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AMZA vs. MLPB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AMZA vs. MLPB

Last updated Jun 3, 2026

AMZA (InfraCap MLP ETF) and MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B) are both MLPs funds. AMZA is actively managed, while MLPB is passively managed. Over the past 10 years, AMZA returned 4.82%/yr vs 10.21%/yr for MLPB. A 0.76 correlation means they provide meaningful diversification when combined. AMZA charges 2.01%/yr vs 0.85%/yr for MLPB.

Performance

AMZA vs. MLPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in InfraCap MLP ETF (AMZA) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB). 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 21.75% return, which is significantly higher than MLPB's 19.79% return. Over the past 10 years, AMZA has underperformed MLPB with an annualized return of 4.82%, while MLPB has yielded a comparatively higher 10.21% annualized return.

AMZA

1D
1.05%
1M
-0.40%
YTD
21.75%
6M
21.36%
1Y
19.39%
3Y*
21.86%
5Y*
19.46%
10Y*
4.82%

MLPB

1D
1.09%
1M
0.21%
YTD
19.79%
6M
19.70%
1Y
22.49%
3Y*
22.24%
5Y*
19.55%
10Y*
10.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZA vs. MLPB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AMZA
InfraCap MLP ETF		21.75%0.17%30.90%23.35%33.20%51.22%-49.25%6.27%-26.78%-6.90%
MLPB
ETRACS Alerian MLP Infrastructure Index ETN Series B		19.79%7.40%25.53%22.01%30.22%39.42%-30.80%5.69%-8.79%-9.71%

Correlation

The correlation between AMZA and MLPB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.87

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

0.89

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

0.93

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2015

0.76

The correlation between AMZA and MLPB shifts across timeframes, from 0.76 (all time) to 0.93 (5 years), reflecting how their relationship changes across market environments.

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

ETRACS Alerian MLP Infrastructure Index ETN Series B

Often compared with AMZA:
AMZA vs. ATMPAMZA vs. UMIAMZA vs. GCCAMZA vs. CDUAFAMZA vs. EMOAMZA vs. DIVAMZA vs. DGRO
Often compared with MLPB:
MLPB vs. MLPRMLPB vs. AMLPMLPB vs. MLPXMLPB vs. VOOMLPB vs. ATMPMLPB vs. VCLNMLPB vs. MPLX

Return for Risk

AMZA vs. MLPB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AMZA
AMZA Risk / Return Rank: 3030
Overall Rank
AMZA Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
AMZA Sortino Ratio Rank: 3030
Sortino Ratio Rank
AMZA Omega Ratio Rank: 2828
Omega Ratio Rank
AMZA Calmar Ratio Rank: 3434
Calmar Ratio Rank
AMZA Martin Ratio Rank: 2929
Martin Ratio Rank
MLPB
MLPB Risk / Return Rank: 4646
Overall Rank
MLPB Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
MLPB Sortino Ratio Rank: 4747
Sortino Ratio Rank
MLPB Omega Ratio Rank: 4444
Omega Ratio Rank
MLPB Calmar Ratio Rank: 4848
Calmar Ratio Rank
MLPB Martin Ratio Rank: 4545
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. MLPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB). 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.

AMZAMLPBDifference

Sharpe ratio

Return per unit of total volatility

1.10

1.67

-0.57

Sortino ratio

Return per unit of downside risk

1.61

2.33

-0.72

Omega ratio

Gain probability vs. loss probability

1.19

1.28

-0.10

Calmar ratio

Return relative to maximum drawdown

1.71

2.43

-0.72

Martin ratio

Return relative to average drawdown

4.33

7.55

-3.21

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. MLPB - Sharpe Ratio Comparison

The current AMZA Sharpe Ratio is 1.10, which is lower than the MLPB Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of AMZA and MLPB, 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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Sharpe Ratios by Period

AMZAMLPBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.10

1.67

-0.57

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.98

-0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.13

0.37

-0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.02

0.24

-0.26

Drawdowns

AMZA vs. MLPB - Drawdown Comparison

The maximum AMZA drawdown since its inception was -91.46%, which is greater than MLPB's maximum drawdown of -71.93%. Use the drawdown chart below to compare losses from any high point for AMZA and MLPB.

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Drawdown Indicators

AMZAMLPBDifference

Max Drawdown

Largest peak-to-trough decline

-91.46%

-71.93%

-19.53%

Max Drawdown (1Y)

Largest decline over 1 year

-12.16%

-9.68%

-2.48%

Max Drawdown (3Y)

Largest decline over 3 years

-18.56%

-16.49%

-2.07%

Max Drawdown (5Y)

Largest decline over 5 years

-25.15%

-20.41%

-4.74%

Max Drawdown (10Y)

Largest decline over 10 years

-86.84%

-71.93%

-14.91%

Current Drawdown

Current decline from peak

-10.54%

-4.64%

-5.90%

Average Drawdown

Average peak-to-trough decline

-45.03%

-14.83%

-30.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.81%

3.12%

+1.69%

Volatility

AMZA vs. MLPB - Volatility Comparison

InfraCap MLP ETF (AMZA) has a higher volatility of 5.86% compared to ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) at 5.43%. This indicates that AMZA's price experiences larger fluctuations and is considered to be riskier than MLPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AMZAMLPBDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.86%

5.43%

+0.43%

Volatility (6M)

Calculated over the trailing 6-month period

13.40%

10.05%

+3.35%

Volatility (1Y)

Calculated over the trailing 1-year period

17.75%

13.53%

+4.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.84%

20.03%

+5.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.26%

28.11%

+9.15%

AMZA vs. MLPB - Expense Ratio Comparison

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

Dividends

AMZA vs. MLPB - Dividend Comparison

AMZA's dividend yield for the trailing twelve months is around 8.05%, more than MLPB's 5.85% 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%
MLPB
ETRACS Alerian MLP Infrastructure Index ETN Series B		5.85%6.51%5.95%6.37%6.00%6.98%11.93%7.98%8.11%7.23%6.85%0.00%

Frequently Asked Questions

AMZA and MLPB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AMZA has higher volatility (5.86%) compared to MLPB (5.43%). In terms of maximum drawdown, AMZA dropped -91.46% vs MLPB's -71.93%.

On 10-year performance, MLPB leads with 10.21% vs 4.82% for AMZA. On fees, MLPB is cheaper at 0.85% per year. On volatility, MLPB has been the lower-risk option at 5.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, MLPB has performed better with a 10.21% return vs 4.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

MLPB is cheaper with a 0.85% expense ratio, compared with 2.01% for AMZA.

AMZA has the higher dividend yield at 8.05%, compared with 5.85% for MLPB.

They also come from different issuers: Virtus Investment Partners and UBS. Their fees differ too: 2.01% for AMZA and 0.85% for MLPB.

MLPB currently has the higher Sharpe Ratio (1.67 vs 1.10), 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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