MDPL vs. AMDL

Last updated Jul 11, 2026

MDPL (Monarch Dividend Plus ETF) and AMDL (GraniteShares 2x Long AMD Daily ETF) are both exchange-traded funds - MDPL is a Mid Cap Value Equities fund tracking the Monarch Dividend Plus Index, while AMDL is a Leveraged Equities fund tracking the Advanced Micro Devices, Inc. (200%). Both are passively managed. Over the past year, MDPL returned 0.34% vs 729.03% for AMDL. At a 0.11 correlation, their price movements are largely independent. MDPL charges 1.24%/yr vs 1.07%/yr for AMDL.

Performance

MDPL vs. AMDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monarch Dividend Plus ETF (MDPL) 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, MDPL achieves a -2.31% return, which is significantly lower than AMDL's 379.29% return.

MDPL

• 1D: 0.23%
• 1M: -0.74%
• 6M: -6.22%
• YTD: -2.31%
• 1Y: 0.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDL

• 1D: 4.15%
• 1M: 12.69%
• 6M: 436.19%
• YTD: 379.29%
• 1Y: 729.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MDPL vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MDPL Monarch Dividend Plus ETF	-2.31%	7.57%	0.15%
AMDL GraniteShares 2x Long AMD Daily ETF	379.29%	103.00%	-69.97%

Correlation

The correlation between MDPL and AMDL is -0.08, 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	-0.08
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024	0.11

The correlation between MDPL and AMDL shifts across timeframes, from -0.08 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MDPL vs. AMDL — Risk / Return Rank

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

MDPL

MDPL Risk / Return Rank: 9
MDPL Sharpe Ratio Rank: 9
MDPL Sortino Ratio Rank: 8
MDPL Omega Ratio Rank: 8
MDPL Calmar Ratio Rank: 9
MDPL Martin Ratio Rank: 9

AMDL

AMDL Risk / Return Rank: 96
AMDL Sharpe Ratio Rank: 99
AMDL Sortino Ratio Rank: 94
AMDL Omega Ratio Rank: 92
AMDL Calmar Ratio Rank: 98
AMDL Martin Ratio Rank: 96

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.

MDPL vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monarch Dividend Plus ETF (MDPL) 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.

	MDPL	AMDL	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	5.56	-5.59
Sortino ratio: Return per unit of downside risk	0.07	3.88	-3.82
Omega ratio: Gain probability vs. loss probability	1.01	1.50	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.04	13.56	-13.60
Martin ratio: Return relative to average drawdown	-0.10	26.24	-26.34

MDPL vs. AMDL - Sharpe Ratio Comparison

The current MDPL Sharpe Ratio is -0.03, which is lower than the AMDL Sharpe Ratio of 5.56. The chart below compares the historical Sharpe Ratios of MDPL 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

MDPL vs. AMDL - Drawdown Comparison

The maximum MDPL drawdown since its inception was -14.21%, smaller than the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for MDPL and AMDL.

Drawdown Indicators

	MDPL	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-14.21%	-88.63%	+74.42%
Max Drawdown (1Y) Largest decline over 1 year	-12.38%	-56.13%	+43.75%
Current Drawdown Current decline from peak	-6.80%	-9.93%	+3.13%
Average Drawdown Average peak-to-trough decline	-4.54%	-47.02%	+42.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.51%	28.94%	-23.43%

Volatility

MDPL vs. AMDL - Volatility Comparison

The current volatility for Monarch Dividend Plus ETF (MDPL) is 6.12%, while GraniteShares 2x Long AMD Daily ETF (AMDL) has a volatility of 47.47%. This indicates that MDPL 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

	MDPL	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	47.47%	-41.35%
Volatility (6M) Calculated over the trailing 6-month period	11.95%	106.09%	-94.14%
Volatility (1Y) Calculated over the trailing 1-year period	15.92%	137.10%	-121.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.36%	119.25%	-103.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.36%	119.25%	-103.89%

MDPL vs. AMDL - Expense Ratio Comparison

MDPL has a 1.24% expense ratio, which is higher than AMDL's 1.07% expense ratio.

Dividends

MDPL vs. AMDL - Dividend Comparison

MDPL's dividend yield for the trailing twelve months is around 1.58%, while AMDL has not paid dividends to shareholders.

Position	TTM	2025	2024
AMDL GraniteShares 2x Long AMD Daily ETF	0.00%	0.00%	0.00%
MDPL Monarch Dividend Plus ETF	1.58%	1.42%	1.02%

Frequently Asked Questions

Can I hold both MDPL and AMDL in my portfolio?

MDPL and AMDL have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDPL or AMDL?

AMDL has higher volatility (47.47%) compared to MDPL (6.12%). In terms of maximum drawdown, MDPL dropped -14.21% vs AMDL's -88.63%.

Which ETF is better, MDPL or AMDL?

On 1-year performance, AMDL leads with 729.03% vs 0.34% for MDPL. On fees, AMDL is cheaper at 1.07% per year. On volatility, MDPL has been the lower-risk option at 6.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MDPL or AMDL?

Over the 1-year period, AMDL has performed better with a 729.03% return vs 0.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MDPL or AMDL?

AMDL is cheaper with a 1.07% expense ratio, compared with 1.24% for MDPL.

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

MDPL has the higher dividend yield at 1.58%, compared with 0.00% for AMDL.

What is the main difference between MDPL and AMDL?

MDPL is categorized as Mid Cap Value Equities, while AMDL is Leveraged Equities. MDPL tracks Monarch Dividend Plus Index, while AMDL tracks Advanced Micro Devices, Inc. (200%). They also come from different issuers: Monarch and GraniteShares. Their fees differ too: 1.24% for MDPL and 1.07% for AMDL.

Which has better risk-adjusted returns?

AMDL currently has the higher Sharpe Ratio (5.56 vs -0.03), 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.