AMDL vs. BTC-USD
AMDL (GraniteShares 2x Long AMD Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, AMDL returned 1145.71% vs -36.52% 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 357.43% return, which is significantly higher than BTC-USD's -23.17% return.
AMDL
- 1D
- 4.30%
- 1M
- 94.72%
- YTD
- 357.43%
- 6M
- 344.84%
- 1Y
- 1,145.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 0.85%
- 1M
- -14.42%
- YTD
- -23.17%
- 6M
- -26.37%
- 1Y
- -36.52%
- 3Y*
- 35.33%
- 5Y*
- 12.77%
- 10Y*
- 60.98%
AMDL vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | 357.43% | 103.00% | -69.97% |
BTC-USD Bitcoin | -23.17% | -6.27% | 38.07% |
Correlation
The correlation between AMDL and BTC-USD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 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.
| AMDL | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 8.96 | -0.85 | +9.81 |
Sortino ratioReturn per unit of downside risk | 4.75 | -1.14 | +5.89 |
Omega ratioGain probability vs. loss probability | 1.63 | 0.88 | +0.74 |
Calmar ratioReturn relative to maximum drawdown | 21.99 | -1.07 | +23.06 |
Martin ratioReturn relative to average drawdown | 43.27 | -1.57 | +44.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMDL | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.96 | -0.85 | +9.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 1.14 | -0.63 |
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% | -49.65% | -6.48% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.65% | — |
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 | 0.00% | -46.10% | +46.10% |
Average DrawdownAverage peak-to-trough decline | -48.67% | -42.27% | -6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.53% | 33.71% | -5.18% |
Volatility
AMDL vs. BTC-USD - Volatility Comparison
GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 48.25% compared to Bitcoin (BTC-USD) at 9.90%. 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 | 48.25% | 9.90% | +38.35% |
Volatility (6M)Calculated over the trailing 6-month period | 93.85% | 33.98% | +59.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 129.36% | 35.37% | +93.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.58% | 45.01% | +71.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.58% | 56.68% | +59.90% |
Frequently Asked Questions
AMDL and BTC-USD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDL has higher volatility (48.25%) compared to BTC-USD (9.90%). In terms of maximum drawdown, AMDL dropped -88.63% vs BTC-USD's -85.30%.
AMDL currently has the higher Sharpe Ratio (8.96 vs -0.85), 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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