{"url":"https://etfiq.com/compare/leverage/amdl-vs-damd","section":"compare","title":"AMDL vs DAMD: which held to its multiple? | ETFIQ","description":"AMDL sets out to return +2 times AMD each day and DAMD -2 times. Over the three months to Sep 30, 2026 they finished \u221215.5 pts and \u221218.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, AMDL or DAMD?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, AMDL finished 15.5 points from what its multiple implies and DAMD finished 18.1 points from its own, so AMDL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are AMDL and DAMD levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Advanced Micro Devices, AMDL at +2 times and DAMD at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, AMDL or DAMD?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window AMDL\u2019s moved at 67% annualized and DAMD\u2019s at 67%, so AMDL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold AMDL or DAMD 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, AMDL or DAMD?","acceptedAnswer":{"@type":"Answer","text":"AMDL charges 1.07% a year and DAMD charges 1.30%, so AMDL 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":"AMDL vs DAMD","item":"https://etfiq.com/compare/leverage/amdl-vs-damd"}]},{"@type":"WebPage","name":"AMDL vs DAMD: which held to its multiple?","description":"AMDL sets out to return +2 times AMD each day and DAMD -2 times. Over the three months to Sep 30, 2026 they finished \u221215.5 pts and \u221218.1 pts away.","url":"https://etfiq.com/compare/leverage/amdl-vs-damd","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, AMDL finished 4.2 points short and DAMD 0.3 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of AMDL and DAMD","description":"AMDL sets out to return +2 times AMD each day and DAMD -2 times. Over the three months to Sep 30, 2026 they finished \u221215.5 pts and \u221218.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/amdl-vs-damd","license":"https://etfiq.com/standards/","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":7278,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / AMDL vs DAMD \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n AMDL vs DAMD: which held to its multiple?\n\n Over three months against its own daily promise, AMDL finished 4.2 points short and DAMD 0.3 points over.\n Copy this for sharing \n \n GraniteShares 2x Long AMD Daily ETF and Defiance Daily Target 2X Short AMD ETF.\n\n Download as PDF \n\n +10.7% AMDL returned, 3 months \n \u221244.3% DAMD returned, 3 months \n \u221215.5 pts AMDL from its stated multiple \n \u221218.1 pts DAMD from its stated multiple \n\n ETFIQ Decay Resistance Score: DAMD scores high","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/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/amdl-vs-damd","a":{"ticker":"AMDL","name":"GraniteShares 2x Long AMD Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: AMDL returned +10.7% where its own daily promise gave +14.9%, 4.2 points short.","url":"https://etfiq.com/funds/amdl","key_facts":[{"label":"What AMD did","value":"+13.1%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+14.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+10.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1.4bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.07%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"DAMD","name":"Defiance Daily Target 2X Short AMD ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: DAMD returned \u221244.3% where its own daily promise gave \u221244.6%, 0.3 points over.","url":"https://etfiq.com/funds/damd","key_facts":[{"label":"What AMD did","value":"+13.1%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221244.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221244.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$34m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.30%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 25, 2026"}]},"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/amdl-vs-damd"}