AMZP vs. MSTQ

Last updated Jun 3, 2026

AMZP (Kurv Yield Premium Strategy Amazon AMZN ETF) and MSTQ (LHA Market State Tactical Q ETF) are both Options Trading funds. Both are actively managed. Over the past year, AMZP returned 23.84% vs 33.28% for MSTQ. A 0.64 correlation means they provide meaningful diversification when combined. AMZP charges 0.99%/yr vs 1.59%/yr for MSTQ.

Performance

AMZP vs. MSTQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and LHA Market State Tactical Q ETF (MSTQ). 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 MSTQ's 17.64% return.

AMZP

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

MSTQ

• 1D: 0.46%
• 1M: 8.99%
• YTD: 17.64%
• 6M: 16.18%
• 1Y: 33.28%
• 3Y*: 24.19%
• 5Y*: —
• 10Y*: —

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

AMZP vs. MSTQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	8.22%	9.56%	37.42%	7.73%
MSTQ LHA Market State Tactical Q ETF	17.64%	20.57%	19.58%	11.22%

Correlation

The correlation between AMZP and MSTQ is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Nov 7, 2023	0.64

The correlation between AMZP and MSTQ has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.

Return for Risk

AMZP vs. MSTQ — 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

MSTQ

MSTQ Risk / Return Rank: 61
MSTQ Sharpe Ratio Rank: 70
MSTQ Sortino Ratio Rank: 66
MSTQ Omega Ratio Rank: 65
MSTQ Calmar Ratio Rank: 54
MSTQ Martin Ratio Rank: 50

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. MSTQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and LHA Market State Tactical Q ETF (MSTQ). 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	MSTQ	Difference
Sharpe ratio Return per unit of total volatility	0.83	2.33	-1.50
Sortino ratio Return per unit of downside risk	1.28	3.08	-1.80
Omega ratio Gain probability vs. loss probability	1.16	1.40	-0.24
Calmar ratio Return relative to maximum drawdown	1.05	2.74	-1.69
Martin ratio Return relative to average drawdown	2.71	8.57	-5.86
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. MSTQ - Sharpe Ratio Comparison

The current AMZP Sharpe Ratio is 0.83, which is lower than the MSTQ Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of AMZP and MSTQ, 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	MSTQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	2.33	-1.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.88	+0.04

Drawdowns

AMZP vs. MSTQ - Drawdown Comparison

The maximum AMZP drawdown since its inception was -27.36%, smaller than the maximum MSTQ drawdown of -31.05%. Use the drawdown chart below to compare losses from any high point for AMZP and MSTQ.

Drawdown Indicators

	AMZP	MSTQ	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-31.05%	+3.69%
Max Drawdown (1Y) Largest decline over 1 year	-23.64%	-12.39%	-11.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.22%	—
Current Drawdown Current decline from peak	-7.65%	0.00%	-7.65%
Average Drawdown Average peak-to-trough decline	-6.02%	-8.63%	+2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.15%	3.97%	+5.18%

Volatility

AMZP vs. MSTQ - Volatility Comparison

Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) has a higher volatility of 8.11% compared to LHA Market State Tactical Q ETF (MSTQ) at 4.25%. This indicates that AMZP's price experiences larger fluctuations and is considered to be riskier than MSTQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZP	MSTQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.11%	4.25%	+3.86%
Volatility (6M) Calculated over the trailing 6-month period	22.00%	10.59%	+11.41%
Volatility (1Y) Calculated over the trailing 1-year period	28.99%	14.35%	+14.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.81%	18.86%	+7.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.81%	18.86%	+7.95%

AMZP vs. MSTQ - Expense Ratio Comparison

AMZP has a 0.99% expense ratio, which is lower than MSTQ's 1.59% expense ratio.

Dividends

AMZP vs. MSTQ - Dividend Comparison

AMZP's dividend yield for the trailing twelve months is around 19.00%, more than MSTQ's 11.87% yield.

Position	TTM	2025	2024	2023
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	19.00%	22.04%	15.15%	2.45%
MSTQ LHA Market State Tactical Q ETF	11.87%	13.97%	3.72%	0.77%

Frequently Asked Questions

Can I hold both AMZP and MSTQ in my portfolio?

AMZP and MSTQ have a correlation of 0.58, 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 MSTQ?

AMZP has higher volatility (8.11%) compared to MSTQ (4.25%). In terms of maximum drawdown, AMZP dropped -27.36% vs MSTQ's -31.05%.

Which ETF is better, AMZP or MSTQ?

On 1-year performance, MSTQ leads with 33.28% vs 23.84% for AMZP. On fees, AMZP is cheaper at 0.99% per year. On volatility, MSTQ has been the lower-risk option at 4.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZP or MSTQ?

Over the 1-year period, MSTQ has performed better with a 33.28% 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 MSTQ?

AMZP is cheaper with a 0.99% expense ratio, compared with 1.59% for MSTQ.

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

AMZP has the higher dividend yield at 19.00%, compared with 11.87% for MSTQ.

What is the main difference between AMZP and MSTQ?

They also come from different issuers: Kurv and Little Harbor Advisors. Their fees differ too: 0.99% for AMZP and 1.59% for MSTQ.

Which has better risk-adjusted returns?

MSTQ currently has the higher Sharpe Ratio (2.33 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.