RVNL vs. AMDL

Last updated Jun 23, 2026

RVNL (GraniteShares 2x Long RIVN Daily ETF) and AMDL (GraniteShares 2x Long AMD Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. Over the past year, RVNL returned -27.50% vs 978.63% for AMDL. At a 0.29 correlation, their price movements are largely independent. Both charge a 1.15% expense ratio.

Performance

RVNL vs. AMDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long RIVN Daily ETF (RVNL) 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, RVNL achieves a -54.72% return, which is significantly lower than AMDL's 386.95% return.

RVNL

• 1D: -16.80%
• 1M: 6.34%
• YTD: -54.72%
• 6M: -63.02%
• 1Y: -27.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDL

• 1D: 5.43%
• 1M: 30.82%
• YTD: 386.95%
• 6M: 382.29%
• 1Y: 978.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RVNL vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025
RVNL GraniteShares 2x Long RIVN Daily ETF	-54.72%	109.17%
AMDL GraniteShares 2x Long AMD Daily ETF	386.95%	374.09%

Correlation

The correlation between RVNL and AMDL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Apr 22, 2025	0.29

RVNL vs. AMDL - Sectors Allocation Comparison

Sectors	RVNL	AMDL
Consumer Cyclical	66.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	66.6%
Utilities	-	-

Return for Risk

RVNL vs. AMDL — Risk / Return Rank

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

RVNL

RVNL Risk / Return Rank: 9
RVNL Sharpe Ratio Rank: 7
RVNL Sortino Ratio Rank: 13
RVNL Omega Ratio Rank: 12
RVNL Calmar Ratio Rank: 6
RVNL Martin Ratio Rank: 6

AMDL

AMDL Risk / Return Rank: 95
AMDL Sharpe Ratio Rank: 99
AMDL Sortino Ratio Rank: 93
AMDL Omega Ratio Rank: 91
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.

RVNL vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RIVN Daily ETF (RVNL) 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.

	RVNL	AMDL	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	7.39	-7.60
Sortino ratio: Return per unit of downside risk	0.62	4.31	-3.69
Omega ratio: Gain probability vs. loss probability	1.07	1.57	-0.50
Calmar ratio: Return relative to maximum drawdown	-0.38	17.62	-18.00
Martin ratio: Return relative to average drawdown	-0.66	34.27	-34.94

RVNL vs. AMDL - Sharpe Ratio Comparison

The current RVNL Sharpe Ratio is -0.21, which is lower than the AMDL Sharpe Ratio of 7.39. The chart below compares the historical Sharpe Ratios of RVNL 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

RVNL vs. AMDL - Drawdown Comparison

The maximum RVNL drawdown since its inception was -72.92%, smaller than the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for RVNL and AMDL.

Drawdown Indicators

	RVNL	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-72.92%	-88.63%	+15.71%
Max Drawdown (1Y) Largest decline over 1 year	-72.92%	-56.13%	-16.79%
Current Drawdown Current decline from peak	-65.28%	-1.66%	-63.62%
Average Drawdown Average peak-to-trough decline	-40.79%	-47.80%	+7.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.46%	28.80%	+12.66%

Volatility

RVNL vs. AMDL - Volatility Comparison

GraniteShares 2x Long RIVN Daily ETF (RVNL) and GraniteShares 2x Long AMD Daily ETF (AMDL) have volatilities of 47.24% and 46.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RVNL	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	47.24%	46.96%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	95.47%	101.28%	-5.81%
Volatility (1Y) Calculated over the trailing 1-year period	131.48%	134.09%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	126.64%	118.34%	+8.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	126.64%	118.34%	+8.30%

RVNL vs. AMDL - Expense Ratio Comparison

Both RVNL and AMDL have an expense ratio of 1.15%.

Dividends

RVNL vs. AMDL - Dividend Comparison

Neither RVNL nor AMDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RVNL and AMDL in my portfolio?

RVNL and AMDL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RVNL or AMDL?

RVNL has higher volatility (47.24%) compared to AMDL (46.96%). In terms of maximum drawdown, RVNL dropped -72.92% vs AMDL's -88.63%.

Which ETF is better, RVNL or AMDL?

On 1-year performance, AMDL leads with 978.63% vs -27.50% for RVNL. Both ETFs have the same 1.15% expense ratio. On volatility, AMDL has been the lower-risk option at 46.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RVNL or AMDL?

Over the 1-year period, AMDL has performed better with a 978.63% return vs -27.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RVNL or AMDL?

RVNL and AMDL have the same expense ratio: 1.15% per year.

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

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

Which has better risk-adjusted returns?

AMDL currently has the higher Sharpe Ratio (7.39 vs -0.21), 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.