AMZP vs. AMZW

Last updated Jun 23, 2026

AMZP (Kurv Yield Premium Strategy Amazon AMZN ETF) and AMZW (Roundhill AMZN WeeklyPay ETF) are both exchange-traded funds - AMZP is a Options Trading fund actively managed by Kurv, while AMZW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, AMZP returned 10.34% vs 7.74% for AMZW. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.

Performance

AMZP vs. AMZW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and Roundhill AMZN WeeklyPay ETF (AMZW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZP achieves a -2.66% return, which is significantly lower than AMZW's -1.49% return.

AMZP

• 1D: -4.88%
• 1M: -13.77%
• YTD: -2.66%
• 6M: -1.36%
• 1Y: 10.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMZW

• 1D: -5.45%
• 1M: -15.53%
• YTD: -1.49%
• 6M: -0.35%
• 1Y: 7.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZP vs. AMZW - Yearly Performance Comparison

	2026 (YTD)	2025
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	-2.66%	10.46%
AMZW Roundhill AMZN WeeklyPay ETF	-1.49%	7.33%

Correlation

The correlation between AMZP and AMZW 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 Jun 18, 2025	0.98

The correlation between AMZP and AMZW has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

AMZP vs. AMZW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMZP

AMZP Risk / Return Rank: 13
AMZP Sharpe Ratio Rank: 13
AMZP Sortino Ratio Rank: 13
AMZP Omega Ratio Rank: 14
AMZP Calmar Ratio Rank: 13
AMZP Martin Ratio Rank: 13

AMZW

AMZW Risk / Return Rank: 12
AMZW Sharpe Ratio Rank: 11
AMZW Sortino Ratio Rank: 12
AMZW Omega Ratio Rank: 12
AMZW Calmar Ratio Rank: 12
AMZW Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMZP vs. AMZW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and Roundhill AMZN WeeklyPay ETF (AMZW). 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	AMZW	Difference
Sharpe ratio: Return per unit of total volatility	0.34	0.21	+0.14
Sortino ratio: Return per unit of downside risk	0.67	0.56	+0.12
Omega ratio: Gain probability vs. loss probability	1.08	1.07	+0.01
Calmar ratio: Return relative to maximum drawdown	0.44	0.29	+0.15
Martin ratio: Return relative to average drawdown	1.08	0.66	+0.42

AMZP vs. AMZW - Sharpe Ratio Comparison

The current AMZP Sharpe Ratio is 0.34, which is higher than the AMZW Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of AMZP and AMZW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMZP vs. AMZW - Drawdown Comparison

The maximum AMZP drawdown since its inception was -27.36%, roughly equal to the maximum AMZW drawdown of -26.79%. Use the drawdown chart below to compare losses from any high point for AMZP and AMZW.

Drawdown Indicators

	AMZP	AMZW	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-26.79%	-0.57%
Max Drawdown (1Y) Largest decline over 1 year	-23.64%	-26.79%	+3.15%
Current Drawdown Current decline from peak	-16.93%	-18.87%	+1.94%
Average Drawdown Average peak-to-trough decline	-6.14%	-9.12%	+2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.61%	11.76%	-2.15%

Volatility

AMZP vs. AMZW - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) is 10.77%, while Roundhill AMZN WeeklyPay ETF (AMZW) has a volatility of 12.20%. This indicates that AMZP experiences smaller price fluctuations and is considered to be less risky than AMZW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZP	AMZW	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.77%	12.20%	-1.43%
Volatility (6M) Calculated over the trailing 6-month period	23.72%	26.36%	-2.64%
Volatility (1Y) Calculated over the trailing 1-year period	30.26%	37.51%	-7.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.16%	37.41%	-10.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.16%	37.41%	-10.25%

AMZP vs. AMZW - Expense Ratio Comparison

Both AMZP and AMZW have an expense ratio of 0.99%.

Dividends

AMZP vs. AMZW - Dividend Comparison

AMZP's dividend yield for the trailing twelve months is around 21.00%, less than AMZW's 49.54% yield.

Position	TTM	2025	2024	2023
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	21.00%	22.04%	15.15%	2.45%
AMZW Roundhill AMZN WeeklyPay ETF	49.54%	25.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMZP and AMZW in my portfolio?

With a correlation of 0.98, AMZP and AMZW 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.

Which is riskier, AMZP or AMZW?

AMZW has higher volatility (12.20%) compared to AMZP (10.77%). In terms of maximum drawdown, AMZP dropped -27.36% vs AMZW's -26.79%.

Which ETF is better, AMZP or AMZW?

On 1-year performance, AMZP leads with 10.34% vs 7.74% for AMZW. Both ETFs have the same 0.99% expense ratio. On volatility, AMZP has been the lower-risk option at 10.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZP or AMZW?

Over the 1-year period, AMZP has performed better with a 10.34% return vs 7.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZP or AMZW?

AMZP and AMZW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, AMZP or AMZW?

AMZW has the higher dividend yield at 49.54%, compared with 21.00% for AMZP.

What is the main difference between AMZP and AMZW?

AMZP is categorized as Options Trading, while AMZW is Derivative Income. They also come from different issuers: Kurv and Roundhill.

Which has better risk-adjusted returns?

AMZP currently has the higher Sharpe Ratio (0.34 vs 0.21), 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.