AMTR vs. FBGX

Last updated Jun 4, 2026

AMTR (ETRACS Alerian Midstream Energy Total Return Index ETN) and FBGX (UBS AG FI Enhanced Large Cap Growth ETN) are both exchange-traded funds - AMTR is a MLPs fund tracking the Alerian Midstream Energy Index, while FBGX is a Leveraged Equities fund tracking the Russell 1000 Growth Index (200%). Both are passively managed. At a 0.31 correlation, their price movements are largely independent. AMTR charges 0.75%/yr vs 1.29%/yr for FBGX.

Performance

AMTR vs. FBGX - Performance Comparison

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

Returns By Period

AMTR

• 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)

AMTR vs. FBGX - Yearly Performance Comparison

	2024	2023	2022	2021	2020
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	44.68%	12.75%	20.41%	36.99%	15.24%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	35.73%	83.74%	-56.41%	57.04%	16.94%

Correlation

The correlation between AMTR 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 Oct 22, 2020	0.31

Over the past year, the correlation between AMTR and FBGX has dropped to 0.10 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

AMTR vs. FBGX - Sectors Allocation Comparison

Sectors	AMTR	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

AMTR vs. FBGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR) 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

AMTR vs. FBGX - Expense Ratio Comparison

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

Dividends

AMTR vs. FBGX - Dividend Comparison

Neither AMTR nor FBGX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AMTR and FBGX in my portfolio?

AMTR 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, AMTR or FBGX?

On fees, AMTR 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, AMTR or FBGX?

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

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

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

What is the main difference between AMTR and FBGX?

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