AMDL vs. SMCY

Last updated Jun 24, 2026

AMDL (GraniteShares 2x Long AMD Daily ETF) and SMCY (YieldMax SMCI Option Income Strategy ETF) are both exchange-traded funds - AMDL is a Leveraged Equities fund actively managed by GraniteShares, while SMCY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, AMDL returned 835.61% vs -23.34% for SMCY. A 0.56 correlation means they provide meaningful diversification when combined. AMDL charges 1.15%/yr vs 0.99%/yr for SMCY.

Performance

AMDL vs. SMCY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long AMD Daily ETF (AMDL) and YieldMax SMCI Option Income Strategy ETF (SMCY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDL achieves a 330.80% return, which is significantly higher than SMCY's 1.47% return.

AMDL

• 1D: -11.53%
• 1M: 15.74%
• YTD: 330.80%
• 6M: 327.23%
• 1Y: 835.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMCY

• 1D: -4.78%
• 1M: -8.39%
• YTD: 1.47%
• 6M: -1.82%
• 1Y: -23.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMDL vs. SMCY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMDL GraniteShares 2x Long AMD Daily ETF	330.80%	103.00%	-40.25%
SMCY YieldMax SMCI Option Income Strategy ETF	1.47%	-15.41%	-33.36%

Correlation

The correlation between AMDL and SMCY is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024	0.56

The correlation between AMDL and SMCY has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.

Return for Risk

AMDL vs. SMCY — Risk / Return Rank

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

AMDL

AMDL Risk / Return Rank: 94
AMDL Sharpe Ratio Rank: 99
AMDL Sortino Ratio Rank: 91
AMDL Omega Ratio Rank: 89
AMDL Calmar Ratio Rank: 98
AMDL Martin Ratio Rank: 95

SMCY

SMCY Risk / Return Rank: 7
SMCY Sharpe Ratio Rank: 6
SMCY Sortino Ratio Rank: 8
SMCY Omega Ratio Rank: 8
SMCY Calmar Ratio Rank: 5
SMCY Martin Ratio Rank: 6

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. SMCY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and YieldMax SMCI Option Income Strategy ETF (SMCY). 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	SMCY	Difference
Sharpe ratio: Return per unit of total volatility	6.28	-0.32	+6.60
Sortino ratio: Return per unit of downside risk	4.08	0.03	+4.05
Omega ratio: Gain probability vs. loss probability	1.53	1.00	+0.53
Calmar ratio: Return relative to maximum drawdown	15.04	-0.39	+15.42
Martin ratio: Return relative to average drawdown	29.24	-0.65	+29.88

AMDL vs. SMCY - Sharpe Ratio Comparison

The current AMDL Sharpe Ratio is 6.28, which is higher than the SMCY Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of AMDL and SMCY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMDL vs. SMCY - Drawdown Comparison

The maximum AMDL drawdown since its inception was -88.63%, which is greater than SMCY's maximum drawdown of -64.75%. Use the drawdown chart below to compare losses from any high point for AMDL and SMCY.

Drawdown Indicators

	AMDL	SMCY	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-64.75%	-23.88%
Max Drawdown (1Y) Largest decline over 1 year	-56.13%	-60.43%	+4.30%
Current Drawdown Current decline from peak	-13.00%	-51.08%	+38.08%
Average Drawdown Average peak-to-trough decline	-47.74%	-37.27%	-10.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.81%	36.23%	-7.42%

Volatility

AMDL vs. SMCY - Volatility Comparison

GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 48.98% compared to YieldMax SMCI Option Income Strategy ETF (SMCY) at 41.56%. This indicates that AMDL's price experiences larger fluctuations and is considered to be riskier than SMCY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDL	SMCY	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.98%	41.56%	+7.42%
Volatility (6M) Calculated over the trailing 6-month period	102.19%	67.20%	+34.99%
Volatility (1Y) Calculated over the trailing 1-year period	134.44%	72.74%	+61.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.50%	80.66%	+37.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.50%	80.66%	+37.84%

AMDL vs. SMCY - Expense Ratio Comparison

AMDL has a 1.15% expense ratio, which is higher than SMCY's 0.99% expense ratio.

Dividends

AMDL vs. SMCY - Dividend Comparison

AMDL has not paid dividends to shareholders, while SMCY's dividend yield for the trailing twelve months is around 199.55%.

Position	TTM	2025	2024
AMDL GraniteShares 2x Long AMD Daily ETF	0.00%	0.00%	0.00%
SMCY YieldMax SMCI Option Income Strategy ETF	199.55%	231.43%	38.43%

Frequently Asked Questions

Can I hold both AMDL and SMCY in my portfolio?

AMDL and SMCY have a correlation of 0.59, 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 SMCY?

AMDL has higher volatility (48.98%) compared to SMCY (41.56%). In terms of maximum drawdown, AMDL dropped -88.63% vs SMCY's -64.75%.

Which ETF is better, AMDL or SMCY?

On 1-year performance, AMDL leads with 835.61% vs -23.34% for SMCY. On fees, SMCY is cheaper at 0.99% per year. On volatility, SMCY has been the lower-risk option at 41.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDL or SMCY?

Over the 1-year period, AMDL has performed better with a 835.61% return vs -23.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDL or SMCY?

SMCY is cheaper with a 0.99% expense ratio, compared with 1.15% for AMDL.

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

SMCY has the higher dividend yield at 199.55%, compared with 0.00% for AMDL.

What is the main difference between AMDL and SMCY?

AMDL is categorized as Leveraged Equities, while SMCY is Derivative Income. They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.15% for AMDL and 0.99% for SMCY.

Which has better risk-adjusted returns?

AMDL currently has the higher Sharpe Ratio (6.28 vs -0.32), 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.