AMDL vs. SOXL
Compare and contrast key facts about GraniteShares 2x Long AMD Daily ETF (AMDL) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
AMDL and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMDL or SOXL.
Key characteristics
| AMDL | SOXL | |
|---|---|---|
| Daily Std Dev | 96.48% | 99.09% |
| Max Drawdown | -61.70% | -90.46% |
| Current Drawdown | -48.18% | -53.33% |
Correlation
The correlation between AMDL and SOXL is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AMDL vs. SOXL - 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. SOXL - Expense Ratio Comparison
AMDL has a 1.15% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
AMDL vs. SOXL - Risk-Adjusted Performance 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 Shares (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.
Not enough dataDividends
AMDL vs. SOXL - Dividend Comparison
AMDL has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.84%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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 Shares | 0.84% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
AMDL vs. SOXL - Drawdown Comparison
The maximum AMDL drawdown since its inception was -61.70%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for AMDL and SOXL. For additional features, visit the drawdowns tool.
Volatility
AMDL vs. SOXL - Volatility Comparison
The current volatility for GraniteShares 2x Long AMD Daily ETF (AMDL) is 30.08%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 41.01%. 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.