AMNA vs. FBGX

Last updated Jun 3, 2026

AMNA (ETRACS Alerian Midstream Energy Index ETN) and FBGX (UBS AG FI Enhanced Large Cap Growth ETN) are both exchange-traded funds - AMNA is a MLPs fund tracking the Alerian Midstream Energy Select Index, while FBGX is a Leveraged Equities fund tracking the Russell 1000 Growth Index (200%). Both are passively managed. At a 0.30 correlation, their price movements are largely independent. AMNA charges 0.75%/yr vs 1.29%/yr for FBGX.

Performance

AMNA vs. FBGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian Midstream Energy Index ETN (AMNA) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMNA

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

FBGX

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

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

AMNA vs. FBGX - Yearly Performance Comparison

	2024	2023	2022	2021	2020
AMNA ETRACS Alerian Midstream Energy Index ETN	44.30%	12.50%	20.41%	36.44%	2.88%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	35.73%	83.74%	-56.41%	57.04%	54.04%

Correlation

The correlation between AMNA and FBGX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jun 23, 2020	0.30

Over the past year, the correlation between AMNA and FBGX has dropped to 0.10 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

AMNA vs. FBGX - Sectors Allocation Comparison

Sectors	AMNA	FBGX
Basic Materials	0.0%	0.0%
Communication Services	0.0%	0.0%
Consumer Cyclical	0.0%	0.0%
Consumer Defensive	0.0%	0.0%
Energy	0.0%	0.0%
Financial Services	0.0%	0.0%
Healthcare	0.0%	0.0%
Industrials	0.0%	0.0%
Real Estate	0.0%	0.0%
Technology	0.0%	0.0%
Utilities	0.0%	0.0%

Return for Risk

AMNA vs. FBGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy Index ETN (AMNA) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). 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.

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

Drawdowns

Volatility

AMNA vs. FBGX - Expense Ratio Comparison

AMNA has a 0.75% expense ratio, which is lower than FBGX's 1.29% expense ratio.

Dividends

AMNA vs. FBGX - Dividend Comparison

Neither AMNA nor FBGX has paid dividends to shareholders.

Position	TTM	2023	2022	2021	2020
AMNA ETRACS Alerian Midstream Energy Index ETN	0.00%	5.61%	5.48%	5.84%	2.12%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AMNA and FBGX in my portfolio?

AMNA and FBGX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMNA or FBGX?

On fees, AMNA 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, AMNA or FBGX?

AMNA is cheaper with a 0.75% expense ratio, compared with 1.29% for FBGX.

Which ETF pays a higher dividend yield, AMNA or FBGX?

AMNA and FBGX have nearly identical dividend yields, around 0.00%.

What is the main difference between AMNA and FBGX?

AMNA is categorized as MLPs, while FBGX is Leveraged Equities. AMNA tracks Alerian Midstream Energy Select Index, while FBGX tracks Russell 1000 Growth Index (200%). Their fees differ too: 0.75% for AMNA and 1.29% for FBGX.