ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB)

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ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) is up 26.6% since the beginning of the year. MLPB is currently trading at $31 per share. Investors who bought $1,000 worth of MLPB shares 5 years ago would now be looking at an investment worth $2,723.

ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) has returned 26.62% so far this year and 25.65% over the past 12 months. Over the last ten years, MLPB has returned 8.89% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Oct 9, 2015, MLPB's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.

Historically, 53% of months were positive and 47% were negative. The best month was Apr 2020 with a return of +48.2%, while the worst month was Mar 2020 at -46.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.

On a daily basis, MLPB closed higher 39% of trading days. The best single day was Feb 26, 2016 with a return of +26.6%, while the worst single day was Mar 9, 2020 at -28.0%.

ETRACS Alerian MLP Infrastructure Index ETN Series B has an annualized alpha of 2.73%, beta of 0.67, and R2 of 0.16 versus S&P 500 Index. Calculated based on daily prices since October 09, 2015.

• This ETF participated in 110.02% of S&P 500 Index downside but only 87.57% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.67 may look defensive, but with R2 of 0.16 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.16 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MLPB has an expense ratio of 0.85%, placing it in the medium range.

MLPB ranks 68 for risk / return — above 68% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.

ETRACS Alerian MLP Infrastructure Index ETN Series B provided a 5.70% dividend yield over the last twelve months, with an annual payout of $1.74 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for ETRACS Alerian MLP Infrastructure Index ETN Series B. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the ETRACS Alerian MLP Infrastructure Index ETN Series B. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ETRACS Alerian MLP Infrastructure Index ETN Series B was 71.93%, occurring on Mar 18, 2020. Recovery took 660 trading sessions.

The chart below shows the rolling one-month volatility.