PFFR vs. AMZA

Last updated Jun 4, 2026

PFFR (InfraCap REIT Preferred ETF) and AMZA (InfraCap MLP ETF) are both exchange-traded funds - PFFR is a Preferred Stock/Convertible Bonds fund tracking the Indxx REIT Preferred Stock Index, while AMZA is a MLPs fund actively managed by Virtus Investment Partners. PFFR is passively managed, while AMZA is actively managed. Over the past 5 years, PFFR returned 0.97%/yr vs 19.41%/yr for AMZA. At a 0.26 correlation, their price movements are largely independent. PFFR charges 0.45%/yr vs 2.01%/yr for AMZA.

Performance

PFFR vs. AMZA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in InfraCap REIT Preferred ETF (PFFR) and InfraCap MLP ETF (AMZA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PFFR achieves a 0.80% return, which is significantly lower than AMZA's 22.22% return.

PFFR

• 1D: -0.22%
• 1M: -0.75%
• YTD: 0.80%
• 6M: 0.96%
• 1Y: 6.82%
• 3Y*: 9.27%
• 5Y*: 0.97%
• 10Y*: —

AMZA

• 1D: 0.39%
• 1M: -0.92%
• YTD: 22.22%
• 6M: 20.41%
• 1Y: 17.55%
• 3Y*: 22.02%
• 5Y*: 19.41%
• 10Y*: 4.86%

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

PFFR vs. AMZA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PFFR InfraCap REIT Preferred ETF	0.80%	5.36%	7.12%	21.04%	-23.90%	6.76%	0.19%	20.28%	-7.45%	7.60%
AMZA InfraCap MLP ETF	22.22%	0.17%	30.90%	23.35%	33.20%	51.22%	-49.25%	6.27%	-26.78%	-10.60%

Correlation

The correlation between PFFR and AMZA is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017	0.26

Over the past year, the correlation between PFFR and AMZA has dropped to 0.05 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.

PFFR vs. AMZA - Sectors Allocation Comparison

Sectors	PFFR	AMZA
Real Estate	84.9%	-
Financial Services	5.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	99.8%
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	0.2%

Return for Risk

PFFR vs. AMZA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PFFR

PFFR Risk / Return Rank: 23
PFFR Sharpe Ratio Rank: 24
PFFR Sortino Ratio Rank: 23
PFFR Omega Ratio Rank: 23
PFFR Calmar Ratio Rank: 23
PFFR Martin Ratio Rank: 20

AMZA

AMZA Risk / Return Rank: 27
AMZA Sharpe Ratio Rank: 27
AMZA Sortino Ratio Rank: 27
AMZA Omega Ratio Rank: 25
AMZA Calmar Ratio Rank: 29
AMZA Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PFFR vs. AMZA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for InfraCap REIT Preferred ETF (PFFR) 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.

	PFFR	AMZA	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.00	-0.13
Sortino ratio: Return per unit of downside risk	1.27	1.48	-0.20
Omega ratio: Gain probability vs. loss probability	1.16	1.17	-0.02
Calmar ratio: Return relative to maximum drawdown	1.04	1.45	-0.41
Martin ratio: Return relative to average drawdown	2.44	3.65	-1.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PFFR vs. AMZA - Sharpe Ratio Comparison

The current PFFR Sharpe Ratio is 0.87, which is comparable to the AMZA Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of PFFR and AMZA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PFFR	AMZA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.00	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.76	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-0.02	+0.18

Drawdowns

PFFR vs. AMZA - Drawdown Comparison

The maximum PFFR drawdown since its inception was -53.02%, smaller than the maximum AMZA drawdown of -91.46%. Use the drawdown chart below to compare losses from any high point for PFFR and AMZA.

Drawdown Indicators

	PFFR	AMZA	Difference
Max Drawdown Largest peak-to-trough decline	-53.02%	-91.46%	+38.44%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-12.16%	+5.59%
Max Drawdown (3Y) Largest decline over 3 years	-11.16%	-18.56%	+7.40%
Max Drawdown (5Y) Largest decline over 5 years	-29.80%	-25.15%	-4.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-86.84%	—
Current Drawdown Current decline from peak	-3.05%	-10.19%	+7.14%
Average Drawdown Average peak-to-trough decline	-7.00%	-45.02%	+38.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	4.82%	-2.02%

Volatility

PFFR vs. AMZA - Volatility Comparison

The current volatility for InfraCap REIT Preferred ETF (PFFR) is 2.81%, while InfraCap MLP ETF (AMZA) has a volatility of 5.80%. This indicates that PFFR 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.

Volatility by Period

	PFFR	AMZA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	5.80%	-2.99%
Volatility (6M) Calculated over the trailing 6-month period	6.14%	13.40%	-7.26%
Volatility (1Y) Calculated over the trailing 1-year period	7.91%	17.72%	-9.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.47%	25.84%	-15.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	37.25%	-16.71%

PFFR vs. AMZA - Expense Ratio Comparison

PFFR has a 0.45% expense ratio, which is lower than AMZA's 2.01% expense ratio.

Dividends

PFFR vs. AMZA - Dividend Comparison

PFFR's dividend yield for the trailing twelve months is around 8.29%, more than AMZA's 8.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMZA InfraCap MLP ETF	8.02%	8.81%	7.29%	9.40%	7.65%	10.24%	22.13%	19.47%	34.46%	24.16%	18.36%	18.21%
PFFR InfraCap REIT Preferred ETF	8.29%	7.99%	7.78%	7.72%	8.60%	6.08%	6.11%	5.77%	6.48%	6.59%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PFFR and AMZA in my portfolio?

PFFR and AMZA have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PFFR or AMZA?

AMZA has higher volatility (5.80%) compared to PFFR (2.81%). In terms of maximum drawdown, PFFR dropped -53.02% vs AMZA's -91.46%.

Which ETF is better, PFFR or AMZA?

On 5-year performance, AMZA leads with 19.41% vs 0.97% for PFFR. On fees, PFFR is cheaper at 0.45% per year. On volatility, PFFR has been the lower-risk option at 2.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PFFR or AMZA?

Over the 5-year period, AMZA has performed better with a 19.41% return vs 0.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PFFR or AMZA?

PFFR is cheaper with a 0.45% expense ratio, compared with 2.01% for AMZA.

Which ETF pays a higher dividend yield, PFFR or AMZA?

PFFR has the higher dividend yield at 8.29%, compared with 8.02% for AMZA.

What is the main difference between PFFR and AMZA?

PFFR is categorized as Preferred Stock/Convertible Bonds, while AMZA is MLPs. Their fees differ too: 0.45% for PFFR and 2.01% for AMZA.

Which has better risk-adjusted returns?

AMZA currently has the higher Sharpe Ratio (1.00 vs 0.87), 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.