AMZZ vs. XDSQ

Last updated Jun 4, 2026

AMZZ (GraniteShares 2x Long AMZN Daily ETF) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, AMZZ returned 25.28% vs 15.98% for XDSQ. A 0.61 correlation means they provide meaningful diversification when combined. AMZZ charges 1.15%/yr vs 0.79%/yr for XDSQ.

Performance

AMZZ vs. XDSQ - Performance Comparison

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

Returns By Period

In the year-to-date period, AMZZ achieves a 9.44% return, which is significantly higher than XDSQ's 2.80% return.

AMZZ

• 1D: -5.02%
• 1M: -16.12%
• YTD: 9.44%
• 6M: 7.26%
• 1Y: 25.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDSQ

• 1D: 0.01%
• 1M: 1.59%
• YTD: 2.80%
• 6M: 3.86%
• 1Y: 15.98%
• 3Y*: 15.02%
• 5Y*: 9.80%
• 10Y*: —

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

AMZZ vs. XDSQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMZZ GraniteShares 2x Long AMZN Daily ETF	9.44%	-8.94%	38.36%
XDSQ Innovator US Equity Accelerated ETF	2.80%	14.22%	16.96%

Correlation

The correlation between AMZZ and XDSQ is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024	0.61

The correlation between AMZZ and XDSQ has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.

AMZZ vs. XDSQ - Sectors Allocation Comparison

Sectors	AMZZ	XDSQ
Consumer Cyclical	66.7%	10.2%
Basic Materials	-	1.8%
Communication Services	-	11.3%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.6%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.7%
Utilities	-	2.4%

Return for Risk

AMZZ vs. XDSQ — Risk / Return Rank

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

AMZZ

AMZZ Risk / Return Rank: 17
AMZZ Sharpe Ratio Rank: 15
AMZZ Sortino Ratio Rank: 19
AMZZ Omega Ratio Rank: 19
AMZZ Calmar Ratio Rank: 16
AMZZ Martin Ratio Rank: 15

XDSQ

XDSQ Risk / Return Rank: 43
XDSQ Sharpe Ratio Rank: 43
XDSQ Sortino Ratio Rank: 41
XDSQ Omega Ratio Rank: 50
XDSQ Calmar Ratio Rank: 34
XDSQ Martin Ratio Rank: 47

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. XDSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMZN Daily ETF (AMZZ) and Innovator US Equity Accelerated ETF (XDSQ). 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	XDSQ	Difference
Sharpe ratio: Return per unit of total volatility	0.43	1.52	-1.10
Sortino ratio: Return per unit of downside risk	0.99	2.09	-1.10
Omega ratio: Gain probability vs. loss probability	1.12	1.32	-0.19
Calmar ratio: Return relative to maximum drawdown	0.61	1.67	-1.07
Martin ratio: Return relative to average drawdown	1.37	7.97	-6.60
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. XDSQ - Sharpe Ratio Comparison

The current AMZZ Sharpe Ratio is 0.43, which is lower than the XDSQ Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of AMZZ and XDSQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMZZ	XDSQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	1.52	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.69	-0.44

Drawdowns

AMZZ vs. XDSQ - Drawdown Comparison

The maximum AMZZ drawdown since its inception was -55.28%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for AMZZ and XDSQ.

Drawdown Indicators

	AMZZ	XDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-55.28%	-26.06%	-29.22%
Max Drawdown (1Y) Largest decline over 1 year	-41.97%	-9.60%	-32.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.06%	—
Current Drawdown Current decline from peak	-18.02%	0.00%	-18.02%
Average Drawdown Average peak-to-trough decline	-20.21%	-4.96%	-15.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.49%	2.01%	+16.48%

Volatility

AMZZ vs. XDSQ - Volatility Comparison

GraniteShares 2x Long AMZN Daily ETF (AMZZ) has a higher volatility of 14.66% compared to Innovator US Equity Accelerated ETF (XDSQ) at 0.57%. This indicates that AMZZ's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZZ	XDSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.66%	0.57%	+14.09%
Volatility (6M) Calculated over the trailing 6-month period	40.44%	8.40%	+32.04%
Volatility (1Y) Calculated over the trailing 1-year period	59.66%	10.56%	+49.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.82%	15.27%	+47.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.82%	15.10%	+47.72%

AMZZ vs. XDSQ - Expense Ratio Comparison

AMZZ has a 1.15% expense ratio, which is higher than XDSQ's 0.79% expense ratio.

Dividends

AMZZ vs. XDSQ - Dividend Comparison

Neither AMZZ nor XDSQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AMZZ and XDSQ in my portfolio?

AMZZ and XDSQ have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMZZ or XDSQ?

AMZZ has higher volatility (14.66%) compared to XDSQ (0.57%). In terms of maximum drawdown, AMZZ dropped -55.28% vs XDSQ's -26.06%.

Which ETF is better, AMZZ or XDSQ?

On 1-year performance, AMZZ leads with 25.28% vs 15.98% for XDSQ. On fees, XDSQ is cheaper at 0.79% per year. On volatility, XDSQ has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZZ or XDSQ?

Over the 1-year period, AMZZ has performed better with a 25.28% return vs 15.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZZ or XDSQ?

XDSQ is cheaper with a 0.79% expense ratio, compared with 1.15% for AMZZ.

Which ETF pays a higher dividend yield, AMZZ or XDSQ?

AMZZ and XDSQ have nearly identical dividend yields, around 0.00%.

What is the main difference between AMZZ and XDSQ?

They also come from different issuers: GraniteShares and Innovator. Their fees differ too: 1.15% for AMZZ and 0.79% for XDSQ.

Which has better risk-adjusted returns?

XDSQ currently has the higher Sharpe Ratio (1.52 vs 0.43), 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.