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AMDL

GradeBNASDAQ Global Market

GraniteShares 2x Long AMD Daily ETF

Leveraged · Single-Stock Leveraged · GraniteShares · Inception 2024-03-04

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$80.03−2.60 (−3.15%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Mar 18, 2024.
Intraday session: down, 59 prints from 82.63 to 80.03. Range 78.53 to 82.40. Use the arrow keys to read each point.$79.00$81.00$82.0010 AM12 PM2 PM4 PM
Expense ratio
1.07%
Fund size
$1.2B
1Y return
+718.9%
Yield · Last 12 months
—
Holdings
2
Volume · 30D
7.1M sh
NAV per share
$80.48
52W range
low $9.45high $83.79

The ETF.net AMDL Grade

B

57/ 100

Rank 52 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for AMDL. Scores out of 100: Cost 42, Risk 51, Mission 97, Tradability 87, Holdings not scored, Durability 84. Strongest: Mission (97). Weakest: Cost (42). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 42
    Category rank222/380 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 97
    Category rank28/147 · top 19%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 51
    Category rank121/285 · top 42%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 87
    Category rank30/380 · top 8%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 84
    Category rank8/380 · top 2%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on AMDL

ETF.net Research

BA pure bet on one chip stock, doubled. AMDL aims to deliver twice AMD's daily move, resets the clock every day, and is one of the busiest names in the leveraged single-stock aisle.

Stated mandate

The fund seeks daily investment results equal to twice the daily percentage change of Advanced Micro Devices, Inc.'s common stock, before fees and expenses.

Why people hold it

  1. 01Does exactly what the label says: twice AMD's daily percentage change before fees and expenses, and it has tracked that mandate closely since launching in 2024.graniteshares.com
  2. 02Very actively traded, which makes it one of the easier 2x AMD wrappers to step into and back out of inside a single session.
  3. 03Stands among the strongest implementations in a crowded field of leveraged single-stock bull funds.

Worth knowing

  1. 01The fee is 1.07% a year, above rivals running the same 2x AMD mandate: AMDG charges 0.75%, AMDW 0.99%.
  2. 02The 2x target applies to one day only. Hold longer and daily compounding takes over, so results can diverge from twice AMD's move, especially in choppy stretches.graniteshares.com
  3. 03Everything rides on one semiconductor stock, magnified. A rough day for AMD lands twice as hard here.

AMDL Holdings

As of Sep 21, 2026, 4:05 AM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
AMD SWAP66.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—AMD SWAP66.71%3,755,735$2.0B1
002—US Dollars33.29%1,021,794,856$1.0B85

Showing 1–2 of 2 holdings

AMDL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

AMDL$81,893
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. AMDL $81,893. SPY $11,723. Use the arrow keys to read each point.$3,733$45,772$87,810Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AMDL. Periods over one year show the average yearly return.
PeriodAMDL
Year to date+431.4%
1 month+66.8%
3 months+9.1%
1 year+718.9%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AMDL
YearReturn barAMDL
2026 YTD+431.4%
2025+103.0%
2024−70.0%

History from Mar 18, 2024

AMDL in the news

ETF.net Research hasn’t filed on AMDL yet — coverage lands here as it’s written.

AMDL Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

AMDL Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
178.6%
Annualised · 29 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.71
vs 3-month T-bills · 29 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−88.6%
30 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
8.68
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AMDL Cost

Expense ratio1.07%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

217 of the 329 Single-Stock Long Leveraged funds charge less.

AMDL costs $107.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.