MLPB vs. AMZA
Compare and contrast key facts about ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) and InfraCap MLP ETF (AMZA).
MLPB and AMZA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MLPB is a passively managed fund by UBS that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Oct 8, 2015. AMZA is an actively managed fund by Virtus Investment Partners. It was launched on Oct 7, 2014.
Performance
MLPB vs. AMZA - Performance Comparison
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MLPB vs. AMZA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 16.69% | 7.40% | 25.53% | 22.01% | 30.22% | 39.42% | -30.80% | 5.69% | -8.79% | -9.71% |
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, MLPB achieves a 16.69% return, which is significantly lower than AMZA's 19.38% return. Over the past 10 years, MLPB has outperformed AMZA with an annualized return of 9.55%, while AMZA has yielded a comparatively lower 7.88% annualized return.
MLPB
- 1D
- -1.54%
- 1M
- 1.21%
- YTD
- 16.69%
- 6M
- 20.26%
- 1Y
- 11.98%
- 3Y*
- 22.94%
- 5Y*
- 23.10%
- 10Y*
- 9.55%
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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MLPB vs. AMZA - Expense Ratio Comparison
MLPB has a 0.85% expense ratio, which is lower than AMZA's 2.01% expense ratio.
Return for Risk
MLPB vs. AMZA — Risk / Return Rank
MLPB
AMZA
MLPB vs. AMZA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) 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.
| MLPB | AMZA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.64 | 0.25 | +0.39 |
Sortino ratioReturn per unit of downside risk | 0.93 | 0.47 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 0.30 | +0.38 |
Martin ratioReturn relative to average drawdown | 1.81 | 0.55 | +1.26 |
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
| MLPB | AMZA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.25 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | 0.92 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.21 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.03 | +0.26 |
Correlation
The correlation between MLPB and AMZA is 0.75, 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
MLPB vs. AMZA - Dividend Comparison
MLPB's dividend yield for the trailing twelve months is around 5.83%, less than AMZA's 7.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 5.83% | 6.51% | 5.95% | 6.37% | 6.00% | 6.98% | 11.93% | 7.98% | 8.11% | 7.23% | 6.85% | 0.00% |
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
MLPB vs. AMZA - Drawdown Comparison
The maximum MLPB drawdown since its inception was -71.93%, smaller than the maximum AMZA drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for MLPB and AMZA.
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Drawdown Indicators
| MLPB | AMZA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.93% | -91.46% | +19.53% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -17.90% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.41% | -25.15% | +4.74% |
Max Drawdown (10Y)Largest decline over 10 years | -71.93% | -86.84% | +14.91% |
Current DrawdownCurrent decline from peak | -2.68% | -12.28% | +9.60% |
Average DrawdownAverage peak-to-trough decline | -15.03% | -45.54% | +30.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 9.91% | -3.65% |
Volatility
MLPB vs. AMZA - Volatility Comparison
The current volatility for ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is 3.72%, while InfraCap MLP ETF (AMZA) has a volatility of 5.70%. This indicates that MLPB 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
| MLPB | AMZA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 5.70% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 8.96% | 12.41% | -3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.75% | 23.23% | -4.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.14% | 25.96% | -5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.10% | 37.45% | -9.35% |