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Alerian MLP Index ETN (AMJB) Sharpe Ratio: 0.53

AMJB's Sharpe Ratio of 0.53 indicates that for each unit of volatility, it generates 0.53 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

AMJB Sharpe Ratio Rank

AMJB Sharpe Ratio Rank: 26.927
Below Average

AMJB ranks above 26.9% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

AMJB Sharpe Ratio Market Positioning

The chart shows AMJB's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.48 or lower
  • Yellow zone (middle 50%): 0.48 to 1.44
  • Green zone (top 25%): 1.44 or higher
  • Top 1%: 5.82+
  • Median: 0.97 — half of all investments score higher

How it compares to other similar ETFs

The table compares Alerian MLP Index ETN's Sharpe Ratio with other ETFs in the Energy Equities category across multiple time periods, showing how AMJB's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 2, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CRAKVanEck Oil Refiners ETF3.41
IONProshares S&P Global Core Battery Metals ETF3.30
SETMSprott Energy Transition Materials ETF3.14
COPJSprott Junior Copper Miners ETF2.96
VOLTTema Electrification ETF2.93
RNWZTrueShares Eagle Global Renewable Energy Income ETF2.92
MGNRAmerican Beacon GLG Natural Resources ETF2.75
HAPVanEck Natural Resources ETF2.56
LITPSprott Lithium Miners ETF2.47
ILITIshares Lithium Miners And Producers ETF2.41
AMJBAlerian MLP Index ETN0.53

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows AMJB's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when AMJB consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore AMJB risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

AMJB Sortino Ratio