AMJB vs. AMLP
Compare and contrast key facts about Alerian MLP Index ETN (AMJB) and Alerian MLP ETF (AMLP).
AMJB and AMLP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMJB is a passively managed fund by JPMorgan that tracks the performance of the Alerian MLP Index. It was launched on Jan 26, 2024. AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010. Both AMJB and AMLP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
AMJB vs. AMLP - Performance Comparison
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AMJB vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMJB Alerian MLP Index ETN | 17.28% | 7.91% | 17.90% |
AMLP Alerian MLP ETF | 14.20% | 5.78% | 16.70% |
Returns By Period
In the year-to-date period, AMJB achieves a 17.28% return, which is significantly higher than AMLP's 14.20% return.
AMJB
- 1D
- -1.43%
- 1M
- 1.59%
- YTD
- 17.28%
- 6M
- 20.78%
- 1Y
- 13.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMLP
- 1D
- -1.16%
- 1M
- 1.15%
- YTD
- 14.20%
- 6M
- 16.89%
- 1Y
- 9.93%
- 3Y*
- 20.27%
- 5Y*
- 20.38%
- 10Y*
- 8.63%
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AMJB vs. AMLP - Expense Ratio Comparison
AMJB has a 0.85% expense ratio, which is lower than AMLP's 0.90% expense ratio.
Return for Risk
AMJB vs. AMLP — Risk / Return Rank
AMJB
AMLP
AMJB vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Alerian MLP ETF (AMLP). 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.
| AMJB | AMLP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.62 | +0.05 |
Sortino ratioReturn per unit of downside risk | 0.99 | 0.89 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.68 | +0.08 |
Martin ratioReturn relative to average drawdown | 2.01 | 1.72 | +0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMJB | AMLP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.62 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.02 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.22 | +0.93 |
Correlation
The correlation between AMJB and AMLP is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AMJB vs. AMLP - Dividend Comparison
AMJB's dividend yield for the trailing twelve months is around 5.71%, less than AMLP's 7.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMJB Alerian MLP Index ETN | 5.71% | 6.52% | 5.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AMLP Alerian MLP ETF | 7.54% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
Drawdowns
AMJB vs. AMLP - Drawdown Comparison
The maximum AMJB drawdown since its inception was -16.98%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for AMJB and AMLP.
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Drawdown Indicators
| AMJB | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.98% | -77.19% | +60.21% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -14.27% | -2.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.62% | — |
Current DrawdownCurrent decline from peak | -3.00% | -2.17% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -17.57% | +13.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.38% | 5.60% | +0.78% |
Volatility
AMJB vs. AMLP - Volatility Comparison
Alerian MLP Index ETN (AMJB) has a higher volatility of 3.70% compared to Alerian MLP ETF (AMLP) at 2.92%. This indicates that AMJB's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMJB | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 2.92% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 7.86% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.11% | 16.08% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 20.18% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.74% | 27.84% | -10.10% |