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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MLPB or AMZA.
Key characteristics
| MLPB | AMZA | |
|---|---|---|
| YTD Return | 22.48% | 26.62% |
| 1Y Return | 25.60% | 30.28% |
| 3Y Return (Ann) | 22.20% | 24.59% |
| 5Y Return (Ann) | 14.40% | 10.96% |
| Sharpe Ratio | 1.86 | 1.60 |
| Sortino Ratio | 2.60 | 2.21 |
| Omega Ratio | 1.32 | 1.27 |
| Calmar Ratio | 3.11 | 0.66 |
| Martin Ratio | 9.10 | 7.50 |
| Ulcer Index | 2.79% | 4.03% |
| Daily Std Dev | 13.64% | 18.86% |
| Max Drawdown | -69.03% | -91.46% |
| Current Drawdown | -0.96% | -29.09% |
Correlation
The correlation between MLPB and AMZA is 0.92, 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.
Performance
MLPB vs. AMZA - Performance Comparison
In the year-to-date period, MLPB achieves a 22.48% return, which is significantly lower than AMZA's 26.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
MLPB vs. AMZA - Risk-Adjusted Performance 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.
Dividends
MLPB vs. AMZA - Dividend Comparison
MLPB's dividend yield for the trailing twelve months is around 6.10%, less than AMZA's 7.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 6.10% | 6.38% | 6.00% | 6.99% | 11.92% | 7.98% | 8.11% | 0.00% | 0.00% | 0.00% |
AMZA InfraCap MLP ETF | 7.35% | 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 -69.03%, 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. For additional features, visit the drawdowns tool.
Volatility
MLPB vs. AMZA - Volatility Comparison
The current volatility for ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is 4.01%, while InfraCap MLP ETF (AMZA) has a volatility of 5.59%. 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.