AMZZ vs. AMZN

Last updated Apr 1, 2026

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.

Performance

AMZZ vs. AMZN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Amazon.com, Inc (AMZN). The values are adjusted to include any dividend payments, if applicable.

AMZZ vs. AMZN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMZZ GraniteShares 2x Long AMZN Daily ETF	-22.23%	-8.94%	38.36%
AMZN Amazon.com, Inc	-9.77%	5.21%	25.74%

Returns By Period

In the year-to-date period, AMZZ achieves a -22.23% return, which is significantly lower than AMZN's -9.77% return.

AMZZ

• 1D: 7.15%
• 1M: -3.19%
• YTD: -22.23%
• 6M: -17.74%
• 1Y: -1.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZN

• 1D: 3.64%
• 1M: -0.82%
• YTD: -9.77%
• 6M: -5.15%
• 1Y: 9.47%
• 3Y*: 26.33%
• 5Y*: 5.67%
• 10Y*: 21.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AMZZ vs. AMZN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMZZ

AMZZ Risk / Return Rank: 14
AMZZ Sharpe Ratio Rank: 12
AMZZ Sortino Ratio Rank: 19
AMZZ Omega Ratio Rank: 19
AMZZ Calmar Ratio Rank: 11
AMZZ Martin Ratio Rank: 10

AMZN

AMZN Risk / Return Rank: 50
AMZN Sharpe Ratio Rank: 52
AMZN Sortino Ratio Rank: 47
AMZN Omega Ratio Rank: 46
AMZN Calmar Ratio Rank: 52
AMZN Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	-0.03	0.27	-0.30
Sortino ratio Return per unit of downside risk	0.47	0.65	-0.18
Omega ratio Gain probability vs. loss probability	1.06	1.08	-0.02
Calmar ratio Return relative to maximum drawdown	-0.10	0.37	-0.47
Martin ratio Return relative to average drawdown	-0.23	0.89	-1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMZZ vs. AMZN - Sharpe Ratio Comparison

The current AMZZ Sharpe Ratio is -0.03, which is lower than the AMZN Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of AMZZ and AMZN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMZZ	AMZN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	0.27	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.55	-0.57

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.

Dividends

AMZZ vs. AMZN - Dividend Comparison

Neither AMZZ nor AMZN has paid dividends to shareholders.

Tickers have no history of dividend payments

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.

Drawdown Indicators

	AMZZ	AMZN	Difference
Max Drawdown Largest 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 (5Y) Largest decline over 5 years	—	-56.15%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.15%	—
Current Drawdown Current decline from peak	-41.16%	-18.00%	-23.16%
Average Drawdown Average peak-to-trough decline	-20.86%	-28.27%	+7.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.47%	9.03%	+9.44%

Volatility

AMZZ vs. AMZN - Volatility Comparison

GraniteShares 2x Long AMZN Daily ETF (AMZZ) has a higher volatility of 18.27% compared to Amazon.com, Inc (AMZN) at 9.57%. 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.

Volatility by Period

	AMZZ	AMZN	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.27%	9.57%	+8.70%
Volatility (6M) Calculated over the trailing 6-month period	44.76%	22.64%	+22.12%
Volatility (1Y) Calculated over the trailing 1-year period	69.49%	35.02%	+34.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.25%	35.32%	+27.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.25%	32.51%	+30.74%