# AMDL (GraniteShares 2x Long AMD Daily ETF)

GraniteShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: AMDL returned +10.7% where its own daily promise gave +14.9%, 4.2 points short.

## Key facts

- AMDL, what AMD did: +13.1%, as of Sep 30, 2026.
- AMDL, what 2 times a day gives: +14.9%, as of Sep 30, 2026.
- AMDL, what the fund returned: +10.7%, as of Sep 30, 2026.
- AMDL, the fund itself cost: −4.2 pts, as of Sep 30, 2026.
- AMDL, net assets: $1.4bn (issuer page, as of Sep 30, 2026).
- AMDL, expense ratio: 1.07% (485BPOS XBRL, Oct 24, 2025).

## AMDL over each window to Sep 30, 2026

| Window | Fund | AMD | +2x the move | Difference | AMD moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +63.4% | +30.0% | +59.9% | +3.4 pts | 55% |
| 3 months | +10.7% | +13.1% | +26.2% | −15.5 pts | 67% |
| 6 months | +506.4% | +191.0% | not meaningful over this window | not meaningful over this window | 75% |
| 1 year | +665.5% | +278.1% | not meaningful over this window | not meaningful over this window | 73% |
| Since launch | +210.0% | +220.9% | not meaningful over this window | not meaningful over this window | 60% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AMD, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +0.82 times, against +2 stated | ETFIQ |
| Underlying | AMD | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $1.4bn | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.07% | 485BPOS XBRL, Oct 24, 2025 |
| Launched | Mar 18, 2024 | ETFIQ |
| Underlying volatility over the window | 67% annualized | ETFIQ |

## Questions

### Did AMDL return +2 times AMD?

Over the window to Sep 30, 2026, AMD moved +13.1% and AMDL returned +10.7%. 2 times that move is +26.2%, so the fund came out 15.5 points short of it.

### Why does AMDL not return +2 times over a year?

Because it resets daily. AMDL aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x AMD ETF tracked its stated multiple most closely?

4 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself.


## Cite this page

ETFIQ, AMDL, data as of Sep 30, 2026. https://etfiq.com/funds/amdl
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/amdl  ·  JSON: https://etfiq.com/funds/amdl.json