AMNA vs. PFFL

Last updated Jun 4, 2026

AMNA (ETRACS Alerian Midstream Energy Index ETN) and PFFL (ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN) are both exchange-traded funds - AMNA is a MLPs fund tracking the Alerian Midstream Energy Select Index, while PFFL is a Preferred Stock/Convertible Bonds fund tracking the Solactive Preferred Stock ETF Index. Both are passively managed. At a 0.30 correlation, their price movements are largely independent. AMNA charges 0.75%/yr vs 0.85%/yr for PFFL.

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 Monthly Pay 2xLeveraged Preferred Stock ETN (PFFL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AMNA

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

PFFL

• 1D: -0.99%
• 1M: -1.06%
• YTD: 0.10%
• 6M: 0.21%
• 1Y: 8.48%
• 3Y*: 3.14%
• 5Y*: -5.89%
• 10Y*: —

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

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 Monthly Pay 2xLeveraged Preferred Stock ETN	0.10%	2.18%	4.77%	8.65%	-39.15%	7.52%	22.79%

Correlation

The correlation between AMNA and PFFL is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jun 23, 2020	0.30

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: 17
PFFL Sharpe Ratio Rank: 17
PFFL Sortino Ratio Rank: 16
PFFL Omega Ratio Rank: 17
PFFL Calmar Ratio Rank: 18
PFFL Martin Ratio Rank: 17

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 Monthly Pay 2xLeveraged Preferred Stock 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	—	0.50	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.07	—

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 (3Y) Largest decline over 3 years	—	-23.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-48.51%	—
Current Drawdown Current decline from peak	—	-38.34%	—
Average Drawdown Average peak-to-trough decline	—	-28.54%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.84%	—

Volatility

Volatility by Period

	AMNA	PFFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.91%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.62%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	55.35%	—

AMNA vs. PFFL - Expense Ratio Comparison

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

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 12.44%.

Position	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 Monthly Pay 2xLeveraged Preferred Stock ETN	12.44%	13.27%	13.76%	13.71%	13.90%	8.82%	9.75%	11.21%	2.02%

Frequently Asked Questions

Can I hold both AMNA and PFFL in my portfolio?

AMNA and PFFL have a correlation of 0.30, 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 PFFL?

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 PFFL?

AMNA is cheaper with a 0.75% expense ratio, compared with 0.85% for PFFL.

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

PFFL has the higher dividend yield at 12.44%, compared with 0.00% for AMNA.

What is the main difference between AMNA and PFFL?

AMNA is categorized as MLPs, while PFFL is Preferred Stock/Convertible Bonds. AMNA tracks Alerian Midstream Energy Select Index, while PFFL tracks Solactive Preferred Stock ETF Index. Their fees differ too: 0.75% for AMNA and 0.85% for PFFL.