Which came closer to its stated multiple, AMDG or DAMD?

Over the window to Sep 30, 2026, AMDG finished 14.2 points from what its multiple implies and DAMD finished 18.1 points from its own, so AMDG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AMDG and DAMD levered on the same thing?

Yes. Both are levered on Advanced Micro Devices, AMDG at +2 times and DAMD at -2 times the daily move.

Which one decays faster, AMDG or DAMD?

Decay follows how much the underlying moves about. Over this window AMDG’s moved at 67% annualized and DAMD’s at 67%, so AMDG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold AMDG 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, AMDG or DAMD?

AMDG charges 0.78% a year and DAMD charges 1.30%, so AMDG is cheaper. Fees come from each fund's prospectus.

Share on X Download as PDF Open live

AMDG vs DAMD: which held to its multiple?

Over three months against its own daily promise, AMDG finished 3.0 points short and DAMD 0.3 points over. Leverage Shares 2X Long AMD Daily ETF and Defiance Daily Target 2X Short AMD ETF.

+12.0%

AMDG returned, 3 months

−44.3%

DAMD returned, 3 months

−14.2 pts

AMDG from its stated multiple

−18.1 pts

DAMD from its stated multiple

AMDG · 3 months to Sep 30, 202614.2 pts short of its stated multiple

AMDG returned +12.0% 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

DAMD returned −44.3% while −2 times AMD's move would have been −26.2%

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

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

AMDG 42

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 return		Multiple would give		Difference
Window	AMDG	DAMD	AMDG	DAMD	AMDG	DAMD
1 month	+63.0%	−46.0%	+59.9%	−59.9%	+3.1 pts	+13.9 pts
3 months	+12.0%	−44.3%	+26.2%	−26.2%	−14.2 pts	−18.1 pts
6 months	+509.7%	−95.3%	not meaningful	not meaningful	not meaningful	not meaningful
1 year	+661.4%	not published	not meaningful	not published	not meaningful	not published
Since launch AMDG Jan 2025 · DAMD Nov 2025	+901.2%	−95.6%	not meaningful	not meaningful	not meaningful	not meaningful

AMDG 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

AMDG

Leverage Shares 2X Long AMD 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 Leverage Shares Defiance

Sets out to return +2x -2x

Underlying asset AMD AMD

Segment company company

Fund returned, 3 months or since launch +12.0% −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 −14.2 pts −18.1 pts

Fund returned, 1 year or since launch +661.4% −95.6%

Difference from stated, over that window not available not available

Underlying volatility 67% 67%

Difference over the days both have traded −14.2 pts no shared window

Expense ratio 0.78% 1.30%

Launched Jan 24, 2025 Nov 14, 2025

Net assets $34m $34m

AMDG and DAMD on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AMDG in plain words

Three months to Sep 30, 2026: AMDG returned +12.0% where its own daily promise gave +14.9%, 3.0 points short. Read the multiple against the whole window instead and 2 times AMD's 13.1% implies +26.2%, which makes AMDG look 14.2 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. AMDG 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, AMDG or DAMD?: Over the window to Sep 30, 2026, AMDG finished 14.2 points from what its multiple implies and DAMD finished 18.1 points from its own, so AMDG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AMDG and DAMD levered on the same thing?: Yes. Both are levered on Advanced Micro Devices, AMDG at +2 times and DAMD at -2 times the daily move.
Which one decays faster, AMDG or DAMD?: Decay follows how much the underlying moves about. Over this window AMDG’s moved at 67% annualized and DAMD’s at 67%, so AMDG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AMDG 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, AMDG or DAMD?: AMDG charges 0.78% a year and DAMD charges 1.30%, so AMDG is cheaper. Fees come from each fund's prospectus.

Other comparisons

AMDG vs AMDL AMDG vs AMUU AMDG vs AMDC DAMD vs AMDC DAMD vs AMDL DAMD vs AMUU

AMDG on its own →DAMD on its own →How every figure is computed →Standards and sources →

Where these figures came from

AMDG filings on SEC EDGAR ↗AMDG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗DAMD filings on SEC EDGAR ↗DAMD prospectus with the expense ratio (SEC) ↗Defiance page for DAMD ↗

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, AMDG against DAMD, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/amdg-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.