AMZZ vs. AMZN
Compare and contrast key facts about GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Amazon.com, Inc. (AMZN).
AMZZ is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZZ or AMZN.
Correlation
The correlation between AMZZ and AMZN is 1.00, 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
AMZZ vs. AMZN - Performance Comparison
Key characteristics
AMZZ:
55.88%
AMZN:
28.00%
AMZZ:
-37.35%
AMZN:
-94.40%
AMZZ:
-13.45%
AMZN:
-6.51%
Returns By Period
In the year-to-date period, AMZZ achieves a -1.88% return, which is significantly lower than AMZN's -0.74% return.
AMZZ
-1.88%
-9.33%
16.17%
N/A
N/A
N/A
AMZN
-0.74%
-4.26%
12.82%
40.84%
18.40%
31.18%
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Risk-Adjusted Performance
AMZZ vs. AMZN — Risk-Adjusted Performance Rank
AMZZ
AMZN
AMZZ vs. AMZN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Amazon.com, Inc. (AMZN). 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
AMZZ vs. AMZN - Dividend Comparison
Neither AMZZ nor AMZN has paid dividends to shareholders.
Drawdowns
AMZZ vs. AMZN - Drawdown Comparison
The maximum AMZZ drawdown since its inception was -37.35%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for AMZZ and AMZN. For additional features, visit the drawdowns tool.
Volatility
AMZZ vs. AMZN - Volatility Comparison
GraniteShares 2x Long AMZN Daily ETF (AMZZ) has a higher volatility of 14.77% compared to Amazon.com, Inc. (AMZN) at 7.36%. This indicates that AMZZ's price experiences larger fluctuations and is considered to be riskier than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.