PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
AMLP vs. BRK-B
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AMLP vs. BRK-B

Last updated Jun 14, 2026

AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, AMLP returned 6.92%/yr vs 13.22%/yr for BRK-B. At a 0.38 correlation, their price movements are largely independent.

Performance

AMLP vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian MLP ETF (AMLP) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, AMLP achieves a 15.29% return, which is significantly higher than BRK-B's -2.67% return. Over the past 10 years, AMLP has underperformed BRK-B with an annualized return of 6.92%, while BRK-B has yielded a comparatively higher 13.22% annualized return.

AMLP

1D
-0.34%
1M
-3.23%
YTD
15.29%
6M
14.35%
1Y
15.02%
3Y*
20.22%
5Y*
15.26%
10Y*
6.92%

BRK-B

1D
0.71%
1M
1.07%
YTD
-2.67%
6M
-2.06%
1Y
0.35%
3Y*
13.30%
5Y*
11.27%
10Y*
13.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AMLP vs. BRK-B - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AMLP
Alerian MLP ETF		15.29%5.78%22.76%21.40%25.47%39.09%-32.26%5.99%-12.67%-7.89%
BRK-B
Berkshire Hathaway Inc.		-2.67%10.89%27.09%15.46%3.31%28.95%2.37%10.93%3.01%21.62%

Correlation

The correlation between AMLP and BRK-B is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (10Y)
Calculated over the trailing 10-year period

0.41

Correlation (All Time)
Calculated using the full available price history since Aug 25, 2010

0.38

Over the past year, the correlation between AMLP and BRK-B has dropped to 0.13 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Alerian MLP ETF

Berkshire Hathaway Inc.

Often compared with AMLP:
AMLP vs. MLPAAMLP vs. ENFRAMLP vs. XLEAMLP vs. SPYAMLP vs. ETAMLP vs. VDEAMLP vs. KYN
Often compared with BRK-B:
BRK-B vs. SPYBRK-B vs. VOOBRK-B vs. BRK-ABRK-B vs. QQQBRK-B vs. ^NDXBRK-B vs. VTIBRK-B vs. VGT

Return for Risk

AMLP vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AMLP
AMLP Risk / Return Rank: 3838
Overall Rank
AMLP Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
AMLP Sortino Ratio Rank: 3939
Sortino Ratio Rank
AMLP Omega Ratio Rank: 3737
Omega Ratio Rank
AMLP Calmar Ratio Rank: 3838
Calmar Ratio Rank
AMLP Martin Ratio Rank: 3939
Martin Ratio Rank
BRK-B
BRK-B Risk / Return Rank: 3939
Overall Rank
BRK-B Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
BRK-B Sortino Ratio Rank: 3434
Sortino Ratio Rank
BRK-B Omega Ratio Rank: 3333
Omega Ratio Rank
BRK-B Calmar Ratio Rank: 4242
Calmar Ratio Rank
BRK-B Martin Ratio Rank: 4242
Martin Ratio Rank
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. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and Berkshire Hathaway Inc. (BRK-B). 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.

AMLPBRK-BDifference
Sharpe ratioReturn per unit of total volatility
1.25
-0.02

+1.27

Sortino ratioReturn per unit of downside risk
1.79
0.08

+1.71

Omega ratioGain probability vs. loss probability

1.22

1.01

+0.21

Calmar ratioReturn relative to maximum drawdown

1.66

-0.02

+1.68

Martin ratioReturn relative to average drawdown

5.35

-0.05

+5.40

AMLP vs. BRK-B - Sharpe Ratio Comparison

The current AMLP Sharpe Ratio is 1.25, which is higher than the BRK-B Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of AMLP and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

AMLP vs. BRK-B - Drawdown Comparison

The maximum AMLP drawdown since its inception was -77.19%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for AMLP and BRK-B.

Loading charts...

Drawdown Indicators

AMLPBRK-BDifference

Max Drawdown

Largest peak-to-trough decline

-77.19%

-53.86%

-23.33%

Max Drawdown (1Y)

Largest decline over 1 year

-8.94%

-9.42%

+0.48%

Max Drawdown (3Y)

Largest decline over 3 years

-14.27%

-14.95%

+0.68%

Max Drawdown (5Y)

Largest decline over 5 years

-20.92%

-26.58%

+5.66%

Max Drawdown (10Y)

Largest decline over 10 years

-72.62%

-29.57%

-43.05%

Current Drawdown

Current decline from peak

-4.94%

-9.36%

+4.42%

Average Drawdown

Average peak-to-trough decline

-17.37%

-11.07%

-6.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.77%

4.53%

-1.76%

Volatility

AMLP vs. BRK-B - Volatility Comparison

Alerian MLP ETF (AMLP) has a higher volatility of 4.71% compared to Berkshire Hathaway Inc. (BRK-B) at 3.95%. This indicates that AMLP's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

AMLPBRK-BDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.71%

3.95%

+0.76%

Volatility (6M)

Calculated over the trailing 6-month period

8.77%

10.78%

-2.01%

Volatility (1Y)

Calculated over the trailing 1-year period

11.84%

14.38%

-2.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.95%

17.12%

+2.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.67%

19.44%

+8.23%

Dividends

AMLP vs. BRK-B - Dividend Comparison

AMLP's dividend yield for the trailing twelve months is around 7.71%, while BRK-B has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
AMLP
Alerian MLP ETF		7.71%8.36%7.70%7.86%7.70%8.55%12.31%9.12%9.29%7.97%8.09%9.84%
BRK-B
Berkshire Hathaway Inc.		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

AMLP and BRK-B have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AMLP has higher volatility (4.71%) compared to BRK-B (3.95%). In terms of maximum drawdown, AMLP dropped -77.19% vs BRK-B's -53.86%.

AMLP currently has the higher Sharpe Ratio (1.25 vs -0.02), 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.

Portfolio Optimizer

Find the right allocation for AMLP and BRK-B

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer