Which came closer to its stated multiple, AMDL or AMUU?

Over the window to Sep 30, 2026, AMDL finished 15.5 points from what its multiple implies and AMUU finished 14.5 points from its own, so AMUU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are AMDL and AMUU levered on the same thing?

Yes. Both are levered on Advanced Micro Devices, AMDL at +2 times and AMUU at +2 times the daily move.

Which one decays faster, AMDL or AMUU?

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

Can I hold AMDL or AMUU 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, AMDL or AMUU?

AMDL charges 1.07% a year and AMUU charges 1.06%, so AMUU is cheaper. Fees come from each fund's prospectus.

Share on X Download as PDF Open live

AMDL vs AMUU: which held to its multiple?

Over the days both have traded, AMDL finished 15.5 points from its stated multiple and AMUU 14.5. GraniteShares 2x Long AMD Daily ETF and Direxion Daily AMD Bull 2X ETF.

+10.7%

AMDL returned, 3 months

+11.7%

AMUU returned, 3 months

−15.5 pts

AMDL from its stated multiple

−14.5 pts

AMUU from its stated multiple

AMDL · 3 months to Sep 30, 202615.5 pts short of its stated multiple

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

AMUU · 3 months to Sep 30, 202614.5 pts short of its stated multiple

AMUU returned +11.7% while 2 times AMD's move would have been +26.2%

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

AMDL 20.7

AMUU 35.6

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	AMDL	AMUU	AMDL	AMUU	AMDL	AMUU
1 month	+63.4%	+63.2%	+59.9%	+59.9%	+3.4 pts	+3.3 pts
3 months	+10.7%	+11.7%	+26.2%	+26.2%	−15.5 pts	−14.5 pts
6 months	+506.4%	+519.2%	not meaningful	not meaningful	not meaningful	not meaningful
1 year	+665.5%	+678.3%	not meaningful	not meaningful	not meaningful	not meaningful
Since launch AMDL Mar 2024 · AMUU Feb 2025	+210.0%	+1168.2%	not meaningful	not meaningful	not meaningful	not meaningful

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

On the same fields

AMDL

GraniteShares 2x Long AMD Daily ETF · Aims to return twice the daily move of Advanced Micro Devices (AMD)

AMUU

Direxion Daily AMD Bull 2X ETF · Aims to return twice the daily move of Advanced Micro Devices (AMD)

Issuer GraniteShares Direxion

Sets out to return +2x +2x

Underlying asset AMD AMD

Segment company company

Fund returned, 3 months or since launch +10.7% +11.7%

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 −15.5 pts −14.5 pts

Fund returned, 1 year or since launch +665.5% +678.3%

Difference from stated, over that window not available not available

Underlying volatility 67% 67%

Difference over the days both have traded −15.5 pts −14.5 pts

Expense ratio 1.07% 1.06%

Launched Mar 18, 2024 Feb 12, 2025

Net assets $1.4bn $112m

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

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. 11.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. AMDL 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.

AMUU in plain words

Three months to Sep 30, 2026: AMUU returned +11.7% where its own daily promise gave +14.9%, 3.2 points short. Read the multiple against the whole window instead and 2 times AMD's 13.1% implies +26.2%, which makes AMUU look 14.5 points short. AMUU aims to return +2 times AMD's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, AMDL or AMUU?: Over the window to Sep 30, 2026, AMDL finished 15.5 points from what its multiple implies and AMUU finished 14.5 points from its own, so AMUU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are AMDL and AMUU levered on the same thing?: Yes. Both are levered on Advanced Micro Devices, AMDL at +2 times and AMUU at +2 times the daily move.
Which one decays faster, AMDL or AMUU?: Decay follows how much the underlying moves about. Over this window AMDL’s moved at 67% annualized and AMUU’s at 67%, so AMDL has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold AMDL or AMUU 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, AMDL or AMUU?: AMDL charges 1.07% a year and AMUU charges 1.06%, so AMUU is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

AMDL on its own →AMUU on its own →How every figure is computed →Standards and sources →

Where these figures came from

AMDL filings on SEC EDGAR ↗AMDL prospectus with the expense ratio (SEC) ↗GraniteShares page for AMDL ↗AMUU filings on SEC EDGAR ↗AMUU prospectus with the expense ratio (SEC) ↗Direxion website ↗

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

Open data

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