AMJB vs. PWRZ

Last updated Jul 14, 2026

AMJB (Alerian MLP Index ETN) and PWRZ (TrueShares Eagle Global Next Gen Power Infrastructure ETF) are both Energy Equities funds. AMJB is passively managed, while PWRZ is actively managed. With a 1.00 correlation, they move nearly in lockstep. AMJB charges 0.85%/yr vs 0.75%/yr for PWRZ.

Performance

AMJB vs. PWRZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian MLP Index ETN (AMJB) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMJB

• 1D: 2.45%
• 1M: 2.81%
• 6M: 15.49%
• YTD: 19.37%
• 1Y: 17.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PWRZ

• 1D: -0.17%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMJB vs. PWRZ - Yearly Performance Comparison

	2026 (YTD)
AMJB Alerian MLP Index ETN	1.52%
PWRZ TrueShares Eagle Global Next Gen Power Infrastructure ETF	-0.40%

Correlation

The correlation between AMJB and PWRZ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026	1.00

Return for Risk

AMJB vs. PWRZ — Risk / Return Rank

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

AMJB

AMJB Risk / Return Rank: 35
AMJB Sharpe Ratio Rank: 37
AMJB Sortino Ratio Rank: 37
AMJB Omega Ratio Rank: 33
AMJB Calmar Ratio Rank: 36
AMJB Martin Ratio Rank: 35

PWRZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

AMJB vs. PWRZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and TrueShares Eagle Global Next Gen Power Infrastructure ETF (PWRZ). 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.

	AMJB	PWRZ	Difference
Sharpe ratio: Return per unit of total volatility	1.05	—	—
Sortino ratio: Return per unit of downside risk	1.58	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.47	—	—
Martin ratio: Return relative to average drawdown	4.16	—	—

Drawdowns

AMJB vs. PWRZ - Drawdown Comparison

The maximum AMJB drawdown since its inception was -17.70%, which is greater than PWRZ's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for AMJB and PWRZ.

Drawdown Indicators

	AMJB	PWRZ	Difference
Max Drawdown Largest peak-to-trough decline	-17.70%	-0.40%	-17.30%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	—	—
Current Drawdown Current decline from peak	-4.71%	-0.40%	-4.31%
Average Drawdown Average peak-to-trough decline	-5.08%	-0.31%	-4.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	—	—

Volatility

Volatility by Period

	AMJB	PWRZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.49%	0.62%	+15.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.43%	0.62%	+17.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	0.62%	+17.81%

AMJB vs. PWRZ - Expense Ratio Comparison

AMJB has a 0.85% expense ratio, which is higher than PWRZ's 0.75% expense ratio.

Dividends

AMJB vs. PWRZ - Dividend Comparison

Neither AMJB nor PWRZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AMJB and PWRZ in my portfolio?

With a correlation of 1.00, AMJB and PWRZ 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 ETF is better, AMJB or PWRZ?

On fees, PWRZ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMJB or PWRZ?

PWRZ is cheaper with a 0.75% expense ratio, compared with 0.85% for AMJB.

Which ETF pays a higher dividend yield, AMJB or PWRZ?

AMJB and PWRZ have nearly identical dividend yields, around 0.00%.

What is the main difference between AMJB and PWRZ?

They also come from different issuers: JPMorgan and TrueShares. Their fees differ too: 0.85% for AMJB and 0.75% for PWRZ.