AMZP vs QQQ
Kurv Yield Premium Strategy Amazon ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | AMZP | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.18% | |
| AUM | $19M | $496.3B | |
| Dividend Yield | 20.77% | 0.44% | |
| Holdings | 10 | 108 | |
| YTD Return | +1.25% | +16.64% | |
| 1Y Return | +5.71% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 29.5% | 30.6% | |
| Max Drawdown | -27.4% | -83.0% | |
| Fund Family | Kurv | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Oct 27, 2023 | Mar 10, 1999 |
AMZP vs QQQ Performance
Kurv Yield Premium Strategy Amazon ETF (AMZP) is a ETF from Kurv and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year AMZP returned +5.71% while QQQ returned +27.27%. Year to date, AMZP is up 1.25% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 29.5% for AMZP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -27.4% for AMZP and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AMZP charges 0.99% per year while QQQ charges 0.18%. On a $10,000 position that is $99 vs $18 annually, a gap of $81 per year that compounds over a long holding period. On income, AMZP currently yields 20.77% against 0.44% for QQQ.
Frequently Asked Questions
Which is cheaper, AMZP or QQQ?
AMZP has an expense ratio of 0.99% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, AMZP or QQQ?
Over the past year AMZP returned +5.71% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), AMZP annualized +13.12% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, AMZP or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 29.5% for AMZP. Worst drawdown: AMZP -27.4% vs QQQ -83.0%.
Should I hold both AMZP and QQQ?
AMZP and QQQ have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, AMZP or QQQ?
AMZP yields 20.77% while QQQ yields 0.44%, so AMZP currently pays the higher dividend yield.
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