AMDC vs DAMD: which held to its multiple?

Over three months against its own daily promise, AMDC finished 2.0 points short and DAMD 0.3 points over. Corgi AMD 2x Daily ETF and Defiance Daily Target 2X Short AMD ETF.

+13.0%
AMDC returned, 3 months
−44.3%
DAMD returned, 3 months
−13.2 pts
AMDC from its stated multiple
−18.1 pts
DAMD 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%

DAMD · 3 months to Sep 30, 202618.1 pts short of its stated multiple
18.1 pts short of its stated multipleDAMD returned −44.3% while −2 times AMD's move would have been −26.2%AMD +13.1% ×−2 implies−26.2%DAMD returned−44.3%18.1 pts short of its stated multipleDAMD returned −44.3% while −2 times AMD's move would have been −26.2%AMD +13.1% ×−2 implies−26.2%DAMD returned−44.3%

DAMD returned −44.3% 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?

AMDC among the 470 leveraged ETFs, long, over three months

AMDC 69.4
0.1, the lowest in this set99.9, the highest

DAMD among the 125 inverse ETFs over three months

DAMD 23.2
0.4, the lowest in this set99.6, the highest

A percentile among the 470 leveraged ETFs, long, over three months. DAMD is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. 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
WindowAMDCDAMDAMDCDAMDAMDCDAMD
1 month+62.9%−46.0%+59.9%−59.9%+3.0 pts+13.9 pts
3 months+13.0%−44.3%+26.2%−26.2%−13.2 pts−18.1 pts
6 monthsnot published−95.3%not publishednot meaningfulnot publishednot meaningful
Since launch
AMDC Jun 2026 · DAMD Nov 2025
−3.7%−95.6%+10.6%not meaningful−14.3 ptsnot meaningful

AMDC and DAMD 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)
DAMD
Defiance Daily Target 2X Short AMD ETF · Aims to return twice the opposite of the daily move of Advanced Micro Devices (AMD)
Issuer Corgi Defiance
Sets out to return +2x -2x
Underlying asset AMD AMD
Segment company company
Fund returned, 3 months or since launch +13.0% −44.3%
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 −18.1 pts
Fund returned, 1 year or since launch −3.7% −95.6%
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 no shared window
Expense ratio 0.45% 1.30%
Launched Jun 30, 2026 Nov 14, 2025
Net assets $1m $34m

AMDC and DAMD 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.

DAMD in plain words

Three months to Sep 30, 2026: DAMD returned −44.3% where its own daily promise gave −44.6%, 0.3 points over. Read the multiple against the whole window instead and −2 times AMD's 13.1% implies −26.2%, which makes DAMD look 18.1 points short. 18.4 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, AMDC or DAMD?
Over the window to Sep 30, 2026, AMDC finished 13.2 points from what its multiple implies and DAMD finished 18.1 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 Advanced Micro Devices, 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 67% annualized and DAMD’s at 67%, so AMDC 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.
Cite this page

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

Open data

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