AMZA vs. HMSIX

Last updated Apr 1, 2026

Compare and contrast key facts about InfraCap MLP ETF (AMZA) and Hennessy Midstream Fund (HMSIX).

AMZA is an actively managed fund by Virtus Investment Partners. It was launched on Oct 7, 2014. HMSIX is managed by Hennessy. It was launched on Dec 30, 2013.

Performance

AMZA vs. HMSIX - Performance Comparison

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

AMZA vs. HMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
AMZA InfraCap MLP ETF	19.38%	0.17%	30.90%	23.35%	33.20%	51.22%	-49.25%	6.27%	-31.41%
HMSIX Hennessy Midstream Fund	17.65%	-0.49%	36.21%	23.75%	29.15%	36.58%	-31.00%	11.97%	-20.24%

Returns By Period

In the year-to-date period, AMZA achieves a 19.38% return, which is significantly higher than HMSIX's 17.65% return.

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%

HMSIX

• 1D: -0.63%
• 1M: 4.11%
• YTD: 17.65%
• 6M: 18.55%
• 1Y: 8.36%
• 3Y*: 24.54%
• 5Y*: 24.09%
• 10Y*: —

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

AMZA vs. HMSIX - Expense Ratio Comparison

AMZA has a 2.01% expense ratio, which is higher than HMSIX's 1.51% expense ratio.

AMZA

InfraCap MLP ETF

HMSIX

Hennessy Midstream Fund

Return for Risk

AMZA vs. HMSIX — 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

HMSIX

HMSIX Risk / Return Rank: 16
HMSIX Sharpe Ratio Rank: 17
HMSIX Sortino Ratio Rank: 15
HMSIX Omega Ratio Rank: 16
HMSIX Calmar Ratio Rank: 19
HMSIX Martin Ratio Rank: 12

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. HMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) and Hennessy Midstream Fund (HMSIX). 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	HMSIX	Difference
Sharpe ratio Return per unit of total volatility	0.25	0.44	-0.19
Sortino ratio Return per unit of downside risk	0.47	0.67	-0.20
Omega ratio Gain probability vs. loss probability	1.07	1.10	-0.03
Calmar ratio Return relative to maximum drawdown	0.30	0.56	-0.25
Martin ratio Return relative to average drawdown	0.55	0.94	-0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMZA vs. HMSIX - Sharpe Ratio Comparison

The current AMZA Sharpe Ratio is 0.25, which is lower than the HMSIX Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of AMZA and HMSIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AMZA	HMSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	0.44	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	1.19	-0.27
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	0.37	-0.40

Correlation

The correlation between AMZA and HMSIX is 0.91, 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. HMSIX - Dividend Comparison

AMZA's dividend yield for the trailing twelve months is around 7.88%, more than HMSIX's 7.29% yield.

	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%
HMSIX Hennessy Midstream Fund	7.29%	8.42%	7.74%	9.70%	10.84%	12.61%	15.17%	9.10%	4.67%	0.00%	0.00%	0.00%

Drawdowns

AMZA vs. HMSIX - Drawdown Comparison

The maximum AMZA drawdown since its inception was -91.46%, which is greater than HMSIX's maximum drawdown of -68.43%. Use the drawdown chart below to compare losses from any high point for AMZA and HMSIX.

Drawdown Indicators

	AMZA	HMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-91.46%	-68.43%	-23.03%
Max Drawdown (1Y) Largest decline over 1 year	-17.90%	-15.22%	-2.68%
Max Drawdown (5Y) Largest decline over 5 years	-25.15%	-21.17%	-3.98%
Max Drawdown (10Y) Largest decline over 10 years	-86.84%	—	—
Current Drawdown Current decline from peak	-12.28%	-0.91%	-11.37%
Average Drawdown Average peak-to-trough decline	-45.54%	-12.47%	-33.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.91%	9.07%	+0.84%

Volatility

AMZA vs. HMSIX - Volatility Comparison

InfraCap MLP ETF (AMZA) has a higher volatility of 5.70% compared to Hennessy Midstream Fund (HMSIX) at 4.23%. This indicates that AMZA's price experiences larger fluctuations and is considered to be riskier than HMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMZA	HMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	4.23%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	12.41%	10.22%	+2.19%
Volatility (1Y) Calculated over the trailing 1-year period	23.23%	19.24%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.96%	20.26%	+5.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.45%	29.62%	+7.83%