IBHE vs. AMDL
IBHE (iShares iBonds 2025 Term High Yield & Income ETF) and AMDL (GraniteShares 2x Long AMD Daily ETF) are both exchange-traded funds - IBHE is a High Yield Bonds fund tracking the Bloomberg 2025 Term High Yield and Income Index, while AMDL is a Leveraged Equities fund actively managed by GraniteShares. IBHE is passively managed, while AMDL is actively managed. Over the past year, IBHE returned 2.00% vs 978.63% for AMDL. At a 0.09 correlation, their price movements are largely independent. IBHE charges 0.35%/yr vs 1.15%/yr for AMDL.
Performance
IBHE vs. AMDL - Performance Comparison
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Returns By Period
IBHE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 2.00%
- 3Y*
- 5.93%
- 5Y*
- 3.89%
- 10Y*
- —
AMDL
- 1D
- 5.43%
- 1M
- 30.82%
- YTD
- 386.95%
- 6M
- 382.29%
- 1Y
- 978.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBHE vs. AMDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 0.00% | 4.45% | 5.27% |
AMDL GraniteShares 2x Long AMD Daily ETF | 386.95% | 103.00% | -69.97% |
Correlation
The correlation between IBHE and AMDL is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | 0.09 |
The correlation between IBHE and AMDL shifts across timeframes, from -0.09 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBHE vs. AMDL — Risk / Return Rank
IBHE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AMDL
IBHE vs. AMDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) 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.
| IBHE | AMDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.50 | ||
| Sortino ratioReturn per unit of downside risk | +3.11 | ||
| Omega ratioGain probability vs. loss probability | 2.32 | 1.57 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 25.02 | 17.62 | +7.40 |
| Martin ratioReturn relative to average drawdown | 98.47 | 34.27 | +64.20 |
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Drawdowns
IBHE vs. AMDL - Drawdown Comparison
The maximum IBHE drawdown since its inception was -26.91%, smaller than the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for IBHE and AMDL.
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Drawdown Indicators
| IBHE | AMDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.91% | -88.63% | +61.72% |
Max Drawdown (1Y)Largest decline over 1 year | -0.11% | -56.13% | +56.02% |
Max Drawdown (3Y)Largest decline over 3 years | -0.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -8.51% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.66% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -47.80% | +46.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 28.80% | -28.75% |
Volatility
IBHE vs. AMDL - Volatility Comparison
The current volatility for iShares iBonds 2025 Term High Yield & Income ETF (IBHE) is 0.00%, while GraniteShares 2x Long AMD Daily ETF (AMDL) has a volatility of 46.96%. This indicates that IBHE 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
| IBHE | AMDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 46.96% | -46.96% |
Volatility (6M)Calculated over the trailing 6-month period | 0.38% | 101.28% | -100.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 134.09% | -133.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 118.34% | -113.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.52% | 118.34% | -106.82% |
IBHE vs. AMDL - Expense Ratio Comparison
IBHE has a 0.35% expense ratio, which is lower than AMDL's 1.15% expense ratio.
Dividends
IBHE vs. AMDL - Dividend Comparison
Neither IBHE nor AMDL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBHE iShares iBonds 2025 Term High Yield & Income ETF | 2.29% | 4.53% | 6.92% | 7.17% | 5.77% | 4.84% | 5.74% | 3.73% |
Frequently Asked Questions
IBHE 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 (46.96%) compared to IBHE (0.00%). In terms of maximum drawdown, IBHE dropped -26.91% vs AMDL's -88.63%.
On 1-year performance, AMDL leads with 978.63% vs 2.00% for IBHE. On fees, IBHE is cheaper at 0.35% per year. On volatility, IBHE has been the lower-risk option at 0.00%. 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 978.63% return vs 2.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBHE is cheaper with a 0.35% expense ratio, compared with 1.15% for AMDL.
IBHE has the higher dividend yield at 2.29%, compared with 0.00% for AMDL.
IBHE is categorized as High Yield Bonds, while AMDL is Leveraged Equities. They also come from different issuers: iShares and GraniteShares. Their fees differ too: 0.35% for IBHE and 1.15% for AMDL.
AMDL currently has the higher Sharpe Ratio (7.39 vs 3.89), 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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