AMDL vs. HOOX

Last updated Jun 3, 2026

AMDL (GraniteShares 2x Long AMD Daily ETF) and HOOX (Defiance Daily Target 2X Long HOOD ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, AMDL returned 1145.71% vs -13.43% for HOOX. At a 0.46 correlation, their price movements are largely independent. AMDL charges 1.15%/yr vs 1.31%/yr for HOOX.

Performance

AMDL vs. HOOX - Performance Comparison

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

Returns By Period

In the year-to-date period, AMDL achieves a 357.43% return, which is significantly higher than HOOX's -55.18% return.

AMDL

• 1D: 4.30%
• 1M: 94.72%
• YTD: 357.43%
• 6M: 344.84%
• 1Y: 1,145.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOX

• 1D: -5.48%
• 1M: 35.56%
• YTD: -55.18%
• 6M: -65.36%
• 1Y: -13.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDL vs. HOOX - Yearly Performance Comparison

	2026 (YTD)	2025
AMDL GraniteShares 2x Long AMD Daily ETF	357.43%	179.17%
HOOX Defiance Daily Target 2X Long HOOD ETF	-55.18%	312.21%

Correlation

The correlation between AMDL and HOOX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.46

AMDL vs. HOOX - Sectors Allocation Comparison

Sectors	AMDL	HOOX
Technology	66.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AMDL vs. HOOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMDL

AMDL Risk / Return Rank: 96
AMDL Sharpe Ratio Rank: 99
AMDL Sortino Ratio Rank: 93
AMDL Omega Ratio Rank: 92
AMDL Calmar Ratio Rank: 99
AMDL Martin Ratio Rank: 97

HOOX

HOOX Risk / Return Rank: 11
HOOX Sharpe Ratio Rank: 8
HOOX Sortino Ratio Rank: 17
HOOX Omega Ratio Rank: 17
HOOX Calmar Ratio Rank: 8
HOOX Martin Ratio Rank: 8

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. HOOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and Defiance Daily Target 2X Long HOOD ETF (HOOX). 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	HOOX	Difference
Sharpe ratio Return per unit of total volatility	8.96	-0.10	+9.06
Sortino ratio Return per unit of downside risk	4.75	0.87	+3.89
Omega ratio Gain probability vs. loss probability	1.63	1.10	+0.52
Calmar ratio Return relative to maximum drawdown	21.99	-0.09	+22.09
Martin ratio Return relative to average drawdown	43.27	-0.15	+43.42
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. HOOX - Sharpe Ratio Comparison

The current AMDL Sharpe Ratio is 8.96, which is higher than the HOOX Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of AMDL and HOOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMDL	HOOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	8.96	-0.10	+9.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.47	+0.05

Drawdowns

AMDL vs. HOOX - Drawdown Comparison

The maximum AMDL drawdown since its inception was -88.63%, roughly equal to the maximum HOOX drawdown of -87.11%. Use the drawdown chart below to compare losses from any high point for AMDL and HOOX.

Drawdown Indicators

	AMDL	HOOX	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-87.11%	-1.52%
Max Drawdown (1Y) Largest decline over 1 year	-56.13%	-87.11%	+30.98%
Current Drawdown Current decline from peak	0.00%	-79.25%	+79.25%
Average Drawdown Average peak-to-trough decline	-48.67%	-37.32%	-11.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.53%	53.19%	-24.66%

Volatility

AMDL vs. HOOX - Volatility Comparison

GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 48.25% compared to Defiance Daily Target 2X Long HOOD ETF (HOOX) at 39.61%. This indicates that AMDL's price experiences larger fluctuations and is considered to be riskier than HOOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDL	HOOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.25%	39.61%	+8.64%
Volatility (6M) Calculated over the trailing 6-month period	93.85%	100.58%	-6.73%
Volatility (1Y) Calculated over the trailing 1-year period	129.36%	137.15%	-7.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	116.58%	143.83%	-27.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	116.58%	143.83%	-27.25%

AMDL vs. HOOX - Expense Ratio Comparison

AMDL has a 1.15% expense ratio, which is lower than HOOX's 1.31% expense ratio.

Dividends

AMDL vs. HOOX - Dividend Comparison

AMDL has not paid dividends to shareholders, while HOOX's dividend yield for the trailing twelve months is around 31.51%.

Position	TTM	2025
AMDL GraniteShares 2x Long AMD Daily ETF	0.00%	0.00%
HOOX Defiance Daily Target 2X Long HOOD ETF	31.51%	14.12%

Frequently Asked Questions

Can I hold both AMDL and HOOX in my portfolio?

AMDL and HOOX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMDL or HOOX?

AMDL has higher volatility (48.25%) compared to HOOX (39.61%). In terms of maximum drawdown, AMDL dropped -88.63% vs HOOX's -87.11%.

Which ETF is better, AMDL or HOOX?

On 1-year performance, AMDL leads with 1145.71% vs -13.43% for HOOX. On fees, AMDL is cheaper at 1.15% per year. On volatility, HOOX has been the lower-risk option at 39.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDL or HOOX?

Over the 1-year period, AMDL has performed better with a 1145.71% return vs -13.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDL or HOOX?

AMDL is cheaper with a 1.15% expense ratio, compared with 1.31% for HOOX.

Which ETF pays a higher dividend yield, AMDL or HOOX?

HOOX has the higher dividend yield at 31.51%, compared with 0.00% for AMDL.

What is the main difference between AMDL and HOOX?

They also come from different issuers: GraniteShares and Defiance. Their fees differ too: 1.15% for AMDL and 1.31% for HOOX.

Which has better risk-adjusted returns?

AMDL currently has the higher Sharpe Ratio (8.96 vs -0.10), 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.