IOYY vs. AMDL

Last updated Jul 17, 2026

IOYY (GraniteShares YieldBOOST IONQ ETF) and AMDL (GraniteShares 2x Long AMD Daily ETF) are both exchange-traded funds - IOYY is a Derivative Income fund actively managed by GraniteShares, while AMDL is a Leveraged Equities fund tracking the Advanced Micro Devices, Inc. (200%). IOYY is actively managed, while AMDL is passively managed. At a 0.33 correlation, their price movements are largely independent. Both charge a 1.07% expense ratio.

Performance

IOYY vs. AMDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST IONQ ETF (IOYY) 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, IOYY achieves a -20.70% return, which is significantly lower than AMDL's 282.51% return.

IOYY

• 1D: -0.82%
• 1M: -9.01%
• 6M: -26.94%
• YTD: -20.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDL

• 1D: -10.82%
• 1M: -7.65%
• 6M: 241.84%
• YTD: 282.51%
• 1Y: 455.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IOYY vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025
IOYY GraniteShares YieldBOOST IONQ ETF	-20.70%	-13.50%
AMDL GraniteShares 2x Long AMD Daily ETF	282.51%	-36.30%

Correlation

The correlation between IOYY and AMDL is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	0.33

Return for Risk

IOYY vs. AMDL — Risk / Return Rank

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

IOYY

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

AMDL

AMDL Risk / Return Rank: 91
AMDL Sharpe Ratio Rank: 96
AMDL Sortino Ratio Rank: 89
AMDL Omega Ratio Rank: 86
AMDL Calmar Ratio Rank: 97
AMDL Martin Ratio Rank: 90

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.

IOYY vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST IONQ ETF (IOYY) 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.

	IOYY	AMDL	Difference
Sharpe ratio: Return per unit of total volatility	—	3.34	—
Sortino ratio: Return per unit of downside risk	—	3.28	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	8.19	—
Martin ratio: Return relative to average drawdown	—	15.79	—

Drawdowns

IOYY vs. AMDL - Drawdown Comparison

The maximum IOYY drawdown since its inception was -38.47%, smaller than the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for IOYY and AMDL.

Drawdown Indicators

	IOYY	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-38.47%	-88.63%	+50.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-56.13%	—
Current Drawdown Current decline from peak	-35.68%	-28.12%	-7.56%
Average Drawdown Average peak-to-trough decline	-24.26%	-46.83%	+22.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	29.06%	—

Volatility

Volatility by Period

	IOYY	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	43.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	106.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.06%	137.54%	-105.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.06%	119.34%	-87.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.06%	119.34%	-87.28%

IOYY vs. AMDL - Expense Ratio Comparison

Both IOYY and AMDL have an expense ratio of 1.07%.

Dividends

IOYY vs. AMDL - Dividend Comparison

IOYY's dividend yield for the trailing twelve months is around 165.60%, while AMDL has not paid dividends to shareholders.

Position	TTM	2025
AMDL GraniteShares 2x Long AMD Daily ETF	0.00%	0.00%
IOYY GraniteShares YieldBOOST IONQ ETF	165.60%	28.55%

Frequently Asked Questions

Can I hold both IOYY and AMDL in my portfolio?

IOYY and AMDL have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IOYY or AMDL?

Both ETFs have the same 1.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IOYY or AMDL?

IOYY and AMDL have the same expense ratio: 1.07% per year.

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

IOYY has the higher dividend yield at 165.60%, compared with 0.00% for AMDL.

What is the main difference between IOYY and AMDL?

IOYY is categorized as Derivative Income, while AMDL is Leveraged Equities.