AMDL vs. SGOV
AMDL (GraniteShares 2x Long AMD Daily ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - AMDL is a Leveraged Equities fund actively managed by GraniteShares, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. AMDL is actively managed, while SGOV is passively managed. Over the past year, AMDL returned 1075.21% vs 3.95% for SGOV. At a correlation of -0.09, they often move in opposite directions. AMDL charges 1.15%/yr vs 0.09%/yr for SGOV.
Performance
AMDL vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, AMDL achieves a 360.26% return, which is significantly higher than SGOV's 1.52% return.
AMDL
- 1D
- -7.05%
- 1M
- 102.52%
- YTD
- 360.26%
- 6M
- 344.53%
- 1Y
- 1,075.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.52%
- 6M
- 1.79%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
AMDL vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | 360.26% | 103.00% | -69.97% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.52% | 4.24% | 4.10% |
Correlation
The correlation between AMDL and SGOV is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024 | -0.09 |
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Return for Risk
AMDL vs. SGOV — Risk / Return Rank
AMDL
SGOV
AMDL vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.90 | ||
| Sortino ratioReturn per unit of downside risk | -271.03 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 195.55 | -193.94 |
| Calmar ratioReturn relative to maximum drawdown | 19.36 | 398.20 | -378.84 |
| Martin ratioReturn relative to average drawdown | 38.01 | 4,462.00 | -4,423.99 |
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 | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.38 | 20.28 | -11.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 14.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 12.49 | -11.97 |
Drawdowns
AMDL vs. SGOV - Drawdown Comparison
The maximum AMDL drawdown since its inception was -88.63%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for AMDL and SGOV.
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Drawdown Indicators
| AMDL | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -0.03% | -88.60% |
Max Drawdown (1Y)Largest decline over 1 year | -56.13% | -0.01% | -56.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -7.05% | 0.00% | -7.05% |
Average DrawdownAverage peak-to-trough decline | -48.51% | -0.00% | -48.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.54% | 0.00% | +28.54% |
Volatility
AMDL vs. SGOV - Volatility Comparison
GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 47.19% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that AMDL's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMDL | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.19% | 0.05% | +47.14% |
Volatility (6M)Calculated over the trailing 6-month period | 94.32% | 0.13% | +94.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 129.64% | 0.20% | +129.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 116.59% | 0.24% | +116.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.59% | 0.24% | +116.35% |
AMDL vs. SGOV - Expense Ratio Comparison
AMDL has a 1.15% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
AMDL vs. SGOV - Dividend Comparison
AMDL has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
AMDL and SGOV have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDL has higher volatility (47.19%) compared to SGOV (0.05%). In terms of maximum drawdown, AMDL dropped -88.63% vs SGOV's -0.03%.
On 1-year performance, AMDL leads with 1075.21% vs 3.95% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AMDL has performed better with a 1075.21% return vs 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 1.15% for AMDL.
SGOV has the higher dividend yield at 3.86%, compared with 0.00% for AMDL.
AMDL is categorized as Leveraged Equities, while SGOV is Ultrashort Bond. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.15% for AMDL and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 8.38), 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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