DADA vs. AMDL

Last updated Jun 3, 2026

DADA (Dada Nexus Limited) is a stock, while AMDL (GraniteShares 2x Long AMD Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. At a 0.13 correlation, their price movements are largely independent.

Performance

DADA vs. AMDL - Performance Comparison

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

Returns By Period

DADA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDL

• 1D: 4.30%
• 1M: 94.72%
• YTD: 357.43%
• 6M: 344.84%
• 1Y: 1,145.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DADA vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DADA Dada Nexus Limited	0.00%	61.98%	-50.41%
AMDL GraniteShares 2x Long AMD Daily ETF	357.43%	103.00%	-69.97%

Correlation

The correlation between DADA and AMDL is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024	0.13

The correlation between DADA and AMDL shifts across timeframes, from -0.07 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DADA vs. AMDL — Risk / Return Rank

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

AMDL

AMDL Risk / Return Rank: 96
AMDL Sharpe Ratio Rank: 99
AMDL Sortino Ratio Rank: 93
AMDL Omega Ratio Rank: 92
AMDL Calmar Ratio Rank: 99
AMDL Martin Ratio Rank: 97

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.

DADA vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dada Nexus Limited (DADA) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DADA	AMDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	8.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.51	—

Drawdowns

Drawdown Indicators

	DADA	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	—	-88.63%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-56.13%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-48.67%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.53%	—

Volatility

Volatility by Period

	DADA	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	48.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	93.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	129.36%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	116.58%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	116.58%	—

Dividends

DADA vs. AMDL - Dividend Comparison

Neither DADA nor AMDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DADA and AMDL in my portfolio?

DADA and AMDL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.