AMLP vs. ET
Compare and contrast key facts about Alerian MLP ETF (AMLP) and Energy Transfer LP (ET).
AMLP is a passively managed fund by SS&C that tracks the performance of the Alerian MLP Infrastructure Index. It was launched on Aug 23, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMLP or ET.
Key characteristics
| AMLP | ET | |
|---|---|---|
| YTD Return | 13.99% | 17.59% |
| 1Y Return | 33.86% | 39.17% |
| 3Y Return (Ann) | 23.43% | 35.22% |
| 5Y Return (Ann) | 8.32% | 10.73% |
| 10Y Return (Ann) | 1.99% | 3.98% |
| Sharpe Ratio | 2.22 | 2.50 |
| Daily Std Dev | 14.31% | 14.99% |
| Max Drawdown | -77.19% | -87.81% |
| Current Drawdown | -1.43% | -5.41% |
Correlation
The correlation between AMLP and ET is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AMLP vs. ET - Performance Comparison
In the year-to-date period, AMLP achieves a 13.99% return, which is significantly lower than ET's 17.59% return. Over the past 10 years, AMLP has underperformed ET with an annualized return of 1.99%, while ET has yielded a comparatively higher 3.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AMLP vs. ET - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and Energy Transfer LP (ET). 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.
Dividends
AMLP vs. ET - Dividend Comparison
AMLP's dividend yield for the trailing twelve months is around 7.26%, less than ET's 7.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.26% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
ET Energy Transfer LP | 7.84% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% | 2.61% | 3.19% |
Drawdowns
AMLP vs. ET - Drawdown Comparison
The maximum AMLP drawdown since its inception was -77.19%, smaller than the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for AMLP and ET. For additional features, visit the drawdowns tool.
Volatility
AMLP vs. ET - Volatility Comparison
The current volatility for Alerian MLP ETF (AMLP) is 3.44%, while Energy Transfer LP (ET) has a volatility of 4.43%. This indicates that AMLP experiences smaller price fluctuations and is considered to be less risky than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.