NFLT vs. AMZA
NFLT (Virtus Newfleet Multi-Sector Bond ETF) and AMZA (InfraCap MLP ETF) are both exchange-traded funds - NFLT is a Multisector Bonds fund actively managed by Virtus, while AMZA is a MLPs fund actively managed by Virtus. Both are actively managed. Over the past 10 years, NFLT returned 3.83%/yr vs 5.46%/yr for AMZA. Their 0.07 correlation means their historical movements had little consistent relationship. NFLT charges 0.50%/yr vs 2.01%/yr for AMZA.
Performance
NFLT vs. AMZA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NFLT achieves a 1.48% return, which is significantly lower than AMZA's 30.46% return. Over the past 10 years, NFLT has underperformed AMZA with an annualized return of 3.83%, while AMZA has yielded a comparatively higher 5.46% annualized return.
NFLT
- 1D
- 0.00%
- 1M
- -0.58%
- 6M
- 0.73%
- YTD
- 1.48%
- 1Y
- 4.92%
- 3Y*
- 6.96%
- 5Y*
- 2.99%
- 10Y*
- 3.83%
- ALL TIME*
- 4.02%
AMZA
- 1D
- 0.65%
- 1M
- 5.94%
- 6M
- 21.61%
- YTD
- 30.46%
- 1Y
- 23.26%
- 3Y*
- 22.79%
- 5Y*
- 22.88%
- 10Y*
- 5.46%
- ALL TIME*
- -0.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AMZA InfraCap MLP ETF | $1.66M | $1.65M | $1.75M |
| $2.33M | $1.94M | $2.09M |
NFLT vs. AMZA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFLT Virtus Newfleet Multi-Sector Bond ETF | 1.48% | 8.77% | 6.05% | 9.16% | -9.49% | 1.18% | 8.02% | 10.13% | -2.68% | 6.30% |
AMZA InfraCap MLP ETF | 30.46% | 0.17% | 30.90% | 23.35% | 33.20% | 51.22% | -49.25% | 6.27% | -26.78% | -6.90% |
Correlation
The correlation between NFLT and AMZA is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2015 | 0.07 |
The correlation between NFLT and AMZA shifts across timeframes, from -0.13 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NFLT vs. AMZA — Risk / Return Rank
NFLT
AMZA
NFLT vs. AMZA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Bond ETF (NFLT) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NFLT | AMZA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.85 | +0.37 |
| Martin ratioReturn relative to average drawdown | 9.06 | 4.51 | +4.55 |
Loading charts...
Drawdowns
NFLT vs. AMZA - Drawdown Comparison
The maximum NFLT drawdown since its inception was -15.17%, smaller than the maximum AMZA drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for NFLT and AMZA.
Loading charts...
Drawdown Indicators
| NFLT | AMZA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.17% | -91.46% | +76.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -11.84% | +9.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | -18.56% | +15.41% |
Max Drawdown (5Y)Largest decline over 5 years | -13.42% | -25.15% | +11.73% |
Max Drawdown (10Y)Largest decline over 10 years | -15.17% | -86.84% | +71.67% |
Current DrawdownCurrent decline from peak | -0.92% | -4.13% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -44.51% | +42.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 5.02% | -4.43% |
Volatility
NFLT vs. AMZA - Volatility Comparison
The current volatility for Virtus Newfleet Multi-Sector Bond ETF (NFLT) is 0.97%, while InfraCap MLP ETF (AMZA) has a volatility of 5.43%. This indicates that NFLT 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.
Loading charts...
Volatility by Period
| NFLT | AMZA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 5.43% | -4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 14.17% | -10.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 18.20% | -14.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.49% | 25.27% | -20.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 37.14% | -32.22% |
NFLT vs. AMZA - Expense Ratio Comparison
NFLT has a 0.50% expense ratio, which is lower than AMZA's 2.01% expense ratio.
Dividends
NFLT vs. AMZA - Dividend Comparison
NFLT's dividend yield for the trailing twelve months is around 5.48%, less than AMZA's 7.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMZA InfraCap MLP ETF | 7.83% | 8.81% | 7.29% | 9.40% | 7.65% | 10.24% | 22.13% | 19.47% | 34.46% | 24.16% | 18.36% | 18.21% |
NFLT Virtus Newfleet Multi-Sector Bond ETF | 5.48% | 5.74% | 5.76% | 6.02% | 4.16% | 3.41% | 3.63% | 4.33% | 4.81% | 6.23% | 5.30% | 0.67% |
Frequently Asked Questions
NFLT and AMZA have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZA has higher volatility (5.43%) compared to NFLT (0.97%). In terms of maximum drawdown, NFLT dropped -15.17% vs AMZA's -91.46%.
On 10-year performance, AMZA leads with 5.46% vs 3.83% for NFLT. On fees, NFLT is cheaper at 0.50% per year. On volatility, NFLT has been the lower-risk option at 0.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, AMZA has performed better with a 5.46% return vs 3.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NFLT is cheaper with a 0.50% expense ratio, compared with 2.01% for AMZA.
AMZA has the higher dividend yield at 7.83%, compared with 5.48% for NFLT.
NFLT is categorized as Multisector Bonds, while AMZA is MLPs. Their fees differ too: 0.50% for NFLT and 2.01% for AMZA.
NFLT currently has the higher Sharpe Ratio (1.32 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for NFLT and AMZA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer