AMZP vs. BITI

Last updated Jul 14, 2026

AMZP (Kurv Yield Premium Strategy Amazon AMZN ETF) and BITI (ProShares Short Bitcoin ETF) are both exchange-traded funds - AMZP is a Options Trading fund actively managed by Kurv, while BITI is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index. AMZP is actively managed, while BITI is passively managed. Over the past year, AMZP returned 8.45% vs 68.34% for BITI. At a correlation of -0.28, they often move in opposite directions. AMZP charges 0.99%/yr vs 1.03%/yr for BITI.

Performance

AMZP vs. BITI - Performance Comparison

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

Returns By Period

In the year-to-date period, AMZP achieves a 3.26% return, which is significantly lower than BITI's 28.75% return.

AMZP

• 1D: 0.64%
• 1M: 3.59%
• 6M: -1.82%
• YTD: 3.26%
• 1Y: 8.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITI

• 1D: 2.65%
• 1M: 1.46%
• 6M: 34.68%
• YTD: 28.75%
• 1Y: 68.34%
• 3Y*: -30.65%
• 5Y*: —
• 10Y*: —

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

AMZP vs. BITI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	3.26%	9.56%	37.42%	7.73%
BITI ProShares Short Bitcoin ETF	28.75%	-1.76%	-62.60%	-18.57%

Correlation

The correlation between AMZP and BITI is -0.32, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.32
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023	-0.28

Return for Risk

AMZP vs. BITI — Risk / Return Rank

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

AMZP

AMZP Risk / Return Rank: 14
AMZP Sharpe Ratio Rank: 14
AMZP Sortino Ratio Rank: 15
AMZP Omega Ratio Rank: 15
AMZP Calmar Ratio Rank: 14
AMZP Martin Ratio Rank: 14

BITI

BITI Risk / Return Rank: 57
BITI Sharpe Ratio Rank: 58
BITI Sortino Ratio Rank: 55
BITI Omega Ratio Rank: 50
BITI Calmar Ratio Rank: 68
BITI Martin Ratio Rank: 51

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. BITI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and ProShares Short Bitcoin ETF (BITI). 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	BITI	Difference
Sharpe ratio: Return per unit of total volatility	0.28	1.56	-1.28
Sortino ratio: Return per unit of downside risk	0.59	2.13	-1.53
Omega ratio: Gain probability vs. loss probability	1.07	1.26	-0.18
Calmar ratio: Return relative to maximum drawdown	0.36	2.72	-2.36
Martin ratio: Return relative to average drawdown	0.83	6.78	-5.95

AMZP vs. BITI - Sharpe Ratio Comparison

The current AMZP Sharpe Ratio is 0.28, which is lower than the BITI Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of AMZP and BITI, 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. BITI - Drawdown Comparison

The maximum AMZP drawdown since its inception was -27.36%, smaller than the maximum BITI drawdown of -92.16%. Use the drawdown chart below to compare losses from any high point for AMZP and BITI.

Drawdown Indicators

	AMZP	BITI	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-92.16%	+64.80%
Max Drawdown (1Y) Largest decline over 1 year	-23.64%	-25.28%	+1.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-84.63%	—
Current Drawdown Current decline from peak	-11.89%	-85.94%	+74.05%
Average Drawdown Average peak-to-trough decline	-6.31%	-68.34%	+62.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.20%	10.11%	+0.09%

Volatility

AMZP vs. BITI - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) is 10.26%, while ProShares Short Bitcoin ETF (BITI) has a volatility of 11.38%. This indicates that AMZP experiences smaller price fluctuations and is considered to be less risky than BITI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZP	BITI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.26%	11.38%	-1.12%
Volatility (6M) Calculated over the trailing 6-month period	23.99%	34.25%	-10.26%
Volatility (1Y) Calculated over the trailing 1-year period	30.40%	44.14%	-13.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.14%	52.28%	-25.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.14%	52.28%	-25.14%

AMZP vs. BITI - Expense Ratio Comparison

AMZP has a 0.99% expense ratio, which is lower than BITI's 1.03% expense ratio.

Dividends

AMZP vs. BITI - Dividend Comparison

AMZP's dividend yield for the trailing twelve months is around 18.12%, more than BITI's 15.10% yield.

Position	TTM	2025	2024	2023	2022
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	18.12%	22.04%	15.15%	2.45%	0.00%
BITI ProShares Short Bitcoin ETF	15.10%	1.60%	3.91%	3.33%	0.06%

Frequently Asked Questions

Can I hold both AMZP and BITI in my portfolio?

AMZP and BITI have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMZP or BITI?

BITI has higher volatility (11.38%) compared to AMZP (10.26%). In terms of maximum drawdown, AMZP dropped -27.36% vs BITI's -92.16%.

Which ETF is better, AMZP or BITI?

On 1-year performance, BITI leads with 68.34% vs 8.45% for AMZP. On fees, AMZP is cheaper at 0.99% per year. On volatility, AMZP has been the lower-risk option at 10.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZP or BITI?

Over the 1-year period, BITI has performed better with a 68.34% return vs 8.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZP or BITI?

AMZP is cheaper with a 0.99% expense ratio, compared with 1.03% for BITI.

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

AMZP has the higher dividend yield at 18.12%, compared with 15.10% for BITI.

What is the main difference between AMZP and BITI?

AMZP is categorized as Options Trading, while BITI is Cryptocurrency. They also come from different issuers: Kurv and ProShares. Their fees differ too: 0.99% for AMZP and 1.03% for BITI.

Which has better risk-adjusted returns?

BITI currently has the higher Sharpe Ratio (1.56 vs 0.28), 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.