AMZP vs. SCHG

Last updated Jun 24, 2026

AMZP (Kurv Yield Premium Strategy Amazon AMZN ETF) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - AMZP is a Options Trading fund actively managed by Kurv, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. AMZP is actively managed, while SCHG is passively managed. Over the past year, AMZP returned 11.65% vs 17.91% for SCHG. A 0.71 correlation means they provide meaningful diversification when combined. AMZP charges 0.99%/yr vs 0.04%/yr for SCHG.

Performance

AMZP vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMZP achieves a -2.19% return, which is significantly lower than SCHG's 1.35% return.

AMZP

• 1D: 0.48%
• 1M: -13.35%
• YTD: -2.19%
• 6M: -2.18%
• 1Y: 11.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHG

• 1D: -1.37%
• 1M: -3.93%
• YTD: 1.35%
• 6M: 0.09%
• 1Y: 17.91%
• 3Y*: 22.13%
• 5Y*: 13.27%
• 10Y*: 18.65%

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

AMZP vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	-2.19%	9.56%	37.42%	7.73%
SCHG Schwab U.S. Large-Cap Growth ETF	1.35%	17.50%	34.95%	11.04%

Correlation

The correlation between AMZP and SCHG 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 Nov 6, 2023	0.71

The correlation between AMZP and SCHG has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.

Return for Risk

AMZP vs. SCHG — 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

SCHG

SCHG Risk / Return Rank: 28
SCHG Sharpe Ratio Rank: 31
SCHG Sortino Ratio Rank: 30
SCHG Omega Ratio Rank: 30
SCHG Calmar Ratio Rank: 23
SCHG Martin Ratio Rank: 27

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. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	0.39	1.11	-0.72
Sortino ratio: Return per unit of downside risk	0.73	1.56	-0.83
Omega ratio: Gain probability vs. loss probability	1.09	1.20	-0.11
Calmar ratio: Return relative to maximum drawdown	0.50	1.10	-0.60
Martin ratio: Return relative to average drawdown	1.21	3.58	-2.37

AMZP vs. SCHG - Sharpe Ratio Comparison

The current AMZP Sharpe Ratio is 0.39, which is lower than the SCHG Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of AMZP and SCHG, 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. SCHG - Drawdown Comparison

The maximum AMZP drawdown since its inception was -27.36%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for AMZP and SCHG.

Drawdown Indicators

	AMZP	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-34.59%	+7.23%
Max Drawdown (1Y) Largest decline over 1 year	-23.64%	-16.41%	-7.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.59%	—
Current Drawdown Current decline from peak	-16.53%	-6.46%	-10.07%
Average Drawdown Average peak-to-trough decline	-6.16%	-5.20%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.67%	5.02%	+4.65%

Volatility

AMZP vs. SCHG - Volatility Comparison

Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) has a higher volatility of 10.66% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 5.91%. This indicates that AMZP's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZP	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.66%	5.91%	+4.75%
Volatility (6M) Calculated over the trailing 6-month period	23.61%	12.52%	+11.09%
Volatility (1Y) Calculated over the trailing 1-year period	30.20%	16.24%	+13.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.14%	22.38%	+4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.14%	21.58%	+5.56%

AMZP vs. SCHG - Expense Ratio Comparison

AMZP has a 0.99% expense ratio, which is higher than SCHG's 0.04% expense ratio.

Dividends

AMZP vs. SCHG - Dividend Comparison

AMZP's dividend yield for the trailing twelve months is around 20.90%, more than SCHG's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	20.90%	22.04%	15.15%	2.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both AMZP and SCHG in my portfolio?

AMZP and SCHG 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 SCHG?

AMZP has higher volatility (10.66%) compared to SCHG (5.91%). In terms of maximum drawdown, AMZP dropped -27.36% vs SCHG's -34.59%.

Which ETF is better, AMZP or SCHG?

On 1-year performance, SCHG leads with 17.91% vs 11.65% for AMZP. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZP or SCHG?

Over the 1-year period, SCHG has performed better with a 17.91% return vs 11.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZP or SCHG?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.99% for AMZP.

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

AMZP has the higher dividend yield at 20.90%, compared with 0.38% for SCHG.

What is the main difference between AMZP and SCHG?

AMZP is categorized as Options Trading, while SCHG is Large Cap Growth Equities. They also come from different issuers: Kurv and Charles Schwab. Their fees differ too: 0.99% for AMZP and 0.04% for SCHG.

Which has better risk-adjusted returns?

SCHG currently has the higher Sharpe Ratio (1.11 vs 0.39), 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.