AMZZ vs. PYPG
AMZZ (GraniteShares 2x Long AMZN Daily ETF) and PYPG (Leverage Shares 2X Long PYPL Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, AMZZ returned 5.65% vs -56.05% for PYPG. At a 0.45 correlation, their price movements are largely independent. AMZZ charges 1.15%/yr vs 0.75%/yr for PYPG.
Performance
AMZZ vs. PYPG - Performance Comparison
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Returns By Period
In the year-to-date period, AMZZ achieves a 6.90% return, which is significantly higher than PYPG's -23.41% return.
AMZZ
- 1D
- -3.97%
- 1M
- 1.42%
- 6M
- 1.36%
- YTD
- 6.90%
- 1Y
- 5.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PYPG
- 1D
- 4.02%
- 1M
- 61.13%
- 6M
- -18.36%
- YTD
- -23.41%
- 1Y
- -56.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMZZ vs. PYPG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMZZ GraniteShares 2x Long AMZN Daily ETF | 6.90% | 45.22% |
PYPG Leverage Shares 2X Long PYPL Daily ETF | -23.41% | -20.19% |
Correlation
The correlation between AMZZ and PYPG is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025 | 0.45 |
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Return for Risk
AMZZ vs. PYPG — Risk / Return Rank
AMZZ
PYPG
AMZZ vs. PYPG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Leverage Shares 2X Long PYPL Daily ETF (PYPG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMZZ | PYPG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.91 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.71 | +0.84 |
| Martin ratioReturn relative to average drawdown | 0.28 | -1.00 | +1.28 |
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Drawdowns
AMZZ vs. PYPG - Drawdown Comparison
The maximum AMZZ drawdown since its inception was -55.28%, smaller than the maximum PYPG drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for AMZZ and PYPG.
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Drawdown Indicators
| AMZZ | PYPG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.28% | -79.52% | +24.24% |
Max Drawdown (1Y)Largest decline over 1 year | -41.97% | -79.52% | +37.55% |
Current DrawdownCurrent decline from peak | -19.92% | -61.72% | +41.80% |
Average DrawdownAverage peak-to-trough decline | -20.36% | -41.31% | +20.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.19% | 56.30% | -36.11% |
Volatility
AMZZ vs. PYPG - Volatility Comparison
The current volatility for GraniteShares 2x Long AMZN Daily ETF (AMZZ) is 19.55%, while Leverage Shares 2X Long PYPL Daily ETF (PYPG) has a volatility of 34.53%. This indicates that AMZZ experiences smaller price fluctuations and is considered to be less risky than PYPG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZZ | PYPG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.55% | 34.53% | -14.98% |
Volatility (6M)Calculated over the trailing 6-month period | 43.80% | 77.11% | -33.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.92% | 85.35% | -23.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.88% | 83.28% | -20.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.88% | 83.28% | -20.40% |
AMZZ vs. PYPG - Expense Ratio Comparison
AMZZ has a 1.15% expense ratio, which is higher than PYPG's 0.75% expense ratio.
Dividends
AMZZ vs. PYPG - Dividend Comparison
Neither AMZZ nor PYPG has paid dividends to shareholders.
Frequently Asked Questions
AMZZ and PYPG have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PYPG has higher volatility (34.53%) compared to AMZZ (19.55%). In terms of maximum drawdown, AMZZ dropped -55.28% vs PYPG's -79.52%.
On 1-year performance, AMZZ leads with 5.65% vs -56.05% for PYPG. On fees, PYPG is cheaper at 0.75% per year. On volatility, AMZZ has been the lower-risk option at 19.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AMZZ has performed better with a 5.65% return vs -56.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PYPG is cheaper with a 0.75% expense ratio, compared with 1.15% for AMZZ.
AMZZ and PYPG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.15% for AMZZ and 0.75% for PYPG.
AMZZ currently has the higher Sharpe Ratio (0.09 vs -0.66), 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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