UPST vs. AMDL

Last updated Jul 15, 2026

UPST (Upstart Holdings, Inc.) is a stock, while AMDL (GraniteShares 2x Long AMD Daily ETF) is Leveraged Equities fund tracking the Advanced Micro Devices, Inc. (200%). Over the past year, UPST returned -57.70% vs 696.99% for AMDL. At a 0.35 correlation, their price movements are largely independent.

Performance

UPST vs. AMDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Upstart Holdings, Inc. (UPST) 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, UPST achieves a -27.46% return, which is significantly lower than AMDL's 359.74% return.

UPST

• 1D: 0.83%
• 1M: 4.00%
• 6M: -32.65%
• YTD: -27.46%
• 1Y: -57.70%
• 3Y*: -11.99%
• 5Y*: -22.45%
• 10Y*: —

AMDL

• 1D: 4.81%
• 1M: 8.09%
• 6M: 336.71%
• YTD: 359.74%
• 1Y: 696.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UPST vs. AMDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UPST Upstart Holdings, Inc.	-27.46%	-28.98%	160.56%
AMDL GraniteShares 2x Long AMD Daily ETF	359.74%	103.00%	-69.97%

Correlation

The correlation between UPST and AMDL is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024	0.35

Return for Risk

UPST vs. AMDL — Risk / Return Rank

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

UPST

UPST Risk / Return Rank: 13
UPST Sharpe Ratio Rank: 9
UPST Sortino Ratio Rank: 11
UPST Omega Ratio Rank: 12
UPST Calmar Ratio Rank: 12
UPST Martin Ratio Rank: 19

AMDL

AMDL Risk / Return Rank: 95
AMDL Sharpe Ratio Rank: 98
AMDL Sortino Ratio Rank: 93
AMDL Omega Ratio Rank: 92
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.

UPST vs. AMDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Upstart Holdings, Inc. (UPST) 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.

	UPST	AMDL	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	5.13	-5.96
Sortino ratio: Return per unit of downside risk	-1.17	3.78	-4.95
Omega ratio: Gain probability vs. loss probability	0.86	1.48	-0.62
Calmar ratio: Return relative to maximum drawdown	-0.81	12.53	-13.35
Martin ratio: Return relative to average drawdown	-1.14	24.23	-25.37

UPST vs. AMDL - Sharpe Ratio Comparison

The current UPST Sharpe Ratio is -0.83, which is lower than the AMDL Sharpe Ratio of 5.13. The chart below compares the historical Sharpe Ratios of UPST 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

UPST vs. AMDL - Drawdown Comparison

The maximum UPST drawdown since its inception was -96.90%, which is greater than AMDL's maximum drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for UPST and AMDL.

Drawdown Indicators

	UPST	AMDL	Difference
Max Drawdown Largest peak-to-trough decline	-96.90%	-88.63%	-8.27%
Max Drawdown (1Y) Largest decline over 1 year	-71.21%	-56.13%	-15.08%
Max Drawdown (3Y) Largest decline over 3 years	-72.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-96.90%	—	—
Current Drawdown Current decline from peak	-91.87%	-13.61%	-78.26%
Average Drawdown Average peak-to-trough decline	-76.40%	-46.91%	-29.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.80%	28.98%	+21.82%

Volatility

UPST vs. AMDL - Volatility Comparison

The current volatility for Upstart Holdings, Inc. (UPST) is 16.18%, while GraniteShares 2x Long AMD Daily ETF (AMDL) has a volatility of 44.94%. This indicates that UPST 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

	UPST	AMDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.18%	44.94%	-28.76%
Volatility (6M) Calculated over the trailing 6-month period	50.11%	106.40%	-56.29%
Volatility (1Y) Calculated over the trailing 1-year period	69.41%	137.30%	-67.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	103.64%	119.22%	-15.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	113.33%	119.22%	-5.89%

Dividends

UPST vs. AMDL - Dividend Comparison

Neither UPST nor AMDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UPST and AMDL in my portfolio?

UPST and AMDL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UPST or AMDL?

AMDL has higher volatility (44.94%) compared to UPST (16.18%). In terms of maximum drawdown, UPST dropped -96.90% vs AMDL's -88.63%.

Which has better risk-adjusted returns?

AMDL currently has the higher Sharpe Ratio (5.12 vs -0.83), 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.