FBGX vs. AMTR

Last updated Jun 3, 2026

FBGX (UBS AG FI Enhanced Large Cap Growth ETN) and AMTR (ETRACS Alerian Midstream Energy Total Return Index ETN) are both exchange-traded funds - FBGX is a Leveraged Equities fund tracking the Russell 1000 Growth Index (200%), while AMTR is a MLPs fund tracking the Alerian Midstream Energy Index. Both are passively managed. At a 0.31 correlation, their price movements are largely independent. FBGX charges 1.29%/yr vs 0.75%/yr for AMTR.

Performance

FBGX vs. AMTR - 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 Total Return Index ETN (AMTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FBGX

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

AMTR

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

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

FBGX vs. AMTR - 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%	16.94%
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	44.68%	12.75%	20.41%	36.99%	15.24%

Correlation

The correlation between FBGX and AMTR is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.31

Over the past year, the correlation between FBGX and AMTR has dropped to 0.10 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

FBGX vs. AMTR - Sectors Allocation Comparison

Sectors	FBGX	AMTR
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. AMTR - 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 Total Return Index ETN (AMTR). 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. AMTR - Expense Ratio Comparison

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

Dividends

FBGX vs. AMTR - Dividend Comparison

Neither FBGX nor AMTR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FBGX and AMTR in my portfolio?

FBGX and AMTR 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 AMTR?

On fees, AMTR 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 AMTR?

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

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

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

What is the main difference between FBGX and AMTR?

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