vs. AMUU - Sharpe Ratio Comparison

The current AMDL Sharpe Ratio is 2.14, which is comparable to the AMUU Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of AMDL and AMUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMDL vs. AMUU - Drawdown Comparison

The maximum AMDL drawdown since its inception was -88.63%, which is greater than AMUU's maximum drawdown of -56.47%. Use the drawdown chart below to compare losses from any high point for AMDL and AMUU.

Drawdown Indicators

	AMDL	AMUU	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-56.47%	-32.16%
Max Drawdown (1Y) Largest decline over 1 year	-56.13%	-56.31%	+0.18%
Current Drawdown Current decline from peak	-37.49%	-36.90%	-0.59%
Average Drawdown Average peak-to-trough decline	-46.51%	-22.28%	-24.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.74%	29.82%	-0.08%

Volatility

AMDL vs. AMUU - Volatility Comparison

GraniteShares 2x Long AMD Daily ETF (AMDL) and Direxion Daily AMD Bull 2X Shares (AMUU) have volatilities of 48.46% and 48.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDL	AMUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.46%	48.41%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	112.40%	112.17%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	142.48%	142.44%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	120.98%	136.02%	-15.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	120.98%	136.02%	-15.04%

AMDL vs. AMUU - Expense Ratio Comparison

AMDL has a 1.07% expense ratio, which is higher than AMUU's 0.97% expense ratio.

Dividends

AMDL vs. AMUU - Dividend Comparison

AMDL has not paid dividends to shareholders, while AMUU's dividend yield for the trailing twelve months is around 4.47%.

Position	TTM	2025
AMDL GraniteShares 2x Long AMD Daily ETF	0.00%	0.00%
AMUU Direxion Daily AMD Bull 2X Shares	4.47%	13.58%

Frequently Asked Questions

Can I hold both AMDL and AMUU in my portfolio?

With a correlation of 1.00, AMDL and AMUU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AMDL or AMUU?

AMDL has higher volatility (48.46%) compared to AMUU (48.41%). In terms of maximum drawdown, AMDL dropped -88.63% vs AMUU's -56.47%.

Which ETF is better, AMDL or AMUU?

On 1-year performance, AMUU leads with 328.67% vs 325.41% for AMDL. On fees, AMUU is cheaper at 0.97% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDL or AMUU?

Over the 1-year period, AMUU has performed better with a 328.67% return vs 325.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDL or AMUU?

AMUU is cheaper with a 0.97% expense ratio, compared with 1.07% for AMDL.

Which ETF pays a higher dividend yield, AMDL or AMUU?

AMUU has the higher dividend yield at 4.47%, compared with 0.00% for AMDL.

What is the main difference between AMDL and AMUU?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.07% for AMDL and 0.97% for AMUU.

Which has better risk-adjusted returns?

AMUU currently has the higher Sharpe Ratio (2.16 vs 2.14), 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.