AMZP vs. AMZY
Compare and contrast key facts about Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and YieldMax AMZN Option Income Strategy ETF (AMZY).
AMZP and AMZY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZP is an actively managed fund by Kurv. It was launched on Oct 31, 2023. AMZY is an actively managed fund by YieldMax. It was launched on Jul 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZP or AMZY.
Key characteristics
| AMZP | AMZY | |
|---|---|---|
| YTD Return | 29.75% | 31.58% |
| 1Y Return | 37.25% | 39.77% |
| Sharpe Ratio | 1.85 | 1.83 |
| Sortino Ratio | 2.54 | 2.51 |
| Omega Ratio | 1.35 | 1.35 |
| Calmar Ratio | 2.27 | 2.47 |
| Martin Ratio | 8.41 | 8.08 |
| Ulcer Index | 4.66% | 5.02% |
| Daily Std Dev | 21.16% | 22.14% |
| Max Drawdown | -17.26% | -16.41% |
| Current Drawdown | -0.53% | -1.45% |
Correlation
The correlation between AMZP and AMZY is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AMZP vs. AMZY - Performance Comparison
In the year-to-date period, AMZP achieves a 29.75% return, which is significantly lower than AMZY's 31.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMZP vs. AMZY - Expense Ratio Comparison
Both AMZP and AMZY have an expense ratio of 0.99%.
Risk-Adjusted Performance
AMZP vs. AMZY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and YieldMax AMZN Option Income Strategy ETF (AMZY). 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.
Dividends
AMZP vs. AMZY - Dividend Comparison
AMZP's dividend yield for the trailing twelve months is around 13.08%, less than AMZY's 36.64% yield.
| TTM | 2023 | |
|---|---|---|
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF | 13.08% | 2.46% |
AMZY YieldMax AMZN Option Income Strategy ETF | 36.64% | 9.90% |
Drawdowns
AMZP vs. AMZY - Drawdown Comparison
The maximum AMZP drawdown since its inception was -17.26%, which is greater than AMZY's maximum drawdown of -16.41%. Use the drawdown chart below to compare losses from any high point for AMZP and AMZY. For additional features, visit the drawdowns tool.
Volatility
AMZP vs. AMZY - Volatility Comparison
Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and YieldMax AMZN Option Income Strategy ETF (AMZY) have volatilities of 7.49% and 7.73%, 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.