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AMZA vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


AMZAQQQ
YTD Return26.62%25.94%
1Y Return30.28%38.64%
3Y Return (Ann)24.59%9.61%
5Y Return (Ann)10.96%21.45%
10Y Return (Ann)-3.02%18.54%
Sharpe Ratio1.602.22
Sortino Ratio2.212.91
Omega Ratio1.271.40
Calmar Ratio0.662.86
Martin Ratio7.5010.42
Ulcer Index4.03%3.72%
Daily Std Dev18.86%17.47%
Max Drawdown-91.46%-82.98%
Current Drawdown-29.09%0.00%

Correlation

-0.50.00.51.00.3

The correlation between AMZA and QQQ is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

AMZA vs. QQQ - Performance Comparison

The year-to-date returns for both stocks are quite close, with AMZA having a 26.62% return and QQQ slightly lower at 25.94%. Over the past 10 years, AMZA has underperformed QQQ with an annualized return of -3.02%, while QQQ has yielded a comparatively higher 18.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
7.85%
16.52%
AMZA
QQQ

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AMZA vs. QQQ - Expense Ratio Comparison

AMZA has a 2.01% expense ratio, which is higher than QQQ's 0.20% expense ratio.


AMZA
InfraCap MLP ETF
Expense ratio chart for AMZA: current value at 2.01% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%2.01%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

AMZA vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) and Invesco QQQ (QQQ). 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.


AMZA
Sharpe ratio
The chart of Sharpe ratio for AMZA, currently valued at 1.60, compared to the broader market-2.000.002.004.001.60
Sortino ratio
The chart of Sortino ratio for AMZA, currently valued at 2.21, compared to the broader market0.005.0010.002.21
Omega ratio
The chart of Omega ratio for AMZA, currently valued at 1.27, compared to the broader market1.001.502.002.503.001.27
Calmar ratio
The chart of Calmar ratio for AMZA, currently valued at 0.66, compared to the broader market0.005.0010.0015.000.66
Martin ratio
The chart of Martin ratio for AMZA, currently valued at 7.50, compared to the broader market0.0020.0040.0060.0080.00100.007.50
QQQ
Sharpe ratio
The chart of Sharpe ratio for QQQ, currently valued at 2.21, compared to the broader market-2.000.002.004.002.21
Sortino ratio
The chart of Sortino ratio for QQQ, currently valued at 2.91, compared to the broader market0.005.0010.002.91
Omega ratio
The chart of Omega ratio for QQQ, currently valued at 1.39, compared to the broader market1.001.502.002.503.001.39
Calmar ratio
The chart of Calmar ratio for QQQ, currently valued at 2.85, compared to the broader market0.005.0010.0015.002.85
Martin ratio
The chart of Martin ratio for QQQ, currently valued at 10.40, compared to the broader market0.0020.0040.0060.0080.00100.0010.40

AMZA vs. QQQ - Sharpe Ratio Comparison

The current AMZA Sharpe Ratio is 1.60, which is comparable to the QQQ Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of AMZA and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.60
2.21
AMZA
QQQ

Dividends

AMZA vs. QQQ - Dividend Comparison

AMZA's dividend yield for the trailing twelve months is around 7.35%, more than QQQ's 0.59% yield.


TTM20232022202120202019201820172016201520142013
AMZA
InfraCap MLP ETF
7.35%9.40%7.65%10.24%22.13%19.47%34.46%24.16%18.36%18.21%0.00%0.00%
QQQ
Invesco QQQ
0.59%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

AMZA vs. QQQ - Drawdown Comparison

The maximum AMZA drawdown since its inception was -91.46%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for AMZA and QQQ. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-29.09%
0
AMZA
QQQ

Volatility

AMZA vs. QQQ - Volatility Comparison

InfraCap MLP ETF (AMZA) has a higher volatility of 5.59% compared to Invesco QQQ (QQQ) at 5.17%. This indicates that AMZA's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%JuneJulyAugustSeptemberOctoberNovember
5.59%
5.17%
AMZA
QQQ