AMNA vs. PFFL

Last updated Apr 1, 2026

Compare and contrast key facts about ETRACS Alerian Midstream Energy Index ETN (AMNA) and ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL).

AMNA and PFFL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMNA is a passively managed fund by UBS that tracks the performance of the Alerian Midstream Energy Select Index. It was launched on Jun 19, 2020. PFFL is a passively managed fund by UBS that tracks the performance of the Solactive Preferred Stock ETF Index (+200%). It was launched on Sep 25, 2018. Both AMNA and PFFL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

AMNA vs. PFFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Alerian Midstream Energy Index ETN (AMNA) and ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL). The values are adjusted to include any dividend payments, if applicable.

AMNA vs. PFFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AMNA ETRACS Alerian Midstream Energy Index ETN	0.00%	0.00%	44.30%	12.50%	20.41%	36.44%	2.88%
PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN	-4.36%	2.18%	4.77%	8.65%	-39.15%	7.52%	22.79%

Returns By Period

AMNA

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

PFFL

• 1D: 0.68%
• 1M: -7.39%
• YTD: -4.36%
• 6M: -7.76%
• 1Y: 0.89%
• 3Y*: 2.13%
• 5Y*: -6.10%
• 10Y*: —

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

AMNA vs. PFFL - Expense Ratio Comparison

AMNA has a 0.75% expense ratio, which is lower than PFFL's 0.85% expense ratio.

PFFL

ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN

AMNA

ETRACS Alerian Midstream Energy Index ETN

Return for Risk

AMNA vs. PFFL — Risk / Return Rank

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

PFFL

PFFL Risk / Return Rank: 13
PFFL Sharpe Ratio Rank: 13
PFFL Sortino Ratio Rank: 13
PFFL Omega Ratio Rank: 13
PFFL Calmar Ratio Rank: 12
PFFL Martin Ratio Rank: 12

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.

AMNA vs. PFFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy Index ETN (AMNA) and ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN (PFFL). 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.

Sharpe Ratios by Period

	AMNA	PFFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.05	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.08	—

Correlation

The correlation between AMNA and PFFL is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AMNA vs. PFFL - Dividend Comparison

AMNA has not paid dividends to shareholders, while PFFL's dividend yield for the trailing twelve months is around 13.68%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AMNA ETRACS Alerian Midstream Energy Index ETN	0.00%	0.00%	4.32%	5.61%	5.48%	5.84%	2.12%	0.00%	0.00%
PFFL ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN	13.68%	13.27%	13.76%	13.71%	13.90%	8.82%	9.75%	11.21%	2.02%

Drawdowns

Drawdown Indicators

	AMNA	PFFL	Difference
Max Drawdown Largest peak-to-trough decline	—	-80.68%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-48.51%	—
Current Drawdown Current decline from peak	—	-41.08%	—
Average Drawdown Average peak-to-trough decline	—	-28.32%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.74%	—

Volatility

Volatility by Period

	AMNA	PFFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	19.42%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.54%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	55.95%	—