Which came closer to its stated multiple, AMAA or AMZZ?

Over the window to Sep 30, 2026, AMAA finished 6.1 points from what its multiple implies and AMZZ finished 5.0 points from its own, so AMZZ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AMAA and AMZZ levered on the same thing?

Yes. Both are levered on Amazon.com, AMAA at +2 times and AMZZ at +2 times the daily move.

Which one decays faster, AMAA or AMZZ?

Decay follows how much the underlying moves about. Over this window AMAA’s moved at 41% annualized and AMZZ’s at 41%, so AMAA has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold AMAA or AMZZ 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, AMAA or AMZZ?

AMAA charges 0.45% a year and AMZZ charges 1.15%, so AMAA is cheaper. Fees come from each fund's prospectus.

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AMAA vs AMZZ: which held to its multiple?

Over the days both have traded, AMAA finished 1.2 points from its stated multiple and AMZZ 0.7. Corgi AMZN 2x Daily ETF and GraniteShares 2x Long AMZN Daily ETF.

+0.1%

AMAA returned, 3 months

+1.1%

AMZZ returned, 3 months

−6.1 pts

AMAA from its stated multiple

−5.0 pts

AMZZ from its stated multiple

AMAA · 3 months to Sep 30, 20266.1 pts short of its stated multiple

AMAA returned +0.1% while 2 times AMZN's move would have been +6.2%

AMZZ · 3 months to Sep 30, 20265 pts short of its stated multiple

AMZZ returned +1.1% while 2 times AMZN's move would have been +6.2%

ETFIQ Decay Resistance Score · AMZZ scores higherDid it keep up with its own daily multiple, compounded day by day?

AMAA 55.9

AMZZ 89.8

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	AMAA	AMZZ	AMAA	AMZZ	AMAA	AMZZ
1 month	−9.3%	−8.8%	−8.2%	−8.2%	−1.2 pts	−0.7 pts
3 months	+0.1%	+1.1%	+6.2%	+6.2%	−6.1 pts	−5.0 pts
6 months	not published	+27.5%	not published	+36.6%	not published	−9.2 pts
1 year	not published	+7.5%	not published	+26.9%	not published	−19.5 pts
Since launch AMAA Jun 2026 · AMZZ Mar 2024	+2.9%	+28.0%	+9.1%	+85.6%	−6.2 pts	−57.6 pts

AMAA and AMZZ over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

AMAA

Corgi AMZN 2x Daily ETF · Aims to return twice the daily move of Amazon.com (AMZN)

AMZZ

GraniteShares 2x Long AMZN Daily ETF · Aims to return twice the daily move of Amazon.com (AMZN)

Issuer Corgi GraniteShares

Sets out to return +2x +2x

Underlying asset AMZN AMZN

Segment company company

Fund returned, 3 months or since launch +0.1% +1.1%

Underlying returned, over that window +3.1% +3.1%

What the stated multiple implies, over that window +6.2% +6.2%

Difference from stated, over that window −6.1 pts −5.0 pts

Fund returned, 1 year or since launch +2.9% +7.5%

Difference from stated, over that window −6.2 pts −19.5 pts

Underlying volatility 41% 41%

Difference over the days both have traded −1.2 pts −0.7 pts

Expense ratio 0.45% 1.15%

Launched Jun 30, 2026 Mar 18, 2024

Net assets $564,555 $44m

AMAA and AMZZ on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AMAA in plain words

Three months to Sep 30, 2026: AMAA returned +0.1% where its own daily promise gave +2.5%, 2.4 points short. Read the multiple against the whole window instead and 2 times AMZN's 3.1% implies +6.2%, which makes AMAA look 6.1 points short. 3.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. AMAA aims to return +2 times AMZN'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. AMZN moved at 41% 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.

AMZZ in plain words

Three months to Sep 30, 2026: AMZZ returned +1.1% where its own daily promise gave +2.5%, 1.4 points short. Read the multiple against the whole window instead and 2 times AMZN's 3.1% implies +6.2%, which makes AMZZ look 5.0 points short. AMZZ aims to return +2 times AMZN's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, AMAA or AMZZ?: Over the window to Sep 30, 2026, AMAA finished 6.1 points from what its multiple implies and AMZZ finished 5.0 points from its own, so AMZZ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AMAA and AMZZ levered on the same thing?: Yes. Both are levered on Amazon.com, AMAA at +2 times and AMZZ at +2 times the daily move.
Which one decays faster, AMAA or AMZZ?: Decay follows how much the underlying moves about. Over this window AMAA’s moved at 41% annualized and AMZZ’s at 41%, so AMAA has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AMAA or AMZZ 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, AMAA or AMZZ?: AMAA charges 0.45% a year and AMZZ charges 1.15%, so AMAA is cheaper. Fees come from each fund's prospectus.

Other comparisons

AMAA vs AMZD AMAA vs AMZG AMAA vs AMZO AMAA vs AMZU AMZZ vs AMZD AMZZ vs AMZG AMZZ vs AMZO AMZZ vs AMZU

AMAA on its own →AMZZ on its own →How every figure is computed →Standards and sources →

Where these figures came from

AMAA filings on SEC EDGAR ↗AMAA prospectus with the expense ratio (SEC) ↗Corgi website ↗AMZZ filings on SEC EDGAR ↗AMZZ prospectus with the expense ratio (SEC) ↗GraniteShares page for AMZZ ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, AMAA against AMZZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/amaa-vs-amzz

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.