AMZA vs. AMJ

Last updated Apr 1, 2026

Compare and contrast key facts about InfraCap MLP ETF (AMZA) and J.P. Morgan Alerian MLP Index ETN (AMJ).

AMZA and AMJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZA is an actively managed fund by Virtus Investment Partners. It was launched on Oct 7, 2014. AMJ is a passively managed fund by JPMorgan that tracks the performance of the Alerian MLP Index. It was launched on Apr 2, 2009.

Performance

AMZA vs. AMJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in InfraCap MLP ETF (AMZA) and J.P. Morgan Alerian MLP Index ETN (AMJ). The values are adjusted to include any dividend payments, if applicable.

AMZA vs. AMJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMZA InfraCap MLP ETF	19.38%	0.17%	30.90%	23.35%	33.20%	51.22%	-49.25%	6.27%	-26.78%	-6.90%
AMJ J.P. Morgan Alerian MLP Index ETN	0.00%	0.00%	13.32%	25.06%	30.08%	37.93%	-29.43%	5.67%	-12.84%	-7.21%

Returns By Period

AMZA

• 1D: -1.45%
• 1M: 2.49%
• YTD: 19.38%
• 6M: 20.02%
• 1Y: 5.74%
• 3Y*: 22.86%
• 5Y*: 23.82%
• 10Y*: 7.88%

AMJ

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

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

AMZA vs. AMJ - Expense Ratio Comparison

AMZA has a 2.01% expense ratio, which is higher than AMJ's 0.85% expense ratio.

AMZA

InfraCap MLP ETF

AMJ

J.P. Morgan Alerian MLP Index ETN

Return for Risk

AMZA vs. AMJ — Risk / Return Rank

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

AMZA

AMZA Risk / Return Rank: 19
AMZA Sharpe Ratio Rank: 20
AMZA Sortino Ratio Rank: 19
AMZA Omega Ratio Rank: 19
AMZA Calmar Ratio Rank: 19
AMZA Martin Ratio Rank: 16

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.

AMZA vs. AMJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) and J.P. Morgan Alerian MLP Index ETN (AMJ). 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.

	AMZA	AMJ	Difference
Sharpe ratio Return per unit of total volatility	0.25	—	—
Sortino ratio Return per unit of downside risk	0.47	—	—
Omega ratio Gain probability vs. loss probability	1.07	—	—
Calmar ratio Return relative to maximum drawdown	0.30	—	—
Martin ratio Return relative to average drawdown	0.55	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AMZA	AMJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	—	—

Correlation

The correlation between AMZA and AMJ is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AMZA vs. AMJ - Dividend Comparison

AMZA's dividend yield for the trailing twelve months is around 7.88%, while AMJ has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMZA InfraCap MLP ETF	7.88%	8.81%	7.29%	9.40%	7.65%	10.24%	22.13%	19.47%	34.46%	24.16%	18.36%	18.21%
AMJ J.P. Morgan Alerian MLP Index ETN	0.00%	0.00%	1.49%	6.54%	6.33%	7.31%	10.87%	8.30%	8.38%	6.96%	6.57%	7.93%

Drawdowns

Drawdown Indicators

	AMZA	AMJ	Difference
Max Drawdown Largest peak-to-trough decline	-91.46%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-86.84%	—	—
Current Drawdown Current decline from peak	-12.28%	—	—
Average Drawdown Average peak-to-trough decline	-45.54%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	9.91%	—	—

Volatility

Volatility by Period

	AMZA	AMJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.23%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.96%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.45%	—	—