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ETFs

InfraCap MLP ETF

AMZA
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Today’s Change
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Snapshot
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Inception Date
Oct 01 2014
Expense Ratio
1.64%
Type
US MLPs
Fund Owner
Virtus ETF Solutions
Volume (1m avg. daily)
$1,158,248
AUM
$326,695,420
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PAA
Plains All American Pipeline LP
13.88%
EPD
Enterprise Products Partners LP
12.40%
ET
Energy Transfer LP
11.59%
MPLX
MPLX LP - Unit
9.66%
WES
Western Midstream Partners LP
9.41%
ENLC
Enlink Midstream LLC - Unit
6.95%
MMP
Magellan Midstream Partners LP
6.45%
NS
NuStar Energy LP
6.16%
CQP
Cheniere Energy Partners LP
5.66%
CEQP
Crestwood Equity Partners LP - Unit
4.76%
Invest with AMZA

What is AMZA?

The Fund seeks to provide a high level of current income, a growing income stream, and long-term capital appreciation. The fund is an actively-managed portfolio of high-quality, midstream energy master limited partnerships (MLPs) and related general partners, utilizing options strategies and modest leverage.

ETFs related toAMZA

ETFs correlated to AMZA include AMJ, AMLP, MLPA

AMZA
ETFis Series Trust I - InfraCap MLP ETF 1.25x Shares
AMJ
JPMorgan Chase & Co. - KEYnotes ETN Link to First Trust Enh 130/30 L/C Index
AMLP
ALPS Fund Services - Alerian MLP ETF
MLPA
Global X Funds - Global X MLP ETF
MLPX
Global X Funds - Global X MLP & Energy Infrastructure ETF
EMLP
First Trust Exchange-Traded Fund III - First Trust North American Energy Infrastructure Fund
FXN
First Trust Exchange-Traded Fund III - First Trust Energy AlphaDEX Fund
IGE
BlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF
FCG
First Trust Exchange-Traded Fund III - First Trust Natural Gas ETF
COWZ
Pacer Funds Trust - Pacer US Cash Cows 100 ETF
RSPG
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

AMZA is a US MLPs ETF. The Fund seeks to provide a high level of current income, a growing income stream, and long-term capital appreciation. The fund is an actively-managed portfolio of high-quality, midstream energy master limited partnerships (MLPs) and related general partners, utilizing options strategies and modest leverage.

Yes, AMZA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, AMZA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on AMZA is 0.0686%. This is the percent change in the value of AMZA over the most recent 1-month period. The 3-month return on AMZA is 0.1198%. This is the percent change in the value of AMZA over the most recent 3-month period.

The standard deviation of AMZA for the past year is 0.2483%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to AMZA include PFF, PGF, and PGX.

ETFs correlated to AMZA include AMJ, AMLP, and MLPA.

ETFs that are inversely correlated to AMZA include DRIP, OILD, and DUG.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.