Data as of .
AMDL vs DAMD: which held to its multiple?
Over three months against its own daily promise, AMDL finished 3.2 points short and DAMD 0.2 points short.
ETFIQ Decay Resistance Score: AMDL scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| AMDL | DAMD | AMDL | DAMD | AMDL | DAMD | |
| 1 month | +10.5% | −17.4% | +13.7% | −13.7% | −3.3 pts | −3.6 pts |
| 3 months | −12.8% | −32.5% | +1.8% | −1.8% | −14.6 pts | −30.7 pts |
| 6 months | +412.2% | −94.3% | not meaningful | not meaningful | not meaningful | not meaningful |
| 1 year | +499.5% | not published | not meaningful | not published | not meaningful | not published |
| Since launch | +126.1% | −93.4% | not meaningful | not meaningful | not meaningful | not meaningful |
| AMDL GraniteShares 2x Long AMD 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 | GraniteShares | Defiance |
| Sets out to return | +2x | -2x |
| On | AMD | AMD |
| Segment | company | company |
| Fund returned, 3 months | −12.8% | −32.5% |
| Underlying returned, 3 months | +0.9% | +0.9% |
| What the stated multiple implies, 3 months | +1.8% | −1.8% |
| Difference from stated, 3 months | −14.6 pts | −30.7 pts |
| Fund returned, 1 year or since launch | +499.5% | −93.4% |
| Difference from stated, over that window | not available | not available |
| Underlying volatility | 70% | 70% |
| Difference over the days both have traded | −3.3 pts | no shared window |
| Expense ratio | 1.07% | 1.30% |
| Launched | Mar 18, 2024 | Nov 14, 2025 |
AMDL in plain words
Three months to Sep 11, 2026: AMDL returned −12.8% where its own daily promise gave −9.6%, 3.2 points short. Read the multiple against the whole window instead and +2 times AMD's 0.9% implies +1.8%, which makes AMDL look 14.6 points short. 11.4 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. AMDL 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 70% 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.
Questions people ask
- Which came closer to its stated multiple, AMDL or DAMD?
- Over the window to Sep 11, 2026, AMDL finished 14.6 points from what its multiple implies and DAMD finished 30.7 points from its own, so AMDL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are AMDL and DAMD levered on the same thing?
- Yes. Both are levered on AMD, AMDL at +2 times and DAMD at -2 times the daily move.
- Which one decays faster, AMDL or DAMD?
- Decay follows how much the underlying moves about. Over this window AMDL’s moved at 70% annualized and DAMD’s at 70%, so AMDL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold AMDL 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, AMDL or DAMD?
- AMDL charges 1.07% a year and DAMD charges 1.30%, so AMDL 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, AMDL against DAMD, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/AMDL-DAMD Free to use with attribution; the underlying files are at Open data.