AMDC vs AMDL: which held to its multiple?

Over the days both have traded, AMDC finished 13.2 points from its stated multiple and AMDL 15.5. Corgi AMD 2x Daily ETF and GraniteShares 2x Long AMD Daily ETF.

+13.0%
AMDC returned, 3 months
+10.7%
AMDL returned, 3 months
−13.2 pts
AMDC from its stated multiple
−15.5 pts
AMDL from its stated multiple
AMDC · 3 months to Sep 30, 202613.2 pts short of its stated multiple
13.2 pts short of its stated multipleAMDC returned +13.0% while 2 times AMD's move would have been +26.2%AMD +13.1% ×2 implies+26.2%AMDC returned+13.0%13.2 pts short of its stated multipleAMDC returned +13.0% while 2 times AMD's move would have been +26.2%AMD +13.1% ×2 implies+26.2%AMDC returned+13.0%

AMDC returned +13.0% while 2 times AMD's move would have been +26.2%

AMDL · 3 months to Sep 30, 202615.5 pts short of its stated multiple
15.5 pts short of its stated multipleAMDL returned +10.7% while 2 times AMD's move would have been +26.2%AMD +13.1% ×2 implies+26.2%AMDL returned+10.7%15.5 pts short of its stated multipleAMDL returned +10.7% while 2 times AMD's move would have been +26.2%AMD +13.1% ×2 implies+26.2%AMDL returned+10.7%

AMDL returned +10.7% while 2 times AMD's move would have been +26.2%

ETFIQ Decay Resistance Score · AMDC scores higherDid it keep up with its own daily multiple, compounded day by day?
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 returnMultiple would giveDifference
WindowAMDCAMDLAMDCAMDLAMDCAMDL
1 month+62.9%+63.4%+59.9%+59.9%+3.0 pts+3.4 pts
3 months+13.0%+10.7%+26.2%+26.2%−13.2 pts−15.5 pts
6 monthsnot published+506.4%not publishednot meaningfulnot publishednot meaningful
1 yearnot published+665.5%not publishednot meaningfulnot publishednot meaningful
Since launch
AMDC Jun 2026 · AMDL Mar 2024
−3.7%+210.0%+10.6%not meaningful−14.3 ptsnot meaningful

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

On the same fields

AMDC
Corgi AMD 2x Daily ETF · Aims to return twice the daily move of Advanced Micro Devices (AMD)
AMDL
GraniteShares 2x Long AMD Daily ETF · Aims to return twice the daily move of Advanced Micro Devices (AMD)
Issuer Corgi GraniteShares
Sets out to return +2x +2x
Underlying asset AMD AMD
Segment company company
Fund returned, 3 months or since launch +13.0% +10.7%
Underlying returned, over that window +13.1% +13.1%
What the stated multiple implies, over that window +26.2% +26.2%
Difference from stated, over that window −13.2 pts −15.5 pts
Fund returned, 1 year or since launch −3.7% +665.5%
Difference from stated, over that window −14.3 pts not available
Underlying volatility 67% 67%
Difference over the days both have traded −13.2 pts −15.5 pts
Expense ratio 0.45% 1.07%
Launched Jun 30, 2026 Mar 18, 2024
Net assets $1m $1.4bn

AMDC and AMDL on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AMDC in plain words

Three months to Sep 30, 2026: AMDC returned +13.0% where its own daily promise gave +14.9%, 2.0 points short. Read the multiple against the whole window instead and 2 times AMD's 13.1% implies +26.2%, which makes AMDC look 13.2 points short. 11.2 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 67% 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.

AMDL in plain words

Three months to Sep 30, 2026: AMDL returned +10.7% where its own daily promise gave +14.9%, 4.2 points short. Read the multiple against the whole window instead and 2 times AMD's 13.1% implies +26.2%, which makes AMDL look 15.5 points short. AMDL aims to return +2 times AMD's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, AMDC or AMDL?
Over the window to Sep 30, 2026, AMDC finished 13.2 points from what its multiple implies and AMDL finished 15.5 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 AMDL levered on the same thing?
Yes. Both are levered on Advanced Micro Devices, AMDC at +2 times and AMDL at +2 times the daily move.
Which one decays faster, AMDC or AMDL?
Decay follows how much the underlying moves about. Over this window AMDC’s moved at 67% annualized and AMDL’s at 67%, so AMDC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AMDC or AMDL 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 AMDL?
AMDC charges 0.45% a year and AMDL charges 1.07%, so AMDC is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, AMDC against AMDL, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/amdc-vs-amdl

Open data

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