AMZP vs. QDTE

Last updated Jun 4, 2026

AMZP (Kurv Yield Premium Strategy Amazon AMZN ETF) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - AMZP is a Options Trading fund actively managed by Kurv, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, AMZP returned 20.81% vs 40.36% for QDTE. A 0.67 correlation means they provide meaningful diversification when combined. AMZP charges 0.99%/yr vs 0.97%/yr for QDTE.

Performance

AMZP vs. QDTE - 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 Innovation-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZP achieves a 5.27% return, which is significantly lower than QDTE's 16.58% return.

AMZP

• 1D: -2.73%
• 1M: -8.93%
• YTD: 5.27%
• 6M: 5.85%
• 1Y: 20.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QDTE

• 1D: -0.16%
• 1M: 8.99%
• YTD: 16.58%
• 6M: 16.20%
• 1Y: 40.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMZP vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	5.27%	9.56%	21.62%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	16.58%	19.32%	16.07%

Correlation

The correlation between AMZP and QDTE is 0.62, 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	0.62
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.67

The correlation between AMZP and QDTE has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.

Return for Risk

AMZP vs. QDTE — Risk / Return Rank

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

AMZP

AMZP Risk / Return Rank: 21
AMZP Sharpe Ratio Rank: 20
AMZP Sortino Ratio Rank: 21
AMZP Omega Ratio Rank: 22
AMZP Calmar Ratio Rank: 20
AMZP Martin Ratio Rank: 20

QDTE

QDTE Risk / Return Rank: 78
QDTE Sharpe Ratio Rank: 82
QDTE Sortino Ratio Rank: 76
QDTE Omega Ratio Rank: 78
QDTE Calmar Ratio Rank: 77
QDTE Martin Ratio Rank: 80

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. QDTE - 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 Innovation-100 0DTE Covered Call Strategy ETF (QDTE). 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	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.72	2.74	-2.02
Sortino ratio: Return per unit of downside risk	1.15	3.49	-2.35
Omega ratio: Gain probability vs. loss probability	1.14	1.47	-0.33
Calmar ratio: Return relative to maximum drawdown	0.88	3.98	-3.09
Martin ratio: Return relative to average drawdown	2.27	16.08	-13.80
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. QDTE - Sharpe Ratio Comparison

The current AMZP Sharpe Ratio is 0.72, which is lower than the QDTE Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of AMZP and QDTE, 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	QDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	2.74	-2.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.30	-0.44

Drawdowns

AMZP vs. QDTE - Drawdown Comparison

The maximum AMZP drawdown since its inception was -27.36%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for AMZP and QDTE.

Drawdown Indicators

	AMZP	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-22.86%	-4.50%
Max Drawdown (1Y) Largest decline over 1 year	-23.64%	-10.20%	-13.44%
Current Drawdown Current decline from peak	-10.17%	-0.16%	-10.01%
Average Drawdown Average peak-to-trough decline	-6.02%	-3.14%	-2.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.17%	2.52%	+6.65%

Volatility

AMZP vs. QDTE - Volatility Comparison

Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) has a higher volatility of 8.28% compared to Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) at 3.75%. This indicates that AMZP's price experiences larger fluctuations and is considered to be riskier than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZP	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.28%	3.75%	+4.53%
Volatility (6M) Calculated over the trailing 6-month period	22.18%	11.01%	+11.17%
Volatility (1Y) Calculated over the trailing 1-year period	29.12%	14.81%	+14.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.85%	18.43%	+8.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.85%	18.43%	+8.42%

AMZP vs. QDTE - Expense Ratio Comparison

AMZP has a 0.99% expense ratio, which is higher than QDTE's 0.97% expense ratio.

Dividends

AMZP vs. QDTE - Dividend Comparison

AMZP's dividend yield for the trailing twelve months is around 19.53%, less than QDTE's 42.16% yield.

Position	TTM	2025	2024	2023
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	19.53%	22.04%	15.15%	2.45%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	42.16%	49.49%	32.09%	0.00%

Frequently Asked Questions

Can I hold both AMZP and QDTE in my portfolio?

AMZP and QDTE have a correlation of 0.62, 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 QDTE?

AMZP has higher volatility (8.28%) compared to QDTE (3.75%). In terms of maximum drawdown, AMZP dropped -27.36% vs QDTE's -22.86%.

Which ETF is better, AMZP or QDTE?

On 1-year performance, QDTE leads with 40.36% vs 20.81% for AMZP. On fees, QDTE is cheaper at 0.97% per year. On volatility, QDTE has been the lower-risk option at 3.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZP or QDTE?

Over the 1-year period, QDTE has performed better with a 40.36% return vs 20.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZP or QDTE?

QDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for AMZP.

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

QDTE has the higher dividend yield at 42.16%, compared with 19.53% for AMZP.

What is the main difference between AMZP and QDTE?

AMZP is categorized as Options Trading, while QDTE is Derivative Income. They also come from different issuers: Kurv and Roundhill. Their fees differ too: 0.99% for AMZP and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (2.74 vs 0.72), 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.