AMZZ vs. TQQQ

In the year-to-date period, AMZZ achieves a -31.16% return, which is significantly lower than TQQQ's -28.05% return.

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AMZZ has a 1.15% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) and ProShares UltraPro QQQ (TQQQ). 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.

The current AMZZ Sharpe Ratio is -0.15, which is lower than the TQQQ Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of AMZZ and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

AMZZ has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.74%.

The maximum AMZZ drawdown since its inception was -55.28%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for AMZZ and TQQQ. For additional features, visit the drawdowns tool.

The current volatility for GraniteShares 2x Long AMZN Daily ETF (AMZZ) is 38.57%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 48.12%. This indicates that AMZZ experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.