AMZZ vs. NVDA
Compare and contrast key facts about GraniteShares 2x Long AMZN Daily ETF (AMZZ) and NVIDIA Corporation (NVDA).
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 NVDA.
Key characteristics
| AMZZ | NVDA | |
|---|---|---|
| Daily Std Dev | 56.67% | 51.78% |
| Max Drawdown | -37.35% | -89.73% |
| Current Drawdown | -17.28% | -12.15% |
Correlation
The correlation between AMZZ and NVDA is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AMZZ vs. NVDA - Performance Comparison
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
AMZZ vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) 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.
Not enough dataDividends
AMZZ vs. NVDA - Dividend Comparison
AMZZ has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.02%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
AMZZ vs. NVDA - Drawdown Comparison
The maximum AMZZ drawdown since its inception was -37.35%, smaller than the maximum NVDA drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for AMZZ and NVDA. For additional features, visit the drawdowns tool.
Volatility
AMZZ vs. NVDA - Volatility Comparison
GraniteShares 2x Long AMZN Daily ETF (AMZZ) and NVIDIA Corporation (NVDA) have volatilities of 18.87% and 18.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.