AMLP vs. FTAL.L

Last updated Jun 24, 2026

AMLP (Alerian MLP ETF) and FTAL.L (SPDR FTSE UK All Share UCITS ETF) are both exchange-traded funds - AMLP is a MLPs fund tracking the Alerian MLP Infrastructure Index, while FTAL.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, AMLP returned 6.53%/yr vs 8.44%/yr for FTAL.L. At a 0.34 correlation, their price movements are largely independent. AMLP charges 0.90%/yr vs 0.20%/yr for FTAL.L.

Performance

AMLP vs. FTAL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alerian MLP ETF (AMLP) and SPDR FTSE UK All Share UCITS ETF (FTAL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AMLP is traded in USD, while FTAL.L is traded in GBP. To make them comparable, the FTAL.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AMLP achieves a 14.23% return, which is significantly higher than FTAL.L's 4.42% return. Over the past 10 years, AMLP has underperformed FTAL.L with an annualized return of 6.53%, while FTAL.L has yielded a comparatively higher 8.44% annualized return.

AMLP

• 1D: 1.95%
• 1M: -5.26%
• YTD: 14.23%
• 6M: 13.82%
• 1Y: 15.28%
• 3Y*: 20.10%
• 5Y*: 15.96%
• 10Y*: 6.53%

FTAL.L

• 1D: -0.62%
• 1M: -1.76%
• YTD: 4.42%
• 6M: 4.25%
• 1Y: 18.50%
• 3Y*: 16.54%
• 5Y*: 9.13%
• 10Y*: 8.44%

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

AMLP vs. FTAL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMLP Alerian MLP ETF	14.23%	5.78%	22.76%	21.40%	25.47%	39.09%	-32.26%	5.99%	-12.67%	-7.89%
FTAL.L SPDR FTSE UK All Share UCITS ETF	4.42%	32.49%	7.21%	13.61%	-10.20%	16.12%	-7.20%	24.06%	-14.81%	23.73%

Correlation

The correlation between AMLP and FTAL.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Feb 28, 2012	0.34

Over the past year, the correlation between AMLP and FTAL.L has dropped to 0.03 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

AMLP vs. FTAL.L - Sectors Allocation Comparison

Sectors	AMLP	FTAL.L
Energy	97.7%	10.1%
Utilities	2.3%	4.6%
Basic Materials	-	8.9%
Communication Services	-	2.9%
Consumer Cyclical	-	5.9%
Consumer Defensive	-	12.0%
Financial Services	-	24.7%
Healthcare	-	12.6%
Industrials	-	14.8%
Real Estate	-	1.8%
Technology	-	1.8%

Return for Risk

AMLP vs. FTAL.L — Risk / Return Rank

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

AMLP

AMLP Risk / Return Rank: 35
AMLP Sharpe Ratio Rank: 37
AMLP Sortino Ratio Rank: 36
AMLP Omega Ratio Rank: 34
AMLP Calmar Ratio Rank: 36
AMLP Martin Ratio Rank: 35

FTAL.L

FTAL.L Risk / Return Rank: 57
FTAL.L Sharpe Ratio Rank: 62
FTAL.L Sortino Ratio Rank: 62
FTAL.L Omega Ratio Rank: 63
FTAL.L Calmar Ratio Rank: 51
FTAL.L Martin Ratio Rank: 48

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. FTAL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and SPDR FTSE UK All Share UCITS ETF (FTAL.L). 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	FTAL.L	Difference
Sharpe ratio: Return per unit of total volatility	1.27	1.35	-0.08
Sortino ratio: Return per unit of downside risk	1.81	1.95	-0.14
Omega ratio: Gain probability vs. loss probability	1.22	1.24	-0.02
Calmar ratio: Return relative to maximum drawdown	1.72	1.86	-0.14
Martin ratio: Return relative to average drawdown	5.16	5.95	-0.79

AMLP vs. FTAL.L - Sharpe Ratio Comparison

The current AMLP Sharpe Ratio is 1.27, which is comparable to the FTAL.L Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of AMLP and FTAL.L, 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

AMLP vs. FTAL.L - Drawdown Comparison

The maximum AMLP drawdown since its inception was -77.19%, which is greater than FTAL.L's maximum drawdown of -43.10%. Use the drawdown chart below to compare losses from any high point for AMLP and FTAL.L.

Drawdown Indicators

	AMLP	FTAL.L	Difference
Max Drawdown Largest peak-to-trough decline	-77.19%	-43.10%	-34.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-9.92%	+0.98%
Max Drawdown (3Y) Largest decline over 3 years	-14.27%	-13.73%	-0.54%
Max Drawdown (5Y) Largest decline over 5 years	-20.92%	-28.40%	+7.48%
Max Drawdown (10Y) Largest decline over 10 years	-72.62%	-43.10%	-29.52%
Current Drawdown Current decline from peak	-5.82%	-5.31%	-0.51%
Average Drawdown Average peak-to-trough decline	-17.36%	-7.78%	-9.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	3.10%	-0.13%

Volatility

AMLP vs. FTAL.L - Volatility Comparison

Alerian MLP ETF (AMLP) has a higher volatility of 5.02% compared to SPDR FTSE UK All Share UCITS ETF (FTAL.L) at 3.48%. This indicates that AMLP's price experiences larger fluctuations and is considered to be riskier than FTAL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMLP	FTAL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	3.48%	+1.54%
Volatility (6M) Calculated over the trailing 6-month period	9.02%	11.58%	-2.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	13.69%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	16.58%	+3.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.68%	17.82%	+9.86%

AMLP vs. FTAL.L - Expense Ratio Comparison

AMLP has a 0.90% expense ratio, which is higher than FTAL.L's 0.20% expense ratio.

Dividends

AMLP vs. FTAL.L - Dividend Comparison

AMLP's dividend yield for the trailing twelve months is around 7.78%, while FTAL.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMLP Alerian MLP ETF	7.78%	8.36%	7.70%	7.86%	7.70%	8.55%	12.31%	9.12%	9.29%	7.97%	8.09%	9.84%
FTAL.L SPDR FTSE UK All Share UCITS ETF	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 FTAL.L in my portfolio?

AMLP and FTAL.L have a correlation of 0.03, 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 FTAL.L?

On fees, FTAL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMLP or FTAL.L?

FTAL.L is cheaper with a 0.20% expense ratio, compared with 0.90% for AMLP.

What is the main difference between AMLP and FTAL.L?

AMLP is categorized as MLPs, while FTAL.L is Europe Equities. AMLP tracks Alerian MLP Infrastructure Index, while FTAL.L tracks FTSE AllSh TR GBP. They also come from different issuers: SS&C and State Street. Their fees differ too: 0.90% for AMLP and 0.20% for FTAL.L.