AMDL vs. BTC-USD
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMDL or BTC-USD.
Key characteristics
| AMDL | BTC-USD | |
|---|---|---|
| Daily Std Dev | 96.48% | 43.12% |
| Max Drawdown | -61.70% | -93.07% |
| Current Drawdown | -48.18% | -17.12% |
Correlation
The correlation between AMDL and BTC-USD is 0.22, 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. BTC-USD - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AMDL vs. BTC-USD - Risk-Adjusted Performance 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.
Not enough dataDrawdowns
AMDL vs. BTC-USD - Drawdown Comparison
The maximum AMDL drawdown since its inception was -61.70%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for AMDL and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
AMDL vs. BTC-USD - Volatility Comparison
GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 29.90% compared to Bitcoin (BTC-USD) at 14.16%. 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.