InfraCap MLP ETF (AMZA) — Stock Correlations & Overview
Over the past year, AMZA has moved most closely with MLPB, ATMP, AMUB. Explore the stocks most correlated and inversely correlated with AMZA below, along with its price, financials, and company profile.
Stocks correlated with AMZA
Correlation of daily returns. Higher positive values move with AMZA; negative values move opposite it. Informational only, not investment advice.
Most correlated with AMZA
| Symbol | Company | Correlation |
|---|---|---|
| MLPB | ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 | 0.86 |
| ATMP | iPath Select MLP ETN | 0.85 |
| AMUB | ETRACS Alerian MLP Index ETN Series B due July 18, 2042 | 0.84 |
| MLPR | ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN | 0.83 |
| AMLP | Alerian MLP ETF | 0.83 |
Most inversely correlated with AMZA
| Symbol | Company | Correlation |
|---|---|---|
| ERY | Direxion Daily Energy Bear 2X ETF | -0.68 |
| DUG | ProShares UltraShort Energy | -0.67 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.66 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.63 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.62 |
Frequently asked questions about AMZA correlations
- Which stocks are most correlated with AMZA?
- Based on one year of daily returns, the stocks most correlated with InfraCap MLP ETF (AMZA) are MLPB (0.86), ATMP (0.85) and AMUB (0.84). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with AMZA?
- Over the past year, the stocks most inversely correlated with InfraCap MLP ETF (AMZA) are ERY (-0.68), DUG (-0.67) and OILD (-0.66). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these AMZA correlations calculated?
- We compute the correlation of daily returns between AMZA and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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