KIE vs. AMDL

Last updated Jun 4, 2026

KIE (SPDR S&P Insurance ETF) and AMDL (GraniteShares 2x Long AMD Daily ETF) are both exchange-traded funds - KIE is a Financials Equities fund tracking the S&P Insurance Select Industry Index, while AMDL is a Leveraged Equities fund actively managed by GraniteShares. KIE is passively managed, while AMDL is actively managed. Over the past year, KIE returned -7.54% vs 1189.78% for AMDL. At a 0.03 correlation, their price movements are largely independent. KIE charges 0.35%/yr vs 1.15%/yr for AMDL.

Performance

KIE vs. AMDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Insurance ETF (KIE) 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, KIE achieves a -9.36% return, which is significantly lower than AMDL's 395.18% return.

KIE

• 1D: -1.61%
• 1M: -3.59%
• YTD: -9.36%
• 6M: -7.05%
• 1Y: -7.54%
• 3Y*: 12.94%
• 5Y*: 8.23%
• 10Y*: 10.42%

AMDL

• 1D: 8.25%
• 1M: 135.69%
• YTD: 395.18%
• 6M: 371.52%
• 1Y: 1,189.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KIE vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KIE SPDR S&P Insurance ETF	-9.36%	8.12%	13.58%
AMDL GraniteShares 2x Long AMD Daily ETF	395.18%	103.00%	-69.97%

Correlation

The correlation between KIE and AMDL is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024	0.03

The correlation between KIE and AMDL shifts across timeframes, from -0.17 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.

KIE vs. AMDL - Sectors Allocation Comparison

Sectors	KIE	AMDL
Financial Services	97.5%	-
Healthcare	2.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	66.7%
Utilities	-	-

Return for Risk

KIE vs. AMDL — Risk / Return Rank

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

KIE

KIE Risk / Return Rank: 4
KIE Sharpe Ratio Rank: 5
KIE Sortino Ratio Rank: 4
KIE Omega Ratio Rank: 4
KIE Calmar Ratio Rank: 3
KIE Martin Ratio Rank: 1

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.

KIE vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Insurance ETF (KIE) 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.

	KIE	AMDL	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	9.30	-9.77
Sortino ratio: Return per unit of downside risk	-0.55	4.81	-5.36
Omega ratio: Gain probability vs. loss probability	0.94	1.63	-0.70
Calmar ratio: Return relative to maximum drawdown	-0.64	21.43	-22.07
Martin ratio: Return relative to average drawdown	-1.57	42.08	-43.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KIE vs. AMDL - Sharpe Ratio Comparison

The current KIE Sharpe Ratio is -0.47, which is lower than the AMDL Sharpe Ratio of 9.30. The chart below compares the historical Sharpe Ratios of KIE 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.

Sharpe Ratios by Period

	KIE	AMDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.47	9.30	-9.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.56	-0.28

Drawdowns

KIE vs. AMDL - Drawdown Comparison

The maximum KIE drawdown since its inception was -75.30%, smaller than the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for KIE and AMDL.

Drawdown Indicators

	KIE	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-75.30%	-88.63%	+13.33%
Max Drawdown (1Y) Largest decline over 1 year	-11.81%	-56.13%	+44.32%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.31%	—	—
Current Drawdown Current decline from peak	-10.67%	0.00%	-10.67%
Average Drawdown Average peak-to-trough decline	-12.04%	-48.58%	+36.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.81%	28.53%	-23.72%

Volatility

KIE vs. AMDL - Volatility Comparison

The current volatility for SPDR S&P Insurance ETF (KIE) is 4.59%, while GraniteShares 2x Long AMD Daily ETF (AMDL) has a volatility of 46.02%. This indicates that KIE 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

	KIE	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	46.02%	-41.43%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	94.09%	-82.93%
Volatility (1Y) Calculated over the trailing 1-year period	16.10%	129.41%	-113.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	116.59%	-98.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.17%	116.59%	-95.42%

KIE vs. AMDL - Expense Ratio Comparison

KIE has a 0.35% expense ratio, which is lower than AMDL's 1.15% expense ratio.

Dividends

KIE vs. AMDL - Dividend Comparison

KIE's dividend yield for the trailing twelve months is around 1.71%, while AMDL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMDL GraniteShares 2x Long AMD Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KIE SPDR S&P Insurance ETF	1.71%	1.57%	1.48%	1.45%	1.90%	1.95%	1.85%	1.76%	1.83%	1.56%	1.55%	1.65%

Frequently Asked Questions

Can I hold both KIE and AMDL in my portfolio?

KIE and AMDL have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KIE or AMDL?

AMDL has higher volatility (46.02%) compared to KIE (4.59%). In terms of maximum drawdown, KIE dropped -75.30% vs AMDL's -88.63%.

Which ETF is better, KIE or AMDL?

On 1-year performance, AMDL leads with 1189.78% vs -7.54% for KIE. On fees, KIE is cheaper at 0.35% per year. On volatility, KIE has been the lower-risk option at 4.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KIE or AMDL?

Over the 1-year period, AMDL has performed better with a 1189.78% return vs -7.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KIE or AMDL?

KIE is cheaper with a 0.35% expense ratio, compared with 1.15% for AMDL.

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

KIE has the higher dividend yield at 1.71%, compared with 0.00% for AMDL.

What is the main difference between KIE and AMDL?

KIE is categorized as Financials Equities, while AMDL is Leveraged Equities. They also come from different issuers: State Street and GraniteShares. Their fees differ too: 0.35% for KIE and 1.15% for AMDL.

Which has better risk-adjusted returns?

AMDL currently has the higher Sharpe Ratio (9.30 vs -0.47), 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.