AMJB vs. TEXU

Last updated Aug 1, 2026

AMJB (Alerian MLP Index ETN) and TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) are both exchange-traded funds - AMJB is a Energy Equities fund tracking the Alerian MLP Index, while TEXU is a Leveraged Equities fund tracking the S&P 500 Energy (Sector) Top 5 Equal Capped Index. Both are passively managed. Their 0.51 correlation means they have sometimes moved together and sometimes differently. AMJB charges 0.85%/yr vs 0.98%/yr for TEXU.

Performance

AMJB vs. TEXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian MLP Index ETN (AMJB) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMJB achieves a 24.51% return, which is significantly lower than TEXU's 61.53% return.

AMJB

• 1D: 0.54%
• 1M: 8.13%
• 6M: 14.51%
• YTD: 24.51%
• 1Y: 21.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.31%

TEXU

• 1D: 3.70%
• 1M: 20.93%
• 6M: 27.67%
• YTD: 61.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMJB Alerian MLP Index ETN	$770.06K	$939.64K	$1.10M
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	$74.49K	$95.78K	$95.00K

AMJB vs. TEXU - Yearly Performance Comparison

	2026 (YTD)	2025
AMJB Alerian MLP Index ETN	24.51%	1.32%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	61.53%	-1.42%

Correlation

The correlation between AMJB and TEXU is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.51

Return for Risk

AMJB vs. TEXU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AMJB

AMJB Risk / Return Rank: 47
AMJB Sharpe Ratio Rank: 49
AMJB Sortino Ratio Rank: 50
AMJB Omega Ratio Rank: 45
AMJB Calmar Ratio Rank: 47
AMJB Martin Ratio Rank: 44

TEXU

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AMJB vs. TEXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Direxion Daily Energy Top 5 Bull 2X ETF (TEXU). 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	TEXU	Difference
Sharpe ratio: Return per unit of total volatility	1.20	—	—
Sortino ratio: Return per unit of downside risk	1.79	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.68	—	—
Martin ratio: Return relative to average drawdown	5.00	—	—

Drawdowns

AMJB vs. TEXU - Drawdown Comparison

The maximum AMJB drawdown since its inception was -17.70%, smaller than the maximum TEXU drawdown of -31.71%. Use the drawdown chart below to compare losses from any high point for AMJB and TEXU.

Drawdown Indicators

	AMJB	TEXU	Difference
Max Drawdown Largest peak-to-trough decline	-17.70%	-31.71%	+14.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	—	—
Current Drawdown Current decline from peak	-0.61%	-15.96%	+15.35%
Average Drawdown Average peak-to-trough decline	-5.03%	-8.67%	+3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.19%	—	—

Volatility

Volatility by Period

	AMJB	TEXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.51%	40.87%	-24.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.36%	40.87%	-22.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	40.87%	-22.51%

AMJB vs. TEXU - Expense Ratio Comparison

AMJB has a 0.85% expense ratio, which is lower than TEXU's 0.98% expense ratio.

Dividends

AMJB vs. TEXU - Dividend Comparison

AMJB has not paid dividends to shareholders, while TEXU's dividend yield for the trailing twelve months is around 1.36%.

Position	TTM	2025
AMJB Alerian MLP Index ETN	0.00%	0.00%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	1.36%	0.67%

Frequently Asked Questions

Can I hold both AMJB and TEXU in my portfolio?

AMJB and TEXU have a correlation of 0.51, 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 TEXU?

On fees, AMJB is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMJB or TEXU?

AMJB is cheaper with a 0.85% expense ratio, compared with 0.98% for TEXU.

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

TEXU has the higher dividend yield at 1.36%, compared with 0.00% for AMJB.

What is the main difference between AMJB and TEXU?

AMJB is categorized as Energy Equities, while TEXU is Leveraged Equities. AMJB tracks Alerian MLP Index, while TEXU tracks S&P 500 Energy (Sector) Top 5 Equal Capped Index. They also come from different issuers: JPMorgan and Direxion. Their fees differ too: 0.85% for AMJB and 0.98% for TEXU.