AMJB vs. GXPE

Last updated Jun 24, 2026

AMJB (Alerian MLP Index ETN) and GXPE (Global X PureCap MSCI Energy ETF) are both Energy Equities funds - AMJB tracks the Alerian MLP Index while GXPE tracks the MSCI USA Energy PureCap Index. Both are passively managed. A 0.52 correlation means they provide meaningful diversification when combined. AMJB charges 0.85%/yr vs 0.15%/yr for GXPE.

Performance

AMJB vs. GXPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian MLP Index ETN (AMJB) and Global X PureCap MSCI Energy ETF (GXPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMJB achieves a 14.98% return, which is significantly lower than GXPE's 22.46% return.

AMJB

• 1D: 2.73%
• 1M: -7.15%
• YTD: 14.98%
• 6M: 14.48%
• 1Y: 13.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXPE

• 1D: 0.98%
• 1M: -7.62%
• YTD: 22.46%
• 6M: 23.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMJB vs. GXPE - Yearly Performance Comparison

	2026 (YTD)	2025
AMJB Alerian MLP Index ETN	14.98%	-0.47%
GXPE Global X PureCap MSCI Energy ETF	22.46%	4.62%

Correlation

The correlation between AMJB and GXPE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.52

Return for Risk

AMJB vs. GXPE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMJB

AMJB Risk / Return Rank: 25
AMJB Sharpe Ratio Rank: 25
AMJB Sortino Ratio Rank: 25
AMJB Omega Ratio Rank: 23
AMJB Calmar Ratio Rank: 25
AMJB Martin Ratio Rank: 27

GXPE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMJB vs. GXPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Global X PureCap MSCI Energy ETF (GXPE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AMJB	GXPE	Difference
Sharpe ratio: Return per unit of total volatility	0.85	—	—
Sortino ratio: Return per unit of downside risk	1.30	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.14	—	—
Martin ratio: Return relative to average drawdown	3.57	—	—

Drawdowns

AMJB vs. GXPE - Drawdown Comparison

The maximum AMJB drawdown since its inception was -17.70%, which is greater than GXPE's maximum drawdown of -14.89%. Use the drawdown chart below to compare losses from any high point for AMJB and GXPE.

Drawdown Indicators

	AMJB	GXPE	Difference
Max Drawdown Largest peak-to-trough decline	-17.70%	-14.89%	-2.81%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	—	—
Current Drawdown Current decline from peak	-8.22%	-13.07%	+4.85%
Average Drawdown Average peak-to-trough decline	-5.03%	-3.62%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	—	—

Volatility

Volatility by Period

	AMJB	GXPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.88%	20.69%	-4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	20.69%	-2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.32%	20.69%	-2.37%

AMJB vs. GXPE - Expense Ratio Comparison

AMJB has a 0.85% expense ratio, which is higher than GXPE's 0.15% expense ratio.

Dividends

AMJB vs. GXPE - Dividend Comparison

AMJB has not paid dividends to shareholders, while GXPE's dividend yield for the trailing twelve months is around 0.98%.

Position	TTM	2025
AMJB Alerian MLP Index ETN	0.00%	0.00%
GXPE Global X PureCap MSCI Energy ETF	0.98%	1.20%

Frequently Asked Questions

Can I hold both AMJB and GXPE in my portfolio?

AMJB and GXPE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMJB or GXPE?

On fees, GXPE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMJB or GXPE?

GXPE is cheaper with a 0.15% expense ratio, compared with 0.85% for AMJB.

Which ETF pays a higher dividend yield, AMJB or GXPE?

GXPE has the higher dividend yield at 0.98%, compared with 0.00% for AMJB.

What is the main difference between AMJB and GXPE?

AMJB tracks Alerian MLP Index, while GXPE tracks MSCI USA Energy PureCap Index. They also come from different issuers: JPMorgan and Global X. Their fees differ too: 0.85% for AMJB and 0.15% for GXPE.