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AMZA vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AMZA vs. QQQ

Last updated Jun 4, 2026

AMZA (InfraCap MLP ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - AMZA is a MLPs fund actively managed by Virtus Investment Partners, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. AMZA is actively managed, while QQQ is passively managed. Over the past 10 years, AMZA returned 4.86%/yr vs 21.94%/yr for QQQ. At a 0.31 correlation, their price movements are largely independent. AMZA charges 2.01%/yr vs 0.18%/yr for QQQ.

Performance

AMZA vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in InfraCap MLP ETF (AMZA) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with AMZA having a 22.22% return and QQQ slightly lower at 21.30%. Over the past 10 years, AMZA has underperformed QQQ with an annualized return of 4.86%, while QQQ has yielded a comparatively higher 21.94% annualized return.

AMZA

1D
0.39%
1M
-0.92%
YTD
22.22%
6M
20.41%
1Y
17.55%
3Y*
22.02%
5Y*
19.41%
10Y*
4.86%

QQQ

1D
-0.26%
1M
10.60%
YTD
21.30%
6M
19.66%
1Y
41.82%
3Y*
28.78%
5Y*
17.97%
10Y*
21.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AMZA vs. QQQ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AMZA
InfraCap MLP ETF		22.22%0.17%30.90%23.35%33.20%51.22%-49.25%6.27%-26.78%-6.90%
QQQ
Invesco QQQ ETF		21.30%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%

Correlation

The correlation between AMZA and QQQ is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Oct 3, 2014

0.31

The correlation between AMZA and QQQ shifts across timeframes, from -0.08 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

AMZA vs. QQQ - Sectors Allocation Comparison

Sectors
AMZA
QQQ

Energy

99.8%
0.6%

Utilities

0.2%
1.4%

Basic Materials

-

1.1%

Communication Services

-

15.8%

Consumer Cyclical

-

12.3%

Consumer Defensive

-

7.7%

Financial Services

-

0.2%

Healthcare

-

4.2%

Industrials

-

2.8%

Real Estate

-

0.1%

Technology

-

53.8%

Energy

AMZA
99.8%
QQQ
0.6%

Utilities

AMZA
0.2%
QQQ
1.4%

Basic Materials

AMZA

-

QQQ
1.1%

Communication Services

AMZA

-

QQQ
15.8%

Consumer Cyclical

AMZA

-

QQQ
12.3%

Consumer Defensive

AMZA

-

QQQ
7.7%

Financial Services

AMZA

-

QQQ
0.2%

Healthcare

AMZA

-

QQQ
4.2%

Industrials

AMZA

-

QQQ
2.8%

Real Estate

AMZA

-

QQQ
0.1%

Technology

AMZA

-

QQQ
53.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

InfraCap MLP ETF

Invesco QQQ ETF

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Return for Risk

AMZA vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AMZA
AMZA Risk / Return Rank: 2727
Overall Rank
AMZA Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
AMZA Sortino Ratio Rank: 2727
Sortino Ratio Rank
AMZA Omega Ratio Rank: 2525
Omega Ratio Rank
AMZA Calmar Ratio Rank: 2929
Calmar Ratio Rank
AMZA Martin Ratio Rank: 2626
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 7373
Overall Rank
QQQ Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7575
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7474
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMZA vs. QQQ - Risk-Adjusted Trends Comparison

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

AMZAQQQDifference
Sharpe ratioReturn per unit of total volatility
1.00
2.64

-1.64

Sortino ratioReturn per unit of downside risk
1.48
3.45

-1.97

Omega ratioGain probability vs. loss probability

1.17

1.45

-0.28

Calmar ratioReturn relative to maximum drawdown

1.45

3.51

-2.06

Martin ratioReturn relative to average drawdown

3.65

13.49

-9.84

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMZA vs. QQQ - Sharpe Ratio Comparison

The current AMZA Sharpe Ratio is 1.00, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of AMZA and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AMZAQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.00

2.64

-1.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.81

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.13

0.99

-0.86

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.02

0.41

-0.43

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 -82.97%. Use the drawdown chart below to compare losses from any high point for AMZA and QQQ.

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Drawdown Indicators

AMZAQQQDifference

Max Drawdown

Largest peak-to-trough decline

-91.46%

-82.97%

-8.49%

Max Drawdown (1Y)

Largest decline over 1 year

-12.16%

-11.96%

-0.20%

Max Drawdown (3Y)

Largest decline over 3 years

-18.56%

-22.77%

+4.21%

Max Drawdown (5Y)

Largest decline over 5 years

-25.15%

-35.12%

+9.97%

Max Drawdown (10Y)

Largest decline over 10 years

-86.84%

-35.12%

-51.72%

Current Drawdown

Current decline from peak

-10.19%

-0.26%

-9.93%

Average Drawdown

Average peak-to-trough decline

-45.02%

-32.79%

-12.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.82%

3.11%

+1.71%

Volatility

AMZA vs. QQQ - Volatility Comparison

InfraCap MLP ETF (AMZA) has a higher volatility of 5.80% compared to Invesco QQQ ETF (QQQ) at 4.49%. 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.

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Volatility by Period

AMZAQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.80%

4.49%

+1.31%

Volatility (6M)

Calculated over the trailing 6-month period

13.40%

12.10%

+1.30%

Volatility (1Y)

Calculated over the trailing 1-year period

17.72%

15.94%

+1.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.84%

22.38%

+3.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.25%

22.29%

+14.96%

AMZA vs. QQQ - Expense Ratio Comparison

AMZA has a 2.01% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

AMZA vs. QQQ - Dividend Comparison

AMZA's dividend yield for the trailing twelve months is around 8.02%, more than QQQ's 0.38% yield.

PositionTTM20252024202320222021202020192018201720162015
AMZA
InfraCap MLP ETF		8.02%8.81%7.29%9.40%7.65%10.24%22.13%19.47%34.46%24.16%18.36%18.21%
QQQ
Invesco QQQ ETF		0.38%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

AMZA and QQQ have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AMZA has higher volatility (5.80%) compared to QQQ (4.49%). In terms of maximum drawdown, AMZA dropped -91.46% vs QQQ's -82.97%.

On 10-year performance, QQQ leads with 21.94% vs 4.86% for AMZA. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QQQ has performed better with a 21.94% return vs 4.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 2.01% for AMZA.

AMZA has the higher dividend yield at 8.02%, compared with 0.38% for QQQ.

AMZA is categorized as MLPs, while QQQ is Nasdaq-100. They also come from different issuers: Virtus Investment Partners and Invesco. Their fees differ too: 2.01% for AMZA and 0.18% for QQQ.

QQQ currently has the higher Sharpe Ratio (2.64 vs 1.00), 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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