AMDL vs. BABA
Compare and contrast key facts about GraniteShares 2x Long AMD Daily ETF (AMDL) and Alibaba Group Holding Limited (BABA).
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 BABA.
Correlation
The correlation between AMDL and BABA is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AMDL vs. BABA - Performance Comparison
Key characteristics
AMDL:
-0.76
BABA:
1.25
AMDL:
-1.40
BABA:
1.89
AMDL:
0.83
BABA:
1.24
AMDL:
-0.91
BABA:
0.74
AMDL:
-1.64
BABA:
3.66
AMDL:
49.33%
BABA:
15.77%
AMDL:
106.96%
BABA:
46.10%
AMDL:
-88.63%
BABA:
-80.09%
AMDL:
-86.59%
BABA:
-64.92%
Returns By Period
In the year-to-date period, AMDL achieves a -55.35% return, which is significantly lower than BABA's 28.40% return.
AMDL
-55.35%
-39.68%
-74.70%
-75.97%
N/A
N/A
BABA
28.40%
-20.48%
6.29%
58.97%
-12.14%
3.10%
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Risk-Adjusted Performance
AMDL vs. BABA — Risk-Adjusted Performance Rank
AMDL
BABA
AMDL vs. BABA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and Alibaba Group Holding Limited (BABA). 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. BABA - Dividend Comparison
AMDL has not paid dividends to shareholders, while BABA's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | 0.00% | 0.00% | 0.00% |
BABA Alibaba Group Holding Limited | 0.61% | 0.78% | 1.29% |
Drawdowns
AMDL vs. BABA - Drawdown Comparison
The maximum AMDL drawdown since its inception was -88.63%, which is greater than BABA's maximum drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for AMDL and BABA. For additional features, visit the drawdowns tool.
Volatility
AMDL vs. BABA - Volatility Comparison
GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 59.90% compared to Alibaba Group Holding Limited (BABA) at 19.13%. This indicates that AMDL's price experiences larger fluctuations and is considered to be riskier than BABA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.