AMLP vs. AMJB

Last updated Jun 3, 2026

AMLP (Alerian MLP ETF) and AMJB (Alerian MLP Index ETN) are both exchange-traded funds - AMLP is a MLPs fund tracking the Alerian MLP Infrastructure Index, while AMJB is a Energy Equities fund tracking the Alerian MLP Index. Both are passively managed. Over the past year, AMLP returned 19.16% vs 15.54% for AMJB. Their correlation of 0.88 suggests significant overlap in exposure. AMLP charges 0.90%/yr vs 0.85%/yr for AMJB.

Performance

AMLP vs. AMJB - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with AMLP having a 16.62% return and AMJB slightly lower at 15.81%.

AMLP

• 1D: 1.03%
• 1M: 0.25%
• YTD: 16.62%
• 6M: 16.20%
• 1Y: 19.16%
• 3Y*: 20.25%
• 5Y*: 17.03%
• 10Y*: 6.79%

AMJB

• 1D: -0.89%
• 1M: -2.86%
• YTD: 15.81%
• 6M: 15.47%
• 1Y: 15.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMLP vs. AMJB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AMLP Alerian MLP ETF	16.62%	5.78%	16.70%
AMJB Alerian MLP Index ETN	15.81%	1.36%	10.85%

Correlation

The correlation between AMLP and AMJB is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jan 29, 2024	0.88

The correlation between AMLP and AMJB has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

AMLP vs. AMJB — Risk / Return Rank

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

AMLP

AMLP Risk / Return Rank: 45
AMLP Sharpe Ratio Rank: 46
AMLP Sortino Ratio Rank: 45
AMLP Omega Ratio Rank: 43
AMLP Calmar Ratio Rank: 44
AMLP Martin Ratio Rank: 45

AMJB

AMJB Risk / Return Rank: 29
AMJB Sharpe Ratio Rank: 28
AMJB Sortino Ratio Rank: 28
AMJB Omega Ratio Rank: 26
AMJB Calmar Ratio Rank: 32
AMJB Martin Ratio Rank: 31

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.

AMLP vs. AMJB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and Alerian MLP Index ETN (AMJB). 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.

	AMLP	AMJB	Difference
Sharpe ratio Return per unit of total volatility	1.62	1.03	+0.59
Sortino ratio Return per unit of downside risk	2.25	1.51	+0.74
Omega ratio Gain probability vs. loss probability	1.28	1.18	+0.10
Calmar ratio Return relative to maximum drawdown	2.20	1.60	+0.60
Martin ratio Return relative to average drawdown	7.36	4.78	+2.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMLP vs. AMJB - Sharpe Ratio Comparison

The current AMLP Sharpe Ratio is 1.62, which is higher than the AMJB Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of AMLP and AMJB, 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

	AMLP	AMJB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.03	+0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.66	-0.43

Drawdowns

AMLP vs. AMJB - Drawdown Comparison

The maximum AMLP drawdown since its inception was -77.19%, which is greater than AMJB's maximum drawdown of -17.70%. Use the drawdown chart below to compare losses from any high point for AMLP and AMJB.

Drawdown Indicators

	AMLP	AMJB	Difference
Max Drawdown Largest peak-to-trough decline	-77.19%	-17.70%	-59.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-9.90%	+0.96%
Max Drawdown (3Y) Largest decline over 3 years	-14.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-72.62%	—	—
Current Drawdown Current decline from peak	-3.85%	-7.55%	+3.70%
Average Drawdown Average peak-to-trough decline	-17.40%	-4.97%	-12.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	3.31%	-0.64%

Volatility

AMLP vs. AMJB - Volatility Comparison

The current volatility for Alerian MLP ETF (AMLP) is 4.94%, while Alerian MLP Index ETN (AMJB) has a volatility of 5.52%. This indicates that AMLP experiences smaller price fluctuations and is considered to be less risky than AMJB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMLP	AMJB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	5.52%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	8.65%	12.12%	-3.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	15.34%	-3.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.98%	18.18%	+1.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.68%	18.18%	+9.50%

AMLP vs. AMJB - Expense Ratio Comparison

AMLP has a 0.90% expense ratio, which is higher than AMJB's 0.85% expense ratio.

Dividends

AMLP vs. AMJB - Dividend Comparison

AMLP's dividend yield for the trailing twelve months is around 7.62%, while AMJB has not paid dividends to shareholders.

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%
AMLP Alerian MLP ETF	7.62%	8.36%	7.70%	7.86%	7.70%	8.55%	12.31%	9.12%	9.29%	7.97%	8.09%	9.84%

Frequently Asked Questions

Can I hold both AMLP and AMJB in my portfolio?

AMLP and AMJB have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AMLP or AMJB?

AMJB has higher volatility (5.52%) compared to AMLP (4.94%). In terms of maximum drawdown, AMLP dropped -77.19% vs AMJB's -17.70%.

Which ETF is better, AMLP or AMJB?

On 1-year performance, AMLP leads with 19.16% vs 15.54% for AMJB. On fees, AMJB is cheaper at 0.85% per year. On volatility, AMLP has been the lower-risk option at 4.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AMLP or AMJB?

Over the 1-year period, AMLP has performed better with a 19.16% return vs 15.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AMLP or AMJB?

AMJB is cheaper with a 0.85% expense ratio, compared with 0.90% for AMLP.

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

AMLP has the higher dividend yield at 7.62%, compared with 0.00% for AMJB.

What is the main difference between AMLP and AMJB?

AMLP is categorized as MLPs, while AMJB is Energy Equities. AMLP tracks Alerian MLP Infrastructure Index, while AMJB tracks Alerian MLP Index. They also come from different issuers: SS&C and JPMorgan. Their fees differ too: 0.90% for AMLP and 0.85% for AMJB.

Which has better risk-adjusted returns?

AMLP currently has the higher Sharpe Ratio (1.62 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.