Data as of .
AMDC vs DAMD: which held to its multiple?
Over a month against its own daily promise, AMDC finished 1.0 points short and DAMD 0.5 points over.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| AMDC | DAMD | AMDC | DAMD | AMDC | DAMD | |
| 1 month | +11.0% | −17.4% | +13.7% | −13.7% | −2.8 pts | −3.6 pts |
| 3 months | not published | −32.5% | not published | −1.8% | not published | −30.7 pts |
| 6 months | not published | −94.3% | not published | not meaningful | not published | not meaningful |
| Since launch | −30.0% | −93.4% | −22.3% | not meaningful | −7.7 pts | not meaningful |
| AMDC Corgi AMD 2x Daily ETF Aims to return twice the daily move of AMD | DAMD Defiance Daily Target 2X Short AMD ETF Aims to return twice the opposite of the daily move of AMD | |
|---|---|---|
| Issuer | Corgi | Defiance |
| Sets out to return | +2x | -2x |
| On | AMD | AMD |
| Segment | company | company |
| Fund returned, 3 months | +11.0% | −32.5% |
| Underlying returned, 3 months | +6.9% | +0.9% |
| What the stated multiple implies, 3 months | +13.7% | −1.8% |
| Difference from stated, 3 months | −2.8 pts | −30.7 pts |
| Fund returned, 1 year or since launch | −30.0% | −93.4% |
| Difference from stated, over that window | −7.7 pts | not available |
| Underlying volatility | 50% | 70% |
| Difference over the days both have traded | −2.8 pts | no shared window |
| Expense ratio | 0.45% | 1.30% |
| Launched | Jun 30, 2026 | Nov 14, 2025 |
AMDC in plain words
One month to Sep 11, 2026: AMDC returned +11.0% where its own daily promise gave +11.9%, 1.0 points short. Read the multiple against the whole window instead and +2 times AMD's 6.9% implies +13.7%, which makes AMDC look 2.8 points short. 1.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AMDC aims to return +2 times AMD's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. AMD moved at 50% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
DAMD in plain words
Three months to Sep 11, 2026: DAMD returned −32.5% where its own daily promise gave −32.3%, 0.2 points short. Read the multiple against the whole window instead and −2 times AMD's 0.9% implies −1.8%, which makes DAMD look 30.7 points short. 30.5 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. DAMD aims to return -2 times AMD's move each day, then resets. Over longer, the daily results compound, so the total is not -2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. AMD moved at 70% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, AMDC or DAMD?
- Over the window to Sep 11, 2026, AMDC finished 2.8 points from what its multiple implies and DAMD finished 30.7 points from its own, so AMDC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are AMDC and DAMD levered on the same thing?
- Yes. Both are levered on AMD, AMDC at +2 times and DAMD at -2 times the daily move.
- Which one decays faster, AMDC or DAMD?
- Decay follows how much the underlying moves about. Over this window AMDC’s moved at 50% annualized and DAMD’s at 70%, so DAMD has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold AMDC or DAMD for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, AMDC or DAMD?
- AMDC charges 0.45% a year and DAMD charges 1.30%, so AMDC is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, AMDC against DAMD, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/AMDC-DAMD Free to use with attribution; the underlying files are at Open data.