OEF vs. AMZP

Last updated Jun 24, 2026

OEF (iShares S&P 100 ETF) and AMZP (Kurv Yield Premium Strategy Amazon AMZN ETF) are both exchange-traded funds - OEF is a Large Cap Blend Equities fund tracking the S&P 100 Index, while AMZP is a Options Trading fund actively managed by Kurv. OEF is passively managed, while AMZP is actively managed. Over the past year, OEF returned 23.70% vs 11.65% for AMZP. A 0.69 correlation means they provide meaningful diversification when combined. OEF charges 0.20%/yr vs 0.99%/yr for AMZP.

Performance

OEF vs. AMZP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 100 ETF (OEF) and Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OEF achieves a 5.60% return, which is significantly higher than AMZP's -2.19% return.

OEF

• 1D: -1.41%
• 1M: -2.70%
• YTD: 5.60%
• 6M: 4.83%
• 1Y: 23.70%
• 3Y*: 22.31%
• 5Y*: 14.45%
• 10Y*: 16.63%

AMZP

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

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

OEF vs. AMZP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OEF iShares S&P 100 ETF	5.60%	19.80%	30.74%	9.14%
AMZP Kurv Yield Premium Strategy Amazon AMZN ETF	-2.19%	9.56%	37.42%	7.73%

Correlation

The correlation between OEF and AMZP 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	0.69

The correlation between OEF and AMZP has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.

Return for Risk

OEF vs. AMZP — Risk / Return Rank

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

OEF

OEF Risk / Return Rank: 51
OEF Sharpe Ratio Rank: 54
OEF Sortino Ratio Rank: 51
OEF Omega Ratio Rank: 53
OEF Calmar Ratio Rank: 45
OEF Martin Ratio Rank: 52

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

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.

OEF vs. AMZP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 100 ETF (OEF) and Kurv Yield Premium Strategy Amazon AMZN 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.

	OEF	AMZP	Difference
Sharpe ratio: Return per unit of total volatility	1.78	0.39	+1.39
Sortino ratio: Return per unit of downside risk	2.42	0.73	+1.69
Omega ratio: Gain probability vs. loss probability	1.32	1.09	+0.23
Calmar ratio: Return relative to maximum drawdown	2.15	0.50	+1.66
Martin ratio: Return relative to average drawdown	8.71	1.21	+7.50

OEF vs. AMZP - Sharpe Ratio Comparison

The current OEF Sharpe Ratio is 1.78, which is higher than the AMZP Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of OEF 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

OEF vs. AMZP - Drawdown Comparison

The maximum OEF drawdown since its inception was -54.11%, which is greater than AMZP's maximum drawdown of -27.36%. Use the drawdown chart below to compare losses from any high point for OEF and AMZP.

Drawdown Indicators

	OEF	AMZP	Difference
Max Drawdown Largest peak-to-trough decline	-54.11%	-27.36%	-26.75%
Max Drawdown (1Y) Largest decline over 1 year	-11.06%	-23.64%	+12.58%
Max Drawdown (3Y) Largest decline over 3 years	-19.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.44%	—	—
Current Drawdown Current decline from peak	-4.48%	-16.53%	+12.05%
Average Drawdown Average peak-to-trough decline	-11.74%	-6.16%	-5.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	9.67%	-6.94%

Volatility

OEF vs. AMZP - Volatility Comparison

The current volatility for iShares S&P 100 ETF (OEF) is 5.27%, while Kurv Yield Premium Strategy Amazon AMZN ETF (AMZP) has a volatility of 10.66%. This indicates that OEF 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

	OEF	AMZP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.27%	10.66%	-5.39%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	23.61%	-13.04%
Volatility (1Y) Calculated over the trailing 1-year period	13.42%	30.20%	-16.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	27.14%	-9.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.48%	27.14%	-8.66%

OEF vs. AMZP - Expense Ratio Comparison

OEF has a 0.20% expense ratio, which is lower than AMZP's 0.99% expense ratio.

Dividends

OEF vs. AMZP - Dividend Comparison

OEF's dividend yield for the trailing twelve months is around 0.89%, less than AMZP's 20.90% 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%
OEF iShares S&P 100 ETF	0.89%	0.81%	1.03%	1.19%	1.55%	1.06%	1.43%	1.87%	2.09%	1.81%	2.07%	2.11%

Frequently Asked Questions

Can I hold both OEF and AMZP in my portfolio?

OEF and AMZP 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, OEF or AMZP?

AMZP has higher volatility (10.66%) compared to OEF (5.27%). In terms of maximum drawdown, OEF dropped -54.11% vs AMZP's -27.36%.

Which ETF is better, OEF or AMZP?

On 1-year performance, OEF leads with 23.70% vs 11.65% for AMZP. On fees, OEF is cheaper at 0.20% per year. On volatility, OEF has been the lower-risk option at 5.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OEF or AMZP?

Over the 1-year period, OEF has performed better with a 23.70% return vs 11.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OEF or AMZP?

OEF is cheaper with a 0.20% expense ratio, compared with 0.99% for AMZP.

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

AMZP has the higher dividend yield at 20.90%, compared with 0.89% for OEF.

What is the main difference between OEF and AMZP?

OEF is categorized as Large Cap Blend Equities, while AMZP is Options Trading. They also come from different issuers: iShares and Kurv. Their fees differ too: 0.20% for OEF and 0.99% for AMZP.

Which has better risk-adjusted returns?

OEF currently has the higher Sharpe Ratio (1.78 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.