AMZZ vs. NASDX
Compare and contrast key facts about GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
AMZZ is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024. NASDX is a passively managed fund by BlackRock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000.
Performance
AMZZ vs. NASDX - Performance Comparison
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AMZZ vs. NASDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMZZ GraniteShares 2x Long AMZN Daily ETF | -20.31% | -8.94% | 38.36% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | -6.04% | 21.00% | 27.94% |
Returns By Period
In the year-to-date period, AMZZ achieves a -20.31% return, which is significantly lower than NASDX's -6.04% return.
AMZZ
- 1D
- 2.47%
- 1M
- 0.80%
- YTD
- -20.31%
- 6M
- -16.41%
- 1Y
- -1.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NASDX
- 1D
- 3.39%
- 1M
- -5.03%
- YTD
- -6.04%
- 6M
- -4.08%
- 1Y
- 22.65%
- 3Y*
- 25.90%
- 5Y*
- 14.78%
- 10Y*
- 19.48%
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AMZZ vs. NASDX - Expense Ratio Comparison
AMZZ has a 1.15% expense ratio, which is higher than NASDX's 0.63% expense ratio.
Return for Risk
AMZZ vs. NASDX — Risk / Return Rank
AMZZ
NASDX
AMZZ vs. NASDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). 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 | NASDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.02 | 1.04 | -1.06 |
Sortino ratioReturn per unit of downside risk | 0.48 | 1.63 | -1.15 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.23 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.01 | 1.87 | -1.86 |
Martin ratioReturn relative to average drawdown | 0.03 | 7.07 | -7.04 |
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 | NASDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 1.04 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.29 | -0.29 |
Correlation
The correlation between AMZZ and NASDX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AMZZ vs. NASDX - Dividend Comparison
AMZZ has not paid dividends to shareholders, while NASDX's dividend yield for the trailing twelve months is around 3.80%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZZ GraniteShares 2x Long AMZN Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 3.80% | 3.76% | 16.95% | 7.61% | 3.75% | 2.59% | 1.28% | 7.09% | 2.47% | 1.65% | 0.75% | 0.85% |
Drawdowns
AMZZ vs. NASDX - Drawdown Comparison
The maximum AMZZ drawdown since its inception was -55.28%, smaller than the maximum NASDX drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for AMZZ and NASDX.
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Drawdown Indicators
| AMZZ | NASDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.28% | -83.16% | +27.88% |
Max Drawdown (1Y)Largest decline over 1 year | -41.97% | -12.70% | -29.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.33% | — |
Current DrawdownCurrent decline from peak | -39.70% | -8.91% | -30.79% |
Average DrawdownAverage peak-to-trough decline | -20.90% | -34.59% | +13.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.60% | 3.37% | +15.23% |
Volatility
AMZZ vs. NASDX - Volatility Comparison
GraniteShares 2x Long AMZN Daily ETF (AMZZ) has a higher volatility of 18.44% compared to Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) at 6.54%. This indicates that AMZZ's price experiences larger fluctuations and is considered to be riskier than NASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZZ | NASDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.44% | 6.54% | +11.90% |
Volatility (6M)Calculated over the trailing 6-month period | 44.78% | 12.89% | +31.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.48% | 22.75% | +46.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.21% | 23.07% | +40.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.21% | 22.63% | +40.58% |