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ETFs

GraniteShares ETF Trust GraniteShares 1x Short AMD Daily ETF

AMDS
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Aug 21 2023
Expense Ratio
1.15%
Type
US Equities
Fund Owner
GraniteShares
Volume (1m avg. daily)
$7,614
AUM
$833,757
Associated Index
None
Inverse/Leveraged
Inverse (-1)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US Dollars
58.99%
CO.BROKE
BROKER SWEEP
32.46%
Invest with AMDS

What is AMDS?

The GraniteShares 1x Short AMD Daily ETF is an exchange-traded fund incorporated in the USA. The ETF seeks daily investment results, before fees and expenses, of 100% of the inverse of (or opposite) the daily performance of AMD. Advanced Micro Devices, Inc (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets.

ETFs related toAMDS

ETFs correlated to AMDS include SOXS, BERZ, FNGD

AMDS
GraniteShares ETF Trust - GraniteShares 1x Short AMD Daily ETF
SOXS
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
TECS
Direxion Shares ETF Trust - Direxion Daily Technology Bear -3X Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toAMDS

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with AMDS using Composer

FAQ

AMDS is a US Equities ETF. The GraniteShares 1x Short AMD Daily ETF is an exchange-traded fund incorporated in the USA. The ETF seeks daily investment results, before fees and expenses, of 100% of the inverse of (or opposite) the daily performance of AMD. Advanced Micro Devices, Inc (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets.

Yes, AMDS is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AMDS is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AMDS is 0.0433%. This is the percent change in the value of AMDS over the most recent 1-month period. The 3-month return on AMDS is %. This is the percent change in the value of AMDS over the most recent 3-month period.

ETFs similar to AMDS include SSO, TNA, and SPXL.

ETFs correlated to AMDS include SOXS, BERZ, and FNGD.

ETFs that are inversely correlated to AMDS include SOXQ, SOXL, and WTAI.

Yes, AMDS is a Inverse (-1) ETF.

Yes, AMDS is a Inverse (-1) leveraged ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.