AMZP vs AMZY: which paid, and which earned it?

Over the year AMZY paid 35.8% of its price in cash against AMZP’s 17.3%, and returned more with it reinvested. Kurv Yield Premium Strategy Amazon (AMZN) ETF and YieldMax(R) AMZN Option Income Strategy ETF.

17.3%
AMZP cash paid, 1 year
35.8%
AMZY cash paid, 1 year
+5.0%
AMZP total return, 1 year
+9.3%
AMZY total return, 1 year
AMZP · 1 year to Sep 30, 20268.5 pts behind AMZN
AMZP
+5.0%
AMZN
+13.5%

8.5 pts behind AMZN

AMZP over 1 year: paid 17.3%, price −12.4%, total +5.0%, AMZN +13.5%, −8.5 pts.

AMZN

+13.5%

AMZP

+5.0%

17.3% of it arrived as cash

8.5 pts behind AMZN

Total return, distributions reinvested

8.5 pts behind AMZN

AMZP over 1 year: paid 17.3%, price −12.4%, total +5.0%, AMZN +13.5%, −8.5 pts.

AMZN

+13.5%

AMZP

+5.0%

8.5 pts behind AMZN

17.3% of it arrived as cash. Total return, distributions reinvested. AMZP over 1 year: paid 17.3%, price −12.4%, total +5.0%, AMZN +13.5%, −8.5 pts.

AMZY · 1 year to Sep 30, 20264.1 pts behind AMZN
AMZY
+9.3%
AMZN
+13.5%

4.1 pts behind AMZN

AMZY over 1 year: paid 35.8%, price −27.9%, total +9.3%, AMZN +13.5%, −4.1 pts.

AMZN

+13.5%

AMZY

+9.3%

35.8% of it arrived as cash

4.1 pts behind AMZN

Total return, distributions reinvested

4.1 pts behind AMZN

AMZY over 1 year: paid 35.8%, price −27.9%, total +9.3%, AMZN +13.5%, −4.1 pts.

AMZN

+13.5%

AMZY

+9.3%

35.8% as cash

4.1 pts behind AMZN

35.8% of it arrived as cash. Both charts share one scale, 0 to +13.5%. AMZY over 1 year: paid 35.8%, price −27.9%, total +9.3%, AMZN +13.5%, −4.1 pts.

ETFIQ Return Stability Score · AMZY scores higherWas the payout funded by returns, or by your own capital?
7.2, the lowest in this set97.2, the highest

A percentile among the 70 income ETFs writing on a single company. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, AMZP and AMZY hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Oct 1, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding AMZP AMZY
Only in AMZP
TREASURY BILL 50.25%
TREASURY BILL 35.73%
TREASURY BILL 14.01%
Only in AMZY
United States Treasury Note/Bond 2.375% 05/15/2027 31.16%
United States Treasury Bill 07/08/2027 25.86%
United States Treasury Bill 02/18/2027 21.48%
United States Treasury Bill 12/10/2026 14.53%
United States Treasury Bill 10/15/2026 5.66%
AMZN US 11/20/26 C255 4.81%
First American Government Obligations Fund 12/01/2031 3.54%
AMZN US 10/02/26 C255 0.15%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowAMZPAMZYAMZPAMZYAMZPAMZY
3 months−0.8%+4.8%4.0%9.4%−3.9 pts+1.8 pts
6 months+14.7%+15.5%8.9%22.7%−3.7 pts−2.8 pts
1 year+5.0%+9.3%17.3%35.8%−8.5 pts−4.1 pts
3 yearsnot published+83.3%not published106.9%not published−12.7 pts
Since launch
AMZP Nov 2023 · AMZY Jul 2023
+62.5%+85.2%58.4%108.0%−15.8 pts−7.8 pts

AMZP and AMZY over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

AMZP
Kurv Yield Premium Strategy Amazon (AMZN) ETF · Synthetic covered call on AMZN, paying monthly
AMZY
YieldMax(R) AMZN Option Income Strategy ETF · Synthetic covered call on AMZN, paying weekly
Issuer Kurv YieldMax
Strategy synthetic covered call synthetic covered call
Benchmark Amazon (AMZN) Amazon (AMZN)
Pays monthly weekly
Payout rate, annualized 16.8% 28.5%
Expense ratio 0.99% 1.09%
Cash paid, 1 year 17.3% 35.8%
Price change, 1 year −12.4% −27.9%
Total return, 1 year +5.0% +9.3%
Benchmark return, 1 year +13.5% +13.5%
Ahead or behind −8.5 pts −4.1 pts
Return of capital, latest estimate 84% 0%
Age 1059 days 1163 days
Net assets $17m $213m

AMZP and AMZY on the same fields, as of Sep 30, 2026. Source: ETFIQ.

AMZP in plain words

Over the year to Sep 30, 2026, AMZP paid 17.3% of its starting value in cash distributions while its price fell 12.4%. With every distribution reinvested, the fund returned +5.0%. Amazon (AMZN) returned +13.5% over the same days, so a holder was behind by 8.5 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 16.8%, paid monthly. Kurv estimates that 84% of the distribution paid Aug 13, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

AMZY in plain words

Over the year to Sep 30, 2026, AMZY paid 35.8% of its starting value in cash distributions while its price fell 27.9%. With every distribution reinvested, the fund returned +9.3%. Amazon (AMZN) returned +13.5% over the same days, so a holder was behind by 4.1 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 28.5%, paid weekly. YieldMax estimates that 0% of the distribution paid Oct 2, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which paid more, AMZP or AMZY?
Over the year to Sep 30, 2026, AMZP paid 17.3% of its starting price in cash and AMZY paid 35.8%, so AMZY paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, AMZP or AMZY?
With every distribution reinvested, AMZP returned +5.0% and AMZY +9.3% over the year to Sep 30, 2026.
Which is cheaper, AMZP or AMZY?
AMZP charges 0.99% a year and AMZY charges 1.09%, so AMZP is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, AMZP against AMZY, data as of Sep 30, 2026. https://etfiq.com/compare/income/amzp-vs-amzy

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.