AMDL vs. QLD
Compare and contrast key facts about GraniteShares 2x Long AMD Daily ETF (AMDL) and ProShares Ultra QQQ (QLD).
AMDL and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMDL or QLD.
Key characteristics
| AMDL | QLD | |
|---|---|---|
| Daily Std Dev | 96.48% | 35.59% |
| Max Drawdown | -61.70% | -83.13% |
| Current Drawdown | -48.18% | -12.93% |
Correlation
The correlation between AMDL and QLD is 0.64, 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. QLD - 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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AMDL vs. QLD - Expense Ratio Comparison
AMDL has a 1.15% expense ratio, which is higher than QLD's 0.95% expense ratio.
Risk-Adjusted Performance
AMDL vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and ProShares Ultra QQQ (QLD). 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. QLD - Dividend Comparison
AMDL has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.43% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
AMDL vs. QLD - Drawdown Comparison
The maximum AMDL drawdown since its inception was -61.70%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for AMDL and QLD. For additional features, visit the drawdowns tool.
Volatility
AMDL vs. QLD - Volatility Comparison
GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 30.08% compared to ProShares Ultra QQQ (QLD) at 13.14%. This indicates that AMDL's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.