AMZA vs. AMNA

Last updated Jun 4, 2026

AMZA (InfraCap MLP ETF) and AMNA (ETRACS Alerian Midstream Energy Index ETN) are both MLPs funds. AMZA is actively managed, while AMNA is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. AMZA charges 2.01%/yr vs 0.75%/yr for AMNA.

Performance

AMZA vs. AMNA - Performance Comparison

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

Returns By Period

AMZA

• 1D: 0.39%
• 1M: -0.92%
• YTD: 22.22%
• 6M: 20.41%
• 1Y: 17.55%
• 3Y*: 22.02%
• 5Y*: 19.41%
• 10Y*: 4.86%

AMNA

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

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

AMZA vs. AMNA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AMZA InfraCap MLP ETF	22.22%	0.17%	30.90%	23.35%	33.20%	51.22%	-0.36%
AMNA ETRACS Alerian Midstream Energy Index ETN	0.00%	0.00%	44.30%	12.50%	20.41%	36.44%	2.88%

Correlation

The correlation between AMZA and AMNA is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jun 23, 2020	0.76

The correlation between AMZA and AMNA shifts across timeframes, from 0.49 (3 years) to 0.76 (all time), reflecting how their relationship changes across market environments.

AMZA vs. AMNA - Sectors Allocation Comparison

Sectors	AMZA	AMNA
Energy	99.8%	0.0%
Utilities	0.2%	0.0%
Basic Materials	-	0.0%
Communication Services	-	0.0%
Consumer Cyclical	-	0.0%
Consumer Defensive	-	0.0%
Financial Services	-	0.0%
Healthcare	-	0.0%
Industrials	-	0.0%
Real Estate	-	0.0%
Technology	-	0.0%

Return for Risk

AMZA vs. AMNA — Risk / Return Rank

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

AMZA

AMZA Risk / Return Rank: 27
AMZA Sharpe Ratio Rank: 27
AMZA Sortino Ratio Rank: 27
AMZA Omega Ratio Rank: 25
AMZA Calmar Ratio Rank: 29
AMZA Martin Ratio Rank: 26

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. AMNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) and ETRACS Alerian Midstream Energy Index ETN (AMNA). 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	AMNA	Difference
Sharpe ratio Return per unit of total volatility	1.00	—	—
Sortino ratio Return per unit of downside risk	1.48	—	—
Omega ratio Gain probability vs. loss probability	1.17	—	—
Calmar ratio Return relative to maximum drawdown	1.45	—	—
Martin ratio Return relative to average drawdown	3.65	—	—
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	AMNA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	—	—

Drawdowns

Drawdown Indicators

	AMZA	AMNA	Difference
Max Drawdown Largest peak-to-trough decline	-91.46%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.56%	—	—
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	-10.19%	—	—
Average Drawdown Average peak-to-trough decline	-45.02%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	—	—

Volatility

Volatility by Period

	AMZA	AMNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.84%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.25%	—	—

AMZA vs. AMNA - Expense Ratio Comparison

AMZA has a 2.01% expense ratio, which is higher than AMNA's 0.75% expense ratio.

Dividends

AMZA vs. AMNA - Dividend Comparison

AMZA's dividend yield for the trailing twelve months is around 8.02%, while AMNA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
AMZA InfraCap MLP ETF	8.02%	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

Can I hold both AMZA and AMNA in my portfolio?

AMZA and AMNA have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMZA or AMNA?

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, AMZA or AMNA?

AMNA is cheaper with a 0.75% expense ratio, compared with 2.01% for AMZA.

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

AMZA has the higher dividend yield at 8.02%, compared with 0.00% for AMNA.

What is the main difference between AMZA and AMNA?

They also come from different issuers: Virtus Investment Partners and UBS. Their fees differ too: 2.01% for AMZA and 0.75% for AMNA.