NBIL vs. AMDL

Last updated Jun 5, 2026

NBIL (GraniteShares 2X Long NBIS Daily ETF) and AMDL (GraniteShares 2x Long AMD Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. NBIL charges 1.50%/yr vs 1.15%/yr for AMDL.

Performance

NBIL vs. AMDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2X Long NBIS Daily ETF (NBIL) 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, NBIL achieves a 500.03% return, which is significantly higher than AMDL's 360.26% return.

NBIL

• 1D: 6.73%
• 1M: 96.91%
• YTD: 500.03%
• 6M: 275.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDL

• 1D: -7.05%
• 1M: 102.52%
• YTD: 360.26%
• 6M: 344.53%
• 1Y: 1,075.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBIL vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025
NBIL GraniteShares 2X Long NBIS Daily ETF	500.03%	-59.19%
AMDL GraniteShares 2x Long AMD Daily ETF	360.26%	-8.04%

Correlation

The correlation between NBIL and AMDL is 0.39, 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 Oct 8, 2025	0.39

Return for Risk

NBIL vs. AMDL — Risk / Return Rank

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

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: 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.

NBIL vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2X Long NBIS Daily ETF (NBIL) 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.

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

Sharpe Ratios by Period

	NBIL	AMDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	8.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.51	+0.96

Drawdowns

NBIL vs. AMDL - Drawdown Comparison

The maximum NBIL drawdown since its inception was -77.87%, smaller than the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for NBIL and AMDL.

Drawdown Indicators

	NBIL	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-77.87%	-88.63%	+10.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-56.13%	—
Current Drawdown Current decline from peak	-3.92%	-7.05%	+3.13%
Average Drawdown Average peak-to-trough decline	-44.65%	-48.51%	+3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.54%	—

Volatility

Volatility by Period

	NBIL	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	47.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	94.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	198.89%	129.64%	+69.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	198.89%	116.59%	+82.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	198.89%	116.59%	+82.30%

NBIL vs. AMDL - Expense Ratio Comparison

NBIL has a 1.50% expense ratio, which is higher than AMDL's 1.15% expense ratio.

Dividends

NBIL vs. AMDL - Dividend Comparison

Neither NBIL nor AMDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NBIL and AMDL in my portfolio?

NBIL and AMDL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBIL or AMDL?

On fees, AMDL is cheaper at 1.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBIL or AMDL?

AMDL is cheaper with a 1.15% expense ratio, compared with 1.50% for NBIL.

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

NBIL and AMDL have nearly identical dividend yields, around 0.00%.

What is the main difference between NBIL and AMDL?

Their fees differ too: 1.50% for NBIL and 1.15% for AMDL.