AMLP vs. AMTR

Last updated Aug 4, 2026

AMLP (Alerian MLP ETF) and AMTR (ETRACS Alerian Midstream Energy Total Return Index ETN) are both MLPs funds - AMLP tracks the Alerian MLP Infrastructure Index while AMTR tracks the Alerian Midstream Energy Index. Both are passively managed. Their 0.77 correlation means they have sometimes moved together and sometimes differently. AMLP charges 0.90%/yr vs 0.75%/yr for AMTR.

Performance

AMLP vs. AMTR - Performance Comparison

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

Returns By Period

AMLP

• 1D: -0.33%
• 1M: 5.92%
• 6M: 15.63%
• YTD: 21.95%
• 1Y: 20.87%
• 3Y*: 19.72%
• 5Y*: 20.29%
• 10Y*: 7.06%
• ALL TIME*: 5.88%

AMTR

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 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)
AMLP Alerian MLP ETF	$68.05M	$61.93M	$74.57M

AMLP vs. AMTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AMLP Alerian MLP ETF	21.95%	5.78%	22.76%	21.40%	25.47%	39.09%	21.71%
AMTR ETRACS Alerian Midstream Energy Total Return Index ETN	0.00%	0.00%	44.68%	12.75%	20.41%	36.99%	14.40%

Correlation

The correlation between AMLP and AMTR is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.47
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (All Time) Calculated using the full available price history since Oct 21, 2020	0.77

The correlation between AMLP and AMTR shifts across timeframes, from 0.47 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.

AMLP vs. AMTR - Sectors Allocation Comparison

Sectors	AMLP	AMTR
Energy	98.1%	0.0%
Industrials	2.1%	0.0%
Utilities	1.9%	0.0%
Financial Services	0.0%	0.0%
Basic Materials	-	0.0%
Communication Services	-	0.0%
Consumer Cyclical	-	0.0%
Consumer Defensive	-	0.0%
Healthcare	-	0.0%
Real Estate	-	0.0%
Technology	-	0.0%

Return for Risk

AMLP vs. AMTR — Risk / Return Rank

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

AMLP

AMLP Risk / Return Rank: 67
AMLP Sharpe Ratio Rank: 72
AMLP Sortino Ratio Rank: 71
AMLP Omega Ratio Rank: 68
AMLP Calmar Ratio Rank: 70
AMLP Martin Ratio Rank: 57

AMTR

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.

AMLP vs. AMTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and ETRACS Alerian Midstream Energy Total Return Index ETN (AMTR). 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.

	AMLP	AMTR	Difference
Sharpe ratio: Return per unit of total volatility	1.68	—	—
Sortino ratio: Return per unit of downside risk	2.35	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.48	—	—
Martin ratio: Return relative to average drawdown	6.92	—	—

Drawdowns

Drawdown Indicators

	AMLP	AMTR	Difference
Max Drawdown Largest peak-to-trough decline	-77.19%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.47%	—	—
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	-0.33%	—	—
Average Drawdown Average peak-to-trough decline	-17.26%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	—	—

Volatility

Volatility by Period

	AMLP	AMTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.37%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.65%	—	—

AMLP vs. AMTR - Expense Ratio Comparison

AMLP has a 0.90% expense ratio, which is higher than AMTR's 0.75% expense ratio.

Dividends

AMLP vs. AMTR - Dividend Comparison

AMLP's dividend yield for the trailing twelve months is around 7.29%, while AMTR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMLP Alerian MLP ETF	7.29%	8.36%	7.70%	7.86%	7.70%	8.55%	12.31%	9.12%	9.29%	7.97%	8.09%	9.84%
AMTR ETRACS Alerian Midstream Energy Total Return 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%

Frequently Asked Questions

Can I hold both AMLP and AMTR in my portfolio?

AMLP and AMTR have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMLP or AMTR?

On fees, AMTR is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMLP or AMTR?

AMTR is cheaper with a 0.75% expense ratio, compared with 0.90% for AMLP.

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

AMLP has the higher dividend yield at 7.29%, compared with 0.00% for AMTR.

What is the main difference between AMLP and AMTR?

AMLP tracks Alerian MLP Infrastructure Index, while AMTR tracks Alerian Midstream Energy Index. They also come from different issuers: SS&C and UBS. Their fees differ too: 0.90% for AMLP and 0.75% for AMTR.