AMUB vs. AMZA
AMUB (ETRACS Alerian MLP Index ETN Class B) and AMZA (InfraCap MLP ETF) are both MLPs funds. AMUB is passively managed, while AMZA is actively managed. Over the past 10 years, AMUB returned 2.59%/yr vs 4.73%/yr for AMZA. A 0.75 correlation means they provide meaningful diversification when combined. AMUB charges 0.80%/yr vs 2.01%/yr for AMZA.
Performance
AMUB vs. AMZA - Performance Comparison
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Returns By Period
In the year-to-date period, AMUB achieves a 11.87% return, which is significantly lower than AMZA's 19.38% return. Over the past 10 years, AMUB has underperformed AMZA with an annualized return of 2.59%, while AMZA has yielded a comparatively higher 4.73% annualized return.
AMUB
- 1D
- -0.02%
- 1M
- -9.67%
- YTD
- 11.87%
- 6M
- 11.94%
- 1Y
- 10.22%
- 3Y*
- 14.71%
- 5Y*
- 11.11%
- 10Y*
- 2.59%
AMZA
- 1D
- -0.17%
- 1M
- -5.71%
- YTD
- 19.38%
- 6M
- 19.96%
- 1Y
- 13.76%
- 3Y*
- 21.59%
- 5Y*
- 18.45%
- 10Y*
- 4.73%
AMUB vs. AMZA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 11.87% | 2.05% | 15.68% | 16.89% | 21.91% | 28.83% | -36.47% | -1.78% | -19.25% | -13.07% |
AMZA InfraCap MLP ETF | 19.38% | 0.17% | 30.90% | 23.35% | 33.20% | 51.22% | -49.25% | 6.27% | -26.78% | -6.90% |
Correlation
The correlation between AMUB and AMZA is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.75 |
The correlation between AMUB and AMZA shifts across timeframes, from 0.75 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AMUB vs. AMZA — Risk / Return Rank
AMUB
AMZA
AMUB vs. AMZA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) and InfraCap MLP ETF (AMZA). 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.
| AMUB | AMZA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.14 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.14 | -0.17 |
| Martin ratioReturn relative to average drawdown | 2.64 | 2.79 | -0.15 |
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Drawdowns
AMUB vs. AMZA - Drawdown Comparison
The maximum AMUB drawdown since its inception was -79.46%, smaller than the maximum AMZA drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for AMUB and AMZA.
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Drawdown Indicators
| AMUB | AMZA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -91.46% | +12.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.69% | -12.16% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -18.56% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | -25.15% | +4.57% |
Max Drawdown (10Y)Largest decline over 10 years | -78.86% | -86.84% | +7.98% |
Current DrawdownCurrent decline from peak | -10.25% | -12.27% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -29.12% | -44.86% | +15.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 4.95% | -1.06% |
Volatility
AMUB vs. AMZA - Volatility Comparison
The current volatility for ETRACS Alerian MLP Index ETN Class B (AMUB) is 4.72%, while InfraCap MLP ETF (AMZA) has a volatility of 5.05%. This indicates that AMUB experiences smaller price fluctuations and is considered to be less risky than AMZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMUB | AMZA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 5.05% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 13.40% | -3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.75% | 17.75% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.11% | 25.64% | -5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.12% | 37.21% | -10.09% |
AMUB vs. AMZA - Expense Ratio Comparison
AMUB has a 0.80% expense ratio, which is lower than AMZA's 2.01% expense ratio.
Dividends
AMUB vs. AMZA - Dividend Comparison
AMUB has not paid dividends to shareholders, while AMZA's dividend yield for the trailing twelve months is around 8.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMZA InfraCap MLP ETF | 8.38% | 8.81% | 7.29% | 9.40% | 7.65% | 10.24% | 22.13% | 19.47% | 34.46% | 24.16% | 18.36% | 18.21% |
Frequently Asked Questions
AMUB and AMZA have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZA has higher volatility (5.05%) compared to AMUB (4.72%). In terms of maximum drawdown, AMUB dropped -79.46% vs AMZA's -91.46%.
On 10-year performance, AMZA leads with 4.73% vs 2.59% for AMUB. On fees, AMUB is cheaper at 0.80% per year. On volatility, AMUB has been the lower-risk option at 4.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AMZA has performed better with a 4.73% return vs 2.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AMUB is cheaper with a 0.80% expense ratio, compared with 2.01% for AMZA.
AMZA has the higher dividend yield at 8.38%, compared with 0.00% for AMUB.
They also come from different issuers: UBS and Virtus Investment Partners. Their fees differ too: 0.80% for AMUB and 2.01% for AMZA.
AMZA currently has the higher Sharpe Ratio (0.78 vs 0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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