AMDL vs. SKRE
AMDL (GraniteShares 2x Long AMD Daily ETF) and SKRE (Tuttle Capital Daily 2X Inverse Regional Banks ETF) are both exchange-traded funds - AMDL is a Leveraged Equities fund tracking the Advanced Micro Devices, Inc. (200%), while SKRE is a Inverse Equities fund tracking the S&P Regional Banks Select Industry. Both are passively managed. Over the past year, AMDL returned 337.66% vs -50.55% for SKRE. Their -0.20 correlation means they have often moved in opposite directions in the past. AMDL charges 1.07%/yr vs 0.75%/yr for SKRE.
Performance
AMDL vs. SKRE - Performance Comparison
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Returns By Period
In the year-to-date period, AMDL achieves a 242.25% return, which is significantly higher than SKRE's -35.15% return.
AMDL
- 1D
- 2.88%
- 1M
- -18.31%
- 6M
- 166.77%
- YTD
- 242.25%
- 1Y
- 337.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 36.27%
SKRE
- 1D
- -2.27%
- 1M
- -5.74%
- 6M
- -23.25%
- YTD
- -35.15%
- 1Y
- -50.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $183.29M | $203.26M | $349.81M | |
| $121.93K | $143.27K | $245.32K |
AMDL vs. SKRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | 242.25% | 103.00% | -69.97% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | -35.15% | -31.29% | -49.74% |
Correlation
The correlation between AMDL and SKRE is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | -0.20 |
The correlation between AMDL and SKRE shifts across timeframes, from -0.20 (all time) to -0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
AMDL vs. SKRE — Risk / Return Rank
AMDL
SKRE
AMDL vs. SKRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMDL | SKRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.50 | ||
| Sortino ratioReturn per unit of downside risk | +4.74 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.80 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 6.06 | -0.99 | +7.05 |
| Martin ratioReturn relative to average drawdown | 11.39 | -1.65 | +13.03 |
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Drawdowns
AMDL vs. SKRE - Drawdown Comparison
The maximum AMDL drawdown since its inception was -88.63%, which is greater than SKRE's maximum drawdown of -79.33%. Use the drawdown chart below to compare losses from any high point for AMDL and SKRE.
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Drawdown Indicators
| AMDL | SKRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -79.33% | -9.30% |
Max Drawdown (1Y)Largest decline over 1 year | -56.13% | -51.44% | -4.69% |
Current DrawdownCurrent decline from peak | -35.69% | -78.96% | +43.27% |
Average DrawdownAverage peak-to-trough decline | -46.49% | -49.09% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.82% | 30.75% | -0.93% |
Volatility
AMDL vs. SKRE - Volatility Comparison
GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 47.95% compared to Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) at 10.82%. This indicates that AMDL's price experiences larger fluctuations and is considered to be riskier than SKRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMDL | SKRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 47.95% | 10.82% | +37.13% |
Volatility (6M)Calculated over the trailing 6-month period | 111.57% | 30.42% | +81.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 142.56% | 45.86% | +96.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 120.89% | 54.75% | +66.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 120.89% | 54.75% | +66.14% |
AMDL vs. SKRE - Expense Ratio Comparison
AMDL has a 1.07% expense ratio, which is higher than SKRE's 0.75% expense ratio.
Dividends
AMDL vs. SKRE - Dividend Comparison
AMDL has not paid dividends to shareholders, while SKRE's dividend yield for the trailing twelve months is around 0.39%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | 0.00% | 0.00% | 0.00% |
SKRE Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.39% | 0.26% | 3.16% |
Frequently Asked Questions
AMDL and SKRE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDL has higher volatility (47.95%) compared to SKRE (10.82%). In terms of maximum drawdown, AMDL dropped -88.63% vs SKRE's -79.33%.
On 1-year performance, AMDL leads with 337.66% vs -50.55% for SKRE. On fees, SKRE is cheaper at 0.75% per year. On volatility, SKRE has been the lower-risk option at 10.82%. 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 337.66% return vs -50.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKRE is cheaper with a 0.75% expense ratio, compared with 1.07% for AMDL.
SKRE has the higher dividend yield at 0.39%, compared with 0.00% for AMDL.
AMDL is categorized as Leveraged Equities, while SKRE is Inverse Equities. AMDL tracks Advanced Micro Devices, Inc. (200%), while SKRE tracks S&P Regional Banks Select Industry. They also come from different issuers: GraniteShares and Tuttle. Their fees differ too: 1.07% for AMDL and 0.75% for SKRE.
AMDL currently has the higher Sharpe Ratio (2.39 vs -1.11), 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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