ARMG vs. AMDL

Last updated Aug 4, 2026

ARMG (Leverage Shares 2X Long ARM Daily ETF) and AMDL (GraniteShares 2x Long AMD Daily ETF) are both Leveraged Equities funds. ARMG is actively managed, while AMDL is passively managed. Over the past year, ARMG returned 58.82% vs 337.66% for AMDL. Their 0.61 correlation means they have sometimes moved together and sometimes differently. ARMG charges 0.75%/yr vs 1.07%/yr for AMDL.

Performance

ARMG vs. AMDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ARM Daily ETF (ARMG) and GraniteShares 2x Long AMD Daily ETF (AMDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARMG achieves a 188.60% return, which is significantly lower than AMDL's 242.25% return.

ARMG

• 1D: -0.48%
• 1M: -46.52%
• 6M: 209.21%
• YTD: 188.60%
• 1Y: 58.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.97%

AMDL

• 1D: 2.88%
• 1M: -18.31%
• 6M: 166.77%
• YTD: 242.25%
• 1Y: 337.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMDL GraniteShares 2x Long AMD Daily ETF	$183.29M	$203.26M	$349.81M
ARMG Leverage Shares 2X Long ARM Daily ETF	$14.41M	$19.14M	$65.85M

ARMG vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025
ARMG Leverage Shares 2X Long ARM Daily ETF	188.60%	-62.65%
AMDL GraniteShares 2x Long AMD Daily ETF	242.25%	117.18%

Correlation

The correlation between ARMG and AMDL is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.61

The correlation between ARMG and AMDL has been stable across timeframes, ranging from 0.59 to 0.61 - a consistent structural relationship.

Return for Risk

ARMG vs. AMDL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ARMG

ARMG Risk / Return Rank: 30
ARMG Sharpe Ratio Rank: 20
ARMG Sortino Ratio Rank: 44
ARMG Omega Ratio Rank: 41
ARMG Calmar Ratio Rank: 25
ARMG Martin Ratio Rank: 21

AMDL

AMDL Risk / Return Rank: 88
AMDL Sharpe Ratio Rank: 91
AMDL Sortino Ratio Rank: 86
AMDL Omega Ratio Rank: 83
AMDL Calmar Ratio Rank: 96
AMDL Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ARMG vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ARM Daily ETF (ARMG) and GraniteShares 2x Long AMD Daily ETF (AMDL). 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.

	ARMG	AMDL	Difference
Sharpe ratio: Return per unit of total volatility	0.40	2.39	-1.99
Sortino ratio: Return per unit of downside risk	1.69	2.95	-1.25
Omega ratio: Gain probability vs. loss probability	1.20	1.36	-0.16
Calmar ratio: Return relative to maximum drawdown	0.77	6.06	-5.29
Martin ratio: Return relative to average drawdown	1.43	11.39	-9.96

ARMG vs. AMDL - Sharpe Ratio Comparison

The current ARMG Sharpe Ratio is 0.40, which is lower than the AMDL Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of ARMG and AMDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARMG vs. AMDL - Drawdown Comparison

The maximum ARMG drawdown since its inception was -80.28%, smaller than the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for ARMG and AMDL.

Drawdown Indicators

	ARMG	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-80.28%	-88.63%	+8.35%
Max Drawdown (1Y) Largest decline over 1 year	-76.64%	-56.13%	-20.51%
Current Drawdown Current decline from peak	-73.68%	-35.69%	-37.99%
Average Drawdown Average peak-to-trough decline	-52.19%	-46.49%	-5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.34%	29.82%	+11.52%

Volatility

ARMG vs. AMDL - Volatility Comparison

Leverage Shares 2X Long ARM Daily ETF (ARMG) and GraniteShares 2x Long AMD Daily ETF (AMDL) have volatilities of 49.60% and 47.95%, 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.

Volatility by Period

	ARMG	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	49.60%	47.95%	+1.65%
Volatility (6M) Calculated over the trailing 6-month period	128.11%	111.57%	+16.54%
Volatility (1Y) Calculated over the trailing 1-year period	147.13%	142.56%	+4.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.23%	120.89%	+24.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.23%	120.89%	+24.34%

ARMG vs. AMDL - Expense Ratio Comparison

ARMG has a 0.75% expense ratio, which is lower than AMDL's 1.07% expense ratio.

Dividends

ARMG vs. AMDL - Dividend Comparison

ARMG's dividend yield for the trailing twelve months is around 1.69%, while AMDL has not paid dividends to shareholders.

Position	TTM	2025
AMDL GraniteShares 2x Long AMD Daily ETF	0.00%	0.00%
ARMG Leverage Shares 2X Long ARM Daily ETF	1.69%	4.86%

Frequently Asked Questions

Can I hold both ARMG and AMDL in my portfolio?

ARMG and AMDL have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARMG or AMDL?

ARMG has higher volatility (49.60%) compared to AMDL (47.95%). In terms of maximum drawdown, ARMG dropped -80.28% vs AMDL's -88.63%.

Which ETF is better, ARMG or AMDL?

On 1-year performance, AMDL leads with 337.66% vs 58.82% for ARMG. On fees, ARMG is cheaper at 0.75% per year. On volatility, AMDL has been the lower-risk option at 47.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARMG or AMDL?

Over the 1-year period, AMDL has performed better with a 337.66% return vs 58.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARMG or AMDL?

ARMG is cheaper with a 0.75% expense ratio, compared with 1.07% for AMDL.

Which ETF pays a higher dividend yield, ARMG or AMDL?

ARMG has the higher dividend yield at 1.69%, compared with 0.00% for AMDL.

What is the main difference between ARMG and AMDL?

They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for ARMG and 1.07% for AMDL.

Which has better risk-adjusted returns?

AMDL currently has the higher Sharpe Ratio (2.39 vs 0.40), 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.