AMZA vs. TMLP
AMZA (InfraCap MLP ETF) and TMLP (Tortoise MLP ETF) are both MLPs funds. AMZA is actively managed, while TMLP is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. AMZA charges 2.01%/yr vs 0.50%/yr for TMLP.
Performance
AMZA vs. TMLP - Performance Comparison
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Returns By Period
In the year-to-date period, AMZA achieves a 28.17% return, which is significantly higher than TMLP's 18.41% return.
AMZA
- 1D
- 2.52%
- 1M
- 5.21%
- 6M
- 25.12%
- YTD
- 28.17%
- 1Y
- 21.82%
- 3Y*
- 22.36%
- 5Y*
- 21.72%
- 10Y*
- 5.02%
TMLP
- 1D
- 2.05%
- 1M
- 1.84%
- 6M
- 17.30%
- YTD
- 18.41%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMZA vs. TMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMZA InfraCap MLP ETF | 28.17% | 0.49% |
TMLP Tortoise MLP ETF | 18.41% | 0.01% |
Correlation
The correlation between AMZA and TMLP is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 23, 2025 | 0.87 |
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Return for Risk
AMZA vs. TMLP — Risk / Return Rank
AMZA
TMLP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AMZA vs. TMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InfraCap MLP ETF (AMZA) and Tortoise MLP ETF (TMLP). 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 | TMLP | 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 | 1.80 | — | — |
| Martin ratioReturn relative to average drawdown | 4.35 | — | — |
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Drawdowns
AMZA vs. TMLP - Drawdown Comparison
The maximum AMZA drawdown since its inception was -91.46%, which is greater than TMLP's maximum drawdown of -8.55%. Use the drawdown chart below to compare losses from any high point for AMZA and TMLP.
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Drawdown Indicators
| AMZA | TMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.46% | -8.55% | -82.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | — | — |
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 | -5.81% | -3.19% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -44.70% | -2.18% | -42.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | — | — |
Volatility
AMZA vs. TMLP - Volatility Comparison
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Volatility by Period
| AMZA | TMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 14.40% | +3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.59% | 14.40% | +11.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.16% | 14.40% | +22.76% |
AMZA vs. TMLP - Expense Ratio Comparison
AMZA has a 2.01% expense ratio, which is higher than TMLP's 0.50% expense ratio.
Dividends
AMZA vs. TMLP - Dividend Comparison
AMZA's dividend yield for the trailing twelve months is around 7.81%, more than TMLP's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZA InfraCap MLP ETF | 7.81% | 8.81% | 7.29% | 9.40% | 7.65% | 10.24% | 22.13% | 19.47% | 34.46% | 24.16% | 18.36% | 18.21% |
TMLP Tortoise MLP ETF | 3.78% | 0.04% | 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 TMLP have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TMLP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TMLP is cheaper with a 0.50% expense ratio, compared with 2.01% for AMZA.
AMZA has the higher dividend yield at 7.81%, compared with 3.78% for TMLP.
They also come from different issuers: Virtus Investment Partners and Tortoise. Their fees differ too: 2.01% for AMZA and 0.50% for TMLP.
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