# AMZZ (GraniteShares 2x Long AMZN Daily ETF)

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

Three months to Sep 30, 2026: AMZZ returned +1.1% where its own daily promise gave +2.5%, 1.4 points short.

## Key facts

- AMZZ, what AMZN did: +3.1%, as of Sep 30, 2026.
- AMZZ, what 2 times a day gives: +2.5%, as of Sep 30, 2026.
- AMZZ, what the fund returned: +1.1%, as of Sep 30, 2026.
- AMZZ, the fund itself cost: −1.4 pts, as of Sep 30, 2026.
- AMZZ, net assets: $44m (issuer page, as of Sep 30, 2026).
- AMZZ, expense ratio: 1.15% (485BPOS XBRL, Oct 24, 2025).

## AMZZ over each window to Sep 30, 2026

| Window | Fund | AMZN | +2x the move | Difference | AMZN moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −8.8% | −4.1% | −8.2% | −0.7 pts | 21% |
| 3 months | +1.1% | +3.1% | +6.2% | −5.0 pts | 41% |
| 6 months | +27.5% | +18.3% | +36.6% | −9.2 pts | 36% |
| 1 year | +7.5% | +13.5% | +26.9% | −19.5 pts | 34% |
| Since launch | +28.0% | +42.8% | +85.6% | −57.6 pts | 33% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of AMZN, reset daily | ETFIQ |
| Multiple a holder actually got over the window | AMZN moved +3.1% over this window, too little to read a multiple from | ETFIQ |
| Underlying | AMZN | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $44m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.15% | 485BPOS XBRL, Oct 24, 2025 |
| Launched | Mar 18, 2024 | ETFIQ |
| Underlying volatility over the window | 41% annualized | ETFIQ |

## Questions

### Did AMZZ return +2 times AMZN?

Over the window to Sep 30, 2026, AMZN moved +3.1% and AMZZ returned +1.1%. 2 times that move is +6.2%, so the fund came out 5.0 points short of it.

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

Because it resets daily. AMZZ 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 AMZN 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, AMZZ, data as of Sep 30, 2026. https://etfiq.com/funds/amzz
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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