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AMZA vs. HYG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


AMZAHYG
YTD Return19.75%7.37%
1Y Return19.05%12.73%
3Y Return (Ann)23.04%2.20%
5Y Return (Ann)9.34%3.37%
10Y Return (Ann)-3.62%3.76%
Sharpe Ratio1.132.82
Sortino Ratio1.614.48
Omega Ratio1.201.55
Calmar Ratio0.462.10
Martin Ratio5.2022.35
Ulcer Index4.05%0.62%
Daily Std Dev18.54%4.82%
Max Drawdown-91.46%-34.24%
Current Drawdown-32.93%-0.75%

Correlation

-0.50.00.51.00.4

The correlation between AMZA and HYG is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

AMZA vs. HYG - Performance Comparison

In the year-to-date period, AMZA achieves a 19.75% return, which is significantly higher than HYG's 7.37% return. Over the past 10 years, AMZA has underperformed HYG with an annualized return of -3.62%, while HYG has yielded a comparatively higher 3.76% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.34%
5.42%
AMZA
HYG

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AMZA vs. HYG - Expense Ratio Comparison

AMZA has a 2.01% expense ratio, which is higher than HYG's 0.49% expense ratio.


AMZA
InfraCap MLP ETF
Expense ratio chart for AMZA: current value at 2.01% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%2.01%
Expense ratio chart for HYG: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%

Risk-Adjusted Performance

AMZA vs. HYG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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
Sharpe ratio
The chart of Sharpe ratio for AMZA, currently valued at 1.13, compared to the broader market0.002.004.006.001.13
Sortino ratio
The chart of Sortino ratio for AMZA, currently valued at 1.61, compared to the broader market0.005.0010.001.61
Omega ratio
The chart of Omega ratio for AMZA, currently valued at 1.20, compared to the broader market1.001.502.002.503.001.20
Calmar ratio
The chart of Calmar ratio for AMZA, currently valued at 0.46, compared to the broader market0.005.0010.0015.0020.000.46
Martin ratio
The chart of Martin ratio for AMZA, currently valued at 5.20, compared to the broader market0.0020.0040.0060.0080.00100.00120.005.20
HYG
Sharpe ratio
The chart of Sharpe ratio for HYG, currently valued at 2.82, compared to the broader market0.002.004.006.002.82
Sortino ratio
The chart of Sortino ratio for HYG, currently valued at 4.48, compared to the broader market0.005.0010.004.48
Omega ratio
The chart of Omega ratio for HYG, currently valued at 1.55, compared to the broader market1.001.502.002.503.001.55
Calmar ratio
The chart of Calmar ratio for HYG, currently valued at 2.10, compared to the broader market0.005.0010.0015.0020.002.10
Martin ratio
The chart of Martin ratio for HYG, currently valued at 22.35, compared to the broader market0.0020.0040.0060.0080.00100.00120.0022.35

AMZA vs. HYG - Sharpe Ratio Comparison

The current AMZA Sharpe Ratio is 1.13, which is lower than the HYG Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of AMZA and HYG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
1.13
2.82
AMZA
HYG

Dividends

AMZA vs. HYG - Dividend Comparison

AMZA's dividend yield for the trailing twelve months is around 7.77%, more than HYG's 5.92% yield.


TTM20232022202120202019201820172016201520142013
AMZA
InfraCap MLP ETF
7.77%9.40%7.65%10.24%22.13%19.47%34.46%24.16%18.36%18.21%0.00%0.00%
HYG
iShares iBoxx $ High Yield Corporate Bond ETF
5.92%5.74%5.30%4.02%4.88%4.99%5.54%5.12%5.27%5.90%5.69%6.10%

Drawdowns

AMZA vs. HYG - Drawdown Comparison

The maximum AMZA drawdown since its inception was -91.46%, which is greater than HYG's maximum drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for AMZA and HYG. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-32.93%
-0.75%
AMZA
HYG

Volatility

AMZA vs. HYG - Volatility Comparison

InfraCap MLP ETF (AMZA) has a higher volatility of 4.06% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.05%. This indicates that AMZA's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.06%
1.05%
AMZA
HYG