AMDS vs. NVDA
Compare and contrast key facts about GraniteShares 1x Short AMD Daily ETF (AMDS) and NVIDIA Corporation (NVDA).
AMDS is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMDS or NVDA.
Key characteristics
| AMDS | NVDA | |
|---|---|---|
| YTD Return | -4.12% | 107.67% |
| 1Y Return | -33.11% | 122.43% |
| Sharpe Ratio | -0.65 | 2.32 |
| Daily Std Dev | 48.60% | 51.17% |
| Max Drawdown | -59.04% | -89.73% |
| Current Drawdown | -40.60% | -24.16% |
Correlation
The correlation between AMDS and NVDA is -0.56. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
AMDS vs. NVDA - Performance Comparison
In the year-to-date period, AMDS achieves a -4.12% return, which is significantly lower than NVDA's 107.67% return. 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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Risk-Adjusted Performance
AMDS vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 1x Short AMD Daily ETF (AMDS) and NVIDIA Corporation (NVDA). 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.
Dividends
AMDS vs. NVDA - Dividend Comparison
AMDS's dividend yield for the trailing twelve months is around 14.89%, more than NVDA's 0.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMDS GraniteShares 1x Short AMD Daily ETF | 14.89% | 14.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.30% | 0.46% | 1.19% | 1.68% | 1.95% |
Drawdowns
AMDS vs. NVDA - Drawdown Comparison
The maximum AMDS drawdown since its inception was -59.04%, smaller than the maximum NVDA drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for AMDS and NVDA. For additional features, visit the drawdowns tool.
Volatility
AMDS vs. NVDA - Volatility Comparison
The current volatility for GraniteShares 1x Short AMD Daily ETF (AMDS) is 15.27%, while NVIDIA Corporation (NVDA) has a volatility of 19.10%. This indicates that AMDS experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.