AMDL vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about GraniteShares 2x Long AMD Daily ETF (AMDL) and Bitcoin (BTC-USD).

AMDL is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024.

Performance

AMDL vs. BTC-USD - Performance Comparison

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

AMDL vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMDL GraniteShares 2x Long AMD Daily ETF	-16.14%	103.00%	-69.97%
BTC-USD Bitcoin	-21.63%	-6.27%	38.07%

Returns By Period

In the year-to-date period, AMDL achieves a -16.14% return, which is significantly higher than BTC-USD's -21.63% return.

AMDL

• 1D: 6.80%
• 1M: 8.31%
• YTD: -16.14%
• 6M: 22.90%
• 1Y: 153.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

AMDL vs. BTC-USD — 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: 65
AMDL Sortino Ratio Rank: 83
AMDL Omega Ratio Rank: 76
AMDL Calmar Ratio Rank: 86
AMDL Martin Ratio Rank: 53

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and Bitcoin (BTC-USD). 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	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	1.19	-0.44	+1.63
Sortino ratio Return per unit of downside risk	2.25	-0.38	+2.63
Omega ratio Gain probability vs. loss probability	1.29	0.96	+0.33
Calmar ratio Return relative to maximum drawdown	2.74	-1.11	+3.84
Martin ratio Return relative to average drawdown	5.33	-1.99	+7.32
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. BTC-USD - Sharpe Ratio Comparison

The current AMDL Sharpe Ratio is 1.19, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of AMDL and BTC-USD, 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	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	-0.44	+1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	1.19	-1.44

Correlation

The correlation between AMDL and BTC-USD is 0.28, 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.

Drawdowns

AMDL vs. BTC-USD - Drawdown Comparison

The maximum AMDL drawdown since its inception was -88.63%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for AMDL and BTC-USD.

Drawdown Indicators

	AMDL	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-85.30%	-3.33%
Max Drawdown (1Y) Largest decline over 1 year	-56.13%	-49.65%	-6.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-76.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-48.88%	-45.02%	-3.86%
Average Drawdown Average peak-to-trough decline	-51.70%	-41.99%	-9.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.83%	27.60%	+1.23%

Volatility

AMDL vs. BTC-USD - Volatility Comparison

GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 32.16% compared to Bitcoin (BTC-USD) at 13.58%. This indicates that AMDL's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDL	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.16%	13.58%	+18.58%
Volatility (6M) Calculated over the trailing 6-month period	97.91%	35.98%	+61.93%
Volatility (1Y) Calculated over the trailing 1-year period	129.32%	36.76%	+92.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.41%	46.90%	+64.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.41%	56.70%	+54.71%