AMDL vs. FNGU
Compare and contrast key facts about GraniteShares 2x Long AMD Daily ETF (AMDL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
AMDL and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMDL is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMDL or FNGU.
Correlation
The correlation between AMDL and FNGU is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AMDL vs. FNGU - Performance Comparison
Key characteristics
AMDL:
89.74%
FNGU:
73.84%
AMDL:
-76.99%
FNGU:
-92.34%
AMDL:
-74.25%
FNGU:
-6.65%
Returns By Period
In the year-to-date period, AMDL achieves a -14.23% return, which is significantly lower than FNGU's 11.17% return.
AMDL
-14.23%
-15.01%
-51.04%
N/A
N/A
N/A
FNGU
11.17%
4.64%
66.72%
118.65%
44.51%
N/A
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AMDL vs. FNGU - Expense Ratio Comparison
AMDL has a 1.15% expense ratio, which is higher than FNGU's 0.95% expense ratio.
Risk-Adjusted Performance
AMDL vs. FNGU — Risk-Adjusted Performance Rank
AMDL
FNGU
AMDL vs. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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 dataDividends
AMDL vs. FNGU - Dividend Comparison
Neither AMDL nor FNGU has paid dividends to shareholders.
Drawdowns
AMDL vs. FNGU - Drawdown Comparison
The maximum AMDL drawdown since its inception was -76.99%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for AMDL and FNGU. For additional features, visit the drawdowns tool.
Volatility
AMDL vs. FNGU - Volatility Comparison
GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 25.05% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 20.68%. This indicates that AMDL's price experiences larger fluctuations and is considered to be riskier than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.