AMZP vs. WNTR

Last updated Jun 25, 2026

AMZP (Kurv Yield Premium Strategy Amazon AMZN ETF) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - AMZP is a Options Trading fund actively managed by Kurv, while WNTR is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, AMZP returned 9.04% vs 97.02% for WNTR. At a correlation of -0.31, they often move in opposite directions. AMZP charges 0.99%/yr vs 1.01%/yr for WNTR.

Performance

AMZP vs. WNTR - Performance Comparison

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

Returns By Period

In the year-to-date period, AMZP achieves a -2.34% return, which is significantly lower than WNTR's 10.46% return.

AMZP

• 1D: -0.16%
• 1M: -13.49%
• YTD: -2.34%
• 6M: -2.50%
• 1Y: 9.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WNTR

• 1D: 6.01%
• 1M: 37.47%
• YTD: 10.46%
• 6M: 14.06%
• 1Y: 97.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMZP vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	-2.34%	18.82%
WNTR YieldMax Short MSTR Option Income Strategy ETF	10.46%	52.78%

Correlation

The correlation between AMZP and WNTR is -0.28, 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	-0.28
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.31

Return for Risk

AMZP vs. WNTR — Risk / Return Rank

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

AMZP

AMZP Risk / Return Rank: 13
AMZP Sharpe Ratio Rank: 13
AMZP Sortino Ratio Rank: 13
AMZP Omega Ratio Rank: 13
AMZP Calmar Ratio Rank: 13
AMZP Martin Ratio Rank: 13

WNTR

WNTR Risk / Return Rank: 51
WNTR Sharpe Ratio Rank: 63
WNTR Sortino Ratio Rank: 49
WNTR Omega Ratio Rank: 52
WNTR Calmar Ratio Rank: 51
WNTR Martin Ratio Rank: 40

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. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). 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	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	0.30	1.85	-1.55
Sortino ratio: Return per unit of downside risk	0.62	2.20	-1.58
Omega ratio: Gain probability vs. loss probability	1.08	1.30	-0.22
Calmar ratio: Return relative to maximum drawdown	0.38	2.29	-1.90
Martin ratio: Return relative to average drawdown	0.93	5.85	-4.91

AMZP vs. WNTR - Sharpe Ratio Comparison

The current AMZP Sharpe Ratio is 0.30, which is lower than the WNTR Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of AMZP and WNTR, 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. WNTR - Drawdown Comparison

The maximum AMZP drawdown since its inception was -27.36%, smaller than the maximum WNTR drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for AMZP and WNTR.

Drawdown Indicators

	AMZP	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-42.65%	+15.29%
Max Drawdown (1Y) Largest decline over 1 year	-23.64%	-42.65%	+19.01%
Current Drawdown Current decline from peak	-16.67%	-9.88%	-6.79%
Average Drawdown Average peak-to-trough decline	-6.17%	-20.93%	+14.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.72%	16.70%	-6.98%

Volatility

AMZP vs. WNTR - Volatility Comparison

The current volatility for Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) is 10.67%, while YieldMax Short MSTR Option Income Strategy ETF (WNTR) has a volatility of 17.54%. This indicates that AMZP experiences smaller price fluctuations and is considered to be less risky than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZP	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.67%	17.54%	-6.87%
Volatility (6M) Calculated over the trailing 6-month period	23.61%	45.99%	-22.38%
Volatility (1Y) Calculated over the trailing 1-year period	30.20%	52.83%	-22.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.12%	53.10%	-25.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.12%	53.10%	-25.98%

AMZP vs. WNTR - Expense Ratio Comparison

AMZP has a 0.99% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

AMZP vs. WNTR - Dividend Comparison

AMZP's dividend yield for the trailing twelve months is around 20.93%, less than WNTR's 96.66% yield.

Position	TTM	2025	2024	2023
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	20.93%	22.04%	15.15%	2.45%
WNTR YieldMax Short MSTR Option Income Strategy ETF	96.66%	58.56%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMZP and WNTR in my portfolio?

AMZP and WNTR have a correlation of -0.28, 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 WNTR?

WNTR has higher volatility (17.54%) compared to AMZP (10.67%). In terms of maximum drawdown, AMZP dropped -27.36% vs WNTR's -42.65%.

Which ETF is better, AMZP or WNTR?

On 1-year performance, WNTR leads with 97.02% vs 9.04% for AMZP. On fees, AMZP is cheaper at 0.99% per year. On volatility, AMZP has been the lower-risk option at 10.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZP or WNTR?

Over the 1-year period, WNTR has performed better with a 97.02% return vs 9.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZP or WNTR?

AMZP is cheaper with a 0.99% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 96.66%, compared with 20.93% for AMZP.

What is the main difference between AMZP and WNTR?

AMZP is categorized as Options Trading, while WNTR is Derivative Income. They also come from different issuers: Kurv and YieldMax. Their fees differ too: 0.99% for AMZP and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (1.85 vs 0.30), 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.