AMDL vs. BTC-USD
AMDL (GraniteShares 2x Long AMD Daily ETF) is Leveraged Equities fund tracking the Advanced Micro Devices, Inc. (200%), while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, AMDL returned 696.99% vs -45.95% for BTC-USD. At a 0.27 correlation, their price movements are largely independent.
Performance
AMDL vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, AMDL achieves a 359.74% return, which is significantly higher than BTC-USD's -25.95% return.
AMDL
- 1D
- 4.81%
- 1M
- 8.09%
- 6M
- 336.71%
- YTD
- 359.74%
- 1Y
- 696.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 4.06%
- 1M
- -1.40%
- 6M
- -32.07%
- YTD
- -25.95%
- 1Y
- -45.95%
- 3Y*
- 28.83%
- 5Y*
- 15.25%
- 10Y*
- 58.05%
AMDL vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | 359.74% | 103.00% | -69.97% |
BTC-USD Bitcoin | -25.95% | -6.27% | 36.60% |
Correlation
The correlation between AMDL and BTC-USD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | 0.27 |
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Return for Risk
AMDL vs. BTC-USD — Risk / Return Rank
AMDL
BTC-USD
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.
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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.19 | ||
| Sortino ratioReturn per unit of downside risk | +5.40 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.84 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 12.53 | -0.87 | +13.40 |
| Martin ratioReturn relative to average drawdown | 24.23 | -1.40 | +25.64 |
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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.
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Drawdown Indicators
| AMDL | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -85.30% | -3.33% |
Max Drawdown (1Y)Largest decline over 1 year | -56.13% | -53.08% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -13.61% | -48.05% | +34.44% |
Average DrawdownAverage peak-to-trough decline | -46.91% | -42.56% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.98% | 29.09% | -0.11% |
Volatility
AMDL vs. BTC-USD - Volatility Comparison
GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 44.94% compared to Bitcoin (BTC-USD) at 9.63%. 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.
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Volatility by Period
| AMDL | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.94% | 9.63% | +35.31% |
Volatility (6M)Calculated over the trailing 6-month period | 106.40% | 34.91% | +71.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 137.30% | 35.72% | +101.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 119.22% | 43.97% | +75.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 119.22% | 56.33% | +62.89% |
Frequently Asked Questions
AMDL and BTC-USD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDL has higher volatility (44.94%) compared to BTC-USD (9.63%). In terms of maximum drawdown, AMDL dropped -88.63% vs BTC-USD's -85.30%.
AMDL currently has the higher Sharpe Ratio (5.12 vs -1.07), 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.
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