AMZW vs. AMZP

Last updated Aug 2, 2026

AMZW (Roundhill AMZN WeeklyPay ETF) and AMZP (Kurv Yield Premium Strategy Amazon ETF) are both exchange-traded funds - AMZW is a Derivative Income fund actively managed by Roundhill, while AMZP is a Options Trading fund actively managed by Kurv. Both are actively managed. Over the past year, AMZW returned 25.64% vs 21.38% for AMZP. Their 0.98 correlation means they have historically moved very closely together. Both charge a 0.99% expense ratio.

Performance

AMZW vs. AMZP - Performance Comparison

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

Returns By Period

In the year-to-date period, AMZW achieves a 18.02% return, which is significantly higher than AMZP's 10.90% return.

AMZW

• 1D: 18.15%
• 1M: 13.81%
• 6M: 13.42%
• YTD: 18.02%
• 1Y: 25.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.57%

AMZP

• 1D: 13.50%
• 1M: 9.15%
• 6M: 9.17%
• YTD: 10.90%
• 1Y: 21.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.97%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMZP Kurv Yield Premium Strategy Amazon ETF	$255.54K	$291.65K	$426.86K
AMZW Roundhill AMZN WeeklyPay ETF	$728.39K	$587.12K	$751.31K

AMZW vs. AMZP - Yearly Performance Comparison

	2026 (YTD)	2025
AMZW Roundhill AMZN WeeklyPay ETF	18.02%	7.33%
AMZP Kurv Yield Premium Strategy Amazon ETF	10.90%	10.46%

Correlation

The correlation between AMZW and AMZP is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.98

The correlation between AMZW and AMZP has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

AMZW vs. AMZP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMZW

AMZW Risk / Return Rank: 20
AMZW Sharpe Ratio Rank: 18
AMZW Sortino Ratio Rank: 22
AMZW Omega Ratio Rank: 22
AMZW Calmar Ratio Rank: 20
AMZW Martin Ratio Rank: 18

AMZP

AMZP Risk / Return Rank: 21
AMZP Sharpe Ratio Rank: 20
AMZP Sortino Ratio Rank: 22
AMZP Omega Ratio Rank: 22
AMZP Calmar Ratio Rank: 20
AMZP Martin Ratio Rank: 19

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMZW vs. AMZP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AMZN WeeklyPay ETF (AMZW) and Kurv Yield Premium Strategy Amazon ETF (AMZP). 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.

	AMZW	AMZP	Difference
Sharpe ratio: Return per unit of total volatility	0.32	0.38	-0.06
Sortino ratio: Return per unit of downside risk	0.80	0.80	+0.01
Omega ratio: Gain probability vs. loss probability	1.10	1.10	0.00
Calmar ratio: Return relative to maximum drawdown	0.51	0.55	-0.04
Martin ratio: Return relative to average drawdown	1.06	1.20	-0.14

AMZW vs. AMZP - Sharpe Ratio Comparison

The current AMZW Sharpe Ratio is 0.32, which is comparable to the AMZP Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of AMZW and AMZP, 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

AMZW vs. AMZP - Drawdown Comparison

The maximum AMZW drawdown since its inception was -26.79%, roughly equal to the maximum AMZP drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for AMZW and AMZP.

Drawdown Indicators

	AMZW	AMZP	Difference
Max Drawdown Largest peak-to-trough decline	-26.79%	-27.36%	+0.57%
Max Drawdown (1Y) Largest decline over 1 year	-26.79%	-23.64%	-3.15%
Current Drawdown Current decline from peak	-2.81%	-5.37%	+2.56%
Average Drawdown Average peak-to-trough decline	-9.73%	-6.46%	-3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.88%	10.74%	+2.14%

Volatility

AMZW vs. AMZP - Volatility Comparison

Roundhill AMZN WeeklyPay ETF (AMZW) has a higher volatility of 19.61% compared to Kurv Yield Premium Strategy Amazon ETF (AMZP) at 15.36%. This indicates that AMZW's price experiences larger fluctuations and is considered to be riskier than AMZP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZW	AMZP	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.61%	15.36%	+4.25%
Volatility (6M) Calculated over the trailing 6-month period	31.80%	27.48%	+4.32%
Volatility (1Y) Calculated over the trailing 1-year period	42.59%	34.01%	+8.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.99%	28.49%	+12.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.99%	28.49%	+12.50%

AMZW vs. AMZP - Expense Ratio Comparison

Both AMZW and AMZP have an expense ratio of 0.99%.

Dividends

AMZW vs. AMZP - Dividend Comparison

AMZW's dividend yield for the trailing twelve months is around 40.59%, more than AMZP's 18.33% yield.

Position	TTM	2025	2024	2023
AMZP Kurv Yield Premium Strategy Amazon ETF	18.33%	22.04%	15.15%	2.45%
AMZW Roundhill AMZN WeeklyPay ETF	40.59%	25.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMZW and AMZP in my portfolio?

With a correlation of 0.98, AMZW and AMZP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AMZW or AMZP?

AMZW has higher volatility (19.61%) compared to AMZP (15.36%). In terms of maximum drawdown, AMZW dropped -26.79% vs AMZP's -27.36%.

Which ETF is better, AMZW or AMZP?

On 1-year performance, AMZW leads with 25.64% vs 21.38% for AMZP. Both ETFs have the same 0.99% expense ratio. On volatility, AMZP has been the lower-risk option at 15.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMZW or AMZP?

Over the 1-year period, AMZW has performed better with a 25.64% return vs 21.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMZW or AMZP?

AMZW and AMZP have the same expense ratio: 0.99% per year.

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

AMZW has the higher dividend yield at 40.59%, compared with 18.33% for AMZP.

What is the main difference between AMZW and AMZP?

AMZW is categorized as Derivative Income, while AMZP is Options Trading. They also come from different issuers: Roundhill and Kurv.

Which has better risk-adjusted returns?

AMZP currently has the higher Sharpe Ratio (0.38 vs 0.32), 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.