FBGX vs. AMND

Last updated Jun 3, 2026

FBGX (UBS AG FI Enhanced Large Cap Growth ETN) and AMND (ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050) are both exchange-traded funds - FBGX is a Leveraged Equities fund tracking the Russell 1000 Growth Index (200%), while AMND is a Energy Equities fund tracking the Alerian Midstream Energy Dividend Index. Both are passively managed. At a 0.29 correlation, their price movements are largely independent. FBGX charges 1.29%/yr vs 0.75%/yr for AMND.

Performance

FBGX vs. AMND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FBGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMND

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBGX vs. AMND - Yearly Performance Comparison

	2024	2023	2022	2021	2020
FBGX UBS AG FI Enhanced Large Cap Growth ETN	35.73%	83.74%	-56.41%	57.04%	42.75%
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	40.42%	13.60%	21.27%	34.91%	10.45%

Correlation

The correlation between FBGX and AMND is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jul 17, 2020	0.29

The correlation between FBGX and AMND shifts across timeframes, from 0.10 (1 year) to 0.36 (3 years), reflecting how their relationship changes across market environments.

FBGX vs. AMND - Sectors Allocation Comparison

Sectors	FBGX	AMND
Basic Materials	0.0%	0.0%
Communication Services	0.0%	0.0%
Consumer Cyclical	0.0%	0.0%
Consumer Defensive	0.0%	0.0%
Energy	0.0%	0.0%
Financial Services	0.0%	0.0%
Healthcare	0.0%	0.0%
Industrials	0.0%	0.0%
Real Estate	0.0%	0.0%
Technology	0.0%	0.0%
Utilities	0.0%	0.0%

Return for Risk

FBGX vs. AMND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 (AMND). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Volatility

FBGX vs. AMND - Expense Ratio Comparison

FBGX has a 1.29% expense ratio, which is higher than AMND's 0.75% expense ratio.

Dividends

FBGX vs. AMND - Dividend Comparison

Neither FBGX nor AMND has paid dividends to shareholders.

Position	TTM	2023	2022	2021	2020
AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050	0.00%	6.56%	6.37%	7.10%	2.49%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBGX and AMND in my portfolio?

FBGX and AMND have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FBGX or AMND?

On fees, AMND is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FBGX or AMND?

AMND is cheaper with a 0.75% expense ratio, compared with 1.29% for FBGX.

Which ETF pays a higher dividend yield, FBGX or AMND?

FBGX and AMND have nearly identical dividend yields, around 0.00%.

What is the main difference between FBGX and AMND?

FBGX is categorized as Leveraged Equities, while AMND is Energy Equities. FBGX tracks Russell 1000 Growth Index (200%), while AMND tracks Alerian Midstream Energy Dividend Index. Their fees differ too: 1.29% for FBGX and 0.75% for AMND.