AMZA vs. MLPB
Compare and contrast key facts about InfraCap MLP ETF (AMZA) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB).
AMZA and MLPB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZA is an actively managed fund by Virtus Investment Partners. It was launched on Oct 7, 2014. MLPB is a passively managed fund by UBS that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Oct 8, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZA or MLPB.
Correlation
The correlation between AMZA and MLPB is 0.46, 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. MLPB - Performance Comparison
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Key characteristics
AMZA:
0.73
MLPB:
0.86
AMZA:
1.02
MLPB:
1.17
AMZA:
1.14
MLPB:
1.16
AMZA:
0.48
MLPB:
1.03
AMZA:
2.97
MLPB:
3.67
AMZA:
6.04%
MLPB:
4.63%
AMZA:
25.72%
MLPB:
20.77%
AMZA:
-91.46%
MLPB:
-69.03%
AMZA:
-23.03%
MLPB:
-5.14%
Returns By Period
In the year-to-date period, AMZA achieves a 5.00% return, which is significantly lower than MLPB's 7.48% return.
AMZA
5.00%
3.23%
6.07%
17.41%
30.61%
-1.94%
MLPB
7.48%
3.51%
8.44%
16.64%
26.33%
N/A
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AMZA vs. MLPB - Expense Ratio Comparison
AMZA has a 2.01% expense ratio, which is higher than MLPB's 0.85% expense ratio.
Risk-Adjusted Performance
AMZA vs. MLPB — Risk-Adjusted Performance Rank
AMZA
MLPB
AMZA vs. MLPB - Risk-Adjusted Performance 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.
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Dividends
AMZA vs. MLPB - Dividend Comparison
AMZA's dividend yield for the trailing twelve months is around 7.40%, more than MLPB's 6.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
AMZA InfraCap MLP ETF | 7.40% | 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 | 6.03% | 5.95% | 6.37% | 6.00% | 6.98% | 11.93% | 7.97% | 8.10% | 0.00% | 0.00% | 0.00% |
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 -69.03%. Use the drawdown chart below to compare losses from any high point for AMZA and MLPB. For additional features, visit the drawdowns tool.
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Volatility
AMZA vs. MLPB - Volatility Comparison
InfraCap MLP ETF (AMZA) has a higher volatility of 9.22% compared to ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) at 6.95%. 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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