SMCY vs. AMDL

Last updated Jun 23, 2026

SMCY (YieldMax SMCI Option Income Strategy ETF) and AMDL (GraniteShares 2x Long AMD Daily ETF) are both exchange-traded funds - SMCY is a Derivative Income fund actively managed by YieldMax, while AMDL is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. Over the past year, SMCY returned -26.44% vs 978.63% for AMDL. A 0.55 correlation means they provide meaningful diversification when combined. SMCY charges 0.99%/yr vs 1.15%/yr for AMDL.

Performance

SMCY vs. AMDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax SMCI Option Income Strategy ETF (SMCY) 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, SMCY achieves a 6.57% return, which is significantly lower than AMDL's 386.95% return.

SMCY

• 1D: 12.05%
• 1M: -3.80%
• YTD: 6.57%
• 6M: 2.62%
• 1Y: -26.44%
• 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)

SMCY vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SMCY YieldMax SMCI Option Income Strategy ETF	6.57%	-15.41%	-33.36%
AMDL GraniteShares 2x Long AMD Daily ETF	386.95%	103.00%	-40.25%

Correlation

The correlation between SMCY and AMDL is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024	0.55

The correlation between SMCY and AMDL has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.

Return for Risk

SMCY vs. AMDL — Risk / Return Rank

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

SMCY

SMCY Risk / Return Rank: 6
SMCY Sharpe Ratio Rank: 6
SMCY Sortino Ratio Rank: 7
SMCY Omega Ratio Rank: 7
SMCY Calmar Ratio Rank: 5
SMCY Martin Ratio Rank: 5

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.

SMCY vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax SMCI Option Income Strategy ETF (SMCY) 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.

	SMCY	AMDL	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	7.39	-7.76
Sortino ratio: Return per unit of downside risk	-0.04	4.31	-4.35
Omega ratio: Gain probability vs. loss probability	0.99	1.57	-0.57
Calmar ratio: Return relative to maximum drawdown	-0.44	17.62	-18.06
Martin ratio: Return relative to average drawdown	-0.73	34.27	-35.01

SMCY vs. AMDL - Sharpe Ratio Comparison

The current SMCY Sharpe Ratio is -0.37, which is lower than the AMDL Sharpe Ratio of 7.39. The chart below compares the historical Sharpe Ratios of SMCY 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

SMCY vs. AMDL - Drawdown Comparison

The maximum SMCY drawdown since its inception was -64.75%, smaller than the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for SMCY and AMDL.

Drawdown Indicators

	SMCY	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-64.75%	-88.63%	+23.88%
Max Drawdown (1Y) Largest decline over 1 year	-60.43%	-56.13%	-4.30%
Current Drawdown Current decline from peak	-48.62%	-1.66%	-46.96%
Average Drawdown Average peak-to-trough decline	-37.24%	-47.80%	+10.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.12%	28.80%	+7.32%

Volatility

SMCY vs. AMDL - Volatility Comparison

The current volatility for YieldMax SMCI Option Income Strategy ETF (SMCY) is 41.27%, while GraniteShares 2x Long AMD Daily ETF (AMDL) has a volatility of 46.96%. This indicates that SMCY 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

	SMCY	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.27%	46.96%	-5.69%
Volatility (6M) Calculated over the trailing 6-month period	67.03%	101.28%	-34.25%
Volatility (1Y) Calculated over the trailing 1-year period	72.73%	134.09%	-61.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.67%	118.34%	-37.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.67%	118.34%	-37.67%

SMCY vs. AMDL - Expense Ratio Comparison

SMCY has a 0.99% expense ratio, which is lower than AMDL's 1.15% expense ratio.

Dividends

SMCY vs. AMDL - Dividend Comparison

SMCY's dividend yield for the trailing twelve months is around 190.02%, while AMDL has not paid dividends to shareholders.

Position	TTM	2025	2024
AMDL GraniteShares 2x Long AMD Daily ETF	0.00%	0.00%	0.00%
SMCY YieldMax SMCI Option Income Strategy ETF	190.02%	231.43%	38.43%

Frequently Asked Questions

Can I hold both SMCY and AMDL in my portfolio?

SMCY and AMDL have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMCY or AMDL?

AMDL has higher volatility (46.96%) compared to SMCY (41.27%). In terms of maximum drawdown, SMCY dropped -64.75% vs AMDL's -88.63%.

Which ETF is better, SMCY or AMDL?

On 1-year performance, AMDL leads with 978.63% vs -26.44% for SMCY. On fees, SMCY is cheaper at 0.99% per year. On volatility, SMCY has been the lower-risk option at 41.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMCY or AMDL?

Over the 1-year period, AMDL has performed better with a 978.63% return vs -26.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMCY or AMDL?

SMCY is cheaper with a 0.99% expense ratio, compared with 1.15% for AMDL.

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

SMCY has the higher dividend yield at 190.02%, compared with 0.00% for AMDL.

What is the main difference between SMCY and AMDL?

SMCY is categorized as Derivative Income, while AMDL is Leveraged Equities. They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 0.99% for SMCY and 1.15% for AMDL.

Which has better risk-adjusted returns?

AMDL currently has the higher Sharpe Ratio (7.39 vs -0.37), 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.