AMJB vs. NLR
AMJB (Alerian MLP Index ETN) and NLR (VanEck Uranium and Nuclear ETF) are both exchange-traded funds - AMJB is a Energy Equities fund tracking the Alerian MLP Index, while NLR is a Uranium fund tracking the MVIS Global Uranium & Nuclear Energy Index. Both are passively managed. Over the past year, AMJB returned 21.11% vs -2.28% for NLR. Their 0.14 correlation means their historical movements had little consistent relationship. AMJB charges 0.85%/yr vs 0.56%/yr for NLR.
Performance
AMJB vs. NLR - Performance Comparison
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Returns By Period
In the year-to-date period, AMJB achieves a 24.51% return, which is significantly higher than NLR's -13.99% return.
AMJB
- 1D
- 0.54%
- 1M
- 8.13%
- 6M
- 14.51%
- YTD
- 24.51%
- 1Y
- 21.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.31%
NLR
- 1D
- -1.41%
- 1M
- -7.05%
- 6M
- -28.16%
- YTD
- -13.99%
- 1Y
- -2.28%
- 3Y*
- 23.67%
- 5Y*
- 18.29%
- 10Y*
- 11.00%
- ALL TIME*
- 3.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $770.06K | $939.64K | $1.10M | |
| $43.05M | $48.38M | $60.74M |
AMJB vs. NLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AMJB Alerian MLP Index ETN | 24.51% | 1.36% | 10.85% |
NLR VanEck Uranium and Nuclear ETF | -13.99% | 56.50% | 9.70% |
Correlation
The correlation between AMJB and NLR is -0.10, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024 | 0.14 |
The correlation between AMJB and NLR shifts across timeframes, from -0.10 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AMJB vs. NLR — Risk / Return Rank
AMJB
NLR
AMJB vs. NLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and VanEck Uranium and Nuclear ETF (NLR). 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 | NLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.02 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | -0.12 | +1.80 |
| Martin ratioReturn relative to average drawdown | 5.00 | -0.26 | +5.26 |
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Drawdowns
AMJB vs. NLR - Drawdown Comparison
The maximum AMJB drawdown since its inception was -17.70%, smaller than the maximum NLR drawdown of -65.05%. Use the drawdown chart below to compare losses from any high point for AMJB and NLR.
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Drawdown Indicators
| AMJB | NLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.70% | -65.05% | +47.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -37.52% | +25.72% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.52% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.52% | — |
Current DrawdownCurrent decline from peak | -0.61% | -35.01% | +34.40% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -35.67% | +30.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 17.42% | -13.23% |
Volatility
AMJB vs. NLR - Volatility Comparison
The current volatility for Alerian MLP Index ETN (AMJB) is 5.38%, while VanEck Uranium and Nuclear ETF (NLR) has a volatility of 12.90%. This indicates that AMJB experiences smaller price fluctuations and is considered to be less risky than NLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMJB | NLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 12.90% | -7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 32.42% | -19.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.51% | 43.80% | -27.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 30.13% | -11.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 24.58% | -6.22% |
AMJB vs. NLR - Expense Ratio Comparison
AMJB has a 0.85% expense ratio, which is higher than NLR's 0.56% expense ratio.
Dividends
AMJB vs. NLR - Dividend Comparison
AMJB has not paid dividends to shareholders, while NLR's dividend yield for the trailing twelve months is around 2.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMJB Alerian MLP Index ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NLR VanEck Uranium and Nuclear ETF | 2.96% | 2.55% | 0.76% | 4.54% | 2.02% | 1.99% | 2.23% | 2.21% | 3.91% | 4.86% | 3.62% | 3.30% |
Frequently Asked Questions
AMJB and NLR have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLR has higher volatility (12.90%) compared to AMJB (5.38%). In terms of maximum drawdown, AMJB dropped -17.70% vs NLR's -65.05%.
On 1-year performance, AMJB leads with 21.11% vs -2.28% for NLR. On fees, NLR is cheaper at 0.56% per year. On volatility, AMJB has been the lower-risk option at 5.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AMJB has performed better with a 21.11% return vs -2.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NLR is cheaper with a 0.56% expense ratio, compared with 0.85% for AMJB.
NLR has the higher dividend yield at 2.96%, compared with 0.00% for AMJB.
AMJB is categorized as Energy Equities, while NLR is Uranium. AMJB tracks Alerian MLP Index, while NLR tracks MVIS Global Uranium & Nuclear Energy Index. They also come from different issuers: JPMorgan and VanEck. Their fees differ too: 0.85% for AMJB and 0.56% for NLR.
AMJB currently has the higher Sharpe Ratio (1.20 vs -0.10), 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.
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