AMDL vs QQQ
Graniteshares 2x Long AMD Daily ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. AMDL delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | AMDL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.07% | 0.18% | |
| AUM | $1.0B | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 2 | 108 | |
| YTD Return | +193.89% | +16.64% | |
| 1Y Return | +357.95% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 178.5% | 30.6% | |
| Max Drawdown | -88.6% | -83.0% | |
| Fund Family | GraniteShares | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Mar 4, 2024 | Mar 10, 1999 |
AMDL vs QQQ Performance
Graniteshares 2x Long AMD Daily ETF (AMDL) is a ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AMDL returned +357.95% while QQQ returned +27.27%. Year to date, AMDL is up 193.89% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
AMDL has been the more volatile fund, with annualized monthly volatility of 178.5% compared with 30.6% for QQQ. 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 -83.0% for QQQ. 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 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AMDL charges 1.07% per year while QQQ charges 0.18%. On a $10,000 position that is $107 vs $18 annually, a gap of $89 per year that compounds over a long holding period. On income, AMDL currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
AMDL and QQQ share 1 holdings out of 102 unique holdings combined, representing a 3.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AMDL | Weight in QQQ | Difference |
|---|---|---|---|
| AMD | 66.67% | 3.45% | 63.22% |
Frequently Asked Questions
Which is cheaper, AMDL or QQQ?
AMDL has an expense ratio of 1.07% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $89 per year of difference.
Which performed better, AMDL or QQQ?
Over the past year AMDL returned +357.95% vs +27.27% for QQQ, so AMDL leads on 1-year performance. Over the longest common window we track (2 years), AMDL annualized +31.48% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, AMDL or QQQ?
AMDL has been the more volatile fund at 178.5% annualized versus 30.6% for QQQ. Worst drawdown: AMDL -88.6% vs QQQ -83.0%.
Should I hold both AMDL and QQQ?
AMDL and QQQ have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AMDL and QQQ?
AMDL and QQQ share 1 common holdings with a 3.5% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, AMDL or QQQ?
AMDL yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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