AMDL vs. SOXL

Last updated Jun 23, 2026

AMDL (GraniteShares 2x Long AMD Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. AMDL is actively managed, while SOXL is passively managed. Over the past year, AMDL returned 978.63% vs 1322.96% for SOXL. A 0.75 correlation means they provide meaningful diversification when combined. AMDL charges 1.15%/yr vs 0.75%/yr for SOXL.

Performance

AMDL vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long AMD Daily ETF (AMDL) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMDL achieves a 386.95% return, which is significantly lower than SOXL's 615.61% return.

AMDL

• 1D: 5.43%
• 1M: 30.82%
• YTD: 386.95%
• 6M: 382.29%
• 1Y: 978.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 7.69%
• 1M: 57.83%
• YTD: 615.61%
• 6M: 595.26%
• 1Y: 1,322.96%
• 3Y*: 141.01%
• 5Y*: 51.34%
• 10Y*: 68.93%

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

AMDL vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMDL GraniteShares 2x Long AMD Daily ETF	386.95%	103.00%	-69.97%
SOXL Direxion Daily Semiconductor Bull 3X ETF	615.61%	54.91%	-35.57%

Correlation

The correlation between AMDL and SOXL is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024	0.75

The correlation between AMDL and SOXL has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.

AMDL vs. SOXL - Sectors Allocation Comparison

Sectors	AMDL	SOXL
Technology	66.6%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

AMDL vs. SOXL — Risk / Return Rank

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

AMDL

AMDL Risk / Return Rank: 95
AMDL Sharpe Ratio Rank: 99
AMDL Sortino Ratio Rank: 93
AMDL Omega Ratio Rank: 91
AMDL Calmar Ratio Rank: 98
AMDL Martin Ratio Rank: 96

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 94
SOXL Omega Ratio Rank: 94
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

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. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	7.39	11.72	-4.33
Sortino ratio: Return per unit of downside risk	4.31	4.57	-0.26
Omega ratio: Gain probability vs. loss probability	1.57	1.65	-0.09
Calmar ratio: Return relative to maximum drawdown	17.62	30.78	-13.16
Martin ratio: Return relative to average drawdown	34.27	99.38	-65.11

AMDL vs. SOXL - Sharpe Ratio Comparison

The current AMDL Sharpe Ratio is 7.39, which is lower than the SOXL Sharpe Ratio of 11.72. The chart below compares the historical Sharpe Ratios of AMDL and SOXL, 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. SOXL - Drawdown Comparison

The maximum AMDL drawdown since its inception was -88.63%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for AMDL and SOXL.

Drawdown Indicators

	AMDL	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-90.46%	+1.83%
Max Drawdown (1Y) Largest decline over 1 year	-56.13%	-43.47%	-12.66%
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-1.66%	0.00%	-1.66%
Average Drawdown Average peak-to-trough decline	-47.80%	-34.95%	-12.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.80%	13.44%	+15.36%

Volatility

AMDL vs. SOXL - Volatility Comparison

The current volatility for GraniteShares 2x Long AMD Daily ETF (AMDL) is 46.96%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 62.02%. This indicates that AMDL experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMDL	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.96%	62.02%	-15.06%
Volatility (6M) Calculated over the trailing 6-month period	101.28%	96.02%	+5.26%
Volatility (1Y) Calculated over the trailing 1-year period	134.09%	114.45%	+19.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	118.34%	109.85%	+8.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	118.34%	100.50%	+17.84%

AMDL vs. SOXL - Expense Ratio Comparison

AMDL has a 1.15% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

AMDL vs. SOXL - Dividend Comparison

AMDL has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both AMDL and SOXL in my portfolio?

AMDL and SOXL have a correlation of 0.74, 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 SOXL?

SOXL has higher volatility (62.02%) compared to AMDL (46.96%). In terms of maximum drawdown, AMDL dropped -88.63% vs SOXL's -90.46%.

Which ETF is better, AMDL or SOXL?

On 1-year performance, SOXL leads with 1322.96% vs 978.63% for AMDL. On fees, SOXL is cheaper at 0.75% per year. On volatility, AMDL has been the lower-risk option at 46.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMDL or SOXL?

Over the 1-year period, SOXL has performed better with a 1322.96% return vs 978.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMDL or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 1.15% for AMDL.

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

SOXL has the higher dividend yield at 0.03%, compared with 0.00% for AMDL.

What is the main difference between AMDL and SOXL?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.15% for AMDL and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (11.72 vs 7.39), 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.