AMJB vs. NVIR

Last updated Jun 4, 2026

AMJB (Alerian MLP Index ETN) and NVIR (Horizon Kinetics Energy Remediation ETF) are both Energy Equities funds. AMJB is passively managed, while NVIR is actively managed. Over the past year, AMJB returned 15.68% vs 34.67% for NVIR. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.85% expense ratio.

Performance

AMJB vs. NVIR - Performance Comparison

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

Returns By Period

In the year-to-date period, AMJB achieves a 17.69% return, which is significantly lower than NVIR's 22.17% return.

AMJB

• 1D: 1.62%
• 1M: -1.98%
• YTD: 17.69%
• 6M: 15.52%
• 1Y: 15.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVIR

• 1D: 0.66%
• 1M: -1.59%
• YTD: 22.17%
• 6M: 19.29%
• 1Y: 34.67%
• 3Y*: 19.49%
• 5Y*: —
• 10Y*: —

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

AMJB vs. NVIR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMJB Alerian MLP Index ETN	17.69%	1.36%	10.85%
NVIR Horizon Kinetics Energy Remediation ETF	22.17%	9.84%	17.40%

Correlation

The correlation between AMJB and NVIR 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 (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jan 29, 2024	0.57

The correlation between AMJB and NVIR has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.

Return for Risk

AMJB vs. NVIR — Risk / Return Rank

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

AMJB

AMJB Risk / Return Rank: 30
AMJB Sharpe Ratio Rank: 29
AMJB Sortino Ratio Rank: 28
AMJB Omega Ratio Rank: 26
AMJB Calmar Ratio Rank: 33
AMJB Martin Ratio Rank: 32

NVIR

NVIR Risk / Return Rank: 70
NVIR Sharpe Ratio Rank: 66
NVIR Sortino Ratio Rank: 62
NVIR Omega Ratio Rank: 62
NVIR Calmar Ratio Rank: 87
NVIR Martin Ratio Rank: 75

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. NVIR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Horizon Kinetics Energy Remediation ETF (NVIR). 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	NVIR	Difference
Sharpe ratio: Return per unit of total volatility	1.03	2.18	-1.15
Sortino ratio: Return per unit of downside risk	1.52	2.88	-1.37
Omega ratio: Gain probability vs. loss probability	1.18	1.37	-0.19
Calmar ratio: Return relative to maximum drawdown	1.60	4.95	-3.35
Martin ratio: Return relative to average drawdown	4.73	14.32	-9.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMJB vs. NVIR - Sharpe Ratio Comparison

The current AMJB Sharpe Ratio is 1.03, which is lower than the NVIR Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of AMJB and NVIR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMJB	NVIR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	2.18	-1.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.90	-0.20

Drawdowns

AMJB vs. NVIR - Drawdown Comparison

The maximum AMJB drawdown since its inception was -17.70%, smaller than the maximum NVIR drawdown of -22.47%. Use the drawdown chart below to compare losses from any high point for AMJB and NVIR.

Drawdown Indicators

	AMJB	NVIR	Difference
Max Drawdown Largest peak-to-trough decline	-17.70%	-22.47%	+4.77%
Max Drawdown (1Y) Largest decline over 1 year	-9.90%	-7.04%	-2.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.47%	—
Current Drawdown Current decline from peak	-6.06%	-3.08%	-2.98%
Average Drawdown Average peak-to-trough decline	-4.98%	-4.58%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	2.43%	+0.91%

Volatility

AMJB vs. NVIR - Volatility Comparison

Alerian MLP Index ETN (AMJB) and Horizon Kinetics Energy Remediation ETF (NVIR) have volatilities of 5.66% and 5.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMJB	NVIR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	5.78%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	12.18%	12.26%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	15.37%	16.05%	-0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.19%	19.24%	-1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	19.24%	-1.05%

AMJB vs. NVIR - Expense Ratio Comparison

Both AMJB and NVIR have an expense ratio of 0.85%.

Dividends

AMJB vs. NVIR - Dividend Comparison

AMJB has not paid dividends to shareholders, while NVIR's dividend yield for the trailing twelve months is around 0.75%.

Position	TTM	2025	2024	2023
AMJB Alerian MLP Index ETN	0.00%	0.00%	0.00%	0.00%
NVIR Horizon Kinetics Energy Remediation ETF	0.75%	0.92%	1.50%	1.34%

Frequently Asked Questions

Can I hold both AMJB and NVIR in my portfolio?

AMJB and NVIR 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 is riskier, AMJB or NVIR?

NVIR has higher volatility (5.78%) compared to AMJB (5.66%). In terms of maximum drawdown, AMJB dropped -17.70% vs NVIR's -22.47%.

Which ETF is better, AMJB or NVIR?

On 1-year performance, NVIR leads with 34.67% vs 15.68% for AMJB. Both ETFs have the same 0.85% expense ratio. On volatility, AMJB has been the lower-risk option at 5.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMJB or NVIR?

Over the 1-year period, NVIR has performed better with a 34.67% return vs 15.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMJB or NVIR?

AMJB and NVIR have the same expense ratio: 0.85% per year.

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

NVIR has the higher dividend yield at 0.75%, compared with 0.00% for AMJB.

What is the main difference between AMJB and NVIR?

They also come from different issuers: JPMorgan and Horizon.

Which has better risk-adjusted returns?

NVIR currently has the higher Sharpe Ratio (2.18 vs 1.03), 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.