AMZP vs. DBE

Last updated Jun 3, 2026

AMZP (Kurv Yield Premium Strategy Amazon AMZN ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - AMZP is a Options Trading fund actively managed by Kurv, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. AMZP is actively managed, while DBE is passively managed. Over the past year, AMZP returned 23.84% vs 82.31% for DBE. At a correlation of -0.03, they often move in opposite directions. AMZP charges 0.99%/yr vs 0.78%/yr for DBE.

Performance

AMZP vs. DBE - Performance Comparison

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

Returns By Period

In the year-to-date period, AMZP achieves a 8.22% return, which is significantly lower than DBE's 79.50% return.

AMZP

• 1D: -1.91%
• 1M: -5.00%
• YTD: 8.22%
• 6M: 7.97%
• 1Y: 23.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBE

• 1D: 0.80%
• 1M: -3.65%
• YTD: 79.50%
• 6M: 72.59%
• 1Y: 82.31%
• 3Y*: 22.48%
• 5Y*: 19.20%
• 10Y*: 11.78%

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

AMZP vs. DBE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	8.22%	9.56%	37.42%	7.73%
DBE Invesco DB Energy Fund	79.50%	-2.17%	2.96%	-11.38%

Correlation

The correlation between AMZP and DBE is -0.19, 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	-0.19
Correlation (All Time) Calculated using the full available price history since Nov 7, 2023	-0.03

The correlation between AMZP and DBE shifts across timeframes, from -0.19 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AMZP vs. DBE — Risk / Return Rank

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

AMZP

AMZP Risk / Return Rank: 23
AMZP Sharpe Ratio Rank: 24
AMZP Sortino Ratio Rank: 24
AMZP Omega Ratio Rank: 24
AMZP Calmar Ratio Rank: 23
AMZP Martin Ratio Rank: 22

DBE

DBE Risk / Return Rank: 71
DBE Sharpe Ratio Rank: 71
DBE Sortino Ratio Rank: 61
DBE Omega Ratio Rank: 64
DBE Calmar Ratio Rank: 92
DBE Martin Ratio Rank: 65

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. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and Invesco DB Energy Fund (DBE). 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.

	AMZP	DBE	Difference
Sharpe ratio Return per unit of total volatility	0.83	2.37	-1.54
Sortino ratio Return per unit of downside risk	1.28	2.91	-1.62
Omega ratio Gain probability vs. loss probability	1.16	1.39	-0.23
Calmar ratio Return relative to maximum drawdown	1.05	6.10	-5.05
Martin ratio Return relative to average drawdown	2.71	11.98	-9.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMZP vs. DBE - Sharpe Ratio Comparison

The current AMZP Sharpe Ratio is 0.83, which is lower than the DBE Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of AMZP and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMZP	DBE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	2.37	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.09	+0.83

Drawdowns

AMZP vs. DBE - Drawdown Comparison

The maximum AMZP drawdown since its inception was -27.36%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for AMZP and DBE.

Drawdown Indicators

	AMZP	DBE	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-86.69%	+59.33%
Max Drawdown (1Y) Largest decline over 1 year	-23.64%	-14.41%	-9.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.84%	—
Current Drawdown Current decline from peak	-7.65%	-31.85%	+24.20%
Average Drawdown Average peak-to-trough decline	-6.02%	-57.31%	+51.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.15%	7.34%	+1.81%

Volatility

AMZP vs. DBE - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) is 8.11%, while Invesco DB Energy Fund (DBE) has a volatility of 13.47%. This indicates that AMZP experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZP	DBE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.11%	13.47%	-5.36%
Volatility (6M) Calculated over the trailing 6-month period	22.00%	30.80%	-8.80%
Volatility (1Y) Calculated over the trailing 1-year period	28.99%	35.02%	-6.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.81%	29.37%	-2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.81%	28.33%	-1.52%

AMZP vs. DBE - Expense Ratio Comparison

AMZP has a 0.99% expense ratio, which is higher than DBE's 0.78% expense ratio.

Dividends

AMZP vs. DBE - Dividend Comparison

AMZP's dividend yield for the trailing twelve months is around 19.00%, more than DBE's 2.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	19.00%	22.04%	15.15%	2.45%	0.00%	0.00%	0.00%	0.00%	0.00%
DBE Invesco DB Energy Fund	2.15%	3.86%	6.32%	3.87%	0.75%	0.00%	0.00%	1.79%	1.67%

Frequently Asked Questions

Can I hold both AMZP and DBE in my portfolio?

AMZP and DBE have a correlation of -0.19, 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 DBE?

DBE has higher volatility (13.47%) compared to AMZP (8.11%). In terms of maximum drawdown, AMZP dropped -27.36% vs DBE's -86.69%.

Which ETF is better, AMZP or DBE?

On 1-year performance, DBE leads with 82.31% vs 23.84% for AMZP. On fees, DBE is cheaper at 0.78% per year. On volatility, AMZP has been the lower-risk option at 8.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZP or DBE?

Over the 1-year period, DBE has performed better with a 82.31% return vs 23.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZP or DBE?

DBE is cheaper with a 0.78% expense ratio, compared with 0.99% for AMZP.

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

AMZP has the higher dividend yield at 19.00%, compared with 2.15% for DBE.

What is the main difference between AMZP and DBE?

AMZP is categorized as Options Trading, while DBE is Oil & Gas. They also come from different issuers: Kurv and Invesco. Their fees differ too: 0.99% for AMZP and 0.78% for DBE.

Which has better risk-adjusted returns?

DBE currently has the higher Sharpe Ratio (2.37 vs 0.83), 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.