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.
Performance
AMDL vs. SOXL - Performance Comparison
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AMDL vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | -21.48% | 103.00% | -69.97% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 13.99% | 54.91% | -35.27% |
Returns By Period
In the year-to-date period, AMDL achieves a -21.48% return, which is significantly lower than SOXL's 13.99% return.
AMDL
- 1D
- 7.48%
- 1M
- -0.41%
- YTD
- -21.48%
- 6M
- 18.20%
- 1Y
- 137.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- 17.95%
- 1M
- -23.67%
- YTD
- 13.99%
- 6M
- 37.51%
- 1Y
- 201.41%
- 3Y*
- 38.75%
- 5Y*
- 3.09%
- 10Y*
- 39.88%
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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.
Return for Risk
AMDL vs. SOXL — Risk / Return Rank
AMDL
SOXL
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 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.
| AMDL | SOXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.70 | -0.63 |
Sortino ratioReturn per unit of downside risk | 2.17 | 2.34 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 4.06 | -1.65 |
Martin ratioReturn relative to average drawdown | 4.72 | 12.39 | -7.67 |
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 | SOXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.70 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | 0.35 | -0.63 |
Correlation
The correlation between AMDL and SOXL is 0.72, 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.
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 0.16%.
| 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 Shares | 0.16% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
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.
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Drawdown Indicators
| AMDL | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -90.46% | +1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -56.13% | -49.26% | -6.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -52.14% | -33.33% | -18.81% |
Average DrawdownAverage peak-to-trough decline | -51.71% | -35.34% | -16.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.66% | 16.14% | +12.52% |
Volatility
AMDL vs. SOXL - Volatility Comparison
The current volatility for GraniteShares 2x Long AMD Daily ETF (AMDL) is 32.68%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 40.35%. 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.
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Volatility by Period
| AMDL | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.68% | 40.35% | -7.67% |
Volatility (6M)Calculated over the trailing 6-month period | 97.70% | 79.51% | +18.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 129.18% | 119.21% | +9.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.42% | 105.43% | +5.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.42% | 97.70% | +13.72% |