AMZP vs. AMZN
AMZP (Kurv Yield Premium Strategy Amazon AMZN ETF) is Options Trading fund actively managed by Kurv, while AMZN (Amazon.com, Inc) is a stock. Over the past year, AMZP returned 10.34% vs 11.02% for AMZN. With a 0.98 correlation, they move nearly in lockstep.
Performance
AMZP vs. AMZN - Performance Comparison
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Returns By Period
In the year-to-date period, AMZP achieves a -2.66% return, which is significantly lower than AMZN's 0.85% return.
AMZP
- 1D
- -4.88%
- 1M
- -13.77%
- YTD
- -2.66%
- 6M
- -1.36%
- 1Y
- 10.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMZN
- 1D
- -4.75%
- 1M
- -12.59%
- YTD
- 0.85%
- 6M
- 1.91%
- 1Y
- 11.02%
- 3Y*
- 21.64%
- 5Y*
- 5.85%
- 10Y*
- 20.88%
AMZP vs. AMZN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF | -2.66% | 9.56% | 37.42% | 7.73% |
AMZN Amazon.com, Inc | 0.85% | 5.21% | 44.39% | 9.62% |
Correlation
The correlation between AMZP and AMZN is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.98 |
The correlation between AMZP and AMZN has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
AMZP vs. AMZN — Risk / Return Rank
AMZP
AMZN
AMZP vs. AMZN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and Amazon.com, Inc (AMZN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMZP | AMZN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.09 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.51 | -0.07 |
| Martin ratioReturn relative to average drawdown | 1.08 | 1.18 | -0.10 |
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Drawdowns
AMZP vs. AMZN - Drawdown Comparison
The maximum AMZP drawdown since its inception was -27.36%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for AMZP and AMZN.
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Drawdown Indicators
| AMZP | AMZN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.36% | -94.40% | +67.04% |
Max Drawdown (1Y)Largest decline over 1 year | -23.64% | -21.74% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -56.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.15% | — |
Current DrawdownCurrent decline from peak | -16.93% | -15.35% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -28.18% | +22.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.61% | 9.37% | +0.24% |
Volatility
AMZP vs. AMZN - Volatility Comparison
Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and Amazon.com, Inc (AMZN) have volatilities of 10.77% and 10.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZP | AMZN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.77% | 10.30% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 23.72% | 21.84% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.26% | 30.95% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.16% | 35.68% | -8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.16% | 32.57% | -5.41% |
Dividends
AMZP vs. AMZN - Dividend Comparison
AMZP's dividend yield for the trailing twelve months is around 21.00%, while AMZN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AMZN Amazon.com, Inc | 0.00% | 0.00% | 0.00% | 0.00% |
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF | 21.00% | 22.04% | 15.15% | 2.45% |
Frequently Asked Questions
With a correlation of 0.98, AMZP and AMZN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
AMZP has higher volatility (10.77%) compared to AMZN (10.30%). In terms of maximum drawdown, AMZP dropped -27.36% vs AMZN's -94.40%.
AMZN currently has the higher Sharpe Ratio (0.36 vs 0.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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