AMZA vs. NFLT
AMZA (InfraCap MLP ETF) and NFLT (Virtus Newfleet Multi-Sector Bond ETF) are both exchange-traded funds - AMZA is a MLPs fund actively managed by Virtus, while NFLT is a Multisector Bonds fund actively managed by Virtus. Both are actively managed. Over the past 10 years, AMZA returned 5.46%/yr vs 3.83%/yr for NFLT. Their 0.07 correlation means their historical movements had little consistent relationship. AMZA charges 2.01%/yr vs 0.50%/yr for NFLT.
Performance
AMZA vs. NFLT - 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 NFLT's 1.48% return. Over the past 10 years, AMZA has outperformed NFLT with an annualized return of 5.46%, while NFLT has yielded a comparatively lower 3.83% annualized 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%
NFLT
- 1D
- 0.00%
- 1M
- -0.58%
- 6M
- 0.73%
- YTD
- 1.48%
- 1Y
- 4.92%
- 3Y*
- 6.96%
- 5Y*
- 2.99%
- 10Y*
- 3.83%
- ALL TIME*
- 4.02%
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 |
| $2.33M | $1.94M | $2.09M |
AMZA vs. NFLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMZA InfraCap MLP ETF | 30.46% | 0.17% | 30.90% | 23.35% | 33.20% | 51.22% | -49.25% | 6.27% | -26.78% | -6.90% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 1.48% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 10.13% | -2.68% | 6.30% |
Correlation
The correlation between AMZA and NFLT is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2015 | 0.07 |
The correlation between AMZA and NFLT shifts across timeframes, from -0.13 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AMZA vs. NFLT — Risk / Return Rank
AMZA
NFLT
AMZA vs. NFLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) and Virtus Newfleet Multi-Sector Bond ETF (NFLT). 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 | NFLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.22 | -0.37 |
| Martin ratioReturn relative to average drawdown | 4.51 | 9.06 | -4.55 |
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Drawdowns
AMZA vs. NFLT - Drawdown Comparison
The maximum AMZA drawdown since its inception was -91.46%, which is greater than NFLT's maximum drawdown of -15.17%. Use the drawdown chart below to compare losses from any high point for AMZA and NFLT.
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Drawdown Indicators
| AMZA | NFLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.46% | -15.17% | -76.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -2.42% | -9.42% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -3.15% | -15.41% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | -13.42% | -11.73% |
Max Drawdown (10Y)Largest decline over 10 years | -86.84% | -15.17% | -71.67% |
Current DrawdownCurrent decline from peak | -4.13% | -0.92% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -44.51% | -2.08% | -42.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 0.59% | +4.43% |
Volatility
AMZA vs. NFLT - Volatility Comparison
InfraCap MLP ETF (AMZA) has a higher volatility of 5.43% compared to Virtus Newfleet Multi-Sector Bond ETF (NFLT) at 0.97%. This indicates that AMZA's price experiences larger fluctuations and is considered to be riskier than NFLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZA | NFLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 0.97% | +4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 3.19% | +10.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 4.06% | +14.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.27% | 4.49% | +20.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.14% | 4.92% | +32.22% |
AMZA vs. NFLT - Expense Ratio Comparison
AMZA has a 2.01% expense ratio, which is higher than NFLT's 0.50% expense ratio.
Dividends
AMZA vs. NFLT - Dividend Comparison
AMZA's dividend yield for the trailing twelve months is around 7.83%, more than NFLT's 5.48% 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% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.48% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
Frequently Asked Questions
AMZA and NFLT have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZA has higher volatility (5.43%) compared to NFLT (0.97%). In terms of maximum drawdown, AMZA dropped -91.46% vs NFLT's -15.17%.
On 10-year performance, AMZA leads with 5.46% vs 3.83% for NFLT. On fees, NFLT is cheaper at 0.50% per year. On volatility, NFLT has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AMZA has performed better with a 5.46% return vs 3.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFLT is cheaper with a 0.50% expense ratio, compared with 2.01% for AMZA.
AMZA has the higher dividend yield at 7.83%, compared with 5.48% for NFLT.
AMZA is categorized as MLPs, while NFLT is Multisector Bonds. Their fees differ too: 2.01% for AMZA and 0.50% for NFLT.
NFLT currently has the higher Sharpe Ratio (1.32 vs 1.20), 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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