GraniteShares 2x Long AMZN Daily ETF (AMZZ) Performance
AMZZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.7% since Dec 31, 2025
- 1 year
- +4.6% total return
- Since first price
- +25.0% since 2024
AMZZ trailing returns vs SPY, QQQ, AGG
| Period | AMZZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.2% | −2.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.5% | +6.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −14.2% | −14.2% | +7.8% | +8.4% | −1.5% |
| YTD | −0.7% | −0.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.6% | +4.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 18, 2024 | +25.0% | +25.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: AMZZ vs SPY
From Mar 18, 2024: AMZZ grew to $12,505, SPY to $15,256.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
AMZZ returns by calendar year
0 of 1 full years positive. Best 2025 (−8.9%), worst 2025 (−8.9%). 2026 is year to date.
AMZZ annual returns table
| Year | AMZZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.7% | −37.2% | +12.3% | +15.1% | −1.0% |
| 2025 | −8.9% | −55.3% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
AMZZ largest drawdowns
Now 26.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 4, 2025 | −55.3% | Apr 21, 2025 | May 5, 2026 | 2 months | 1.2 years |
| Jul 2, 2024 | −37.4% | Aug 5, 2024 | Nov 7, 2024 | 34 days | 4 months |
| May 6, 2026 | −34.7% | Jul 29, 2026 | Aug 3, 2026 | 3 months | 3 months |
| Aug 3, 2026 | −26.4% | Sep 28, 2026 | not yet | 56 days | 3 months so far |
| Apr 11, 2024 | −16.2% | Apr 25, 2024 | Jun 26, 2024 | 14 days | 2 months |
| Nov 13, 2024 | −15.7% | Nov 22, 2024 | Dec 4, 2024 | 9 days | 21 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
AMZZ risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +7.7% |
| Volatility (annualized) | 62.9% |
| Sharpe ratio | 0.33 |
| Sortino ratio | 0.61 |
| Best month | +60.4% |
| Worst month | −24.2% |
| Best 12 months | +75.0% |
| Worst 12 months | −20.1% |
| Positive months | 43% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
AMZZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 20 | −20.1% | +6.3% | +75.0% | 60% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
AMZZ performance overview
GraniteShares 2x Long AMZN Daily ETF (AMZZ) returned +4.6% over the past year, with distributions reinvested. Since its first recorded price on Mar 18, 2024 it has returned +25.0%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −55.3%, from Feb 4, 2025 to Apr 21, 2025, and it took 1.0 years to get back to the old high. Volatility has been 62.9% a year.
Related: AMZZ chart. See the AMZZ overview for the latest quote and fund facts.
AMZZ performance FAQ
What is the AMZZ return over the past year?
AMZZ returned +4.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.6%.
How much would $10,000 invested in AMZZ be worth?
$10,000 invested in AMZZ at its first recorded close on March 18, 2024 would be worth about $12,505 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of AMZZ?
The largest peak-to-trough decline was −55.3% between February 4, 2025 and April 21, 2025. It recovered to the old high on May 5, 2026, 1.0 years after the bottom.
How volatile is AMZZ?
Over the past history AMZZ had an annualized volatility of 62.9% and a Sharpe ratio of 0.33 (excess return over 1–3 month T-bills per unit of risk).