{"url":"https://etfiq.com/compare/leverage/amdd-vs-amdl","section":"compare","title":"AMDD vs AMDL: which held to its multiple? | ETFIQ","description":"AMDD sets out to return -1 times AMD each day and AMDL +2 times. Over the three months to Oct 9, 2026 they finished \u22126.4 pts and \u221214.3 pts away.","as_of":"Oct 9, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AMDD or AMDL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 9, 2026, AMDD finished 6.4 points from what its multiple implies and AMDL finished 14.3 points from its own, so AMDD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are AMDD and AMDL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Advanced Micro Devices, AMDD at -1 times and AMDL at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AMDD or AMDL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AMDD\u2019s moved at 63% annualized and AMDL\u2019s at 63%, so AMDD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold AMDD or AMDL for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, AMDD or AMDL?","acceptedAnswer":{"@type":"Answer","text":"AMDD charges 1.03% a year and AMDL charges 1.07%, so AMDD is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"AMDD vs AMDL","item":"https://etfiq.com/compare/leverage/amdd-vs-amdl"}]},{"@type":"WebPage","name":"AMDD vs AMDL: which held to its multiple?","description":"AMDD sets out to return -1 times AMD each day and AMDL +2 times. Over the three months to Oct 9, 2026 they finished \u22126.4 pts and \u221214.3 pts away.","url":"https://etfiq.com/compare/leverage/amdd-vs-amdl","dateModified":"2026-10-09","abstract":"Over three months against its own daily promise, AMDD finished 1.7 points over and AMDL 4.1 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AMDD and AMDL","description":"AMDD sets out to return -1 times AMD each day and AMDL +2 times. Over the three months to Oct 9, 2026 they finished \u22126.4 pts and \u221214.3 pts away.","dateModified":"2026-10-09","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/amdd-vs-amdl","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":8044,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AMDD vs AMDL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 9, 2026 .\n\n AMDD vs AMDL: which held to its multiple?\n\n Over three months against its own daily promise, AMDD finished 1.7 points over and AMDL 4.1 points short.\n Copy this for sharing \n \n AMDD costs 0.04 points a year less; their one-year returns differ by 355.8 points; AMDL is far larger, $1.4bn against $21m.\n AMDD and AMDL at a glance. As of Oct 9, 2026. Source: ETFIQ. AMDD AMDL \n Expense ratio 1.03% 1.07% \n Net assets, as of Oct 8, 2026 $21m $1.4bn \n Total return, 1 year \u221274.5% +","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, AMDD against AMDL, data as of Oct 9, 2026. https://etfiq.com/compare/leverage/amdd-vs-amdl","a":{"ticker":"AMDD","name":"Direxion Daily AMD Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-10-09","verdict":"Three months to Oct 9, 2026: AMDD returned \u221215.4% where its own daily promise gave \u221217.1%, 1.7 points over.","url":"https://etfiq.com/funds/amdd","key_facts":[{"label":"What AMD did","value":"+9.0%","as_of":"2026-10-09","source":null},{"label":"What \u22121 times a day gives","value":"\u221217.1%","as_of":"2026-10-09","source":null},{"label":"What the fund returned","value":"\u221215.4%","as_of":"2026-10-09","source":null},{"label":"The fund itself added","value":"+1.7 pts","as_of":"2026-10-09","source":null},{"label":"Net assets","value":"$21m","as_of":"2026-10-09","source":"issuer page, as of Oct 8, 2026"},{"label":"Expense ratio","value":"1.03%","as_of":"2026-10-09","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"AMDL","name":"GraniteShares 2x Long AMD Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-10-09","verdict":"Three months to Oct 9, 2026: AMDL returned +3.7% where its own daily promise gave +7.9%, 4.1 points short.","url":"https://etfiq.com/funds/amdl","key_facts":[{"label":"What AMD did","value":"+9.0%","as_of":"2026-10-09","source":null},{"label":"What 2 times a day gives","value":"+7.9%","as_of":"2026-10-09","source":null},{"label":"What the fund returned","value":"+3.7%","as_of":"2026-10-09","source":null},{"label":"The fund itself cost","value":"\u22124.1 pts","as_of":"2026-10-09","source":null},{"label":"Net assets","value":"$1.4bn","as_of":"2026-10-09","source":"issuer page, as of Oct 8, 2026"},{"label":"Expense ratio","value":"1.07%","as_of":"2026-10-09","source":"485BPOS XBRL, Oct 24, 2025"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/amdd-vs-amdl"}