MLPA vs. AMZA
Compare and contrast key facts about Global X MLP ETF (MLPA) and InfraCap MLP ETF (AMZA).
MLPA and AMZA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPA is a passively managed fund by Global X that tracks the performance of the Solactive MLP Infrastructure Index. It was launched on Apr 18, 2012. AMZA is an actively managed fund by Virtus Investment Partners. It was launched on Oct 7, 2014.
Performance
MLPA vs. AMZA - Performance Comparison
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MLPA vs. AMZA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPA Global X MLP ETF | 13.45% | 5.73% | 20.35% | 15.93% | 27.03% | 39.64% | -33.97% | 11.91% | -15.71% | -8.31% |
AMZA InfraCap MLP ETF | 19.38% | 0.17% | 30.90% | 23.35% | 33.20% | 51.22% | -49.25% | 6.27% | -26.78% | -6.90% |
Returns By Period
In the year-to-date period, MLPA achieves a 13.45% return, which is significantly lower than AMZA's 19.38% return. Both investments have delivered pretty close results over the past 10 years, with MLPA having a 8.14% annualized return and AMZA not far behind at 7.88%.
MLPA
- 1D
- -1.37%
- 1M
- 0.67%
- YTD
- 13.45%
- 6M
- 15.77%
- 1Y
- 9.41%
- 3Y*
- 17.72%
- 5Y*
- 18.64%
- 10Y*
- 8.14%
AMZA
- 1D
- -1.45%
- 1M
- 2.49%
- YTD
- 19.38%
- 6M
- 20.02%
- 1Y
- 5.74%
- 3Y*
- 22.86%
- 5Y*
- 23.82%
- 10Y*
- 7.88%
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MLPA vs. AMZA - Expense Ratio Comparison
MLPA has a 0.46% expense ratio, which is lower than AMZA's 2.01% expense ratio.
Return for Risk
MLPA vs. AMZA — Risk / Return Rank
MLPA
AMZA
MLPA vs. AMZA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MLP ETF (MLPA) and InfraCap MLP ETF (AMZA). 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.
| MLPA | AMZA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 0.25 | +0.34 |
Sortino ratioReturn per unit of downside risk | 0.86 | 0.47 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.07 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.30 | +0.32 |
Martin ratioReturn relative to average drawdown | 1.56 | 0.55 | +1.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MLPA | AMZA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.25 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.92 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.21 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | -0.03 | +0.19 |
Correlation
The correlation between MLPA and AMZA is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MLPA vs. AMZA - Dividend Comparison
MLPA's dividend yield for the trailing twelve months is around 7.15%, less than AMZA's 7.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPA Global X MLP ETF | 7.15% | 7.82% | 7.25% | 7.49% | 7.30% | 8.72% | 13.84% | 9.09% | 10.00% | 8.05% | 7.15% | 9.29% |
AMZA InfraCap MLP ETF | 7.88% | 8.81% | 7.29% | 9.40% | 7.65% | 10.24% | 22.13% | 19.47% | 34.46% | 24.16% | 18.36% | 18.21% |
Drawdowns
MLPA vs. AMZA - Drawdown Comparison
The maximum MLPA drawdown since its inception was -78.75%, smaller than the maximum AMZA drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for MLPA and AMZA.
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Drawdown Indicators
| MLPA | AMZA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.75% | -91.46% | +12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.20% | -17.90% | +3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -18.75% | -25.15% | +6.40% |
Max Drawdown (10Y)Largest decline over 10 years | -74.05% | -86.84% | +12.79% |
Current DrawdownCurrent decline from peak | -2.87% | -12.28% | +9.41% |
Average DrawdownAverage peak-to-trough decline | -20.50% | -45.54% | +25.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 9.91% | -4.18% |
Volatility
MLPA vs. AMZA - Volatility Comparison
The current volatility for Global X MLP ETF (MLPA) is 3.34%, while InfraCap MLP ETF (AMZA) has a volatility of 5.70%. This indicates that MLPA experiences smaller price fluctuations and is considered to be less risky than AMZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MLPA | AMZA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 5.70% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.92% | 12.41% | -4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 23.23% | -7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 25.96% | -7.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.64% | 37.45% | -9.81% |