EVYM vs. AMDL
EVYM (Eaton Vance High Income Municipal ETF) and AMDL (GraniteShares 2x Long AMD Daily ETF) are both exchange-traded funds - EVYM is a High Yield Muni fund actively managed by Eaton Vance, while AMDL is a Leveraged Equities fund tracking the Advanced Micro Devices, Inc. (200%). EVYM is actively managed, while AMDL is passively managed. Over the past year, EVYM returned 9.11% vs 325.41% for AMDL. Their 0.02 correlation means their historical movements had little consistent relationship. EVYM charges 0.40%/yr vs 1.07%/yr for AMDL.
Performance
EVYM vs. AMDL - Performance Comparison
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Returns By Period
In the year-to-date period, EVYM achieves a 2.72% return, which is significantly lower than AMDL's 232.67% return.
EVYM
- 1D
- -0.15%
- 1M
- -2.00%
- 6M
- 2.22%
- YTD
- 2.72%
- 1Y
- 9.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.58%
AMDL
- 1D
- -3.34%
- 1M
- -20.60%
- 6M
- 179.62%
- YTD
- 232.67%
- 1Y
- 325.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 34.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $184.60M | $207.34M | $361.62M | |
| $310.70K | $294.42K | $276.58K |
EVYM vs. AMDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EVYM Eaton Vance High Income Municipal ETF | 2.72% | 3.75% |
AMDL GraniteShares 2x Long AMD Daily ETF | 232.67% | 181.70% |
Correlation
The correlation between EVYM and AMDL is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025 | 0.02 |
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Return for Risk
EVYM vs. AMDL — Risk / Return Rank
EVYM
AMDL
EVYM vs. AMDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance High Income Municipal ETF (EVYM) 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.
| EVYM | AMDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.35 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 5.44 | -1.84 |
| Martin ratioReturn relative to average drawdown | 14.70 | 10.24 | +4.46 |
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Drawdowns
EVYM vs. AMDL - Drawdown Comparison
The maximum EVYM drawdown since its inception was -6.08%, smaller than the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for EVYM and AMDL.
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Drawdown Indicators
| EVYM | AMDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.08% | -88.63% | +82.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -56.13% | +53.36% |
Current DrawdownCurrent decline from peak | -2.00% | -37.49% | +35.49% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -46.51% | +45.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 29.74% | -29.06% |
Volatility
EVYM vs. AMDL - Volatility Comparison
The current volatility for Eaton Vance High Income Municipal ETF (EVYM) is 1.11%, while GraniteShares 2x Long AMD Daily ETF (AMDL) has a volatility of 48.46%. This indicates that EVYM 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.
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Volatility by Period
| EVYM | AMDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 48.46% | -47.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 112.40% | -109.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 142.48% | -138.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 120.98% | -115.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.87% | 120.98% | -115.11% |
EVYM vs. AMDL - Expense Ratio Comparison
EVYM has a 0.40% expense ratio, which is lower than AMDL's 1.07% expense ratio.
Dividends
EVYM vs. AMDL - Dividend Comparison
EVYM's dividend yield for the trailing twelve months is around 4.89%, while AMDL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | 0.00% | 0.00% |
EVYM Eaton Vance High Income Municipal ETF | 4.89% | 3.72% |
Frequently Asked Questions
EVYM and AMDL have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDL has higher volatility (48.46%) compared to EVYM (1.11%). In terms of maximum drawdown, EVYM dropped -6.08% vs AMDL's -88.63%.
On 1-year performance, AMDL leads with 325.41% vs 9.11% for EVYM. On fees, EVYM is cheaper at 0.40% per year. On volatility, EVYM has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AMDL has performed better with a 325.41% return vs 9.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVYM is cheaper with a 0.40% expense ratio, compared with 1.07% for AMDL.
EVYM has the higher dividend yield at 4.89%, compared with 0.00% for AMDL.
EVYM is categorized as High Yield Muni, while AMDL is Leveraged Equities. They also come from different issuers: Eaton Vance and GraniteShares. Their fees differ too: 0.40% for EVYM and 1.07% for AMDL.
EVYM currently has the higher Sharpe Ratio (2.68 vs 2.14), 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.
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