EVGO vs. AMDL

Last updated Jun 25, 2026

EVGO (Evgo Inc) is a stock, while AMDL (GraniteShares 2x Long AMD Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past year, EVGO returned -52.88% vs 719.90% for AMDL. At a 0.28 correlation, their price movements are largely independent.

Performance

EVGO vs. AMDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Evgo Inc (EVGO) 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, EVGO achieves a -38.14% return, which is significantly lower than AMDL's 329.20% return.

EVGO

• 1D: -5.76%
• 1M: -4.26%
• YTD: -38.14%
• 6M: -43.57%
• 1Y: -52.88%
• 3Y*: -21.21%
• 5Y*: -35.54%
• 10Y*: —

AMDL

• 1D: -0.37%
• 1M: 15.31%
• YTD: 329.20%
• 6M: 324.82%
• 1Y: 719.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EVGO vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVGO Evgo Inc	-38.14%	-28.15%	62.00%
AMDL GraniteShares 2x Long AMD Daily ETF	329.20%	103.00%	-69.97%

Correlation

The correlation between EVGO and AMDL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024	0.28

Return for Risk

EVGO vs. AMDL — Risk / Return Rank

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

EVGO

EVGO Risk / Return Rank: 10
EVGO Sharpe Ratio Rank: 8
EVGO Sortino Ratio Rank: 9
EVGO Omega Ratio Rank: 11
EVGO Calmar Ratio Rank: 12
EVGO Martin Ratio Rank: 12

AMDL

AMDL Risk / Return Rank: 94
AMDL Sharpe Ratio Rank: 98
AMDL Sortino Ratio Rank: 92
AMDL Omega Ratio Rank: 90
AMDL Calmar Ratio Rank: 98
AMDL Martin Ratio Rank: 95

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.

EVGO vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evgo Inc (EVGO) 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.

	EVGO	AMDL	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	5.43	-6.30
Sortino ratio: Return per unit of downside risk	-1.28	3.90	-5.18
Omega ratio: Gain probability vs. loss probability	0.86	1.51	-0.65
Calmar ratio: Return relative to maximum drawdown	-0.79	12.95	-13.74
Martin ratio: Return relative to average drawdown	-1.31	25.17	-26.48

EVGO vs. AMDL - Sharpe Ratio Comparison

The current EVGO Sharpe Ratio is -0.87, which is lower than the AMDL Sharpe Ratio of 5.43. The chart below compares the historical Sharpe Ratios of EVGO 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

EVGO vs. AMDL - Drawdown Comparison

The maximum EVGO drawdown since its inception was -92.48%, roughly equal to the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for EVGO and AMDL.

Drawdown Indicators

	EVGO	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-92.48%	-88.63%	-3.85%
Max Drawdown (1Y) Largest decline over 1 year	-66.87%	-56.13%	-10.74%
Max Drawdown (3Y) Largest decline over 3 years	-81.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-91.37%	—	—
Current Drawdown Current decline from peak	-91.84%	-13.32%	-78.52%
Average Drawdown Average peak-to-trough decline	-70.18%	-47.68%	-22.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.27%	28.82%	+11.45%

Volatility

EVGO vs. AMDL - Volatility Comparison

The current volatility for Evgo Inc (EVGO) is 26.42%, while GraniteShares 2x Long AMD Daily ETF (AMDL) has a volatility of 48.51%. This indicates that EVGO experiences smaller price fluctuations and is considered to be less risky than AMDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVGO	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.42%	48.51%	-22.09%
Volatility (6M) Calculated over the trailing 6-month period	45.56%	101.65%	-56.09%
Volatility (1Y) Calculated over the trailing 1-year period	61.22%	134.44%	-73.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.49%	118.40%	-31.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.43%	118.40%	-28.97%

Dividends

EVGO vs. AMDL - Dividend Comparison

Neither EVGO nor AMDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EVGO and AMDL in my portfolio?

EVGO and AMDL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVGO or AMDL?

AMDL has higher volatility (48.51%) compared to EVGO (26.42%). In terms of maximum drawdown, EVGO dropped -92.48% vs AMDL's -88.63%.

Which has better risk-adjusted returns?

AMDL currently has the higher Sharpe Ratio (5.43 vs -0.87), 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.