What this ETF is trying to do

The Graniteshares 2x Long AMD Daily ETF (AMDL) is a leveraged ETF. This means it uses financial tools to try and double the daily movement of a specific stock (AMD). It is not a traditional fund that simply holds a basket of companies; instead, it aims for a magnified daily result.

What the numbers show

As of October 2, 2026, the share price was $84.54. The data shows very high growth over the last year:

• Year-to-Date (YTD) Price Return: Approximately 443.67%

• One-Year Price Return: Approximately 645.50%

Because this ETF does not pay distributions, the price return and the total return are the same. For example, the one-year total return is also approximately 645.50%.

To put this in perspective, the estimated price from roughly one year ago was $11.34. If an investor had put $10,000 into the ETF at that estimated price, the value of those shares would have grown significantly based on the one-year price return.

Income and distribution explanation

This ETF is not designed to provide regular cash income. The distribution yield is 0%, and there have been no payouts in the last 12 months. Investors in this fund do not receive dividends.

NAV erosion explanation

"NAV erosion" happens when the value of an ETF's underlying assets wears away over time, often seen in leveraged funds. However, for this ETF, the erosion score is 100, and the erosion severity is labeled as "good." The data states that no price erosion has been detected, and the severe erosion-risk flag is false.

Pros

• High Recent Growth: The ETF has shown very large price increases over the last year and since the start of the year.

• Low Erosion Risk: According to the current erosion-risk measurements, there is no detected price erosion.

Cons

• No Income: There are no cash distributions or yields for investors seeking income.

• Leverage Risk: Because it is a leveraged ETF, it is designed for daily goals, which can be more volatile than standard ETFs.

Beginner takeaway

AMDL is a high-growth, leveraged tool rather than an income fund. While the recent price returns are very high, it provides no cash payouts. New investors should remember that high returns in the past do not guarantee future results, and leveraged ETFs behave differently than normal stocks.