URSP vs. AMDG

Last updated Aug 4, 2026

URSP (ProShares Ultra S&P 500 Equal Weight ETF) and AMDG (Leverage Shares 2X Long AMD Daily ETF) are both Leveraged Equities funds. URSP is passively managed, while AMDG is actively managed. Their 0.29 correlation means their historical movements had little consistent relationship. URSP charges 0.95%/yr vs 0.75%/yr for AMDG.

Performance

URSP vs. AMDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra S&P 500 Equal Weight ETF (URSP) and Leverage Shares 2X Long AMD Daily ETF (AMDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URSP achieves a 25.09% return, which is significantly lower than AMDG's 241.41% return.

URSP

• 1D: 1.90%
• 1M: 1.64%
• 6M: 16.59%
• YTD: 25.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

AMDG

• 1D: 3.25%
• 1M: -17.54%
• 6M: 167.35%
• YTD: 241.41%
• 1Y: 333.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 248.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMDG Leverage Shares 2X Long AMD Daily ETF	$7.65M	$7.77M	$8.81M
URSP ProShares Ultra S&P 500 Equal Weight ETF	$4.31M	$3.45M	$2.33M

URSP vs. AMDG - Yearly Performance Comparison

	2026 (YTD)	2025
URSP ProShares Ultra S&P 500 Equal Weight ETF	25.09%	1.59%
AMDG Leverage Shares 2X Long AMD Daily ETF	241.41%	38.19%

Correlation

The correlation between URSP and AMDG is 0.29, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025	0.29

Return for Risk

URSP vs. AMDG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

URSP

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

AMDG

AMDG Risk / Return Rank: 87
AMDG Sharpe Ratio Rank: 91
AMDG Sortino Ratio Rank: 85
AMDG Omega Ratio Rank: 83
AMDG Calmar Ratio Rank: 96
AMDG Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

URSP vs. AMDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P 500 Equal Weight ETF (URSP) and Leverage Shares 2X Long AMD Daily ETF (AMDG). 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.

	URSP	AMDG	Difference
Sharpe ratio: Return per unit of total volatility	—	2.36	—
Sortino ratio: Return per unit of downside risk	—	2.92	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	5.95	—
Martin ratio: Return relative to average drawdown	—	11.16	—

Drawdowns

URSP vs. AMDG - Drawdown Comparison

The maximum URSP drawdown since its inception was -15.72%, smaller than the maximum AMDG drawdown of -63.32%. Use the drawdown chart below to compare losses from any high point for URSP and AMDG.

Drawdown Indicators

	URSP	AMDG	Difference
Max Drawdown Largest peak-to-trough decline	-15.72%	-63.32%	+47.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-56.48%	—
Current Drawdown Current decline from peak	-0.66%	-35.40%	+34.74%
Average Drawdown Average peak-to-trough decline	-2.88%	-25.07%	+22.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.06%	—

Volatility

Volatility by Period

	URSP	AMDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	48.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	112.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.36%	142.88%	-119.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.36%	135.04%	-111.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.36%	135.04%	-111.68%

URSP vs. AMDG - Expense Ratio Comparison

URSP has a 0.95% expense ratio, which is higher than AMDG's 0.75% expense ratio.

Dividends

URSP vs. AMDG - Dividend Comparison

URSP's dividend yield for the trailing twelve months is around 0.90%, less than AMDG's 3.28% yield.

Position	TTM	2025
AMDG Leverage Shares 2X Long AMD Daily ETF	3.28%	11.21%
URSP ProShares Ultra S&P 500 Equal Weight ETF	0.90%	0.38%

Frequently Asked Questions

Can I hold both URSP and AMDG in my portfolio?

URSP and AMDG 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 ETF is better, URSP or AMDG?

On fees, AMDG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, URSP or AMDG?

AMDG is cheaper with a 0.75% expense ratio, compared with 0.95% for URSP.

Which ETF pays a higher dividend yield, URSP or AMDG?

AMDG has the higher dividend yield at 3.28%, compared with 0.90% for URSP.

What is the main difference between URSP and AMDG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for URSP and 0.75% for AMDG.