AMZZ vs. AMZN
AMZZ (GraniteShares 2x Long AMZN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while AMZN (Amazon.com, Inc) is a stock. Over the past year, AMZZ returned 25.28% vs 21.54% for AMZN. With a 1.00 correlation, they move nearly in lockstep.
Performance
AMZZ vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, AMZZ achieves a 9.44% return, which is significantly higher than AMZN's 8.32% return.
AMZZ
- 1D
- -5.02%
- 1M
- -16.12%
- YTD
- 9.44%
- 6M
- 7.26%
- 1Y
- 25.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMZN
- 1D
- -2.53%
- 1M
- -8.10%
- YTD
- 8.32%
- 6M
- 7.59%
- 1Y
- 21.54%
- 3Y*
- 26.25%
- 5Y*
- 9.30%
- 10Y*
- 21.29%
AMZZ vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMZZ GraniteShares 2x Long AMZN Daily ETF | 9.44% | -8.94% | 38.36% |
AMZN Amazon.com, Inc | 8.32% | 5.21% | 25.74% |
Correlation
The correlation between AMZZ and AMZN is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024 | 1.00 |
The correlation between AMZZ and AMZN has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
AMZZ vs. AMZN — Risk / Return Rank
AMZZ
AMZN
AMZZ vs. AMZN - Risk-Adjusted Trends 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.
| AMZZ | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.00 | -0.39 |
| Martin ratioReturn relative to average drawdown | 1.37 | 2.39 | -1.02 |
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
| AMZZ | AMZN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.72 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.26 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.57 | -0.32 |
Drawdowns
AMZZ vs. AMZN - Drawdown Comparison
The maximum AMZZ drawdown since its inception was -55.28%, 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.
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Drawdown Indicators
| AMZZ | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.28% | -94.40% | +39.12% |
Max Drawdown (1Y)Largest decline over 1 year | -41.97% | -21.74% | -20.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -18.02% | -9.08% | -8.94% |
Average DrawdownAverage peak-to-trough decline | -20.21% | -28.12% | +7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.49% | 9.02% | +9.47% |
Volatility
AMZZ vs. AMZN - Volatility Comparison
GraniteShares 2x Long AMZN Daily ETF (AMZZ) has a higher volatility of 14.66% compared to Amazon.com, Inc (AMZN) at 7.24%. 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.
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Volatility by Period
| AMZZ | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.66% | 7.24% | +7.42% |
Volatility (6M)Calculated over the trailing 6-month period | 40.44% | 20.35% | +20.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.66% | 30.00% | +29.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.82% | 35.50% | +27.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.82% | 32.46% | +30.36% |
Dividends
AMZZ vs. AMZN - Dividend Comparison
Neither AMZZ nor AMZN has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, AMZZ and AMZN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AMZZ has higher volatility (14.66%) compared to AMZN (7.24%). In terms of maximum drawdown, AMZZ dropped -55.28% vs AMZN's -94.40%.
AMZN currently has the higher Sharpe Ratio (0.72 vs 0.43), 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.
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