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AMZA vs. FDVV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AMZA vs. FDVV

Last updated Jun 14, 2026

AMZA (InfraCap MLP ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - AMZA is a MLPs fund actively managed by Virtus Investment Partners, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. AMZA is actively managed, while FDVV is passively managed. Over the past 5 years, AMZA returned 17.67%/yr vs 13.53%/yr for FDVV. A 0.57 correlation means they provide meaningful diversification when combined. AMZA charges 2.01%/yr vs 0.29%/yr for FDVV.

Performance

AMZA vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in InfraCap MLP ETF (AMZA) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AMZA achieves a 21.82% return, which is significantly higher than FDVV's 9.30% return.

AMZA

1D
0.59%
1M
-3.43%
YTD
21.82%
6M
21.02%
1Y
15.58%
3Y*
22.25%
5Y*
17.67%
10Y*
5.17%

FDVV

1D
0.57%
1M
3.73%
YTD
9.30%
6M
9.44%
1Y
23.92%
3Y*
19.75%
5Y*
13.53%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZA vs. FDVV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AMZA
InfraCap MLP ETF		21.82%0.17%30.90%23.35%33.20%51.22%-49.25%6.27%-26.78%-6.90%
FDVV
Fidelity High Dividend ETF		9.30%17.08%21.81%18.00%-4.21%29.24%2.80%24.07%-1.26%14.00%

Correlation

The correlation between AMZA and FDVV is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.20

Correlation (3Y)
Calculated over the trailing 3-year period

0.42

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2016

0.57

Over the past year, the correlation between AMZA and FDVV has dropped to 0.20 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

AMZA vs. FDVV - Sectors Allocation Comparison

Sectors
AMZA
FDVV

Energy

99.8%

-

Utilities

0.2%
8.6%

Basic Materials

-

-

Communication Services

-

3.6%

Consumer Cyclical

-

13.6%

Consumer Defensive

-

10.7%

Financial Services

-

17.0%

Healthcare

-

3.0%

Industrials

-

3.0%

Real Estate

-

9.9%

Technology

-

30.5%

Energy

AMZA
99.8%
FDVV

-

Utilities

AMZA
0.2%
FDVV
8.6%

Basic Materials

AMZA

-

FDVV

-

Communication Services

AMZA

-

FDVV
3.6%

Consumer Cyclical

AMZA

-

FDVV
13.6%

Consumer Defensive

AMZA

-

FDVV
10.7%

Financial Services

AMZA

-

FDVV
17.0%

Healthcare

AMZA

-

FDVV
3.0%

Industrials

AMZA

-

FDVV
3.0%

Real Estate

AMZA

-

FDVV
9.9%

Technology

AMZA

-

FDVV
30.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

InfraCap MLP ETF

Fidelity High Dividend ETF

Often compared with AMZA:
AMZA vs. MLPBAMZA vs. ATMPAMZA vs. UMIAMZA vs. GCCAMZA vs. CDUAFAMZA vs. EMOAMZA vs. DIV
Often compared with FDVV:
FDVV vs. SCHDFDVV vs. VYMFDVV vs. VOOFDVV vs. SPYDFDVV vs. FDRRFDVV vs. DESFDVV vs. FGRIX

Return for Risk

AMZA vs. FDVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AMZA
AMZA Risk / Return Rank: 2828
Overall Rank
AMZA Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
AMZA Sortino Ratio Rank: 2727
Sortino Ratio Rank
AMZA Omega Ratio Rank: 2626
Omega Ratio Rank
AMZA Calmar Ratio Rank: 3030
Calmar Ratio Rank
AMZA Martin Ratio Rank: 2727
Martin Ratio Rank
FDVV
FDVV Risk / Return Rank: 7373
Overall Rank
FDVV Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FDVV Sortino Ratio Rank: 8282
Sortino Ratio Rank
FDVV Omega Ratio Rank: 8181
Omega Ratio Rank
FDVV Calmar Ratio Rank: 5656
Calmar Ratio Rank
FDVV Martin Ratio Rank: 6464
Martin Ratio Rank
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. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) and Fidelity High Dividend ETF (FDVV). 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.

AMZAFDVVDifference
Sharpe ratioReturn per unit of total volatility
0.89
2.24

-1.35

Sortino ratioReturn per unit of downside risk
1.33
3.14

-1.81

Omega ratioGain probability vs. loss probability

1.16

1.41

-0.26

Calmar ratioReturn relative to maximum drawdown

1.30

2.44

-1.14

Martin ratioReturn relative to average drawdown

3.23

10.11

-6.88

AMZA vs. FDVV - Sharpe Ratio Comparison

The current AMZA Sharpe Ratio is 0.89, which is lower than the FDVV Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of AMZA and FDVV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AMZA vs. FDVV - Drawdown Comparison

The maximum AMZA drawdown since its inception was -91.46%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for AMZA and FDVV.

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Drawdown Indicators

AMZAFDVVDifference

Max Drawdown

Largest peak-to-trough decline

-91.46%

-40.25%

-51.21%

Max Drawdown (1Y)

Largest decline over 1 year

-12.16%

-9.30%

-2.86%

Max Drawdown (3Y)

Largest decline over 3 years

-18.56%

-15.90%

-2.66%

Max Drawdown (5Y)

Largest decline over 5 years

-25.15%

-20.18%

-4.97%

Max Drawdown (10Y)

Largest decline over 10 years

-86.84%

—

—

Current Drawdown

Current decline from peak

-10.48%

-0.29%

-10.19%

Average Drawdown

Average peak-to-trough decline

-44.92%

-3.80%

-41.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.87%

2.24%

+2.63%

Volatility

AMZA vs. FDVV - Volatility Comparison

InfraCap MLP ETF (AMZA) has a higher volatility of 5.43% compared to Fidelity High Dividend ETF (FDVV) at 3.16%. This indicates that AMZA's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AMZAFDVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.43%

3.16%

+2.27%

Volatility (6M)

Calculated over the trailing 6-month period

13.60%

8.16%

+5.44%

Volatility (1Y)

Calculated over the trailing 1-year period

17.72%

10.12%

+7.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.84%

14.76%

+11.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.21%

16.98%

+20.23%

AMZA vs. FDVV - Expense Ratio Comparison

AMZA has a 2.01% expense ratio, which is higher than FDVV's 0.29% expense ratio.

Dividends

AMZA vs. FDVV - Dividend Comparison

AMZA's dividend yield for the trailing twelve months is around 8.05%, more than FDVV's 2.70% yield.

PositionTTM20252024202320222021202020192018201720162015
AMZA
InfraCap MLP ETF		8.05%8.81%7.29%9.40%7.65%10.24%22.13%19.47%34.46%24.16%18.36%18.21%
FDVV
Fidelity High Dividend ETF		2.70%2.89%2.94%3.77%3.44%2.70%3.19%3.93%4.05%3.66%1.04%0.00%

Frequently Asked Questions

AMZA and FDVV have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AMZA has higher volatility (5.43%) compared to FDVV (3.16%). In terms of maximum drawdown, AMZA dropped -91.46% vs FDVV's -40.25%.

On 5-year performance, AMZA leads with 17.67% vs 13.53% for FDVV. On fees, FDVV is cheaper at 0.29% per year. On volatility, FDVV has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, AMZA has performed better with a 17.67% return vs 13.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FDVV is cheaper with a 0.29% expense ratio, compared with 2.01% for AMZA.

AMZA has the higher dividend yield at 8.05%, compared with 2.70% for FDVV.

AMZA is categorized as MLPs, while FDVV is Large Cap Blend Equities. They also come from different issuers: Virtus Investment Partners and Fidelity. Their fees differ too: 2.01% for AMZA and 0.29% for FDVV.

FDVV currently has the higher Sharpe Ratio (2.24 vs 0.89), 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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