AMZA vs. PFFA
AMZA (InfraCap MLP ETF) and PFFA (Virtus InfraCap U.S. Preferred Stock ETF) are both exchange-traded funds - AMZA is a MLPs fund actively managed by Virtus, while PFFA is a Preferred Stock fund actively managed by Virtus. Both are actively managed. Over the past 5 years, AMZA returned 22.88%/yr vs 5.57%/yr for PFFA. Their 0.37 correlation means their historical movements had little consistent relationship. AMZA charges 2.01%/yr vs 1.47%/yr for PFFA.
Performance
AMZA vs. PFFA - 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 PFFA's 1.20% 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%
PFFA
- 1D
- 0.44%
- 1M
- -0.04%
- 6M
- -0.75%
- YTD
- 1.20%
- 1Y
- 6.02%
- 3Y*
- 11.42%
- 5Y*
- 5.57%
- 10Y*
- —
- ALL TIME*
- 7.21%
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 |
| $15.74M | $17.23M | $20.45M |
AMZA vs. PFFA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AMZA InfraCap MLP ETF | 30.46% | 0.17% | 30.90% | 23.35% | 33.20% | 51.22% | -49.25% | 6.27% | -24.80% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 1.20% | 8.22% | 16.11% | 26.45% | -20.91% | 23.53% | -7.87% | 31.99% | -7.29% |
Correlation
The correlation between AMZA and PFFA is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.37 |
Over the past year, the correlation between AMZA and PFFA has dropped to 0.01 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
AMZA vs. PFFA — Risk / Return Rank
AMZA
PFFA
AMZA vs. PFFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) and Virtus InfraCap U.S. Preferred Stock ETF (PFFA). 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 | PFFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 0.89 | +0.96 |
| Martin ratioReturn relative to average drawdown | 4.51 | 2.56 | +1.96 |
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Drawdowns
AMZA vs. PFFA - Drawdown Comparison
The maximum AMZA drawdown since its inception was -91.46%, which is greater than PFFA's maximum drawdown of -70.52%. Use the drawdown chart below to compare losses from any high point for AMZA and PFFA.
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Drawdown Indicators
| AMZA | PFFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.46% | -70.52% | -20.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -6.49% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -12.15% | -6.41% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | -22.70% | -2.45% |
Max Drawdown (10Y)Largest decline over 10 years | -86.84% | — | — |
Current DrawdownCurrent decline from peak | -4.13% | -3.29% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -44.51% | -6.57% | -37.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 2.25% | +2.77% |
Volatility
AMZA vs. PFFA - Volatility Comparison
InfraCap MLP ETF (AMZA) has a higher volatility of 5.43% compared to Virtus InfraCap U.S. Preferred Stock ETF (PFFA) at 2.32%. This indicates that AMZA's price experiences larger fluctuations and is considered to be riskier than PFFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZA | PFFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 2.32% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 6.46% | +7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 7.62% | +10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.27% | 11.59% | +13.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.14% | 31.55% | +5.59% |
AMZA vs. PFFA - Expense Ratio Comparison
AMZA has a 2.01% expense ratio, which is higher than PFFA's 1.47% expense ratio.
Dividends
AMZA vs. PFFA - Dividend Comparison
AMZA's dividend yield for the trailing twelve months is around 7.83%, less than PFFA's 9.98% 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% |
PFFA Virtus InfraCap U.S. Preferred Stock ETF | 9.98% | 9.47% | 9.18% | 9.56% | 10.75% | 7.64% | 8.54% | 10.02% | 5.15% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AMZA and PFFA have a correlation of 0.01, 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 PFFA (2.32%). In terms of maximum drawdown, AMZA dropped -91.46% vs PFFA's -70.52%.
On 5-year performance, AMZA leads with 22.88% vs 5.57% for PFFA. On fees, PFFA is cheaper at 1.47% per year. On volatility, PFFA has been the lower-risk option at 2.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AMZA has performed better with a 22.88% return vs 5.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFFA is cheaper with a 1.47% expense ratio, compared with 2.01% for AMZA.
PFFA has the higher dividend yield at 9.98%, compared with 7.83% for AMZA.
AMZA is categorized as MLPs, while PFFA is Preferred Stock. Their fees differ too: 2.01% for AMZA and 1.47% for PFFA.
AMZA currently has the higher Sharpe Ratio (1.20 vs 0.76), 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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