MIG vs. AMDL

Last updated Jun 4, 2026

MIG (VanEck Moody's Analytics IG Corporate Bond ETF) and AMDL (GraniteShares 2x Long AMD Daily ETF) are both exchange-traded funds - MIG is a Corporate Bonds fund tracking the MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI), while AMDL is a Leveraged Equities fund actively managed by GraniteShares. MIG is passively managed, while AMDL is actively managed. Over the past year, MIG returned 5.37% vs 1189.78% for AMDL. At a 0.11 correlation, their price movements are largely independent. MIG charges 0.20%/yr vs 1.15%/yr for AMDL.

Performance

MIG vs. AMDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Moody's Analytics IG Corporate Bond ETF (MIG) 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, MIG achieves a 0.39% return, which is significantly lower than AMDL's 395.18% return.

MIG

• 1D: -0.19%
• 1M: 0.41%
• YTD: 0.39%
• 6M: -0.01%
• 1Y: 5.37%
• 3Y*: 5.64%
• 5Y*: 0.97%
• 10Y*: —

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)

MIG vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MIG VanEck Moody's Analytics IG Corporate Bond ETF	0.39%	7.34%	4.42%
AMDL GraniteShares 2x Long AMD Daily ETF	395.18%	103.00%	-69.97%

Correlation

The correlation between MIG and AMDL is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024	0.11

Return for Risk

MIG vs. AMDL — Risk / Return Rank

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

MIG

MIG Risk / Return Rank: 36
MIG Sharpe Ratio Rank: 36
MIG Sortino Ratio Rank: 35
MIG Omega Ratio Rank: 34
MIG Calmar Ratio Rank: 39
MIG Martin Ratio Rank: 35

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.

MIG vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) 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.

	MIG	AMDL	Difference
Sharpe ratio: Return per unit of total volatility	1.27	9.30	-8.03
Sortino ratio: Return per unit of downside risk	1.84	4.81	-2.97
Omega ratio: Gain probability vs. loss probability	1.22	1.63	-0.41
Calmar ratio: Return relative to maximum drawdown	1.90	21.43	-19.53
Martin ratio: Return relative to average drawdown	5.24	42.08	-36.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIG vs. AMDL - Sharpe Ratio Comparison

The current MIG Sharpe Ratio is 1.27, which is lower than the AMDL Sharpe Ratio of 9.30. The chart below compares the historical Sharpe Ratios of MIG 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

	MIG	AMDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	9.30	-8.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.56	-0.42

Drawdowns

MIG vs. AMDL - Drawdown Comparison

The maximum MIG drawdown since its inception was -20.98%, smaller than the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for MIG and AMDL.

Drawdown Indicators

	MIG	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-20.98%	-88.63%	+67.65%
Max Drawdown (1Y) Largest decline over 1 year	-2.83%	-56.13%	+53.30%
Max Drawdown (3Y) Largest decline over 3 years	-5.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.98%	—	—
Current Drawdown Current decline from peak	-1.24%	0.00%	-1.24%
Average Drawdown Average peak-to-trough decline	-6.81%	-48.58%	+41.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	28.53%	-27.50%

Volatility

MIG vs. AMDL - Volatility Comparison

The current volatility for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) is 1.47%, while GraniteShares 2x Long AMD Daily ETF (AMDL) has a volatility of 46.02%. This indicates that MIG 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

	MIG	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.47%	46.02%	-44.55%
Volatility (6M) Calculated over the trailing 6-month period	3.13%	94.09%	-90.96%
Volatility (1Y) Calculated over the trailing 1-year period	4.26%	129.41%	-125.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.35%	116.59%	-110.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.22%	116.59%	-110.37%

MIG vs. AMDL - Expense Ratio Comparison

MIG has a 0.20% expense ratio, which is lower than AMDL's 1.15% expense ratio.

Dividends

MIG vs. AMDL - Dividend Comparison

MIG's dividend yield for the trailing twelve months is around 4.78%, while AMDL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
AMDL GraniteShares 2x Long AMD Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MIG VanEck Moody's Analytics IG Corporate Bond ETF	4.78%	4.81%	4.68%	4.38%	3.06%	2.15%	0.18%

Frequently Asked Questions

Can I hold both MIG and AMDL in my portfolio?

MIG and AMDL have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIG or AMDL?

AMDL has higher volatility (46.02%) compared to MIG (1.47%). In terms of maximum drawdown, MIG dropped -20.98% vs AMDL's -88.63%.

Which ETF is better, MIG or AMDL?

On 1-year performance, AMDL leads with 1189.78% vs 5.37% for MIG. On fees, MIG is cheaper at 0.20% per year. On volatility, MIG has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MIG or AMDL?

Over the 1-year period, AMDL has performed better with a 1189.78% return vs 5.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MIG or AMDL?

MIG is cheaper with a 0.20% expense ratio, compared with 1.15% for AMDL.

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

MIG has the higher dividend yield at 4.78%, compared with 0.00% for AMDL.

What is the main difference between MIG and AMDL?

MIG is categorized as Corporate Bonds, while AMDL is Leveraged Equities. They also come from different issuers: VanEck and GraniteShares. Their fees differ too: 0.20% for MIG and 1.15% for AMDL.

Which has better risk-adjusted returns?

AMDL currently has the higher Sharpe Ratio (9.30 vs 1.27), 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.