AMDL +2x GraniteShares 2x Long AMD Daily ETF

AMDL

ETF +2x BULL standard
GraniteShares 2x Long AMD Daily ETF
Issuer: GraniteShares · Tracks: AMD · Listed: 2024-03-15
Implied AUM
$1.05B
Last Close
$60.09
20260720
30d Avg Vol
4,152,053
Options
available
Realized return vs theoretical +2x AMD
Other leveraged products tracking AMD
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
AMUU +2x BULL Direxion Direxion Shares ETF Trust Direxion Daily AMD Bull 2X ETF $100.6M 116,546
AMDG +2x BULL Leverage Shares Leverage Shares 2X Long AMD Daily ETF $33.1M 64,744

How AMDL works

AMDL targets +2x the daily return of AMD — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on AMDL carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.