MUL.L vs. AMDL

Last updated Jun 6, 2026

MUL.L (Mulberry Group plc) is a stock, while AMDL (GraniteShares 2x Long AMD Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past year, MUL.L returned 13.95% vs 884.50% for AMDL. At a 0.02 correlation, their price movements are largely independent.

Performance

MUL.L vs. AMDL - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Mulberry Group plc (MUL.L) and GraniteShares 2x Long AMD Daily ETF (AMDL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MUL.L is traded in GBp, while AMDL is traded in USD. To make them comparable, the AMDL values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, MUL.L achieves a 16.67% return, which is significantly lower than AMDL's 264.53% return.

MUL.L

• 1D: 0.00%
• 1M: 6.52%
• YTD: 16.67%
• 6M: 22.50%
• 1Y: 13.95%
• 3Y*: -21.54%
• 5Y*: -16.89%
• 10Y*: -18.71%

AMDL

• 1D: -21.09%
• 1M: 18.14%
• YTD: 264.53%
• 6M: 242.81%
• 1Y: 884.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUL.L vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MUL.L Mulberry Group plc	16.67%	-3.23%	-11.43%
AMDL GraniteShares 2x Long AMD Daily ETF	264.53%	88.54%	-69.46%

Correlation

The correlation between MUL.L and AMDL is -0.03, 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	-0.03
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024	0.02

Return for Risk

MUL.L vs. AMDL — Risk / Return Rank

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

MUL.L

MUL.L Risk / Return Rank: 57
MUL.L Sharpe Ratio Rank: 57
MUL.L Sortino Ratio Rank: 52
MUL.L Omega Ratio Rank: 66
MUL.L Calmar Ratio Rank: 57
MUL.L Martin Ratio Rank: 54

AMDL

AMDL Risk / Return Rank: 95
AMDL Sharpe Ratio Rank: 99
AMDL Sortino Ratio Rank: 91
AMDL Omega Ratio Rank: 90
AMDL Calmar Ratio Rank: 98
AMDL Martin Ratio Rank: 95

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.

MUL.L vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mulberry Group plc (MUL.L) 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.

	MUL.L	AMDL	Difference
Sharpe ratio: Return per unit of total volatility	0.44	6.86	-6.42
Sortino ratio: Return per unit of downside risk	0.86	4.28	-3.42
Omega ratio: Gain probability vs. loss probability	1.20	1.57	-0.37
Calmar ratio: Return relative to maximum drawdown	0.69	15.77	-15.07
Martin ratio: Return relative to average drawdown	1.12	30.68	-29.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MUL.L vs. AMDL - Sharpe Ratio Comparison

The current MUL.L Sharpe Ratio is 0.44, which is lower than the AMDL Sharpe Ratio of 6.86. The chart below compares the historical Sharpe Ratios of MUL.L 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

	MUL.L	AMDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	6.86	-6.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.34	-0.26

Drawdowns

MUL.L vs. AMDL - Drawdown Comparison

The maximum MUL.L drawdown since its inception was -96.48%, which is greater than AMDL's maximum drawdown of -88.67%. Use the drawdown chart below to compare losses from any high point for MUL.L and AMDL.

Drawdown Indicators

	MUL.L	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-96.48%	-88.67%	-7.81%
Max Drawdown (1Y) Largest decline over 1 year	-20.00%	-56.66%	+36.66%
Max Drawdown (3Y) Largest decline over 3 years	-69.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-77.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.63%	—	—
Current Drawdown Current decline from peak	-94.62%	-26.68%	-67.94%
Average Drawdown Average peak-to-trough decline	-60.52%	-49.71%	-10.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.38%	29.07%	-16.69%

Volatility

MUL.L vs. AMDL - Volatility Comparison

The current volatility for Mulberry Group plc (MUL.L) is 10.46%, while GraniteShares 2x Long AMD Daily ETF (AMDL) has a volatility of 44.28%. This indicates that MUL.L 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

	MUL.L	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.46%	44.28%	-33.82%
Volatility (6M) Calculated over the trailing 6-month period	19.34%	96.04%	-76.70%
Volatility (1Y) Calculated over the trailing 1-year period	31.84%	130.47%	-98.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.43%	116.21%	-65.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.58%	116.21%	-63.63%

Dividends

MUL.L vs. AMDL - Dividend Comparison

Neither MUL.L nor AMDL has 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%
MUL.L Mulberry Group plc	0.00%	0.00%	0.00%	0.61%	1.30%	0.00%	0.00%	1.75%	1.69%	0.47%	0.46%	0.53%

Frequently Asked Questions

Can I hold both MUL.L and AMDL in my portfolio?

MUL.L and AMDL have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.