AMZA vs. MLPI
AMZA (InfraCap MLP ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - AMZA is a MLPs fund actively managed by Virtus, while MLPI is a Infrastructure Equities fund actively managed by Neos. Both are actively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. AMZA charges 2.01%/yr vs 0.68%/yr for MLPI.
Performance
AMZA vs. MLPI - Performance Comparison
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Returns By Period
In the year-to-date period, AMZA achieves a 30.46% return, which is significantly higher than MLPI's 18.15% return.
AMZA
- 1D
- 0.65%
- 1M
- 5.94%
- 6M
- 21.61%
- YTD
- 30.46%
- 1Y
- 23.26%
- 3Y*
- 22.79%
- 5Y*
- 22.88%
- 10Y*
- 5.46%
- ALL TIME*
- -0.35%
MLPI
- 1D
- -0.07%
- 1M
- -0.05%
- 6M
- 11.52%
- YTD
- 18.15%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMZA InfraCap MLP ETF | $1.66M | $1.65M | $1.75M |
| $23.44M | $21.53M | $19.40M |
AMZA vs. MLPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMZA InfraCap MLP ETF | 30.46% | -0.17% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 18.15% | 0.36% |
Correlation
The correlation between AMZA and MLPI is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.69 |
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Return for Risk
AMZA vs. MLPI — Risk / Return Rank
AMZA
MLPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AMZA vs. MLPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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.
| AMZA | MLPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | — | — |
| Martin ratioReturn relative to average drawdown | 4.51 | — | — |
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Drawdowns
AMZA vs. MLPI - Drawdown Comparison
The maximum AMZA drawdown since its inception was -91.46%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for AMZA and MLPI.
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Drawdown Indicators
| AMZA | MLPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.46% | -5.38% | -86.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.84% | — | — |
Current DrawdownCurrent decline from peak | -4.13% | -3.36% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -44.51% | -1.63% | -42.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | — | — |
Volatility
AMZA vs. MLPI - Volatility Comparison
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Volatility by Period
| AMZA | MLPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 13.31% | +4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.27% | 13.31% | +11.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.14% | 13.31% | +23.83% |
AMZA vs. MLPI - Expense Ratio Comparison
AMZA has a 2.01% expense ratio, which is higher than MLPI's 0.68% expense ratio.
Dividends
AMZA vs. MLPI - Dividend Comparison
AMZA's dividend yield for the trailing twelve months is around 7.83%, less than MLPI's 8.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZA InfraCap MLP ETF | 7.83% | 8.81% | 7.29% | 9.40% | 7.65% | 10.24% | 22.13% | 19.47% | 34.46% | 24.16% | 18.36% | 18.21% |
MLPI NEOS MLP & Energy Infrastructure High Income ETF | 8.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AMZA and MLPI have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MLPI is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPI is cheaper with a 0.68% expense ratio, compared with 2.01% for AMZA.
MLPI has the higher dividend yield at 8.63%, compared with 7.83% for AMZA.
AMZA is categorized as MLPs, while MLPI is Infrastructure Equities. They also come from different issuers: Virtus and Neos. Their fees differ too: 2.01% for AMZA and 0.68% for MLPI.
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