AMA vs FLAX
Comparison between DEFIANCE DAILY TARGET 2X LONG AMAT ETF (AMA, ETF) and FRANKLIN FTSE ASIA EX JAPAN ETF (FLAX, ETF).
AMA vs FLAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
AMA vs FLAX - Holdings Comparison
AMA and FLAX have 0 common holdings. Overlap is 0.00%
AMA's top 25 holdings weight is 8.42%. FLAX's top 25 holdings weight is 47.71%.
| Rank | AMA | FLAX |
|---|---|---|
| #1 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 8.42% | n/a (n/a) - 15.39% |
| #2 | N/A | SAMSUNG ELECTRONICS CO LTD (n/a) - 7.48% |
| #3 | N/A | SK HYNIX INC (n/a) - 7.41% |
| #4 | N/A | TENCENT HOLDINGS LTD (n/a) - 2.65% |
| #5 | N/A | n/a (n/a) - 1.86% |
| #6 | N/A | MEDIATEK INC (n/a) - 1.70% |
| #7 | N/A | DELTA ELECTRONICS INC (n/a) - 1.01% |
| #8 | N/A | SK SQUARE (n/a) - 0.86% |
| #9 | N/A | n/a (n/a) - 0.85% |
| #10 | N/A | DBS GROUP HOLDINGS LTD (n/a) - 0.83% |
| #11 | N/A | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.81% |
| #12 | N/A | AIA GROUP LTD (n/a) - 0.79% |
| #13 | N/A | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.78% |
| #14 | N/A | HDFC BANK LTD (n/a) - 0.75% |
| #15 | N/A | RELIANCE INDUSTRIES LTD (n/a) - 0.75% |
| #16 | N/A | n/a (n/a) - 0.62% |
| #17 | N/A | ICICI BANK LTD (n/a) - 0.60% |
| #18 | N/A | SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 0.57% |
| #19 | N/A | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 0.56% |
| #20 | N/A | UNITED MICROELECTRONICS CORP (n/a) - 0.50% |
| #21 | N/A | KOTAK MAHINDRA BANK LTD (n/a) - 0.19% |
| #22 | N/A | PETROCHINA CO LTD CLASS H (n/a) - 0.19% |
| #23 | N/A | NAN YA PLASTICS CORP (n/a) - 0.19% |
| #24 | N/A | SAMSUNG C&T CORP (n/a) - 0.19% |
| #25 | N/A | HANWHA AEROSPACE CO LTD (n/a) - 0.18% |
| Total Holdings | 1 | 1512 |
AMA vs FLAX - Historical Returns
Returns include dividend reinvestment.
AMA vs FLAX - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | AMA | FLAX |
|---|---|---|
| 2026 | +32.42% | +16.31% |
| 2025 | N/A | +34.33% |
| 2024 | N/A | +11.69% |
| 2023 | N/A | +4.95% |
| 2022 | N/A | -19.30% |
| 2021 | N/A | -4.77% |
| 2020 | N/A | +22.01% |
| 2019 | N/A | +17.90% |
| 2018 | N/A | -12.03% |
AMA vs FLAX Drawdown Comparison
The maximum drawdown for AMA was -49.64%, occurring on Jul 20, 2026. This drawdown has not yet recovered.
The maximum drawdown for FLAX was -42.50%, occurring on Oct 24, 2022. Recovery took 1147 trading sessions.
The current AMA drawdown is -42.66%. The current FLAX drawdown is -9.39%.
| Rank | AMA | FLAX |
|---|---|---|
| #1 | -49.64% Jun 30, 2026 - Jul 20, 2026 | -42.50% Feb 17, 2021 - Sep 11, 2025 |
| #2 | -19.35% Jun 4, 2026 - Jun 11, 2026 | -29.77% Mar 14, 2018 - Aug 4, 2020 |
| #3 | -17.28% Jun 22, 2026 - Jun 25, 2026 | -12.99% Feb 25, 2026 - Apr 17, 2026 |
| #4 | -13.67% Jun 25, 2026 - Jun 29, 2026 | -11.21% Jun 22, 2026 - Jul 17, 2026 |
| #5 | -5.53% Jun 15, 2026 - Jun 17, 2026 | -8.86% Jun 2, 2026 - Jun 22, 2026 |
| #6 | -3.14% May 26, 2026 - Jun 1, 2026 | -5.55% Jan 21, 2021 - Feb 9, 2021 |
| #7 | N/A | -5.31% Aug 28, 2020 - Oct 8, 2020 |
| #8 | N/A | -5.30% May 11, 2026 - May 26, 2026 |
| #9 | N/A | -5.20% Oct 29, 2025 - Jan 2, 2026 |
| #10 | N/A | -4.39% Oct 6, 2025 - Oct 20, 2025 |
| #11 | N/A | -3.34% Jan 28, 2026 - Feb 10, 2026 |
| #12 | N/A | -2.72% Oct 12, 2020 - Nov 4, 2020 |
| #13 | N/A | -2.54% Feb 23, 2018 - Mar 13, 2018 |
| #14 | N/A | -2.37% Nov 27, 2020 - Dec 3, 2020 |
| #15 | N/A | -1.91% Aug 6, 2020 - Aug 17, 2020 |
Correlation
Correlation between AMA and FLAX is 0.25 which considered as a very weak or no correlation - the stocks move independently of each other.
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