AMJB vs. NBET

Last updated Jun 24, 2026

AMJB (Alerian MLP Index ETN) and NBET (Neuberger Berman Energy Transition & Infrastructure ETF) are both Energy Equities funds. AMJB is passively managed, while NBET is actively managed. Over the past year, AMJB returned 13.35% vs 23.09% for NBET. A 0.62 correlation means they provide meaningful diversification when combined. AMJB charges 0.85%/yr vs 0.65%/yr for NBET.

Performance

AMJB vs. NBET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian MLP Index ETN (AMJB) and Neuberger Berman Energy Transition & Infrastructure ETF (NBET). 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 NBET's 20.80% return.

AMJB

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

NBET

• 1D: 0.19%
• 1M: -5.87%
• YTD: 20.80%
• 6M: 20.90%
• 1Y: 23.09%
• 3Y*: 19.86%
• 5Y*: —
• 10Y*: —

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

AMJB vs. NBET - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMJB Alerian MLP Index ETN	14.98%	1.36%	10.85%
NBET Neuberger Berman Energy Transition & Infrastructure ETF	20.80%	5.87%	36.77%

Correlation

The correlation between AMJB and NBET is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024	0.62

The correlation between AMJB and NBET has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.

Return for Risk

AMJB vs. NBET — 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

NBET

NBET Risk / Return Rank: 51
NBET Sharpe Ratio Rank: 50
NBET Sortino Ratio Rank: 47
NBET Omega Ratio Rank: 44
NBET Calmar Ratio Rank: 64
NBET Martin Ratio Rank: 50

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. NBET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Neuberger Berman Energy Transition & Infrastructure ETF (NBET). 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	NBET	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.59	-0.74
Sortino ratio: Return per unit of downside risk	1.30	2.15	-0.86
Omega ratio: Gain probability vs. loss probability	1.15	1.26	-0.11
Calmar ratio: Return relative to maximum drawdown	1.14	2.90	-1.76
Martin ratio: Return relative to average drawdown	3.57	7.90	-4.33

AMJB vs. NBET - Sharpe Ratio Comparison

The current AMJB Sharpe Ratio is 0.85, which is lower than the NBET Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of AMJB and NBET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AMJB vs. NBET - Drawdown Comparison

The maximum AMJB drawdown since its inception was -17.70%, smaller than the maximum NBET drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for AMJB and NBET.

Drawdown Indicators

	AMJB	NBET	Difference
Max Drawdown Largest peak-to-trough decline	-17.70%	-18.72%	+1.02%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	-8.00%	-3.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.72%	—
Current Drawdown Current decline from peak	-8.22%	-6.98%	-1.24%
Average Drawdown Average peak-to-trough decline	-5.03%	-5.07%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	2.93%	+0.84%

Volatility

AMJB vs. NBET - Volatility Comparison

Alerian MLP Index ETN (AMJB) has a higher volatility of 6.58% compared to Neuberger Berman Energy Transition & Infrastructure ETF (NBET) at 4.77%. This indicates that AMJB's price experiences larger fluctuations and is considered to be riskier than NBET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMJB	NBET	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	4.77%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	12.44%	11.00%	+1.44%
Volatility (1Y) Calculated over the trailing 1-year period	15.88%	14.66%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	19.48%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.32%	19.48%	-1.16%

AMJB vs. NBET - Expense Ratio Comparison

AMJB has a 0.85% expense ratio, which is higher than NBET's 0.65% expense ratio.

Dividends

AMJB vs. NBET - Dividend Comparison

AMJB has not paid dividends to shareholders, while NBET's dividend yield for the trailing twelve months is around 1.71%.

Position	TTM	2025	2024	2023	2022
AMJB Alerian MLP Index ETN	0.00%	0.00%	0.00%	0.00%	0.00%
NBET Neuberger Berman Energy Transition & Infrastructure ETF	1.71%	2.70%	2.43%	1.22%	0.87%

Frequently Asked Questions

Can I hold both AMJB and NBET in my portfolio?

AMJB and NBET have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMJB or NBET?

AMJB has higher volatility (6.58%) compared to NBET (4.77%). In terms of maximum drawdown, AMJB dropped -17.70% vs NBET's -18.72%.

Which ETF is better, AMJB or NBET?

On 1-year performance, NBET leads with 23.09% vs 13.35% for AMJB. On fees, NBET is cheaper at 0.65% per year. On volatility, NBET has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMJB or NBET?

Over the 1-year period, NBET has performed better with a 23.09% return vs 13.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMJB or NBET?

NBET is cheaper with a 0.65% expense ratio, compared with 0.85% for AMJB.

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

NBET has the higher dividend yield at 1.71%, compared with 0.00% for AMJB.

What is the main difference between AMJB and NBET?

They also come from different issuers: JPMorgan and Neuberger Berman. Their fees differ too: 0.85% for AMJB and 0.65% for NBET.

Which has better risk-adjusted returns?

NBET currently has the higher Sharpe Ratio (1.59 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.