PDDL vs. AMUU

Last updated Jul 18, 2026

PDDL (GraniteShares 2x Long PDD Daily ETF) and AMUU (Direxion Daily AMD Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. Over the past year, PDDL returned -52.00% vs 446.05% for AMUU. At a 0.20 correlation, their price movements are largely independent. PDDL charges 1.50%/yr vs 0.97%/yr for AMUU.

Performance

PDDL vs. AMUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PDD Daily ETF (PDDL) and Direxion Daily AMD Bull 2X Shares (AMUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDDL achieves a -52.87% return, which is significantly lower than AMUU's 278.08% return.

PDDL

• 1D: -5.90%
• 1M: 7.67%
• 6M: -46.49%
• YTD: -52.87%
• 1Y: -52.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMUU

• 1D: -1.86%
• 1M: -10.95%
• 6M: 227.37%
• YTD: 278.08%
• 1Y: 446.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PDDL vs. AMUU - Yearly Performance Comparison

	2026 (YTD)	2025
PDDL GraniteShares 2x Long PDD Daily ETF	-52.87%	9.27%
AMUU Direxion Daily AMD Bull 2X Shares	278.08%	72.77%

Correlation

The correlation between PDDL and AMUU is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.20

Return for Risk

PDDL vs. AMUU — Risk / Return Rank

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

PDDL

PDDL Risk / Return Rank: 3
PDDL Sharpe Ratio Rank: 3
PDDL Sortino Ratio Rank: 4
PDDL Omega Ratio Rank: 3
PDDL Calmar Ratio Rank: 4
PDDL Martin Ratio Rank: 3

AMUU

AMUU Risk / Return Rank: 91
AMUU Sharpe Ratio Rank: 96
AMUU Sortino Ratio Rank: 88
AMUU Omega Ratio Rank: 86
AMUU Calmar Ratio Rank: 97
AMUU Martin Ratio Rank: 90

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.

PDDL vs. AMUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PDD Daily ETF (PDDL) and Direxion Daily AMD Bull 2X Shares (AMUU). 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.

	PDDL	AMUU	Difference
Sharpe ratio: Return per unit of total volatility	-0.77	3.27	-4.04
Sortino ratio: Return per unit of downside risk	-1.00	3.26	-4.26
Omega ratio: Gain probability vs. loss probability	0.88	1.41	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.69	7.99	-8.67
Martin ratio: Return relative to average drawdown	-1.24	15.37	-16.60

PDDL vs. AMUU - Sharpe Ratio Comparison

The current PDDL Sharpe Ratio is -0.77, which is lower than the AMUU Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of PDDL and AMUU, 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

PDDL vs. AMUU - Drawdown Comparison

The maximum PDDL drawdown since its inception was -76.06%, which is greater than AMUU's maximum drawdown of -56.47%. Use the drawdown chart below to compare losses from any high point for PDDL and AMUU.

Drawdown Indicators

	PDDL	AMUU	Difference
Max Drawdown Largest peak-to-trough decline	-76.06%	-56.47%	-19.59%
Max Drawdown (1Y) Largest decline over 1 year	-76.06%	-56.31%	-19.75%
Current Drawdown Current decline from peak	-69.16%	-29.10%	-40.06%
Average Drawdown Average peak-to-trough decline	-34.25%	-22.11%	-12.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.01%	29.22%	+12.79%

Volatility

PDDL vs. AMUU - Volatility Comparison

The current volatility for GraniteShares 2x Long PDD Daily ETF (PDDL) is 23.51%, while Direxion Daily AMD Bull 2X Shares (AMUU) has a volatility of 40.44%. This indicates that PDDL experiences smaller price fluctuations and is considered to be less risky than AMUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDDL	AMUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.51%	40.44%	-16.93%
Volatility (6M) Calculated over the trailing 6-month period	52.78%	106.59%	-53.81%
Volatility (1Y) Calculated over the trailing 1-year period	67.91%	137.38%	-69.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.67%	133.82%	-66.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.67%	133.82%	-66.15%

PDDL vs. AMUU - Expense Ratio Comparison

PDDL has a 1.50% expense ratio, which is higher than AMUU's 0.97% expense ratio.

Dividends

PDDL vs. AMUU - Dividend Comparison

PDDL's dividend yield for the trailing twelve months is around 0.71%, less than AMUU's 3.98% yield.

Position	TTM	2025
AMUU Direxion Daily AMD Bull 2X Shares	3.98%	13.58%
PDDL GraniteShares 2x Long PDD Daily ETF	0.71%	0.33%

Frequently Asked Questions

Can I hold both PDDL and AMUU in my portfolio?

PDDL and AMUU have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDDL or AMUU?

AMUU has higher volatility (40.44%) compared to PDDL (23.51%). In terms of maximum drawdown, PDDL dropped -76.06% vs AMUU's -56.47%.

Which ETF is better, PDDL or AMUU?

On 1-year performance, AMUU leads with 446.05% vs -52.00% for PDDL. On fees, AMUU is cheaper at 0.97% per year. On volatility, PDDL has been the lower-risk option at 23.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PDDL or AMUU?

Over the 1-year period, AMUU has performed better with a 446.05% return vs -52.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PDDL or AMUU?

AMUU is cheaper with a 0.97% expense ratio, compared with 1.50% for PDDL.

Which ETF pays a higher dividend yield, PDDL or AMUU?

AMUU has the higher dividend yield at 3.98%, compared with 0.71% for PDDL.

What is the main difference between PDDL and AMUU?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for PDDL and 0.97% for AMUU.

Which has better risk-adjusted returns?

AMUU currently has the higher Sharpe Ratio (3.27 vs -0.77), 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.