AMLP vs. HIPS
Compare and contrast key facts about Alerian MLP ETF (AMLP) and GraniteShares HIPS US High Income ETF (HIPS).
AMLP and HIPS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HIPS is a passively managed fund by GraniteShares that tracks the performance of the TFMS HIPS Index. It was launched on Jan 6, 2015. Both AMLP and HIPS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMLP or HIPS.
Performance
AMLP vs. HIPS - Performance Comparison
Returns By Period
In the year-to-date period, AMLP achieves a 23.60% return, which is significantly higher than HIPS's 13.52% return.
AMLP
23.60%
5.01%
7.94%
23.03%
13.73%
1.91%
HIPS
13.52%
0.92%
6.47%
20.65%
5.27%
N/A
Key characteristics
| AMLP | HIPS | |
|---|---|---|
| Sharpe Ratio | 1.73 | 2.22 |
| Sortino Ratio | 2.42 | 2.98 |
| Omega Ratio | 1.30 | 1.43 |
| Calmar Ratio | 3.18 | 2.62 |
| Martin Ratio | 8.99 | 17.38 |
| Ulcer Index | 2.57% | 1.19% |
| Daily Std Dev | 13.37% | 9.32% |
| Max Drawdown | -77.19% | -53.14% |
| Current Drawdown | 0.00% | -0.15% |
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AMLP vs. HIPS - Expense Ratio Comparison
AMLP has a 0.90% expense ratio, which is lower than HIPS's 3.19% expense ratio.
Correlation
The correlation between AMLP and HIPS is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
AMLP vs. HIPS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alerian MLP ETF (AMLP) and GraniteShares HIPS US High Income ETF (HIPS). 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. HIPS - Dividend Comparison
AMLP's dividend yield for the trailing twelve months is around 7.65%, less than HIPS's 9.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.65% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.30% | 7.97% | 8.09% | 9.84% | 6.45% | 6.00% |
HIPS GraniteShares HIPS US High Income ETF | 9.94% | 10.37% | 10.81% | 8.47% | 9.54% | 7.59% | 8.70% | 7.31% | 7.24% | 6.51% | 0.00% | 0.00% |
Drawdowns
AMLP vs. HIPS - Drawdown Comparison
The maximum AMLP drawdown since its inception was -77.19%, which is greater than HIPS's maximum drawdown of -53.14%. Use the drawdown chart below to compare losses from any high point for AMLP and HIPS. For additional features, visit the drawdowns tool.
Volatility
AMLP vs. HIPS - Volatility Comparison
Alerian MLP ETF (AMLP) has a higher volatility of 2.98% compared to GraniteShares HIPS US High Income ETF (HIPS) at 2.18%. This indicates that AMLP's price experiences larger fluctuations and is considered to be riskier than HIPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.