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AMZZ

GradeBNASDAQ Global Market

GraniteShares 2x Long AMZN 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.

$32.10−1.43 (−4.28%)

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

History starts Mar 18, 2024.
Intraday session: down, 59 prints from 33.53 to 32.10. Range 31.61 to 32.86. Use the arrow keys to read each point.$31.50$32.50$33.0010 AM12 PM2 PM4 PM
Expense ratio
1.21%
Fund size
$41M
1Y return
+4.6%
Yield · Last 12 months
—
Holdings
2
Volume · 30D
0.1M sh
NAV per share
$34.38
52W range
low $22.21high $43.11

The ETF.net AMZZ Grade

B

55/ 100

Rank 62 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for AMZZ. Scores out of 100: Cost 40, Risk 59, Mission 83, Tradability 77, Holdings not scored, Durability 76. Strongest: Mission (83). Weakest: Cost (40). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 55 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 40
    Category rank229/380 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 83
    Category rank114/147 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 59
    Category rank91/285 · top 32%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 77
    Category rank53/380 · top 14%

  • 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 76
    Category rank37/380 · top 10%

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

Our read on AMZZ

ETF.net Research

BTwo times Amazon's daily move, reset every day. A short-leash trading tool for AMZN conviction, not a buy-and-hold stand-in for the stock itself.

Stated mandate

The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in Amazon's common stock.

Why people hold it

  1. 01Does the one job it advertises: aims for two times AMZN's daily percentage change, and it has tracked that target closely for a geared single-stock fund.
  2. 02Built as a 1940 Act ETF, so the leverage arrives in an ordinary brokerage account: no margin agreement, no options chain, no loss beyond what you put in.
  3. 03Live since 2024 and reads as one of the stronger implementations in a bull-side single-stock leveraged group running past 200 funds, on both risk profile and staying power.

Worth knowing

  1. 01The leverage resets daily. Hold for weeks and compounding, not 2x the period move, drives the result, and sideways chop is what grinds hardest.
  2. 02Fee runs 1.21% a year, above the typical 2x single-stock fund. Peers like AAPU (0.96%) and AMDG (0.75%) charge less for the same daily-reset mechanics.
  3. 03One ticker, one story: every Amazon headline lands doubled, with no diversification cushion. Income is not part of the design.

AMZZ Holdings

As of Sep 21, 2026, 4:05 AM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
AMZN SWAP66.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—AMZN SWAP66.70%300,537$75M1
002—US Dollars33.30%37,690,390$38M85

Showing 1–2 of 2 holdings

AMZZ Performance

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

AMZZ$10,457
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. AMZZ $10,457. SPY $11,723. Use the arrow keys to read each point.$6,620$10,143$13,666Sep 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 AMZZ. Periods over one year show the average yearly return.
PeriodAMZZ
Year to date+6.6%
1 month−3.4%
3 months+13.4%
1 year+4.6%
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 AMZZ
YearReturn barAMZZ
2026 YTD+6.6%
2025−8.9%
2024+38.4%

History from Mar 18, 2024

AMZZ in the news

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

AMZZ Dividends

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

No distributions in the last 12 months.

AMZZ 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.
63.6%
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.
0.39
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.
−55.3%
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.
3.29
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.

AMZZ Cost

Expense ratio1.21%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

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

AMZZ costs $121.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.