AMDL vs IVV
Graniteshares 2x Long AMD Daily ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. AMDL delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | AMDL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.07% | 0.03% | |
| AUM | $1.0B | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 2 | 508 | |
| YTD Return | +248.99% | +14.29% | |
| 1Y Return | +342.07% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 178.3% | 15.1% | |
| Max Drawdown | -88.6% | -56.5% | |
| Fund Family | GraniteShares | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 4, 2024 | May 15, 2000 |
AMDL vs IVV Performance
Graniteshares 2x Long AMD Daily ETF (AMDL) is a ETF from GraniteShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AMDL returned +342.07% while IVV returned +21.79%. Year to date, AMDL is up 248.99% versus a gain of 14.29% for IVV.
Risk: Volatility and Drawdowns
AMDL has been the more volatile fund, with annualized monthly volatility of 178.3% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -88.6% for AMDL and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AMDL charges 1.07% per year while IVV charges 0.03%. On a $10,000 position that is $107 vs $3 annually, a gap of $104 per year that compounds over a long holding period. On income, AMDL currently yields 0.00% against 1.10% for IVV.
Holdings Overlap
AMDL and IVV share 1 holdings out of 505 unique holdings combined, representing a 1.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AMDL | Weight in IVV | Difference |
|---|---|---|---|
| AMD | 66.67% | 1.37% | 65.30% |
Frequently Asked Questions
Which is cheaper, AMDL or IVV?
AMDL has an expense ratio of 1.07% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $104 per year of difference.
Which performed better, AMDL or IVV?
Over the past year AMDL returned +342.07% vs +21.79% for IVV, so AMDL leads on 1-year performance. Over the longest common window we track (2 years), AMDL annualized +41.52% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, AMDL or IVV?
AMDL has been the more volatile fund at 178.3% annualized versus 15.1% for IVV. Worst drawdown: AMDL -88.6% vs IVV -56.5%.
Should I hold both AMDL and IVV?
AMDL and IVV have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMDL and IVV?
AMDL and IVV share 1 common holdings with a 1.4% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, AMDL or IVV?
AMDL yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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