AMJB vs. USNG

Last updated Jun 24, 2026

AMJB (Alerian MLP Index ETN) and USNG (Amplify Samsung U.S. Natural Gas Infrastructure ETF) are both Energy Equities funds. AMJB is passively managed, while USNG is actively managed. Over the past year, AMJB returned 13.35% vs 46.88% for USNG. At a 0.50 correlation, their price movements are largely independent. AMJB charges 0.85%/yr vs 0.59%/yr for USNG.

Performance

AMJB vs. USNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian MLP Index ETN (AMJB) and Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG). 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 USNG's 36.83% return.

AMJB

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

USNG

• 1D: 1.74%
• 1M: -0.16%
• YTD: 36.83%
• 6M: 38.00%
• 1Y: 46.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMJB vs. USNG - Yearly Performance Comparison

	2026 (YTD)	2025
AMJB Alerian MLP Index ETN	14.98%	-3.14%
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	36.83%	10.51%

Correlation

The correlation between AMJB and USNG is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since May 20, 2025	0.50

Return for Risk

AMJB vs. USNG — 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

USNG

USNG Risk / Return Rank: 89
USNG Sharpe Ratio Rank: 89
USNG Sortino Ratio Rank: 88
USNG Omega Ratio Rank: 82
USNG Calmar Ratio Rank: 94
USNG Martin Ratio Rank: 91

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. USNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP Index ETN (AMJB) and Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG). 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	USNG	Difference
Sharpe ratio: Return per unit of total volatility	0.85	2.83	-1.98
Sortino ratio: Return per unit of downside risk	1.30	3.81	-2.51
Omega ratio: Gain probability vs. loss probability	1.15	1.47	-0.32
Calmar ratio: Return relative to maximum drawdown	1.14	6.91	-5.77
Martin ratio: Return relative to average drawdown	3.57	20.81	-17.24

AMJB vs. USNG - Sharpe Ratio Comparison

The current AMJB Sharpe Ratio is 0.85, which is lower than the USNG Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of AMJB and USNG, 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. USNG - Drawdown Comparison

The maximum AMJB drawdown since its inception was -17.70%, which is greater than USNG's maximum drawdown of -6.82%. Use the drawdown chart below to compare losses from any high point for AMJB and USNG.

Drawdown Indicators

	AMJB	USNG	Difference
Max Drawdown Largest peak-to-trough decline	-17.70%	-6.82%	-10.88%
Max Drawdown (1Y) Largest decline over 1 year	-11.80%	-6.82%	-4.98%
Current Drawdown Current decline from peak	-8.22%	-0.16%	-8.06%
Average Drawdown Average peak-to-trough decline	-5.03%	-1.52%	-3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	2.26%	+1.51%

Volatility

AMJB vs. USNG - Volatility Comparison

Alerian MLP Index ETN (AMJB) and Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) have volatilities of 6.58% and 6.31%, 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	USNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	6.31%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	12.44%	12.45%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	15.88%	16.70%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	16.63%	+1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.32%	16.63%	+1.69%

AMJB vs. USNG - Expense Ratio Comparison

AMJB has a 0.85% expense ratio, which is higher than USNG's 0.59% expense ratio.

Dividends

AMJB vs. USNG - Dividend Comparison

AMJB has not paid dividends to shareholders, while USNG's dividend yield for the trailing twelve months is around 1.08%.

Position	TTM	2025
AMJB Alerian MLP Index ETN	0.00%	0.00%
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF	1.08%	1.10%

Frequently Asked Questions

Can I hold both AMJB and USNG in my portfolio?

AMJB and USNG have a correlation of 0.47, 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 USNG?

AMJB has higher volatility (6.58%) compared to USNG (6.31%). In terms of maximum drawdown, AMJB dropped -17.70% vs USNG's -6.82%.

Which ETF is better, AMJB or USNG?

On 1-year performance, USNG leads with 46.88% vs 13.35% for AMJB. On fees, USNG is cheaper at 0.59% per year. On volatility, USNG has been the lower-risk option at 6.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMJB or USNG?

Over the 1-year period, USNG has performed better with a 46.88% 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 USNG?

USNG is cheaper with a 0.59% expense ratio, compared with 0.85% for AMJB.

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

USNG has the higher dividend yield at 1.08%, compared with 0.00% for AMJB.

What is the main difference between AMJB and USNG?

They also come from different issuers: JPMorgan and Amplify. Their fees differ too: 0.85% for AMJB and 0.59% for USNG.

Which has better risk-adjusted returns?

USNG currently has the higher Sharpe Ratio (2.83 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.