AMJB vs. MLPI

Last updated Apr 1, 2026

Compare and contrast key facts about Alerian MLP Index ETN (AMJB) and Neos MLP & Energy Infrastructure High Income ETF (MLPI).

AMJB and MLPI 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. MLPI is an actively managed fund by Neos. It was launched on Dec 17, 2025.

Performance

AMJB vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian MLP Index ETN (AMJB) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

AMJB vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
AMJB Alerian MLP Index ETN	17.28%	0.40%
MLPI Neos MLP & Energy Infrastructure High Income ETF	17.27%	0.56%

Returns By Period

The year-to-date returns for both stocks are quite close, with AMJB having a 17.28% return and MLPI slightly lower at 17.27%.

AMJB

• 1D: -1.43%
• 1M: 1.59%
• YTD: 17.28%
• 6M: 20.78%
• 1Y: 13.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPI

• 1D: -0.40%
• 1M: 3.16%
• YTD: 17.27%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMJB vs. MLPI - Expense Ratio Comparison

AMJB has a 0.85% expense ratio, which is higher than MLPI's 0.68% expense ratio.

AMJB

Alerian MLP Index ETN

MLPI

Neos MLP & Energy Infrastructure High Income ETF

Return for Risk

AMJB vs. MLPI — Risk / Return Rank

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

AMJB

AMJB Risk / Return Rank: 33
AMJB Sharpe Ratio Rank: 36
AMJB Sortino Ratio Rank: 35
AMJB Omega Ratio Rank: 35
AMJB Calmar Ratio Rank: 31
AMJB Martin Ratio Rank: 26

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. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Neos MLP & Energy Infrastructure High Income ETF (MLPI). 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	MLPI	Difference
Sharpe ratio Return per unit of total volatility	0.67	—	—
Sortino ratio Return per unit of downside risk	0.99	—	—
Omega ratio Gain probability vs. loss probability	1.14	—	—
Calmar ratio Return relative to maximum drawdown	0.76	—	—
Martin ratio Return relative to average drawdown	2.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AMJB	MLPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	7.48	-6.34

Correlation

The correlation between AMJB and MLPI is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AMJB vs. MLPI - Dividend Comparison

AMJB's dividend yield for the trailing twelve months is around 5.71%, more than MLPI's 3.49% yield.

	TTM	2025	2024
AMJB Alerian MLP Index ETN	5.71%	6.52%	5.99%
MLPI Neos MLP & Energy Infrastructure High Income ETF	3.49%	0.00%	0.00%

Drawdowns

AMJB vs. MLPI - Drawdown Comparison

The maximum AMJB drawdown since its inception was -16.98%, which is greater than MLPI's maximum drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for AMJB and MLPI.

Drawdown Indicators

	AMJB	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-16.98%	-2.78%	-14.20%
Max Drawdown (1Y) Largest decline over 1 year	-16.98%	—	—
Current Drawdown Current decline from peak	-3.00%	-1.19%	-1.81%
Average Drawdown Average peak-to-trough decline	-3.71%	-0.60%	-3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.38%	—	—

Volatility

Volatility by Period

	AMJB	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.11%	11.12%	+8.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.74%	11.12%	+6.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.74%	11.12%	+6.62%