FLJJ vs. AMZP

Last updated Aug 5, 2026

FLJJ (Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF) and AMZP (Kurv Yield Premium Strategy Amazon ETF) are both Options Trading funds. Both are actively managed. Over the past year, FLJJ returned 12.42% vs 24.80% for AMZP. Their 0.61 correlation means they have sometimes moved together and sometimes differently. FLJJ charges 0.74%/yr vs 0.99%/yr for AMZP.

Performance

FLJJ vs. AMZP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ) 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, FLJJ achieves a 7.29% return, which is significantly lower than AMZP's 12.48% return.

FLJJ

• 1D: 0.70%
• 1M: 1.76%
• 6M: 6.69%
• YTD: 7.29%
• 1Y: 12.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.28%

AMZP

• 1D: -1.33%
• 1M: 10.71%
• 6M: 10.77%
• YTD: 12.48%
• 1Y: 24.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.50%

*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	$279.50K	$291.22K	$409.72K
FLJJ Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF	$53.61K	$36.93K	$42.15K

FLJJ vs. AMZP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLJJ Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF	7.29%	11.35%	14.40%
AMZP Kurv Yield Premium Strategy Amazon ETF	12.48%	9.56%	34.94%

Correlation

The correlation between FLJJ and AMZP is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024	0.61

The correlation between FLJJ and AMZP has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

Return for Risk

FLJJ vs. AMZP — Risk / Return Rank

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

FLJJ

FLJJ Risk / Return Rank: 90
FLJJ Sharpe Ratio Rank: 93
FLJJ Sortino Ratio Rank: 94
FLJJ Omega Ratio Rank: 94
FLJJ Calmar Ratio Rank: 80
FLJJ Martin Ratio Rank: 91

AMZP

AMZP Risk / Return Rank: 29
AMZP Sharpe Ratio Rank: 28
AMZP Sortino Ratio Rank: 31
AMZP Omega Ratio Rank: 30
AMZP Calmar Ratio Rank: 29
AMZP Martin Ratio Rank: 26

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.

FLJJ vs. AMZP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ) 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.

	FLJJ	AMZP	Difference
Sharpe ratio: Return per unit of total volatility	2.65	0.75	+1.90
Sortino ratio: Return per unit of downside risk	3.94	1.30	+2.63
Omega ratio: Gain probability vs. loss probability	1.53	1.16	+0.37
Calmar ratio: Return relative to maximum drawdown	3.23	1.05	+2.18
Martin ratio: Return relative to average drawdown	16.78	2.32	+14.45

FLJJ vs. AMZP - Sharpe Ratio Comparison

The current FLJJ Sharpe Ratio is 2.65, which is higher than the AMZP Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of FLJJ 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

FLJJ vs. AMZP - Drawdown Comparison

The maximum FLJJ drawdown since its inception was -6.91%, smaller than the maximum AMZP drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for FLJJ and AMZP.

Drawdown Indicators

	FLJJ	AMZP	Difference
Max Drawdown Largest peak-to-trough decline	-6.91%	-27.36%	+20.45%
Max Drawdown (1Y) Largest decline over 1 year	-3.86%	-23.64%	+19.78%
Current Drawdown Current decline from peak	0.00%	-4.02%	+4.02%
Average Drawdown Average peak-to-trough decline	-0.75%	-6.45%	+5.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	10.70%	-9.96%

Volatility

FLJJ vs. AMZP - Volatility Comparison

The current volatility for Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF (FLJJ) is 1.73%, while Kurv Yield Premium Strategy Amazon ETF (AMZP) has a volatility of 15.65%. This indicates that FLJJ experiences smaller price fluctuations and is considered to be less risky than AMZP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLJJ	AMZP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.73%	15.65%	-13.92%
Volatility (6M) Calculated over the trailing 6-month period	4.00%	27.56%	-23.56%
Volatility (1Y) Calculated over the trailing 1-year period	4.74%	33.37%	-28.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.15%	28.51%	-22.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.15%	28.51%	-22.36%

FLJJ vs. AMZP - Expense Ratio Comparison

FLJJ has a 0.74% expense ratio, which is lower than AMZP's 0.99% expense ratio.

Dividends

FLJJ vs. AMZP - Dividend Comparison

FLJJ has not paid dividends to shareholders, while AMZP's dividend yield for the trailing twelve months is around 18.07%.

Position	TTM	2025	2024	2023
AMZP Kurv Yield Premium Strategy Amazon ETF	18.07%	22.04%	15.15%	2.45%
FLJJ Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLJJ and AMZP in my portfolio?

FLJJ and AMZP have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLJJ or AMZP?

AMZP has higher volatility (15.65%) compared to FLJJ (1.73%). In terms of maximum drawdown, FLJJ dropped -6.91% vs AMZP's -27.36%.

Which ETF is better, FLJJ or AMZP?

On 1-year performance, AMZP leads with 24.80% vs 12.42% for FLJJ. On fees, FLJJ is cheaper at 0.74% per year. On volatility, FLJJ has been the lower-risk option at 1.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLJJ or AMZP?

Over the 1-year period, AMZP has performed better with a 24.80% return vs 12.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLJJ or AMZP?

FLJJ is cheaper with a 0.74% expense ratio, compared with 0.99% for AMZP.

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

AMZP has the higher dividend yield at 18.07%, compared with 0.00% for FLJJ.

What is the main difference between FLJJ and AMZP?

They also come from different issuers: Allianz and Kurv. Their fees differ too: 0.74% for FLJJ and 0.99% for AMZP.

Which has better risk-adjusted returns?

FLJJ currently has the higher Sharpe Ratio (2.65 vs 0.75), 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.